Overcoming Increases in Minimum Wage in Restaurants

Let me start off by being very clear… this is not a political article, it’s a business article. I don’t care what side of the political fence you live on, my goal is to teach you what you need to [...]

Restaurant Prime Cost Formula

  The restaurant prime cost formula is the most important calculation in your restaurant. I bet you’ve heard that a typical restaurant makes a nickel to 8 cents on every dollar they bring [...]

Make More Money in Restaurant Business

Are you asking yourself why you can’t seem to make more money in the restaurant business? Did you always want to run a restaurant and make great food to create great experiences and [...]

Examples of How Not to Give Comps in Your Restaurant

There are many examples of how not to give comps in a restaurant. In a recent article about setting a budget for comps in a restaurant, I outlined how to use comps correctly in a restaurant, [...]

How to Set a Budget for Comps in Your Restaurant

  In the hospitality industry, comps happen on a routine basis. We see a regular at our bar and sometimes just buy them a drink to thank them for making our bar their home away from home. We [...]

Tips for Using a Restaurant Budget

Most all independent restaurant owners use their “gut” to budget their restaurants instead of the real numbers. I’m here to tell you that it’s not enough. Your restaurant budget is a guide to [...]

5 Myths About Running Your Own Restaurant

Be it a fine-dining experience, or a quaint coffee shop, opening and running your own restaurant is a dream for many. Whether you’re fresh out of college, full of drive and passion, or you’ve [...]

The Trick to Knowing the Correct Restaurant Pour Cost

If your restaurant pour cost is too high but you don’t know where to cut off the bleeding, watch this video. If you often order too much product and experience it spoiling, this video is [...]

The 1 Number You Must Know to Make Money in Restaurants

If you’re struggling to find a way to make the money you deserve in your restaurant, then this video is for you. David teaches you the one number you must know to make money in the [...]

How to Use a Budget to Predict Restaurant Profitability

If you wish you could make more money in your restaurant, let me tell you how to use this system: a restaurant budget. Have you ever said this? “I don’t need a restaurant budget. I know my [...]

DOL’s Final Rules Updating Overtime Exemptions Affects Restaurants

By Shelby Lile Attorney, Gust Rosenfeld On May 18, 2016, the Department of Labor (DOL) announced its final rule updating overtime exemptions. The rule will affect white collar workers, or those [...]

3 Parts of a Restaurant Owner’s Job

Hey there, restaurant owner, I have a question for you. What is a restaurant owner’s job? What should a restaurant owner be working on? I hope you don’t tell me: Working the line [...]

Safeguard Your Restaurant’s Cash Flow

If you want to protect your restaurant’s cash flow, run a successful and profitable restaurant where guests come to enjoy a great meal and experience, and where your employees enjoy coming [...]

Restaurant Labor Budget Is a Moving Target

Before I dive into this topic, let me say this: if you don’t have a working budget with a name to every dollar you spend, you need one before the rest of this will work. We would love to help [...]

4 Things Restaurant Owners Should Never Say – Redux

Everyone has a phrase that when they hear it, they just want to go nuts. For me, there are four phrases that are like nails on a chalkboard. And I probably hear one of these phrases on a weekly [...]

The Importance of a Budget

Have you ever said this? “I don’t need a restaurant budget. I know my numbers.” You certainly aren’t the first restaurant owner to say it. And for some reason “budget” is a bad [...]

My Top 10 Lessons Learned

  By David Scott Peters In celebration of the past 10 years, here are 10 key lessons I want to share with you. I’ve picked these up along the way from all the incredible people my team and I work [...]

Cut Food Costs at this One-Day Seminar

  Restaurant Seminar Teaches Systems and Shortcuts Independent restaurant owners invited to learn ways to cut costs and increase sales What: Controlling the Most Important Number in Your [...]

Four Things Restaurant Owners Should Never Say

Everyone has a phrase that when they hear it, they just want to go nuts. For me, there are four phrases that are like nails on a chalkboard. And I probably hear one of these phrases on a weekly [...]

Profitably is Priority #1 for Your Restaurant

As a restaurant owner, your top priority for your restaurant is to be profitable. These are my unyielding words of advice for every independent restaurant owner who forgets all the people [...]

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