Restaurant owners are uniquely challenged in the small business segment and the hospitality industry segment. Prosperity is possible, but the challenges in the way of prosperity are many, especially during the COVID-19 pandemic. In the latest episode of my podcast, “The Restaurant Prosperity Formula,” I’m touching on those challenges and their best solutions. While some of the episode may not be easy to listen to because I will poke some of your current challenges, fragile...

Restaurant management 101 is how chain restaurants kick independents’ butts. Their sales all too often are better than independents. They have better costs. They have managers who do their job. They have multiple thousands of locations with no owners in them. How do they do that? And more importantly, how can you do that? 

When I talk about restaurant management 101, I mean having a system, a process, a way to doing anything and everything in your business. For example, when my...

Restaurant 101 is a concept I talk about for independent restaurant success. What does success look like to you? To me, restaurant prosperity is freedom from your business and the financial freedom you deserve. Is that something you're striving for in your Internet searches? When you watch my tips, are you looking for how to get better so you can achieve restaurant success? If you're looking to make the money you deserve, have a management team that knows what their job is, how to do it, how...

Restaurant accounting requires a special touch and there is no one I recommend more to independent restaurant owners than Anne Gannon, CPA.

In this latest episode of The Restaurant Prosperity Formula podcast, Anne and I talk about many important topics, including:

• Why it’s probably worth keeping your restaurant’s doors open right now, even if you’re losing money
• What financial numbers to know and pay attention to for restaurants
• Cash flow budgets and their benefits
• Why you...

How to manage a restaurant is a common search term on the Internet. Restaurant entrepreneurs tend to always be learning new things and trying to improve their businesses and this is true in running a restaurant. In my experience, the most successful people I've worked with are always trying to become better. They want to do things better and get the best results possible. Watch this video or keep scrolling to read five tips I’ve gathered from the very successful restaurant owners...

Learning to run our restaurant during a pandemic has been one of the greatest challenges of our lives. The restaurant industry was flourishing and then came March 2020, when, BOOM, we had to close our doors and literally learn to pivot our businesses so we could still have cash flow, even in a pandemic. Watch the video below or keep scrolling to read about your cash flow and how to make a plan for it.

Restaurants are cash flow businesses because cash pays the bills, not profits. Most...

Your restaurant checklist to manage managers – really, many checklists – is the principle foundation of a strong management team. Being known as the restaurant systems expert and after working with literally thousands of restaurant owners and managers around the world to implement systems in their restaurant to achieve prosperity, I know a thing or two about a strong management team. The truth is to have a strong management team you must start with setting your standards the way...

Managing people is a demanding part of running any business and can be even more challenging in a restaurant. A common question is how do I fire a restaurant manager? If you’re watching this tip, it’s very possible you are under a tremendous amount of stress right now as you try to figure out your next steps with a manager. In this video, I’m going to teach you the key to knowing when it's time to pull the trigger and fire a manager. I’m also going to talk about why I...

Are you searching for restaurant management tips to build a stellar management team? Well, you're in the right place. Building systems will transform your restaurant business, but the only way you can get it all done is to have a management team in place to do the work. If you’re going to build a restaurant management team, you might as well a stellar team the right way. Click the video below or scroll down to read for three restaurant manager training tips to build a stellar management...

Let’s talk catering ideas for restaurants to survive COVID in episode three of The Restaurant Prosperity Formula podcast. This week’s episode is a helpful one if you’re a restaurant owner or caterer and want to learn an important lesson about diversifying your revenue, especially after COVID-19 has taken its toll on restaurants and caterers.

For this episode, I interview Sandy Korem, the CEO and founder of The Festive Kitchen, a one-of-a-kind catering company based in...