Why is it you can be hitting all your profitability numbers such as food cost, pour cost and labor cost, yet not have money in the bank? If you struggle with having enough cash to pay your bills, I'm going to talk about how you can boost cashflow with inventory in your restaurant business.
Yes,...
If you have been following me for any length of time you have heard me say the following statement: The two most important systems any restaurant should have in place are budgets and recipe costing cards. Why are these two systems so important? They move you from a reactive form of management to...
As a restaurant owner, are you afraid to give up ordering because everyone else orders too much product? Is the over ordering emptying your bank account, so much so that you're finding it hard to pay your bills? Or maybe you're just frustrated because you're running out to buy product because no...
How do you know how much food you should have on the shelves before you put yourself into a poor cash position? Today I'm going to answer what’s an inventory turn and why they're so important to understand when you want to take control of your kitchen.
What is an inventory turn? If you...
Hiring in any business is a challenge, but the restaurant and hospitality industries are especially hard. There isn’t an entrepreneur who hasn’t been duped by a smooth-talking go-getter, a server who says they have experience, or that manager with chain experience who you think is...
Why is taking inventory really worth the headache most restaurant owners see it as? The short answer is it's not just about calculating your cost of goods sold, it's about ordering and cash flow. Let’s talk about inventory management and how it's a restaurant game changer.
Inventory is a...
If you don't believe me that your employees will tell anybody anything, I'm going to tell you right now they will. Recently, on a trip, I had a delay in the Austin airport on my way home, so I sat at the bar in a little burger restaurant. It turns out, it was a great place to eavesdrop on a...
I’m putting a flag in the ground: your restaurant is not a food business. It’s a hospitality business. If you tell people you are in the food business, then you’re telling them you provide the same thing as a gas station, which also sells food. Restaurants have the privilege to...
How to calculate restaurant food cost is one of the most frequently searched terms on YouTube. I even have several videos on my channel this topic. So why am I doing yet another video on food cost? Because you, my faithful followers, have been asking me to teach it using visual examples. This...
Why is it that as business owners and restaurant owners that it sometimes feels like accountants show us smoke and mirrors? A lot of restaurant owners don't know what the heck accountants are saying to us. They feel beholden to them but don't know what's going on. In this video I'm going to...
Your prosperity is my goal. Prosperity is at the core of what I coach restaurant owners, like you, to achieve. Prosperity is freedom from your restaurant when you want it, confidence in your business, confidence in your restaurant’s numbers, the ability to have a life outside the restaurant...
If you're a restaurant owner, and you want to be able to really take control of your food costs, you need to understand how important your point of sale system is to that journey. In this video I’m talking about mastering your restaurant food cost and giving you a quick-start guide to...
