You can greatly improve your cash flow by adopting a policy of smaller, more frequent price increases instead of waiting for a year or longer before raising prices a larger increment.
Use this simple example to catch my drift:
Chicken tenders $5.99 from January 2008 - January 2009
Price raised to $6.99 after January 2009
4000 orders of [...]
Quick tips - Update your menu often
October 30th, 2008 · No Comments
Tags: Quick Tips
Who’s in charge of your restaurant?
October 14th, 2008 · No Comments
Charlie said….. Marla said….. Patrice said…..
He said, she said. It’s a game that gets played in a lot of businesses. Not having a defined “pecking order” that is understood by every person in your organization can lead to a lot of unneccessary headaches. Here’s a quick lesson about avoiding this business pitfall.
Who [...]
Tags: Articles
What’s the difference between retail and restaurants?
August 9th, 2008 · No Comments
Many new owners think that running a restaurant will be easy if they’ve worked in the retail world. While all their retail skills do help, there are major differences between owning and operating a retail shop, and operating a restaurant.
These include:
In the food biz, you are also the warehouse and manufacturer of the product you [...]
Tags: Questions
Are your dirty bathrooms scaring customers away?
August 6th, 2008 · 2 Comments
The bigger a city gets, the more small restaurants with great food and dirty bathrooms there are it seems. I noticed this phenomenom recently when visiting Kansas City from Wichita, Kansas. In Wichita, we have a shortage of independently owned, small, interesting restaurants. There are a load of chains here, and plenty of restaurants to [...]
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New O’Dell Restaurant Consulting Webstore!
July 9th, 2008 · No Comments
O’Dell Restaurant Consulting would like to announce the opening of it’s online webstore! In our store, you’ll find lots of on-site, email and telephone consulting service packages to help you solve the most pressing problems in your business. You’ll also find some great Microsoft Word, Excel, .pdf and graphic file restaurant tool downloads, most available [...]
Tags: Articles · Uncategorized
How to teach in 10 easy steps
May 31st, 2008 · No Comments
One of the primary reasons that some businesses training programs work, and some don’t, is in the method their managers and trainers use to teach new skills. This seems to be especially true in restaurants and food services, due to the prevelance of leaders without formal educations. Sorry if that offends anyone, but it’s true.
While [...]
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Are you overloading your kitchen stations?
May 30th, 2008 · No Comments
Long ticket times are a common problem in restaurants, and nothing will scare a potential regular customer away like having to wait 45+ minutes to get their food.
There are many factors that can increase ticket times. In this post, I would like to cover one of those issues, overloading a kitchen station.
Part of designing a [...]
Tags: Articles
Does your restaurant have an identity?
May 16th, 2008 · No Comments
Who are we?
What do we want our restaurant to be known for?
What style of service do we offer?
What kind of food do we cook?
What can our customers get from us that they can’t get anywhere else?
How can we make our customers FEEL?
What is our color scheme?
These are all questions you should ask yourself about your [...]
Tags: Articles
How do I figure my food cost?
May 7th, 2008 · 5 Comments
Calculating how much the food you sell costs you to sell is a very important practice in running a profitable restaurant. Knowledge is power, and knowing your food cost compared to your sales and your ideal food cost is very empowering information. By figuring your food cost percentage, you have an early warning system to alert you [...]
Tags: Questions
What reports are needed to run a restaurant right?
May 4th, 2008 · No Comments
That’s an important question. There isn’t enough reporting and record keeping in the restaurant business. Many chain restaurant can see by the end of the week whether they made money or not. Most independents have to wait until their account returns the monthly numbers anywhere from 4 days to 4 weeks after the end of [...]
Tags: Questions