
Restaurant with Serious Cashflow Problems
James Sinclair's Business Broadcast
00:00
Are You Producing Monthly Management Accounts?
I have got another one of these restaurants in three containers in my dad's back garden. We're all fitted out. What are the cars? I've got everything's ready. Other than a kitchen, I'm good to go. There's three rules: we track a monthly profit and loss,. We track average customer value and we track a labor to turn over ratio. Get this one, making some money. Oh, I'll get ready for it to throw something at me. I'll tell my bookkeeper.What systems do you use? Don't tell me you zero quick books or sage? No, I don't know. I will be honest because I have a bookkeeper.
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