The North Texas SBDC is excited to bring to you a 4-part series on best practices for increasing your restaurant’s profitability hosted by Chris Tripoli of The Restaurant Clinic, founder and hospitality specialist with over 40 years of experience in the restaurant industry.
Chris has developed award winning restaurants and aided on a variety of airport, convention center, theatre, and retail center projects.
Attendees are welcome to participate in a single session, or all four.
Part 1, October 4, 2023 – Selecting, Training, and Retaining Staff to Increase Profitability
Explore the best practices today’s successful restaurant operators are using to find, train and retain their staff in this increasing competitive market.
Key points include:
- Selection process. Why the 2-step interview program works.
- How your staff can become your best recruiters
- Embracing the change in today’s labor marketplace
- Engaging staff as a way to build revenue and decrease operating costs
- Empowering managers to create better leaders and increase profitability
Part 2, October 11, 2023 – Managing Your Menu to Maintain Profitability
The menu paints a picture of your concept and tells your story to every customer…What is yours saying? In this session we will discuss the best ways to create, layout-design, cost & price your menu for success.
Key points include:
- Amount of menu offerings…why less can be more
- Accurately costing your menu for maximum profit
- How layout, design and proper placement increases profit
- What’s so special about your specials
- How seasonal menu updates raise revenue and lower cost
Part 3, October 18. 2023 – Knowing Your Numbers…. Understanding Your Profit and Loss Statement
Learn how today’s most successful restaurant operators produce and learn for their daily reports, weekly summaries, and monthly financial statements.
Key points include:
- Maintaining realistic cost of goods with today’s product price increases
- How running inventory programs help lower cost and manage preparation
- Current labor management practices that increase profit
- What we need to know daily, weekly, and monthly
- Properly building an annual operating budget
Part 4, October 25, 2023 – Developing a Marketing Plan that Increases Your Profit
Why are some restaurants growing their revenue while others are losing theirs? We present todays best practices to build revenue and market your brand in a cost-effective manner.
Key points include:
- What is marketing and why isn’t it advertising
- How daily operations become our best marketing tool
- Building revenue and increasing profits from existing guest’s vs chasing after new ones
- Public relations and Community involvement that works
- How to build and manage an annual marketing plan
