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Restaurant Labor Cost 101 Apr 06, 2021

Restaurant labor cost 101 is a plan for any restaurant owner who wants to solve the end-of-the-week panic when you check your labor cost on your POS system and see that it’s too high, so you whip yourself into a panic and start cutting staff on your two busiest days. The problem with this...

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Restaurant Managers Must Learn Three Essential Lessons to be Empowered Mar 31, 2021

Let’s talk about how to get the most out of your management team instead of enabling them to do the minimum. In this episode of my podcast, The Restaurant Prosperity Formula, I want to share with you the three lessons you must teach your managers and supervisors that empower them to do...

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Food Cost Formula to Find Target for Independent Restaurants Mar 30, 2021

What if I told you you were asking the wrong question when you're searching for the food cost formula to find your target for your independent restaurant? If you want to know where your food cost should be to make money, I want to teach you the right question to ask and the best way to answer it....

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Restaurant Startup Mistakes I See Most Often in Independents Mar 23, 2021

I know a thing or two about restaurant startup mistakes and what I see most often in independents. If you're wondering if you made them when getting your restaurant open or if you’re looking to open your first restaurant and want to avoid them, this tip is for you.

Owning and running a...

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How to Prepare for Massive Increase in Restaurant Sales Mar 17, 2021

Let's talk about the massive increase in restaurant sales that is coming for every restaurant along with the quickest path to prepare for it. As vaccine shots go into more arms and restrictions are lifted in more cities and states, everyone who has been abiding by the stay-home recommendations is...

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Restaurant Financial Reports Independent Owners Misunderstand Mar 16, 2021

As a restaurant owner, are you afraid of your numbers? Do you look at your profit and loss statement only to see if you made or lost money the past month? Do you struggle actually knowing what goes into each line item? Well, you're in the right place because I'm about to talk to you about three...

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Restaurant Pricing Strategy to Get More Bang for the Buck Mar 09, 2021

If I had a dollar for every restaurant owner who is looking for a restaurant pricing strategy to get more bang for their buck, I would be worth a ton of money! Why? Because everyone ties making money with increased sales and the easiest way to increase your sales is to raise your prices. But...

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Restaurant Management System to Improve Menu Engineering Mar 02, 2021

Menu engineering is a popular search topic. It’s a buzzword and, when done right, can have a big impact on your restaurant’s sales. To do restaurant menu engineering correctly, you have to make sure you’re using proper restaurant management systems, whether it’s software...

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Restaurant Training: 10 Steps to a Great Service Training Plan for Independents - Podcast Episode 15 Feb 24, 2021

In this episode of The Restaurant Prosperity Formula podcast, host David Scott Peters welcomes back Darren Denington, CFBE, founder of Service with Style. Darren has more than 30 years of experience in the hospitality industry and has an extensive background as a food and beverage director,...

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Restaurant Menu Pricing Strategies That Work for Independent Operators Feb 23, 2021

When it comes to restaurant menu pricing strategies, what approach do you take in your independent restaurant? Do you just look at what your competitors are charging? Do you think about what you think people would be willing to pay for an item? Or do you just ask your chef or kitchen manager to...

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Restaurant Food Cost Saving Ideas for Independent Owners Feb 16, 2021

Food costs have been rising on a weekly basis for darn near two decades now. Most restaurant operators are quick to attribute their high food cost to these price changes. On top of that, the echo chamber of the Internet keeps compounding the problem, feeding you bad information like the average...

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Restaurateur Couple Shares How They Went from Hobbyists to Entrepreneurs - Podcast Episode 14 Feb 10, 2021

If you’re working in your restaurant because you have a passion for hospitality and your restaurant is a dream you made come true, but you struggle to thrive in your business and your personal life, this episode of The Restaurant Prosperity Formula podcast is here to offer you inspiration.

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