Transcript
Unknown Host (0:00)
Tell me if you feel the same way. Our job, or at least oftentimes it feels like our job as a business owner, as a boss, is to get people to do what we need them to do, right? That means our staff, we need them to do what we want them to do. To show up on time in uniform to know their stuff, get their station ready to do what we need them to do. Likewise, we need diners to come and dine at our restaurant to give us money to experience the restaurant that we've put together for them, right? This has a lot to do with what marketing is all about. It has a lot to do with culture. And I want to talk about culture on the employee side, culture on the diner side. I promise they will all connect with something called behavior. It's all about changing consumer behavior. And I want to talk about what.
Chip Close (0:47)
That means, how we do that.
Unknown Host (0:48)
On today's episode of Restaurant Strategy.
Unknown Guest (0:51)
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.
Chip Close (1:22)
Hey everyone, thanks for tuning in. My name is Chip Close and this is Restaurant Strategy, a podcast dedicated to helping you build a thriving, more sustainable, more profitable restaurant business. I work with owners and operators from all over the world, in seven different countries to help them level up and get better at what they're doing. We target consistent, predictable 20% returns because.
Unknown Host (1:44)
What you do is way too difficult.
Chip Close (1:46)
And way too important to not make money doing it. Listen, you got a busy restaurant and you struggle with single digit profits. If you're ready to level up and target 15, 20, 25% returns every month, you're not crazy for wanting that and I would love to chat with you. The best way to get started is to Visit our website, restaurantstrategypodcast.com schedule. Grab time on the calendar. You'll chat with me or someone from my team and let's see if you're a good fit for the program. Right? We're going to ask you a ton of questions. You're going to ask us a ton of questions and we will go from there. Again, restaurantstrategypodcast.com schedule as always, that link is in the show notes. What's the food cost for your third best selling entree? With Margin Edge, you could know instantly. Margin Edge is a complete restaurant management software that I recommend to all of my clients. Cogs and inventory management. When you Get a handle on that. You will dramatically improve your profitability. With Margin Edge. You just snap pictures of the invoices as they come in and you get real time data for every area of your business. You can see plate costs in real time. You can get a daily P and L. Your inventory count sheets are automatically updated. It saves you a ton of time and it lets you make really informed decisions. My client Gather Brewing, they were a member of the P3 mastermind. They started using Margin Edge and within one month, I'm not kidding, 30 days, their food costs went from 38 to 28%. That's real savings. That dropped all the way to the bottom line. The a reason I recommend Margin Edge to all of the P3 members, it's because it works. It works better than anything else out there. If you're interested in learning more, or if you want to see how Gather brewing went from 38 to 28% food costs, head over to marginedge.com chip again marginedge.com chip that link is in the show notes and you can go watch a quick video to learn about what they did and how they leveraged Margin Edge. In Kind is the largest and only dual sided app based marketplace offering low cost capital investments for restaurants paired with exclusive dining rewards for restaurant goers. To date, In Kind has provided over $200 million in capital giving restaurant operators alternative funding anywhere from 10,000 to 10 million to its over 1 million users.
