In episode 21 of my podcast, The Restaurant Prosperity Formula, I'm talking about the challenges restaurant owners are facing today from employee burnout and labor shortage to the need for stronger management and leadership.
My guest for this episode, Darren Denington, has 30...
Whether you're a restaurant owner, wanting to know what you should be expecting from your management team, or you are a manager trying to learn what it takes to be the best you can, understanding the basics of restaurant management is critical. That is exactly what I’m going to cover. Click...
What is a good profit margin for a restaurant? Have you been searching for a magic number? Do you want to know where you stack up against the competition? Are you worried that you're leaving a lot of money on the table, or are you just looking to make money for the first time? If you’re...
In episode 20 of my podcast, The Restaurant Prosperity Formula, I'm talking about the number one issue that is a burden in our industry right now. You might think I’m talking about a shortage of employees, but I’m really talking about burnout. Let’s talk about...
It's been over a year dealing with the pandemic and all the business restrictions, and it's been no fun. The problem of no sales was replaced with no employees as our guests make their way back into our restaurants. You’re still working harder than you want today and that will probably be...
Do you watch the reality bar and restaurant shows? Truth be told, I can only watch them when my wife isn't around because she hates it when I actually yell at the TV. In this case, I want to share with you three ways Jon Taffer’s Bar Rescue sets unrealistic expectations for...
Let’s talk about why being the best at everything could be your downfall and how you could be enabling everyone on your team to not succeed. In this episode of The Restaurant Prosperity Formula Podcast, I talk about my own enabling behaviors in the workplace that I eventually turned around...
I've been preaching the importance of having a restaurant budget since becoming a restaurant coach in 2003. In fact, I can tell you, if you don’t want to depend on dumb luck, your budget is critical to your restaurant’s success. So why don’t more restaurant operators have and...
Have you ever found yourself going to last page of your profit loss statement just to see if you made or lost money? Have you ever been disappointed at the final number and just said your favorite F word and then throwing it on your desk? And that's about all you do with the profit and loss...
The secret to being a successful restaurant owner. The answer? Find someone who gets stuff done. As an owner, you can’t do it all yourself. It’s just impossible. Plus, it’s not your job to do everything in the restaurant. Your job is to lead and take on more strategic activities...
Have you ever looked at your profit and loss statement and wondered what goes into the line items? Have you ever asked yourself what expense goes into that line item and decided not to call your accountant because you're fearful of getting charged more? Is your profit and loss statement something...
Restaurant budgeting 101 is a great place to start when it comes to trying to figure out your restaurant’s numbers. I’ve never wavered that the two most important systems any restaurant should have are budgets and recipe costing cards. Why? Because they're critical to your success....
