Restaurant Ownership

Why Top Owners Order To-Go from Their Own Restaurants

September 28, 2020

Restaurateurs who barely gave a thought to to-go and delivery before this year are now relying on them to help their restaurants produce any kind of revenue approaching historical norms. For that to happen, though, customers need to perceive your to-go and delivery as fast, … Continued

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How Smart Restaurateurs Use Cash Flow Numbers to Protect Their Future

September 21, 2020

When you log on to your favorite news site to see that 25% or 40% or 85% of restaurants will not survive this mess, you feel depressed and downright disturbed. (By the way, I predict the lower number.) As of today here in Texas, though, … Continued

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What to Do if Your Restaurant Gets – or Doesn’t Get – a PPP2 Loan

September 14, 2020

Qualifying for a potential PPP2 loan is critical to survival planning. Congress is working with a formula where  PPP2 loans, if they happen, reward people who could not (or did not) open after the shelter-in-place orders – or had central business district or tourist locations. … Continued

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Smartest Thing Restaurateurs Can Do on Labor Day 2020

September 7, 2020

2020 has taken its place as the best year of our lifetimes to honor the American worker.  Like everything else, Labor Day has taken on the personality of what we got this year-not what we typically encounter.   With no experience to fall back on, … Continued

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How Top Restaurateurs Get Off the Sidelines Before They’re Sidelined for Good

August 31, 2020

Any restaurant owners out there who want to feel better? If so, I recommend spending some time right now improving your restaurant company with the future in mind. Restaurant owners who live in the middle (or wherever we exist now) of this pandemic feel a … Continued

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Why Crisis Response Mode is Holding Your Restaurant Back

August 24, 2020

Welcome to a new phase of dealing with the pandemic. More and more lately, owners of multi-unit restaurant groups tell me about how they spend their time – and what that time yields right now.  When this all started in March, restaurateurs were shocked into … Continued

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Restaurateurs: Stream Me Wednesday and Learn How to Talk to Guests, Employees (and Yourself) Now

August 17, 2020

TRA Marketplace started yesterday. If you missed the first day, don’t panic! This year, it runs for six days – and, even better, it’s virtual and free. You can still register here so you get to log on, explore, and learn. Participate this year – don’t be a … Continued

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The Most Important Virtual Place Restaurateurs Need to Be Next Week

August 10, 2020

If you could take a time machine back to early March, you probably wouldn’t recognize yourself, your guests, or your employees. Remember that carefree childhood? The COVID-19 crisis has changed us all. We are living through one of the toughest times we will ever face … Continued

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Why Independent Restaurants Beat Chains in the Race to Survive the Pandemic

August 3, 2020

You may have heard the opinion that, when this crisis ends, chain restaurants will still be standing, but independents will be gone. That idea is supported by the Independent Restaurant Coalition (IRC), which says 85% of independent restaurants will fail.   That 85% number may … Continued

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Restaurateur’s Guide to Summer Vacation 2020

July 6, 2020

You’ve just finished the weirdest July 4 of your life. In a normal year, all you would have had to deal with was Independence Day falling on a Saturday – something that wreaks havoc with your sales even in a good year. But on top … Continued

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How Restaurants Rebound by Asking Guests These Questions

June 22, 2020

The pandemic has completely changed the mindset of restaurant guests. It’s like you went to sleep on a beautiful summer night and woke up in the middle of the winter and there is frost on the ground.  The restaurant groups that listen to and react … Continued

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3 Most Important Keys to Stabilizing Your Restaurants

June 15, 2020

These days, owning restaurants feels like the scene in the horror movie where the most dangerous demon has been vanquished. For the first time, the protagonist sees an inkling that better days are coming. But they just can’t forget about that demon. An essential aspect … Continued

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The 4 Habits of Restaurateurs Who Will Successfully Navigate This Mess

June 1, 2020

Some of my friends were asking me about the restaurateurs who have joined my Restaurant Survival and Success Club – the group coaching offering I started to make sure restaurant owners can survive, stabilize, and dominate their segments when this mess is all over. “How will … Continued

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Don’t Make the Mistake of Paying Full Restaurant Rent During This Crisis

May 26, 2020

Quick, what does a square foot of restaurant space in a major market in America lease for right now? Bet you never thought you would be unable to answer that question – but no one knows. But everyone will find out soon. Just another one of … Continued

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The One Thing Restaurant Owners Must Do to Survive This Crisis

May 18, 2020

Over three seasons of Ozark on Netflix, Jason Bateman’s character Marty Byrde has always seemed a minute or two from death because of his career choice to be a money launderer for a drug cartel. He actually does surprisingly well considering the situation. But you? You are … Continued

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Why Top Restaurant Operators Now See Guests and Employees in a Completely New Way

May 11, 2020

This COVID-19 crisis constantly throws new things at you that you’ve never even thought about. The most successful operators – the ones who will navigate through this and dominate their segment – listen to employees and guests every day to understand the smart next move.  … Continued

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Why Top Restaurateurs Must Reinvent Themselves to Survive This Crisis

May 4, 2020

Restaurants that were just doing OK (or worse) before the COVID-19 crisis will probably end up closing for good – and I don’t think we can save them. It saddens me to write that. Conversely, restaurants that entered this crisis producing great results, and had … Continued

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How COVID-19 Exposes Weakness in Your Restaurant Organization

April 27, 2020

COVID-19 has exposed weaknesses in our society: the lack of a coordinated national health care policy, no national sick leave program, and two political tribes that don’t even see the same facts – let alone work together on solutions to our problems. Similarly, if you … Continued

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Two Things You Must Do Now to Prepare for Partial Use of Your Restaurant’s Dining Rooms

April 20, 2020

What will the rules be when our dining rooms, partially at first, open? We don’t know. But we’ve got to be ready. Whoa! Looks like an exercise in planning from business school. Correct. This pandemic schools you.    Public Health Comes First I watch California … Continued

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Do This Now to Hold on to Your Restaurant Employees and Business

April 13, 2020

During this crisis, how well you connect to your active and furloughed employees will define your culture for years.  It will make the difference between having a bonded and enthusiastic workforce rather than one that feels bitter and neglected – and then looks elsewhere for … Continued

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Most Positive Thing To Do Now for the Future of Your Restaurants

April 6, 2020

When the day comes – when you can legally operate your dining room again – you’ll be relieved, exhausted, and excited. Focus on that day now. Really. Now.  The Opportunity of a Lifetime  How you re-open your restaurants will dictate how much success you experience … Continued

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How to Cope and Know Your Restaurant Business Will Survive

March 30, 2020

It started with the feelings we share with people around the world about the COVID-19 threat: shock, grief, disbelief, and fear. And it continued with the undercutting of our belief that working hard, staying smart, and continually improving our businesses would mean continued success. It … Continued

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What to Do Next to Protect Your Restaurants in the Age of Coronavirus

March 19, 2020

Here is what I am telling my clients now about surviving this crisis and keeping people working when it passes.  If you operate in an area where you can only offer to-go and delivery, take a short period of 10 days (over two weekends) to … Continued

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How to Protect Your Restaurants in the Age of Coronavirus

March 13, 2020

In normal times, we avoid talking about safety. After all, why would we want to take guests’ mindset away from the positivity of their experience in our restaurants? But now, with no basketball games? No flights to Europe? And your college kid learning online because … Continued

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The Little Known Golden Rule That Gives Restaurateurs What They Want

March 9, 2020

I have never met a restaurateur who does not want people to take more ownership, action, and responsibility. But I have met plenty who sabotage themselves every day by actively working against that goal. Many owners of successful independent multi-unit restaurant companies do not yet … Continued

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How Superstars Separate The Best Restaurant Operators from Everyone Else

March 2, 2020

You don’t win an NBA championship without superstars. You don’t expect a movie to open strong and gross $500 million or more without the most popular actors. And you won’t ever own the best restaurant company without a few superstars of your own. Only the … Continued

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Don’t Repeat the Biggest Mistake Made by Multi-Concept Restaurant Operators

February 24, 2020

The best way to run your second (or third of fourth) concept? Not the way you ran your first. The number one thing restaurateurs get wrong when operating multiple concepts? They superimpose their original concept’s corporate team onto their new one – when maximizing the … Continued

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Restaurateur’s Guide to Overcoming Fear of Growth

February 17, 2020

In our industry, there’s a lot of talk about brands that grow too fast. I recently wrote about that here. Meanwhile, we don’t talk nearly as much about brands that have the opportunity to grow, but grow too slowly – or don’t grow at all. Those … Continued

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The Real Reason Your Restaurants Are So Much Better Than Your Company

February 10, 2020

When I was growing up, my family ate in a lot of restaurants. A lot. And to me, those restaurants were organized and efficient businesses where everyone knew what to do and things ran smoothly.  Like where my father, an officer in a Fortune 500 … Continued

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Why Accountability Is the Unexpected Key Ingredient for Restaurant Growth

February 3, 2020

What is it that kills great plans? Organizations with a lack of accountability. Restaurateurs often start off with big and exciting ideas, fantastic talent, and a great grasp of what they need to grow their business. Ideas, plans, and programs become the wish/vision/dream boards of … Continued

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Three Ways Restaurateurs Can Profit from a Downturn

January 27, 2020

Since the Great Recession, we’ve seen over 10 years of economic expansion. That means there are a lot of successful operators out there who have never known anything but good financial times. But they’re like the doctors who graduate from medical school without a business … Continued

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How Much Restaurant Profit Is Enough?

January 20, 2020

“Why isn’t my restaurant making 20 percent?” I hear this plaintive cry from many frustrated restaurateurs who have heard about that number and – since they’ve heard about it – think they must be entitled to it. Some of my clients’ own restaurants make over … Continued

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Three Early Warning Signs Your Restaurant Company is Growing Too Fast

January 13, 2020

You’re out over your skis – going too fast and getting ahead of yourself. You own a successful independent multi-unit restaurant group and your ability to sign leases is outpacing your organization’s ability to perform. Future projections? Dazzling. But you have zero track record at … Continued

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Five Essential Restaurant Predictions for the New Decade 

January 6, 2020

Welcome to the 2020s!   If you want to make outstanding business decisions, you need to know what’s coming next. So, what will we be dealing with over the next 10 years? I have a few predictions.  1. Rent and Food Delivery Expenses Will Go … Continued

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The Five Best Things I Told You This Year…and Why

December 30, 2019

I’ve gone back and chosen five especially popular or meaningful posts from this year – the ones my clients, owners of successful multi-unit independent restaurant companies, said benefited them the most.   So, as 2019 turns into 2020, take a moment to see how they … Continued

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