How the term "efficiency" is killing the restaurant industry, and how to stay ahead of it.
Jim Taylor
Redefining the Future of Consulting | Author | Entrepreneur | Restaurateur | Industry Expert
Read time - a quick 2 minutes
The restaurant industry is notorious for always trying to be as efficient as possible.
It's go to strategies to try to keep things profitable.
And just generally cut as hard as you can in every area in order to hopefully achieve the desired % at the end of the day, week or month.
Find a far easier way to get those results here.
However the industry is starting to open it's eyes, and realize that this may not be sustainable considering the amount of change it has faced over the last 3 years.
It is as though our industry has been forced to grow up more quickly than it ever wanted to, and if you ask me it kind of looks a bit like Bambi on ice right now. ??
Consider for a minute the key factors of the business model that are drastically different today, than pre-pandemic.
Average wage
Average spend
Staffing levels
Cost of goods
Menu pricing
Cover count
Sales mix
And based on all of those differences, trying to run the business the same way we always had is an impossible task.
Even harder than it was before.
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Check out this easier strategy.
If you are wondering how I compartmentalize this information in 90 seconds with clients so that decision making becomes infinitely easier, email or text me and I would be happy to show you.
The first step to simplifying today's restaurant business model is to break everything down.
Here are the first 4 things I always do...
-> Look at YTD average wage vs QTD average wage
-> Inspect YTD guest spend vs QTD guest spend
-> Understand cover count trends
-> Study employee tenureship
And when you are ready to move the needle, ask me how we use measurements of productivity and employee workload to dramatically lower cost, and improve employee retention.
Because it amazes me how everyone knows that the game has changed.
But it amazes me more to see how our industry continues to approach finding the solution the same way it always has.
I am on a personal mission, to think different, protect people and change restaurants.
Who's with me?
??
Ps, whenever you are ready here are a few other ways I help restaurateurs every day.
Redefining the Future of Consulting | Author | Entrepreneur | Restaurateur | Industry Expert
2 年Neal Petermann thank you for passing this along. ????
Production Executive at MetroMedia Technologies
2 年Persistence, faith in miracles, reborn courage and guardian angel-like spirit, put unrivaled power to try into a race against time, patience and the toughest test of transformation, hints meet solutions to win the test. 坚持,对奇迹的信仰,重生的勇气和守护天使般的精神,让无可匹敌的尝试力量进入与时间的竞赛,耐心和最艰难的转变考验,提示符合解决方案赢得考验。