In this episode, we discuss why running a business using a P&L is like driving a car looking through the rear-view mirror, how to set and control your spending with a budget, why daily tracking increases your situational awareness, and how sharing what you’ve tracked gets your team more involved. Also, we get a little off topic and discuss the significance of developing a “playbook” or protocols.
Ryan Gromfin is also known as The Restaurant Boss. After years of working in the kitchen at numerous restaurants, 5-star hotels, with James Beard Award-winning chefs, and the best hotelier in the world, he is now using his experience to serve as an industry consultant at Authentic Restaurant Concepts. Today he helps restaurant owners reduce cost and increase profit with efficient strategies and you can find his work at www.TheRestaurantBoss.com
Success Quote or Mantra
“Running a business using a P&L is like driving a car looking through the rear-view mirror.”
Hospitality courses from the world’s best. Find short courses. Skill up. Become an expert. You’re the average of the 5 peoples your surround yourself with, now start surrounding yourself with the best in our industry.
Over 45,000 independent operators since 1998 have joined RestaurantOwner.com to improve their business skills, leadership capabilities and implement effective systems in their restaurant.
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Thanks for Listening!
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Huge thanks to Ryan Gromfin for joining me for another awesome episode. Until next time!