January 2nd. The doors open and nobody has written a labor target or food cost goal on a whiteboard anywhere in the building.
The whole plan is to work hard and hope it works out.
Hope is not a financial strategy. An imperfect forecast beats no plan every single time.
Most restaurant operators think they have an accounting problem when they really have a clarity problem.
Clean books are not the goal. Better decisions are.
In my latest article, I explain why so many accounting software projects fail:
๐https://t.co/myGhlg7fwB
We all know someone who lost 50 pounds overnight.
Years ago, we would have asked how.
Today, we assume the answer is Ozempic.
My latest article:
"There Is No Ozempic for an Overweight Business"
https://t.co/uIwpwde98J
Most restaurant operators donโt fail from lack of effort
They fail because they never had a real read on their business until it was too late
I learned that the hard way
45 years later, I built the company I wish I had
Hereโs what that looks like ๐
https://t.co/d4TwSMVWKi
Thinking about opening your next restaurant?
If your books arenโt clean, growth wonโt fix the problem, it will multiply it.
Most operators donโt need more strategy. They need better financial vision.
Know before you grow.
Read more: https://t.co/6PnZYmE2RP
https://t.co/qkjx0dBrEA
For decades weโve been told automation would eliminate work.
Instead, many of us now spend our evenings uploading documents, navigating portals, and feeding the system.
Did automation really save laborโฆ
or just move it?
Read my latest:
https://t.co/oY2WwWf35M
The biggest cash flow problem in restaurants usually isnโt on the income statement.
Itโs on the balance sheet.
And sometimes when you hire an expert, what you really get is a mirror.
New essay ๐
https://t.co/z2mYfeOoZh