The year is quickly approaching the end. How time flies! If you haven’t started to make plans for next year, then now is the time to start!
Piss poor planning produces piss poor results. It’s not too early to get ahead of your competition. The outstanding restaurants are already making plans.
To get you on the path to an incredible year, here are 10 rules you will want to adopt into your plan for the next year. These are rules you need to put into action, they re not merely suggestions. You can either prepare for the upcoming restaurant storm (which in some markets is already here) or you can just keep doing what you are currently doing. Just be prepared to watch your market share get smaller each year if you do not take new action. One is a smarter mover and the other, well...not so much.
1. Know your Numbers
Of all the sins in the restaurant business, this has to be one of the most common. Not knowing your numbers. Why? Because you haven’t decided to run a business yet. Of course not knowing your numbers is not a crime (it should be), it’s more psychological.
By not stepping up to be the true leader and becoming financially accountable for the P&L you are sending out the message that you don’t own (run) a business....you just have a hobby. A very expensive hobby. Hobbies don’t stay in business very long.Read More