Profitably is Priority #1 for Your Restaurant

 In 1. David Scott Peters, budget, Employees, Leadership, Operations, The Numbers

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 counting on him or her.

I am a restaurant expert, teaching my SMART systems to independent restaurant owners all over the world. I teach through speaking engagements, training workshops, special seminars and coaching sessions.

My primary business goal is to help independent restaurant owners not only survive, but thrive, in the sea of chain restaurants by focusing on restaurant operations.

So many independent restaurant owners get into business because they have a passion for food, for service and they’ve had a dream of creating the perfect restaurant. For these owners, making money was the side benefit, just so long as they could fulfill their passion for food and interaction with customers.

I help restaurant owners see that running a restaurant is actually about making money, not about winning a popularity contest or giving money to charity. But when it’s done right as a business, the dream can be accomplished as well.

Whatever the reason for opening a restaurant, many independent restaurant owners are missing the fundamental tools they need to run a profitable business.

I’ve seen restaurant owners who love their employees so much, they’ll go into debt or dip into retirement funds to make payroll. They don’t want their employees not to have a job, even though the business is losing money and won’t be around for long-term employment anyway.

So here are my words of wisdom on this subject…

  • If you’re an independent restaurant owner, you have a responsibility to run a profitable business.
  • You have a responsibility to your employees to offer them gainful employment so they can feed their families.
  • You have a responsibility to you, your family and your investors to run a profitable restaurant, because that’s how you pay your bills, keep a roof over your head and create a strong financial future.
  • You have a responsibility to your customers, to whom you provide a product and service that fills a need in your community.

With this in mind, put SMART systems in place that make your restaurant run smoothly and profitably. You need to make smart business decisions based on turning a profit.

This simple shift in thinking can put you on a path to restaurant success almost overnight.

How do you see your business?

For more information about how to make your restaurant profitable, download our free reportBreaking Away from the Insanity: How to easily take control of your restaurant and make more money.

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