Control Costs and Increase Profits In Your Restaurant

Start Planning for 2013 NOW If You Haven’t Already….

 

cutting costs in your restaurant

The end of the year approaches and what a year it has been!! The economy is still in the dumps, although there has been some rebound in some parts of the country, most restaurants and food establishments are still not back to where they were a few years ago.

With the end of the year close it is now time to start planning for next year, in fact if you have not already done so, you should start now and I do mean now!!

Forget what has been and start to visualize how you are going to grow your sales and cut your costs for the coming twelve months. It is a new start and hopefully you will get a kick over the holiday period to help you put away a bit of money for promoting your business.

What do you plan for? Let’s assume you have done a complete budget for next year. Sales, costs, maintenance, recruitment, etc, etc. Now comes the planning for how you will achieve the sales and costs budgeted.  We all know that the two ways to ensure your business is healthy financially is to…. Grow Your Sales and Control Your Costs.

Sales growth comes from service and product excellence as well as marketing your business to keep existing customers and gain new ones. Sounds pretty simple but we all know that it is not. Trying to find time to run your business, worry about staffing issues and all the 1001 things that it takes to keep the doors open all fill your day from start to a very weary finish.

I suggest you take the time away from your restaurant business, even if it is one day to spend planning your strategy on saving costs and growing your business. Get someone to cover for you. If you have never let anyone look after your business before, then it is about time you started!! Sometimes it is necessary to spend time working for your business rather than in the business.

Decide on three major projects that will help you achieve these goals for the first half of the year, one long term or ongoing, one medium term and one short term. Plan to start them all by the end of January and ensure they are monitored to gauge their effectiveness. The sales growth part should start with the next six months of LSM campaigns and the budget for each. The cost control part is dependent on your circumstances but I would strongly suggest weekly stock takes and cost percentage reviews as a priority if you are not already doing so.

Still a bit lost as to what to plan and how to go about it?

I can help! I have just completed a guide “50 Ways to Control Costs and Increase Profit” and it is currently available for Kindle. Click Here to get your  Kindle copy.

In the next 10 days the book will be available for PDF download from this website with some very interesting and helpful bonuses such as:

  • A free copy of my LSM ebook
  • A Cost Control Worksheet to help you track your savings
  • An Excel worksheet Break Even Analysis
  • 50 Ways to Control Costs workbook to help you plan which of these great ideas you are going to implement

Both of these guides and the additional tools are perfect for planning the year ahead and assisting you in making the profit you deserve.

Good planning and a Happy Holidays!

Rod Smith

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