Whether you’re opening a new restaurant or trying to streamline your existing eatery’s operations, there’s one thing you must optimize before anything else: your restaurant operating budget.
If you’re new to the restaurant business, you can have everything lined up and ready to go: the perfect menu, ideal location, and a great clientele ready to serve. Yet there’s another ingredient that’s required for realistic, sustained success – a practical, precise budget. Why? Simply put, a budget assists operators in understanding their potential profits and maintaining consistent profitability.
Tune in to learn what items should be accounted for in a proper restaurant operating budget, as well as the best practices behind successful budgeting behaviors!
Read the full Blog Post: [ Ссылка ]
Listen to the full Podcast Episode: [ Ссылка ]
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Chapters:
00:00 Intro
00:50 Lack of Having a Restaurant Operating Budget
1:16 Success of Restaurants with Operating Budgets
1:45 Actionable Insights from Budgets
2:35 Overview of Restaurant Monthly Expenses
3:10 Restaurant Direct Operating Costs
3:24 Restaurant Advertising & Promotion Costs
3:51 Additional Restaurant Expense Categories
4:24 Difference Between Fixed, Variable, and Semi-Variable Costs
5:40 Restaurant Operating Budget Best Practices
6:50 SMART Budget
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