Hi and welcome to The Foodie guy dot com....

Thanks for joining us in our Managing with an entrepreneurial

mindset series....this podcast touches on Critical decision making.

our series focuses on Managing with ownership.....this podcast is an introduction to

operational Controls and getting a better understanding finances.

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Being a Restaurant operator is a difficult job,

you have to control many things all at once, Staffing, Inventory, Costs,

Procurement, Marketing and Finances…

It is of outmost importance that you understand the numbers to ensure

your restaurant operation is successful. Operating a profitable Food

Operation requires constant oversight and never ending readjusting of

processes and strategies as you react to ever changing business

needs….All being more of a journey rather than a destination.

There are very specific performance metrics food operators need to track

daily to help them assess their success and performance of the operation

along the journey.

Efficiency and profitability doesn't happen overnight. Among other things a

strong financial acumen needs developed in order to keep the operation afloat.

When looking at a Profit and Loss statement there are three Major areas that an operator has to keep His/Her eyes on.. always:

The “Top of the Page” – Income streams from various sources/Sales

The “Middle of the Page” – Usually variable costs like food and Labor

The “Bottom of the Page” – Other Non-Variable costs and expenses

On my following posts I will be elaborating and painting a better picture

On realistic goal setting and on factors and components you will need to help both calculate and control costs in your Food operation.

I hope this upcoming series on Cost controls and Finance is helpful as you navigate through these difficult economic times please stay tuned

For more Please Check for the next podcast on

our series Managing with an entrepreneurial mindset.

Remember that our website thefoodie-guy.com features our 5 most recent

podcasts…for access to Our entire library please follow the link on our

Podcast page or you can also listen to this TheFoodie-guy.com podcast on

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thanks for listening

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