371. Love them or Hate them, Restaurant Finances are Vital to your Success - Tom Rutledge

Learn the Top 3 Restaurant Profit Killers and how to fix them: https://restaurantrockstars.com/profits/ SHOW NOTES: https://restaurantrockstars.com/audio/371-restaurant-finances/ I get it, many operators hate numbers, so they avoid them. But the truth is numbers really move the needle good or bad, and they ultimately determine your restaurant’s success or failure. When I owned restaurants, I was obsessed with my critical numbers and analyzed them each and every week. It’s one of the reasons my restaurants had more than double the net profit of the average full serve restaurant. With the right approach, you can too! In this episode of the Restaurant Rockstars Podcast, I’m speaking with Tom Rutledge, Founder and Managing Member of RDMS Group, restaurant finance guru and game-changer with expertise in payroll, food costing, labor analysis, budgeting, COGS trending, and financial viability. Listen as Tom tells: • The vital financial foundation your restaurant needs. • What restaurants need to do now to move forward post-pandemic? • How to deal with inflation and the labor crisis • The importance of maintaining margins despite rising costs • His best advice on inventory & prime cost • What to do about labor cost abuses And a key-takeaway, changing the mindset of running a restaurant to running a business. Don’t miss this episode, then go out there and Rock YOUR Restaurant! Roger Learn the Top 3 Restaurant Profit Killers and how to fix them: https://restaurantrockstars.com/profits/ Ask Roger a Question or Share a Restaurant story with us: https://www.speakpipe.com/RestaurantRockstars Thank you to our sponsors: Sculpture Hospitality is the solution to improve your bar or restaurant inventory and gain healthier profit margins! https://www.sculpturehospitality.com The Birthday Club – Get new and repeat business, fill your tables, and boost sales with Birthdays: https://jointhebirthdayclub.com/BirthdayRockstar/ Popmenu: For a limited time only, popmenu is offering our listeners $100 off your first month plus an unchanging lifetime rate. FREE Demo: https://www.popmenu.com/rockstars VERGE Funding Group: Set up your personal meeting with Karen to see how much money your business may qualify to get back at this link: https://calendly.com/vergefundinggroup/erc-qualifying-call-rrs