March 18, 2020

Corona Chronicle #9: -The multitude of options to make this situation better/we need to have safety nets for crises like this- Doug Mullins- Lexington, KY

28 minutes

Find out more about Doug Mullins here.

Key takeaways

Ouita Michel Restaurants operates 10 restaurants; 5 are currently closed - 150 employees are on leave
The real issue is tipped employees
They have set up a fund for tipped employees filled by donations from the community
Taking this time to deep-clean the closed restaurants as if they are closing for a season; will be like new when reopened
Donating food they cannot use to local food pantries
Open restaurants are preparing free family meals for employees who cannot work
Usually, these events cause us to want to be there for each other but in this case, that is the worst idea, what else can we do?
One of the lessons: always have savings for situations like this
Employees AND many restauranteurs are paycheck-to-paycheck, two bad weeks can bury us - why is that?
What to do to generate cash flow for this specific situation
Be flexible whether you're staff or an operator

...more

By Inspiring interviews with todays most successful restaurateurs 2-days a wee

4.9

308308 ratings

March 18, 2020

28 minutes

Find out more about Doug Mullins here.

Key takeaways

Ouita Michel Restaurants operates 10 restaurants; 5 are currently closed - 150 employees are on leave
The real issue is tipped employees
They have set up a fund for tipped employees filled by donations from the community
Taking this time to deep-clean the closed restaurants as if they are closing for a season; will be like new when reopened
Donating food they cannot use to local food pantries
Open restaurants are preparing free family meals for employees who cannot work
Usually, these events cause us to want to be there for each other but in this case, that is the worst idea, what else can we do?
One of the lessons: always have savings for situations like this
Employees AND many restauranteurs are paycheck-to-paycheck, two bad weeks can bury us - why is that?
What to do to generate cash flow for this specific situation
Be flexible whether you're staff or an operator

...more