Transcript
A (0:00)
The mission of the P3 mastermind, and by extension this company Restaurant Strategy, is to help independent restaurant owners increase the profitability of their restaurants. One of the things I say all the time is that revenue does not necessarily cure all sins. Because I believe we have to take a profit first mindset, make sure that we understand how to set revenue targets and build budgets that are aligned with those revenue targets. But once we have a system in place to help us manage our biggest expenses, mostly prime cost cogs and labor, well then, then yes, I do understand the power that increasing revenue can have on the bottom line of a business. Today we're going to talk all about that. Specifically how we grow top line revenue in our restaurants. Don't go anywhere. There's an old saying that goes something like this. You'll only find three kinds of people in the world. Those who see, those who will never see, and those who can see when shown. This is Restaurant Strategy, a podcast with answers for anyone who's looking. Hey everyone, thanks for tuning in. My name is Chip Close. This is the Restaurant Strategy Podcast. Two episodes every week, all geared towards independent restaurant owners. Helping you increase the profitability of your restaurants. What does that mean? Helping you drop more of the revenue into your pockets. I wrote a book, it's called the Restaurant Marketing Mindset. I give talks all over the country. I also run something called the P3 mastermind. Simply put, this is the way to work directly with me. We've put over 350 people through the program. Currently about 120 members enrolled in the program. The thing has grown like crazy over the last four and a half years. Not because it doesn't work, I obviously because it very much does work. It's an incredible community. If you are struggling with single digit profit margins, I'm here to tell you you don't have to settle for that. We target 20% consistent, predictable returns. I promise you it's possible, but you don't have to take my word for it. Let's have a conversation. RestaurantStrategyPodcast.com Schedule Grab some time on the calendar and let's hear what's going on. If you've been listening to this show for any length of time, you have heard me talk about Kickfin. Because they've been a trusted partner of mine for for years and I genuinely believe in what they do. For restaurant operators, managing tips has always been a headache. There's never enough cash in the drawer. At the end of the night, managers are stuck making bank runs and doing spreadsheet math. At 1:00am Tip pooling regulations keep getting more complex. It's just not fun. That's exactly why Kickfin exists. With Kickfin, restaurants can calculate tip pools automatically and send instant payouts directly to employees existing bank accounts. No cash, no predatory pay cards, no glitchy employee apps required. Your team gets their tips fast in the account they choose, right when their shift ends. Kickfin integrates with all the major POS players so Toast Square, skytab, Genius Union, and many more. So you get fully automated end to end tip management. It's fast, it's accurate, and it gives you a clean digital record for accounting and compliance. Kickfin powers tip payouts for every type of concept from mom and pop shops to regional hospitality groups to national brands like Walk On Sports, Bistro, Marco's Pizza and Toasted Yolk Cafe. Great hospitality starts behind the scenes. When your people feel valued, paid fairly and paid fast. I promise everything improves. Kickfin makes that possible. If you're ready to save hours every week, eliminate cash runs, streamline accounting and make tip payouts the best, best part of everyone's day. Go to kickfin.com to learn more. As always, you'll find that link in the show notes. So my guest on today's show is Joffrey tti. He is the CEO of FPG Frontline Performance Group. I'm going to welcome him to the show. He's going to tell you who he is. He's going to tell you what FPG does. Most importantly, how they think about revenue, how they think about profitability, and how they think you should be doing it. But in order to have that conversation, we first got to welcome this guy to the show. Joffrey, good to have you.
