320. Restaurant Profit – How to Move the Needle w/Roger

When I owned multiple concepts, I was obsessed with my Restaurant Profit. Now I work with other operators....and I am obsessed with their restaurant profit! With rising costs beyond your control, there is nothing as important as having a feel for your restaurant’s critical numbers, your restaurant profit or where you might be losing money. Listen as I tell you: - The difference between running a restaurant and running a business! - How knowing your menu item plate cost impacts your financial bottom line - Why taking Inventory does not mean figuring out your weekly order - How to set up a simple Inventory system - Prime Cost and how to make these simple calculations - How to figure out your Daily Break-Even and which day(s) make the most sense to close - The benefits of Incentivizing your key-people And importantly, how to pay for high food and labor costs in your business. This is a big episode with actionable information and ideas to help you maximize your restaurant profit. Watch or Listen, then go out there and Rock YOUR Restaurant! bit.ly/E320RRP Roger Thank you to our sponsors SRV - Unlock Staff Potential and Maximize Sales. SRV teaches your team to profitably sell and accurately create the food and drinks at your restaurant. Learn More: https://srvnow.com/ Whirks: We will help you determine your eligibility for The Employee Retention Tax Credit for 2020 & 2021 https://page.whirks.com/employee-retention-credit FanConnect – Get new and repeat business, fill your tables and boost sales with Birthdays: https://www.getfanconnect.com/BirthdayRockstar/ Smithfield Culinary – Inspiring head-turning menu creativity. Visit us for culinary trends and chef-created recipes: https://smithfieldculinary.com/