Restaurant Accounting Tips to Build Cash Flow and Security - Podcast Episode 5

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...
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How to Manage a Restaurant - 5 Tips from Successful Independent Owners

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...

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Running a Restaurant to Have Cash Flow During a Pandemic

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...

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Restaurant Checklist to Manage Managers - Podcast Episode 4

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...

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Restaurant Management Tips for When to Fire a Manager

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...

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Restaurant Manager Training Tips to Build a Stellar Management Team

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...

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Catering Ideas for Restaurants to Survive COVID with Sandy Korem

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...

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Restaurant Management Tips for a Top Notch Team

Are you looking for restaurant management tips and tools for a great team? You're in the right place because if you're dying to have a great management team that gets things done your way. Watch this video, or keep scrolling to read, for six restaurant management tips and tools for a top notch team.

I get it, you want to have a great management team. Heck, I have built my career on that since 2003. I've been coaching independent restaurant owners and managers just like you to put systems in...

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Restaurant Managers Are Accountable to Your Culture

If you’re wondering, how do I hold my management team accountable? Let’s instead talk about why holding your restaurant management team accountable is not an option. It's a requirement. To review the pitfalls of not holding managers accountable and then learn the benefits of holding them accountable, watch this video, or continue scrolling to read more.

When you take on the job of putting systems in place in your restaurant, the best reason to do it is to allow you to impose your...

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Restaurant Solutions for a Foundation of Great Guest Service with Darren Denington

To achieve restaurant prosperity, you have to follow a very specific formula made up of leadership systems, training, accountability and taking action. Today I’m excited to talk to a good friend of mine and fellow restaurant systems supporter.

Now, I want you to tune in to this episode of the podcast so you can hear from Darren Denington. He has more than 30 years of experience in the hospitality industry and has an extensive background as a food and beverage director, executive chef,...

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