Restaurant Profitability - The Five Killers and How to Beat Them

Restaurant Profitability - The Five Killers and How to Beat Them

#471 - Restaurant Profitability - The Five Killers and How to Beat Them

*****

This week's episode is brought to you by: KICKFIN

Thousands of restaurants across the country use Kickfin to send instant, cashless tip payouts, directly to their employees’ bank accounts, the second their shift ends. Get in touch today for a personalized demo and see how restaurants and bars across the country are tipping out with Kickfin.

VISIT: https://kickfin.com/demo/


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PROFIT KILLER #1: RAZOR-THIN MARGINS

PROFIT KILLER #2: HIGH LABOR COSTS AND TURNOVER

PROFIT KILLER #3: FOOD COST VOLATILITY AND WASTE

PROFIT KILLER #4: FIXED OVERHEAD EXPENSES

PROFIT KILLER #5: INTENSE COMPETITION AND PRICING PRESSURE

*****

Are you struggling to generate consistent, predicatble 20% profit in your restaurant?

Let's talk about the power of the P3 Mastermind:

https://www.restaurantstrategypodcast.com/schedule

Jaksot(539)

The Death of Discounts (ENCORE)

The Death of Discounts (ENCORE)

#490 - The Death of Discounts (ENCORE) *****  This week's episode is brought to you by: MARGIN EDGE Take control of your costs with using MarginEdge. Best of all? No contract. No setup fee. Free and u...

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Play By the RULES to Stay in the GAME

Play By the RULES to Stay in the GAME

#489 - Play By the RULES to Stay in the GAME  ***** Dr. James Carse wrote about this years ago: https://amzn.to/4o7uVce Simon Sinek expanded on the subject and modernized the lessons: https://amzn.to/...

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How Much Should You Spend on Marketing?

How Much Should You Spend on Marketing?

#488 - How Much Should You Spend on Marketing? *****  This week's episode is brought to you by: MARGIN EDGE Take control of your costs with using MarginEdge. Best of all? No contract. No setup fee. Fr...

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45 Insights to Celebrate My 45th Birthday

45 Insights to Celebrate My 45th Birthday

#487 - 45 Insights to Celebrate My 45th Birthday ***** Special shout-out to Codie Sanchez, host of the Big Deal Podcast. She released an episode with this format just a few weeks back and it inspired ...

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How to CRUSH with Community Events

How to CRUSH with Community Events

#486 - How to CRUSH with Community Events *****  This week's episode is brought to you by: MARQII  MARQII is your one-stop-shop for listings management and reputation management. Collect reviews in on...

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A 6-Step Leadership Framework with Coach Sal Rotolo

A 6-Step Leadership Framework with Coach Sal Rotolo

#485 - A 6-Step Leadership Framework with Coach Sal Rotolo ***** This week's episode is brought to you by: DAVO Automate your sales taxes using DAVO BY AVALARA. The software integrates with most POS s...

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Marketing is About Standing Out in a Noisy Marketplace

Marketing is About Standing Out in a Noisy Marketplace

#484 - Marketing is About Standing Out in a Noisy Marketplace *****  This week's episode is brought to you by: MARQII  MARQII is your one-stop-shop for listings management and reputation management. C...

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Popmenu Co-Founders, Brendan Sweeney and Tony Roy

Popmenu Co-Founders, Brendan Sweeney and Tony Roy

#483 - Popmenu Co-Founders, Brendan Sweeney and Tony Roy *****   This week's episode is brought to you by: DAVO Automate your sales taxes using DAVO BY AVALARA. The software integrates with most POS s...

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