Restaurant Ownership
Two Things You Must Do Now to Prepare for Partial Use of Your Restaurant’s Dining Rooms
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
Do This Now to Hold on to Your Restaurant Employees and Business
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
Most Positive Thing To Do Now for the Future of Your Restaurants
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
How to Cope and Know Your Restaurant Business Will Survive
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
What to Do Next to Protect Your Restaurants in the Age of Coronavirus
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
How to Protect Your Restaurants in the Age of Coronavirus
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
The Little Known Golden Rule That Gives Restaurateurs What They Want
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
How Superstars Separate The Best Restaurant Operators from Everyone Else
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
Don’t Repeat the Biggest Mistake Made by Multi-Concept Restaurant Operators
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
Restaurateur’s Guide to Overcoming Fear of Growth
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
The Real Reason Your Restaurants Are So Much Better Than Your Company
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
Why Accountability Is the Unexpected Key Ingredient for Restaurant Growth
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
Three Ways Restaurateurs Can Profit from a Downturn
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
How Much Restaurant Profit Is Enough?
“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
Three Early Warning Signs Your Restaurant Company is Growing Too Fast
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
Five Essential Restaurant Predictions for the New Decade
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
The Five Best Things I Told You This Year…and Why
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
Three Roadblocks on Your Way to 10 Restaurants
My clients’ DNA must be filled with a longing for growth. At best, this growth adheres to a plan. At worst, owners act like hungry, unruly, science-fiction monsters who can never be satisfied, and grow haphazardly because of it. All of the best restaurateurs I … Continued
Stop Restaurant Franchising Dreams from Becoming Nightmares
Restaurateurs often contact me, thrilled they have one or two promising-looking units. In their mind they have made a fantastic leap toward having a national group of franchisees that provides them incredible mailbox money with lots of zeros they no longer have to work for. … Continued
OK Xers, OK Millennials – Let’s Build the Strongest Restaurant Companies
Compared to where restaurateurs from my generation were when they were in their 30s and 40s, today’s restaurateurs at that age are crushing it! When I work with them, I convince them to move with higher velocity and take advantage of all their ideas, experiences, … Continued
Why Data Fails in Verifying True Restaurant Success
If the only way you prove your restaurant’s continued success and competitive advantage comes through using data, that’s perilous. That’s because the most important things in our industry are hard to measure: Culture Morale Guest happiness Service Sure, we have spent a lot of … Continued
Leaving Your Restaurant Comfort Zone to Achieve Success
The thing about procrastinators, commitment-phobes, and last-minute people? They don’t know what they are missing. Many of my clients – successful owners of independent restaurant companies – take more than their time in making decisions. Some of them simply hate to make decisions, because making … Continued
Three Proven Accountability Rules That Raise Restaurant Performance
Your grill cook – the person who prepares that steak exactly to temperature – has a better sense of balance on the grill than you do on accountability in your restaurant. To the visionaries who start their organizations and become the successful multi-unit independent restaurateurs … Continued
Restaurateurs: Own Today Like You’re Selling Tomorrow
Always run your restaurants like you are planning to sell them. When someone sells their house, they prepare it to appeal to buyers. They touch up chipping paint, clean stains off the hardwood floors, and plant the nicest flowers in the front yard. That cracked … Continued
Three Signs Your Restaurant Is Not Unique Enough to Stand Out
“Believe me: I’m extremely aware that I compete with everyone in my segment—and most of the people in the other segments, too!” I often hear those words from people like you: successful owners of multi-unit independent restaurant companies. They live their lives as if everyone competes with … Continued
Restaurateur’s 30 Hour Work Week Challenge
If you worked a 30-hour week, what would you do with the extra 10 or 20 hours you just gave yourself? “Oh, I have a big list – can’t wait to be there. And I’m thinking about calling Matthew so I can be there sooner.” … Continued
10 Ways Restaurateurs Give Themselves a Raise
When was the last time you gave yourself a raise? The one you earned for increased performance. I meet a lot of well-known restaurateurs who proudly and confidently identify their businesses as “great.” They’re so great that, at first, they don’t even know why they … Continued
Restaurateurs This is the Most Important Thing to Do on Labor Day
It’s Labor Day – the holiday dedicated to the American worker. Many people don’t think about the meaning of the day (if they ever knew it in the first place). And that’s what happens to a lot of our holidays. They morph into days of … Continued
Restaurateurs: Stop Hiding and Seek Your Greatest Restaurant Success
People think that what got them started will continue to be a foundation of their future scaled success. Those people are wrong. When you add something you did not have at the beginning – when everything was new and exciting – you create phenomenal success … Continued
The Surprising Reason Overly Dissatisfied and Overly Satisfied Restaurateurs Have the Same Problem
Are you overly dissatisfied – feeling things could be better, but not quite sure how to make them better? Or are you overly satisfied – so happy with the great life you have built for yourself that you don’t pay enough attention to making your restaurants even … Continued
Restaurant Owners – Don’t Ignore the Signpost to Your Freedom
When you reach a certain level of success, it’s OK to run that victory lap and settle in to being an owner, not an operator. One multi-unit owner I know has done this so well they consider their job “playing restaurateur.” Be more like them. … Continued
Top Things Professional Restaurateurs Refuse to Compromise On
For successful restaurateurs, there was a grueling period at the beginning when they really did have to work all the time. The most debilitating mistake people make? They don’t even notice when that time ends, so they keep running that schedule out of habit. Life … Continued
Join Industry Leaders This Weekend in Houston
If you are anybody in our business in and around Texas, your usual mid-July habit is to head to Texas Restaurant Marketplace. That is where you’ll see new products and hear a wide range of speakers (including me) present new ideas about how to operate … Continued
How Restaurateurs Avoid the Perils of Owning the Only Company They’ve Ever Known
Sitting in the dining room of one of my clients, we tried to figure out what this super-successful business leader had in common with some of my other clients. Then it hit me – he had never worked in a company he didn’t own! I’ve … Continued
Meet Me in Houston and Learn Secrets to Make Your Culture Boost Profits
In the past I have proven why culture provides 100% of your profits. That’s a lot. I constantly work with my clients – successful owners of independent restaurant companies – to define their culture in a permanent way. This lets them direct the behavior of … Continued