Restaurant Ownership
How To Cope And Succeed In This Wild Restaurant Real Estate Market
Everything starts with real estate – and I have never seen a restaurant real estate market like this: The days of landlords chasing you down to do deals are a distant memory, like telephoned restaurant reservations and hard-wired internet. Among my clients, the more established brands are … Continued
The Value of Making Radical (and Not-So-Radical) Changes At Your Restaurants
Next year, passengers on Southwest Airlines flights will be able to find their assigned seat and, for an upcharge, get to luxuriate in an extra 5 inches of legroom – just like they do now on Delta, American, and United. The days of open seating … Continued
10 Impactful Areas Restaurateurs Need to Focus on Now
Wow! It’s already that time of year again: with your kids either excited for or dreading going back to school. While kids and teachers face the results of their “summer brain drain,” now’s a good time to remember that learning happens outside of school, too. … Continued
How the Great Become Even Better Through Coaching
Michael Jordan and Tom Brady had coaches. The CEO of Ford has a coach – I’ve met him (the coach, not the CEO!). However successful you’ve been, and no matter how talented you are, coaching will bring out even more from you. So, who coaches … Continued
Only 3 Worthwhile Places to Look When Developing a Healthy Restaurant Business
Do your guests smile, feel happy, enjoy their meals, and tell their friends about that? Do your financial statements appear predictable and healthy – making you proud? Does your culture deeply permeate your restaurants every unit, every shift, every table, every time? Do your people … Continued
What I Said at The Texas Restaurant Show About Retiring in Place
I am just back from another great Texas Restaurant Show where I spoke Saturday at the TRA/Morgan Stanley pre show Investment Boot Camp about 5 ways to finance restaurant company growth and on Sunday on the show floor Innovation Stage about the Silver Tsunami, unlocking opportunities with … Continued
Meet Me This Weekend at the Texas Restaurant Show!
At the Texas Restaurant Show this weekend at the Henry B. Gonzalez convention center in San Antonio – on Sunday, July 14, I will be part of an all-star team talking about “Silver Tsunami: Unlocking Opportunities With Restaurant Owners Who Want to Sell of Step Back”. It … Continued
How to Steal Valuable Lessons From That $6 Salad Place
I admit it: I’m fascinated by Salad and Go’s business. It’s a QSR with no dining rooms, a footprint as small as 750 square feet, core menu items in the $6-$7 range, and an AUV north of $1MM. In all, they’re about as different as possible from … Continued
Ten Places To Look Now on the Road to 20% Profit
Every restaurateur I know wants to either make 20% profit at the unit level or, if they don’t, they want to know why their restaurants don’t make profit at that level. They have heard the overworked saying that restaurants operate on “razor-thin margins.” Of course, … Continued
Is the Silver Tsunami the Exciting Time for Your Next Phase in Life?
What’s your plan as the “Silver Tsunami” hits? We can figure that out together when I speak at the Texas Restaurant Show on Sunday, July 14. What’s the “Silver Tsunami”? It’s the mass sell-off (or reimagining) of great companies that were started by baby boomers in the 70s, … Continued
Improve Your Restaurants and Your Life On Summer Vacation 2024
I have never heard any of my clients (or anyone I know) say, “I took too many vacations this year and my business really suffered.” What I have heard: Your Summer Vacation Season 2024 This week marks the kickoff for summer vacation season, and, if … Continued
Top 10 Ways Successful Restaurant Owners Flourish Now
Restaurant Owners Success Club is a connected group of multi-unit restaurant owners who meet with me virtually to gain from my overview of what is happening in the industry, learn things to do now, compare notes on revenue and employee retention trends, and dive deeply and … Continued
How to Use Spring Break to Strengthen Your Restaurants
Wow! Next week’s calendar says, “Texas Spring Break” already. That means the time for owners of successful independent restaurant companies to get out and enjoy the success they have earned is NOW – not when they retire or sell (if they ever do). Last month, … Continued
How to Claim Personal Freedom Beyond Your Restaurant Walls
I was having a drink with one of my clients and we were talking about the roles he and his wife were taking in their own business—which was very successful by any measure. They were working a lot. A lot. And seemingly forever. “We’ve decided … Continued
Never Play the Victim, Instead Develop Your Restaurant Business
Every restaurant closing or personnel change has a backstory you never read about in a magazine. So much goes unsaid and unprinted. As an insider, I know. You may, too. Challenges in the Restaurant Industry I have heard a lot of talk and read a … Continued
Restaurateurs Take Advantage of the Freedom You’ve Earned
Are you working hard this holiday season – feeling the frustrated pull of your family asking you to peel a few days here or there so everyone can be together? Or are you more like many of my clients, who have structured their business so … Continued
How Restaurant Owners Take Control of Their Customizable Life
Live your own life, not someone else’s. Customize your life. You have the power to do that. Most people who don’t feel they have that option would be shocked that you don’t choose to take advantage of it. Do This Now I can hear … Continued
How the Great Restaurateurs Become Even Better Through Coaching
Michael Jordan and Tom Brady had coaches. The CEO of Ford has a coach – I’ve met him (the coach, not the CEO!). However successful you’ve been, and no matter how talented you are, coaching will bring out even more from you. So, who coaches … Continued
Improve Your Restaurants Big Time by Taking a Buyer’s Perspective
If you want to really improve your restaurants and your restaurant company, act like you just bought it. Instead of looking at it like the founder, developer, and shepherd you have been for years (or decades), look at everything with new eyes. When I begin … Continued
How To Find Your Restaurant’s Focus and True Calling
If I asked you, “What kind of company do you own and operate?” how would you answer? Would you say, “A restaurant company”? Maybe if you’re a wise guy, but it doesn’t give me or you a whole lot to work with. It reminds me … Continued
How the Best Successful Restaurateurs Don’t Just Go It Alone
For many of my most successful clients, it might have been several years – or even several decades – since they’ve worked in a company that wasn’t their own. That can result in a lack of perspective that holds them back. And sometimes, “It’s lonely … Continued
As Guest Habits Return, Focus on Independent Restaurant Strengths
In the history-spanning and never-ending competition between chain restaurants and independents, the conditions for independents today look more favorable than at any time since before the pandemic. Why? Because chains can’t create the memorable and authentic experiences the independents can. And those are the experiences … Continued
Don’t Look Now, But Restaurant Owners Actually Feel Stable and Optimistic
It turns out the roller coaster CAN go up! My clients are starting to feel like the economy and the restaurant industry are finally stable for the first time after recent years where the roller-coaster only seemed to go down. This is leading to (dare … Continued
How the Best Restaurant Operators Make Adjustments at Halftime 2023
While you still have the power to impact restaurant results in 2023, use it. At this point in July, you’ve had enough time to digest your company’s results for the first half of the year. Did you exceed plan? Did you fail to meet plan? … Continued
How to Nail Enrolling and Retaining Talented Restaurant Management
Everyone at the recent Texas Restaurant Show in Houston produced by the Texas Restaurant Association wanted to know how to find, keep, and grow managers. Why? Because it’s vital – especially when operators are forced to fish out of a talent pool that’s even shallower than the kiddie … Continued
Let’s Talk About How to Elevate Your Restaurant Workforce to Match What Your Pay Them
As a young nightclub owner, I would get a physical feeling of excitement and adrenaline every year after Christmas – along with a sense memory reminding me that New Year’s Eve, the biggest night of the year, was about to happen. Now, after decades of … Continued
How to Use Your Superpowers to Solve Recurring Restaurant Problems
Part of our DNA can also become a dilemma. In the dining room, we have the superpower of peripheral vision: a hyper-awareness when a guest is in peril. At Brinker International, they call it “GWAP” (guest with a problem). Over time, we learn how to … Continued
What the New York Times Doesn’t Know About Your Independent Restaurants
I nearly spit out my cornflakes, sitting at the breakfast table on my deck recently, as I read the headline on the home page of the New York Times: “For Diners With Deep Pockets, Dallas Is the New Dubai.” First of all, Dallas is not … Continued
Give Your Restaurant Business More When You Get Away This Summer
One of the most important and underrated aspects of success? Your ability to get away. Even before we start working together, my clients tend to already be successful beyond their wildest dreams. Together, however, we make their businesses and lives even better. Birth of the American … Continued
Restaurateurs – Know How to Show Up and Create Fantastic Results
The most successful restaurant owners I know use three different methods to move initiatives forward. Which one to use? That’s the question. Figuring out the answer to that question demonstrates a leader’s greatest value, since everyone and every issue has its own set of requirements, … Continued
When Your Restaurant Journey Requires New Approaches
You’d think that – when I start working with successful multi-unit restaurant companies looking to improve – matching their strengths with what they need would be easy. But experience tells me that thinking differently, along with new approaches, not old ones, make for successful growth. … Continued
Restaurateurs Don’t Fall Into the Trap of Losing Guest Focus
Once, at a client’s weekly operations meeting, I waited and waited to hear someone speak the word “guest.” I heard about production, maintenance, organization, policies, personnel, money, and training. Surely, one of the 10 experienced managers at this mature, legacy-brand, high-volume unit would talk about … Continued
How Top Restaurateurs Look Back to Q1 and Ahead to the Future
Take a look back all the way back to the beginning of the year. With the first quarter just ending, my best clients take stock of what they’ve achieved. Then, they adjust to ensure they have a great 2023 – no matter how they started … Continued
To Understand Restaurant Success, Look to the Future
Where do you go for advice on building confidence, concepts, loyalty, professionalism, and taking smart risks? You go back to high school. The Texas ProStart High School Competition Recently, as part of a team of 25 restaurant industry leaders, I continued my streak of judging … Continued