Restaurant Pricing Strategies to Save Your 2021 — Welcome to week 4 million of living in a pandemic while owning a restaurant. This week, I’m talking about a major issue for restaurants right now: the shortage of food and the resulting increase in prices. What you’re paying for products right now is going through the…
Why Restaurant Owners Must Lead with Accountability A big issue for restaurant owners is feeling like a hostage in their own business. They’re so afraid of losing their managers, they hold back on adding more to their plates and then don’t question them when things aren’t done right. That leaves the restaurant owner in a…
Every restaurant owner I work with, since starting my coaching services in 2003, struggles with one thing. It is the one thing that dictates whether they are successful or not. That one thing is self-accountability. For this episode of The Restaurant Prosperity Formula, I explain what I mean by accountability and why it’s so important. Tune…
I just spoke at the first industry trade show since the pandemic. It was the Nightclub and Bar Show in Las Vegas, Nevada at the end of June 2021. I loved being back on the road and being on stage with a live audience. So on this episode of The Restaurant Prosperity Formula, I talk about…
In episode 23 of The Restaurant Prosperity Formula, I address the major challenge the hospitality industry is experiencing here in the United States as the states open back up and restaurants are experiencing huge sales increases. That challenge is the shortage of restaurant employees. Restaurants are extremely short-staffed, which means restaurant owners are spending all their time working…
In this episode, Anne Gannon, CPA of The Largo Group, and I offer our insight and experience on what the most successful restaurant owners we work with know about their restaurant’s numbers. This episode is important because most restaurant owners choose the restaurant industry because they’re passionate about hospitality and making memories for people. They don’t…
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 years of experience in the hospitality industry and has an extensive background as a food and…
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. I know your struggle because I see it every day with my members in my 24-week Restaurant Transformation…
In this episode of The Restaurant Prosperity Formula podcast, host David Scott Peters talks about the dangers of being a business owner who enables a work environment where no one is accountable, and the restaurant owner thinks they must be the best at everything. The problem with this is if you’re so good at doing…
In this episode of The Restaurant Prosperity Formula podcast, host David Scott Peters talks about 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…