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106: Sandwich with a financial lesson
Restaurant Whisperer, Owners with a niche who love support and inspiration.
English - June 09, 2023 10:00 - 9 minutes - 9.18 MBSociety & Culture Business Management advocacy businessconsulting covidrecovery independentrestaurants marketing saverestaurants Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
This season has been filled with information about the Six Pillars of a successful business. This episode is about the interplay of Quality and Financial Stability.
This Sandwich Episode uses a simple story to tell the financial lesson of changes in the restaurant industry. The recipe of building a sandwich the same way every time, ensures customer delight. That recipe reflects a quality product, created and served the same way every time. It's one version, and one recipe for quality in a restaurant. The other pillar in this story is financial stability; it is baked into that recipe. Know your food costs. Ensure you check portioning. Train your staff so your guest is eating a delicious sandwich that they anticipated, and were satisfied with an equally stellar experience. You know what makes your business revenue, and always ensures profit. We dig deeper, and reveal a story about shrinking profit that has crept into our industry in the last 20 - 30 years.
Enjoy listening. Reach out if you need more information, or have a pod topic or story to share.