Does looking at your restaurant financial statements give you a headache? Do you ever wonder what some of the terms your accountant throws at you mean? If you feel like you should already know what key accounting terms mean, and you're a little afraid to ask your accountant for clarification,...
Restaurant management checklists are the first system I teach in my group coaching program for a number of reasons. Of course I get pushback on them because restaurant owners say they’ve used checklists in the past, and they don’t work. For every restaurant owner that tells me that, I...
Let’s talk about the recession. Are you asking, “What recession?” The talking heads and our government officials are all saying we are in a state of high inflation, and we could go into recession soon. How bad a recession or how long or short lived, no one knows. While I am not...
Are you tired of being a prisoner to your restaurant business and not making the money you deserve? Would you like to have freedom from your restaurant to have a life outside of the restaurant? After coaching thousands of restaurant owners since 2003, I have found three restaurant business...
Inflation in the restaurant business feels like it could be the knockout punch after the one-two combination that started in 2020. First the restaurant industry was hit with business restrictions and then the Great Resignation and now inflation is affecting your bottom line. The good news is you...
While I’m the first to tell you that the restaurant business is one of the hardest businesses out there, that doesn’t mean you have to suffer for it. Your quality of life matters, and you deserve to experience all that life has to offer inside and outside of your restaurant. So how do...
What is a pre-shift meeting for restaurants and why is it an indicator of a successful restaurant? And how are you supposed to run a pre-shift meeting in your restaurant, especially when not everybody comes in at the same time? Let’s talk about when to hold a pre-shift meeting in your...
With the online POS systems like Toast taking over the restaurant space, many restaurant owners wonder why they need to track their restaurant's daily sales when it happens automatically. Let’s talk about why you should still track daily sales in your restaurant.
You're busy. The last...
The restaurant owners I work with every week are looking for transformation. They might be tired of working so many hours in the restaurant or frustrated by not being able to move the needle on things. Or they are missing out on life and want a better balance. Whatever their reason, the...
If you've been following me for any length of time, you've heard me say the two most important systems any restaurant should have in place are recipe costing cards and budgets. Why? Because they're proactive systems that put you on the offensive for managing your restaurant. In this video,...
What do you think the average profit margin is for an independent restaurant? What if I told you that even in these challenging times, most restaurant owners are setting their sights too low? Continue reading, or click below, to learn exactly what I mean.
Years ago, I remember the National...
Inflation is hitting home for restaurant owners as the cost of food and other essential products have been on the rise for months. What's a restaurant owner to do? The short answer is it’s time to use menu engineering. In this episode of “The Restaurant Prosperity Formula”...
