The Liquid Lunch Project Technology, Labor, and Profitability in the Restaurant Industry with Tom Rutledge
In this episode of The Liquid Lunch Project, we're diving into the secrets of running a successful restaurant business with none other than Tom Rutledge.
Ever wondered what sets thriving restaurants apart from struggling ones? Tom sheds light on the importance of accountability and focus, two crucial elements that can make or break your culinary venture.
Here's a sneak peek at what we covered:
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Accountability Matters: Tom emphasized how successful restaurants prioritize accountability, from implementing systems to utilizing technology effectively.
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Focus on the Essentials: We explored why restaurant owners must laser-focus on key aspects like systems, labor costs, and menu pricing.
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Tipping Culture and Minimum Wage: Who is actually affected by these legislative policies?
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Prime Cost Insights: Tom explained the concept of prime cost and revealed why it's a crucial metric for restaurant profitability.
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Actionable Steps: Learn practical strategies for enhancing accountability and focus in your restaurant, from regular meetings to analyzing key metrics like prime cost.
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Tech & Automation Trends: Discover how technology and automation are reshaping the restaurant industry with insights into fast casual dining experiences and cost-effective solutions.
By the end of this episode, you'll be armed with practical strategies to fine-tune your restaurant operations and stay ahead of the game.
Favorite Quote:
“You don't just have to raise prices. You just have to come up with creative solutions because you know where your problems are.”
Connect with Tom:
www.linkedin.com/in/tom-rutledge-53830033
Stay Connected:
Connect with Matt and Luigi on Instagram:
@matthew.r.meehan
@luigi_rosabianca
@theLiquidLunchProject
@ShieldAdvisoryGroup
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www.theliquidlunchproject.com
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