Steal This Discipline And Put ?????? On Your Bottom Line.

Read Time: An easy 3 minutes

This week's edition of the Restaurant Growth Playbook is built around a key discipline I have had in restaurants that I have operated for years.

A discipline I do every quarter with Auden Hospitality

A discipline you should steal.

It is built around The Eisenhower Decision Theory that helps you to distinguish between tasks.

So what is the discipline?

Every quarter, I take my P&L and the nominals for the quarter and export them into Excel.

Putting every expense in one of four categories.

I guarantee, every quarter, I have at least one expense in each section

This is where I save money on my bottom line, every time!

I put my expenses into the following categories;

1. Essential - business critical.

2. Has impact but is not essential.

3. Not needed & but can have an impact.

4. Not used & not essential.

This is my logic

1. Can't run the business without it
2. It a nice to have when things are going well, I wouldn't miss it when they aren't
3. Same as two
4. If you don't use it, and don't need it, cut it

It amazes me that every time I do this exercise

I find costs that sit in categories 2, 3 & 4 (especially as a Yorkshireman!)

and cutting them out saves me money on my bottom line.

As we move into Q2, 2023, steal this discipline and see where you can improve your bottom line.

I would love to hear the results in the comments ????

That's all for this week, have a great one

Scot ???

If you like this method, there are other ways in which I can help

1. Through Auden Hospitality we help founders and operators grow their brands and elevate their spaces and are doing this with people like The Social Hub , Homies On Donkeys and Karen's Diner ---> see more here
2. By visiting Auden Resource Hub you will find proven tools and resources to help you save time, improve your bottom line & increase your productivity. You can see some of these by subscribing to our YouTube channel or by visiting our website here
3. By following me here on LinkedIn, you will see daily tips that can help you grow your business, hear my thoughts on how we can improve the stigma around mental health in the industry and talk about improving the way you lead. Visit my profile Scot Turner and ring the ?? to see my posts daily.

and finally....

I want to share some of the successes I have had working with Energy-Pal? over the last five months, where we have?saved?my clients over?￡260,000?on their energy bills, and at a time when every penny counts, and you are following my discipline you really have nothing to lose.

If you would like someone to have a look at your energy plans, reach out to me today by email ([email protected]) or send me a DM and I will be pleased to introduce you.