Money Is Where Your Mouth Is

Money is Where Your Mouth Is

By Jim Laube

If you don't manage the weaknesses in your food production process, money can flow out of your business like a sieve.

A restaurant is not a thing. It is not a structure. It is not a group of people. It is not a recipe, concept or a brand. It is a process that brings product and people together to create a pleasant experience for your guests and profits for the owners.

By the definition, a process is fluid and can spring leaks. The last place you want leaks to occur is in your cash flow. If you think you'll be able to spot these leaks without careful analysis of your business, you might be in for a rude awakening. Individually, they can be very small and escape detection. But if you develop enough of them at once, they can bleed your business dry.

Perhaps the best place to start looking for cash leaks is in your food production process, from start to finish. Plug those leaks and you've shored up the area of your business that is perhaps the most vulnerable to crippling losses.
View the entire article in PDF - Money Is Where Your Mouth Is- Restaurant Startup & Growth Magazine - March 2014

Reprinted with permission of Restaurant Startup & Growth magazine Copyright 2014
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