In theory, running a business is a somewhat simple affair. You make a thing and then charge people more for that thing than it cost you to produce it. This is what it means to run a profitable business. And of course, that’s what all of us want, right? To build a business that is inherently profitable…
And yet, for years now in the restaurant industry, it’s been death by a thousand cuts. As all costs go up, profitability goes down. And still, as an industry, we’ve just held on tight… determined to maintain the status quo. And yet the numbers don’t lie. They never do. In fact, the numbers tell us what is and is not possible. And that's why this is the perfect time to be talking about this.
Best of all, I'm sharing my budget template... the one I built more than a decade ago, and use with all of my clients. It is available now on the Restaurant Strategy website.
#370 - FIXING RESTAURANTS (PART 7) - Innovation ***** This week's episode is brought to you by: MARQII Marqii is your one-stop-shop for listings...
#145 - The Power of Routine This week's episode is also sponsored by STOCK MFG. With Stock you get all the style of retail,...
#475 - Menu Engineering for Maximum Profit Margins ***** This week's episode is brought to you by: TIME FORGE TIME FORGE provides labor management...