In this episode, we feature Kasey Anton, a former Boston restaurateur turned consultant and author of the upcoming book 'Profit First for Restaurants.' With over 20 years of experience, Kasey shares her expertise on the importance of solidifying your business model and financial structure before considering expansion. From addressing food costs and labor expenses to leveraging her innovative 'Profit First' system, Kasey offers invaluable advice to help restaurants achieve financial success while maintaining growth readiness. Don't miss this episode packed with actionable insights and real-life success stories!
05:18 Understanding Financial Health Before Expansion
06:32 Key Indicators for Restaurant Growth Readiness
10:03 Building a Solid Restaurant Business Model
13:48 Addressing Third-Party Delivery Costs
15:52 Optimizing Current Operations for Growth
20:21 Introducing the Profit First System
20:45 Understanding the Business Model
21:11 Managing Cash with Bank Accounts
22:35 Allocating Funds to Different Accounts
23:21 Gamifying the System
24:30 Immediate Financial Insights
28:08 Success Stories and Case Studies
30:43 The Importance of Detailed Cost Analysis
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👋 ABOUT Dynpricing Technologies
Hi, we're Dynpricing Technologies, the dynamic pricing solution tailored for restaurants. Optimize your menu pricing to maximize profitability and cater to a diverse clientele.
Check us out: https://dynpricing.ai