Monthly Archives: April 2015

Run Item-By-Item Sales Mix Report on Your POS System

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By David Scott Peters

www.therestaurantexpert.com

Item-by-item shows you dollar-for-dollar. If you have a POS system then you have the ability to run an item-by-item sales mix report. And this report is a great tool to help you figure out your real food cost. How? Your food cost is determined by how much of each menu item you sell, not just the total cost of each menu item. If you sell more higher-cost menu items, you’re going to have a higher food cost. But if you can sell a few lower-cost menu items, you can balance your food cost out a bit. So knowing your mix is essential for knowing your true food cost.

David Scott Peters TheRestaurantExpert (1)David Scott Peters is a restaurant expert, speaker, coach and trainer for independent restaurant owners. He is the developer of SMART Systems Pro, an online restaurant management software program helping the independent restaurant owner remain competitive and profitable in an industry boxed in by the big chain restaurants. He is best known as the SMART Systems guy who can walk into any restaurant and find $10,000 in undiscovered cash before he hits the back door… Guaranteed! Learn more at www.therestaurantexpert.com/rdspos.

 

Don’t Ignore Sexual Harassment Training – The Restaurant Expert

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By David Scott Peters

www.therestaurantexpert.com

Sexual harassment isn’t an “if,” but a “when.” EEOC Guidelines state that employers MUST provide anti-sexual harassment training. To cover your liabilities, you MUST provide anti-sexual harassment training. The restaurant industry is full of opportunities for sexual harassment. Don’t leave anyone in your restaurant left open to that situation, nor yourself open to that vulnerability.

David Scott Peters TheRestaurantExpert (1)David Scott Peters is a restaurant expert, speaker, coach and trainer for independent restaurant owners. He is the developer of SMART Systems Pro, an online restaurant management software program helping the independent restaurant owner remain competitive and profitable in an industry boxed in by the big chain restaurants. He is best known as the SMART Systems guy who can walk into any restaurant and find $10,000 in undiscovered cash before he hits the back door… Guaranteed! Learn more at www.therestaurantexpert.com/rdspos.

Look for Ascending Dollars in Your Bank Account with a Descending Dollar Report

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By David Scott Peters

www.therestaurantexpert.com

One of the best ways to make sure you’re stretching every dollar is to order a descending dollar report. You can get this from your vendor. It shows what you spent the most money on down to the least amount of money. This isn’t necessarily in volume, but in price per item. It’s not that I ordered 10 cases, it’s that I spent $1,000 — which could have been 1 case. Based on these figures, you can try to find like or better products at cheaper prices, which can have a huge impact on your business and your bank account.

David Scott Peters TheRestaurantExpert (1)David Scott Peters is a restaurant expert, speaker, coach and trainer for independent restaurant owners. He is the developer of SMART Systems Pro, an online restaurant management software program helping the independent restaurant owner remain competitive and profitable in an industry boxed in by the big chain restaurants. He is best known as the SMART Systems guy who can walk into any restaurant and find $10,000 in undiscovered cash before he hits the back door… Guaranteed! Learn more at www.therestaurantexpert.com/rdspos.

Know Your Breakeven Point

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By David Scott Peters

www.therestaurantexpert.com

Find your breakeven point to avoid breaking the bank.

Do you know your breakeven point? I bet your accountant does. And you should, too. Breakeven analysis is used to determine exactly that: how much in sales the restaurant must generate to break even. Knowing your breakeven point doesn’t tell you when you’ll make money or be profitable, but it can tell you if you can afford that new marketing idea, payments on a new range, or to hire that additional server. Through examination of your fixed and variable expenses, you can see the impact of changes in these expenses.

David Scott Peters TheRestaurantExpert (1)David Scott Peters is a restaurant expert, speaker, coach and trainer for independent restaurant owners. He is the developer of SMART Systems Pro, an online restaurant management software program helping the independent restaurant owner remain competitive and profitable in an industry boxed in by the big chain restaurants. He is best known as the SMART Systems guy who can walk into any restaurant and find $10,000 in undiscovered cash before he hits the back door… Guaranteed! Learn more at www.therestaurantexpert.com/rdspos.