When it comes to managing your restaurant’s cost, you absolutely can’t ignore labor. It is the second biggest expense in a restaurant – after an empty seat in the restaurant.

Labor cost management is an essential topic for achieving restaurant prosperity and financial freedom. The last few episodes of The Restaurant Prosperity Formula podcast have been a collection of some of my best and most popular tips on three very popular categories for restaurant owners: food cost (Episode 101), systems (Episode 102) and leadership (Episode 103). In this episode of my podcast, The Restaurant Prosperity Formula, I’m serving up a collection of some of my best and most effective labor cost lessons and tips. You’ll learn how to calculate labor cost, how to manage them and how to avoid common pitfalls.

Managing labor costs effectively requires a combination of accurate data, proactive scheduling, and continuous tracking. By mastering these strategies, you can significantly improve your restaurant's profitability and efficiency.

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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

Sponsor – Repeat Returns: http://repeatreturns.com/dsp 

Sponsor

This episode is being brought to you by MarginEdge. Managing costs is one of the most important parts of running a profitable restaurant—especially now. But between fluctuating vendor prices, waste, labor, and the never-ending list of daily tasks demanding your attention, it can be challenging for even the most experienced operators to keep up. That’s where MarginEdge comes in.

MarginEdge is a complete restaurant management software that automatically pulls data from your POS and invoices to give you real-time insights into your food and labor costs. No more waiting until it’s too late. With MarginEdge, you get the tools to make decisions in the moment: a daily P&L, price alerts for key ingredients, real-time plate costs. And best of all? No spreadsheets required. Take control of your costs, work more efficiently, and boost your profitability. Visit www.marginedge.com/DSP to learn more and schedule your demo today.

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