Restaurant Startup Mistakes I See Most Often in Independents

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 restaurant is not for the faint of heart. It's really hard work. You put a lot of hours in and the profit margin, well, it's slim to none if you're not careful, especially when you start out.

What...

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Restaurateur Couple Shares How They Went from Hobbyists to Entrepreneurs - Podcast Episode 14

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.

This week I talk with Brianna and Jonathan Cowan, owners of The Wooden Paddle in Lemont, Illinois. For the last year or so, I’ve been coaching them through the implementation of systems and...

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Restaurant Business Ideas Every Independent Can Follow for 2021 - Podcast Episode 13

To achieve prosperity in your restaurant – including cash flow and time away from your restaurant – you have to follow a very specific formula made up of leadership systems, training, accountability and taking action. In this latest episode of my podcast, The Restaurant Prosperity Formula, I talk to Brian Mueller, owner of The Blue Coast Burrito in Cookeville, Tenn., which is a part of a small growing franchise system.

Brian has recently transitioned from a general manager to...

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Running a Restaurant: One Owner's Journey Through the Pandemic - Podcast Episode 11

In this episode of The Restaurant Prosperity Formula podcast, I talk with restaurant owner Karen Fagnilli, owner of The Lake House Inn Resort in Ohio on Lake Erie. Karen and her family purchased the inn about 20 years ago and added the restaurant in 2005. Then in 2012, they expanded the restaurant and have been on a quest to make money in the restaurant ever since.

Karen was already greatly focused on taking care of the guest, using locally sourced products and using systems. But like many...

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How to Run a Restaurant - the Story of a Former CFO's Journey With Systems - Podcast Episode 9

In this episode of The Restaurant Prosperity Formula podcast, host David Scott Peters talks to Steve Eller, restaurant owner of Cosmic Cowboy in Idaho and Washington. David and Steve talk through Steve’s experience adopting and working with David’s restaurant systems to learn how to run a restaurant. Steve’s story is interesting in that he was already using a lot of the systems that David teaches, but his prime cost was too high, and he was looking for the answer to why and...

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Restaurant Food Cost Solutions for Independent Restaurants - Podcast Episode 8

The topic for this episode of my podcast, The Restaurant Prosperity Formula, centers on the story of one restaurant owner who learned how to change her business to not only survive the COVID crisis, but thrive and get her life back.

Emmy Barnick is the owner of the Captain's Cabin in Washburn, North Dakota. She and her husband also run a farm. She opened a restaurant because she had a dream to provide for her small farming community. She wanted to give them a place where they could...

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How to Run a Successful Restaurant with Pandemic Conditions

Are you looking for the answer to how to run a successful restaurant with pandemic conditions? Is there a manual for that? Nope! We've never seen this before. It's crazy. Think about this though. Do you remember when you opened your restaurant? You remember how people said you were crazy? Do you remember struggling with cash flow as you were building your sales? You made mistake after mistake after mistake. And each one of those mistakes cost you money. Now, fast forward. And do you remember...

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How to Run a Restaurant Successfully in Uncertainty

Wouldn't it be nice to know how to run a restaurant successfully in uncertainty? Running your restaurant during the COVID-19 pandemic feels like trying to navigate your way home through a raging forest fire, like the ones that ravage the West Coast. It's frightening. If you take action too late, you will not make it. Ultimately, if you don't make it, it can cost you everything. What you need is a road map and help. And that help comes from two very specific things. Systems and an implementer....

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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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What Job Should a Restaurant Owner Be Doing

What are the responsibilities of a restaurant owner? When I ask restaurant owners, I get something along the lines of run the business and make money. The truth is it is much more than that. I want to help you transition from working in your business to working on your business. Wouldn't you like to have freedom, not only the financial freedom, but the ability to leave your business knowing it's being run your way? Click to watch the video tip below, or continue scrolling to read what job a...

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