#56: What Are Some General Targets for a Restaurant Budget?

October 4, 2022 by David Scott Peters

If I’ve said it once, I’ve said it 1 million times: the two most important systems any restaurant should have are budgets and recipe costing cards.

In this episode of my podcast, The Restaurant Prosperity Formula, I’m going to walk you through the various options for your budgeted numbers because there is no one answer that is right for everyone. There is no average that every restaurant owner should aim for.

A budget is so important to your restaurant’s success because it tells you where your numbers should be. As the leader of your restaurant, you need to lead the business with the right numbers. I’m coaching my members to look beyond whether there is money in the bank. They need to ask what specific targets to aim for in sales, COGS and labor? Then they need to examine whether they hit or missed those targets and what they need to do to make sure they hit the next set of targets. That could be using new systems, adjusting existing systems, examining those systems for misuse, or just finding where someone took their eye off the targets.

Listen to this podcast to hear the process I go through with my members and how you can use your budget to find your restaurant’s target numbers and how you can get there in your restaurant.

The truth of the matter is this if you just have a budget in the first place, creating your plan for success, you've got a greater opportunity to make the money you deserve because you know your numbers. That which you measure improves.

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Learn the 3 principles the most successful restaurant owners follow and how you can learn to follow them, too: https://dsp.coach/principlesx3

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