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You Know You're An Entrepreneur When...

Let’s have a little fun and play a game I like to call, “You Know You're an Entrepreneur When…” Restaurant owners are definitely living that entrepreneur life, so join me and play along.

You know you're an entrepreneur when... you find yourself answering simple questions via text message when you're not in the building at all hours of the day.

You know you're an entrepreneur when... you feel like it'd be faster just to do it yourself instead of training someone else...

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How Restaurant Owners Can Overcome Burnout

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 what you can do to fight off the negative effects of restaurant burnout and what you need to do to leave it in your rearview mirror.

I know your struggle because I see it every day with my members in my...

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3 Ways Jon Taffer’s Bar Rescue Sets Unrealistic Expectations

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 restaurant and bar owners not featured on his show. Click below or keep scrolling to read what I respect about his process and why it sets unrealistic expectations.

I recently watched an episode of...

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Restaurant Owner Secret to Success Is to Find Someone Who Gets Stuff Done

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 such as marketing and development of growth paths. To do this successfully, you must identify or hire someone on your team who can be relied upon to get you up and running with systems and get things...

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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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