Your Responsibility as a Restaurant Owner

What is your responsibility as a restaurant owner? You have a responsibility to yourself, your family, your community and your employees to run a profitable restaurant. So many independent [...]

Use Descending Dollar Report to Lower Food Cost

Want to reduce your food cost by 3-5% buying the same products you’re buying today? I’m going to show you how. In this video I explain which report to order from your distributor to [...]

What Is Your Restaurant’s Ideal Prime Cost Makeup

I bet you’ve heard that a typical restaurant makes a nickel to 8 cents on every dollar they bring in. I bet you’ve heard about the study Ohio State University did more than a decade ago where [...]

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 [...]

Owning It Doesn’t Mean You Can Lead It

By David Scott Peters I recently talked to a franchise owner of a fast-food chain, and he asked me, “So, what do you think is a restaurant’s greatest challenge to being successful?” I say the [...]

How to Schedule Restaurant Managers

What is the restaurant managers’ schedule supposed to look like? Let me outline how we get there, starting with coverage. 1) Count how many shifts the restaurant operates. For example, if the [...]

Your Profitability is A Simple Word Problem

There is one, and really only one, system that ultimately is the key to your restaurant running profitably. And that simple system is so easy even a junior high school student could follow it. [...]

5 Easy Menu Changes to Make More Money

As you look for ways to make more money in your restaurant, there are many tools you can use to influence purchasing behavior of customers in your restaurant. Here are 5 easy things you can do to [...]

The Math Behind Your Restaurant Profits – Part 1

By David Scott Peters Restaurant Tip of the Week Formulas give consistency to pricing. Many of the financial relationships necessary to develop an effective pricing structure can only be derived [...]