Restaurant Ownership
Beware: Your Bonus Plan May Be Working Against Your Restaurant’s Best Interests
People hate airlines — or, at best, tolerate them. But, even with their product quality and customer service ratings plummeting, their profits are at record levels. That’s sustainable in the airline business, which is essentially closed to competition, but would be catastrophic in the restaurant … Continued
Read MoreTop Tips to Keep Your Restaurant Relevant
Be innovative. Today’s ideas are like fresh produce: wonderful but perishable — and, as an independent restaurant company owner, you constantly need a new supply. My most successful clients combine innovation with a robust social media presence to stay fresh, and make things happen. Why … Continued
Read MoreConventional wisdom that isn’t either.
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 … Continued
Read MoreRestaurant Management Rock stars in training.
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 … Continued
Read MoreFrom buzzwords to best practices.
No matter what you think of jargon and buzzwords, every business has an opportunity to succeed through people, focus, measurement and reinforcement. Recently the term “Best Practice” proudly took its place among Forbes.com’s list of “the Most Annoying, Pretentious and Useless Business Jargon.” Best Practice … Continued
Read MoreLittle Village Syndrome – Excerpt from: Beyond Business
Excerpt from forthcoming book: Beyond Business, By: Matthew Mabel ©2012 Little Village Syndrome – Click Here to Download Full Chapter Small businesses can be like lush tropical villages protected by mountains and water that keep the outside world outside. Inhabiting the village is a pleasant … Continued
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