Fred Langley, the founder of Restaurant Systems Pro, discusses the importance of knowing your numbers and managing costs in the restaurant industry. He explains how his software helps restaurant owners track inventory, manage labor efficiency, and optimize pricing. Fred emphasizes the significance of understanding product usage and the impact it has on profitability.

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00:00 Introduction and Background

03:19 Overview of Restaurant Systems Pro Software

04:07 Importance of Knowing Your Numbers

05:58 The Impact of Product Usage on Costs

07:13 The Fear of Raising Prices

08:14 Menu Engineering and Pricing Strategies

09:58 Dynamic Pricing and Customer Loyalty

11:55 Managing Customer Expectations

12:49 Getting Started with Restaurant Systems Pro

15:35 The Restaurant Mastery Program

17:32 Creating a Budget and Setting Goals

19:51 Flex Budgeting and Delegating Purchasing

21:43 Cost and Benefits of Restaurant Systems Pro

23:34 Special Offer for Listeners

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