PROFIT STRUCTURE
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The P&L
Your Profit and Loss Statement is your map to managing your
business. Many operators employ "shoebox financials"... put the
money in the box, pay bills out of the box, and keep whatever is
left! We believe in building your business' profit structure and
using it to guide your brand development. We
work with your bookkeeper or accountant to develop proper
restaurant accounting systems to turn your P&L into a
management tool.
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Budgeting
Once the course is set for
profitability, we teach you how to gather, interpret, and act on
data. If you don't track your expenses versus sales or guide your
business via a budget, we set it up and teach you how to use it. If
you can't see how you're doing, you can't see where you were, where
you are, or where you are going. We dig into your business to
develop a budget against which you can measure performance, set
direction, secure additional funding, or motivate your team.
Analysis
Once your Profit Structure is defined, we work with you to
eliminate non-value-added activities and expenses while properly
identifying and avoiding sacred cows. We teach you how to use your
data as a "means to an end" versus being the end itself. Health of
the Business Indicators, Theoretical Cost Analysis, Service
Ranking, Labor Proforma, Declining Balance Systems...how they work,
why they're important, and how to build them into your routines to
drive your business.
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