Restaurant Development+Design November/December, 2015 By: Matthew Mabel Choosing the right site — one that is optimal for your concept, the right location for your customer base and at the right time for the place — is paramount to your success. Site selection is about more than just the viability of the unit you intend to … Continued
Nothing ever happens until somebody sells something . . . right? It’s a universal concept that’s been around for so long that nobody really knows who said it first. These days, that wise old sage would have gotten a service mark. Here’s the question: What are you selling? Want to achieve business success and personal life … Continued
In successful businesses, if you stop any team member and ask, “What are you focused on right now?” you are likely to hear the very same answer from everyone. Next . . . you meet the business owner and ask, “How does your business fit into your life?” Not only do you get a clear answer, but it is delivered with excitement, happiness and … Continued
Conventional wisdom often spouts off about razor-thin margins in the restaurant business. Our industry is perennially found on the list of the least profitable businesses, and media accounts are filled with information on how unprofitable restaurants are compared to say, law firms. In their 2015 Issues and Advocacy Agenda, the National Restaurant Association leads with this, saying, … Continued
If you own successful restaurants, you should be having fun with your business and be able to live your life with a great deal of freedom. Restaurateurs are idolized. To the outsider, owning restaurants does not really look like a job. It’s easy for people to fantasize about what it would be like to live that … Continued
“The P&L is really not important here anymore.” There, I said it. Around the table were some confused and shocked faces. The best businesses are doing well, but they know they can do better. Having a predictable financial statement and a budget they meet or beat every period indicates they are in that stage. So … Continued
One of my clients leaned into a group of his colleagues where I was sitting at a roundtable recently. He peered over my shoulder, and said in a mock comic tone, “Somebody has drilled the importance of PPA into me.” I could not see his face, but I knew he was smiling. I smiled, too. … Continued
Right about now, most business owners are reviewing their financials for 2014 and taking stock of success for last year and opportunities for 2015. But assumptions about what happened last year may be flat out wrong. What really happened? What are the facts behind the numbers that will dictate management activity to truly increase results and the … Continued
Rockwall High School won this year’s Texas ProStart Restaurant Management competition. Here are five reasons why: They used humor and enthusiasm to portray their ideas. They were through, detailed, committed, thoughtful and comprehensive. They solved all aspects of a problem, not just one part. They established a clear protocol for problem solving. They were creative, … Continued
It is human nature to want to influence government in whatever direction you think would be best for you and the people you care about. What I have noticed is that whatever the government throws at business, sometimes beneficial, sometimes not, companies react and respond with intelligence and creativity to make the best of it. … Continued