RESTAURANT STRATEGY

#480 - Talking AI with Inc Tank GTM Co-Founders *****  This week's episode is brought to you by: MARGIN EDGE Take control of your costs with using MarginEdge. Best of all? No contract. No setup fee. Free and unlimited training and support.  VISIT: marginedge.com/chip *****   Inc Tank GTM was founded by Michael Beck and Chad Horn, who have learned a thing or two after a couple decades in the restaurant business. On today's episode they're talking about simple strategies for independent owners and operators to start leveraging AI to increase profitability of their businesses.  WEBSITE: https://inctankgtm.com/ LINKEDIN: https://www.linkedin.com/company/inc-tank-gtm/ CONNECT WITH BECK: https://www.linkedin.com/in/michaeltbeck/ CONNECT WITH CHAD: https://www.linkedin.com/in/chadhornboston/   ***** Are you ready for consistent, predictable 20% profit?  Click to learn more about the P3 Mastermind:  https://www.restaurantstrategypodcast.com/increase-profits  

#479 - Kitchen Efficiency and Waste Reduction Systems ***** Food waste represents as much as 5% points on your P&L. Do some quick math and you'll realize that for a $2MM restaurant, that's as much as an extra $100,000 that drops to the bottom line. It's a meaningful amount, and so that's why we're going to dig deep on today's episode.    ***** Are you ready to generate consistent, predictable 20% profit in your restaurant?  Let's talk about the power of the P3 Mastermind Community:  https://www.restaurantstrategypodcast.com/schedule    

#478 - Three Simple Frameworks to Level Up Your Marketing (ENCORE) *****  This week's episode is brought to you by: MARQII  MARQII is your one-stop-shop for listings management and reputation management. Collect reviews in one place to make responding easy and effortless and win the SEO game to land at the top of more search results. Win back guests and put more butts in the seats with Marqii.  VISIT: https://marqii.com/ ***** This week's episode is brought to you by: RESTAURANT TECHNOLOGIES Simplify and automate your back of house operations with RESTAURANT TECHNOLOGIES and their cooking oil management program. These guys take the dirtiest job out of your kitchen!  VISIT: https://www.rti-inc.com/   ***** We need a definition for marketing.  A framework for understanding how to market our product.  Finally, a system for putting our marketing plan into action.    ***** Are you struggling to generate consistent, predicatble 20% profit in your restaurant?  Let's talk about the power of the P3 Mastermind:  https://www.restaurantstrategypodcast.com/schedule    

#477 - Labor Cost Optimization Without Sacrificing Service ***** This week's episode is brought to you by: TIME FORGE TIME FORGE provides labor management for efficient teams. Recruit, retain, and manage your talent with a powerful piece of software.   VISIT: https://timeforge.com/RestaurantStrategy/ ***** This week's episode is brought to you by: POPMENU If you’re a restaurant owner you need a great website that not only looks beautiful, but helps drive more traffic and sales. Use POPMENU to take your business to the next level. Best of all, listeners of this show can lock in one, set monthly rate… and get $100 off their first month.  VISIT: https://popmenu.com/restaurantstrategy ***** This week's episode is brought to you by: DAVO Automate your sales taxes using DAVO BY AVALARA. The software integrates with most POS systems. It sets aside your sales taxes, files on time, and submits payments before the deadline. VISIT: https://davosalestax.com/RestaurantStrategy *****   Yes, you need a budget. But you also need a plan... a plan on how to deploy your most valuable resource. We're talking about your people, of course. And you need them as much as they need you.    ***** Are you struggling to generate consistent, predicatble 20% profit in your restaurant?  Let's talk about the power of the P3 Mastermind:  https://www.restaurantstrategypodcast.com/schedule      

#476 - Direct-to-Consumer Revenue Streams *****  This week's episode is brought to you by: MARQII  MARQII is your one-stop-shop for listings management and reputation management. Collect reviews in one place to make responding easy and effortless and win the SEO game to land at the top of more search results. Win back guests and put more butts in the seats with Marqii.  VISIT: https://marqii.com/ ***** This week's episode is brought to you by: RESTAURANT TECHNOLOGIES Simplify and automate your back of house operations with RESTAURANT TECHNOLOGIES and their cooking oil management program. These guys take the dirtiest job out of your kitchen!  VISIT: https://www.rti-inc.com/   ***** In no particular order, here are some additional ways to generate revenue: Takeout and Delivery Off-Site Catering At-Home Meal Kits Cooking Classes Merchandise Pantry and other retail items Subscription Boxes Private Chef Services And more...  Don't just rely on in-person dining to pay your bills.    ***** Are you struggling to generate consistent, predicatble 20% profit in your restaurant?  Let's talk about the power of the P3 Mastermind:  https://www.restaurantstrategypodcast.com/schedule    

#475 - Menu Engineering for Maximum Profit Margins ***** This week's episode is brought to you by: TIME FORGE TIME FORGE provides labor management for efficient teams. Recruit, retain, and manage your talent with a powerful piece of software.   VISIT: https://timeforge.com/RestaurantStrategy/ ***** This week's episode is brought to you by: POPMENU If you’re a restaurant owner you need a great website that not only looks beautiful, but helps drive more traffic and sales. Use POPMENU to take your business to the next level. Best of all, listeners of this show can lock in one, set monthly rate… and get $100 off their first month.  VISIT: https://popmenu.com/restaurantstrategy ***** This week's episode is brought to you by: DAVO Automate your sales taxes using DAVO BY AVALARA. The software integrates with most POS systems. It sets aside your sales taxes, files on time, and submits payments before the deadline. VISIT: https://davosalestax.com/RestaurantStrategy *****   Menu Engineering has been around since the 70's, and that's because it works. Using human psychology to sell more, but also to create a better guest experience. On today's episode we're sharing a bunch of actionable tips for how to get started.    ***** Are you struggling to generate consistent, predicatble 20% profit in your restaurant?  Let's talk about the power of the P3 Mastermind:  https://www.restaurantstrategypodcast.com/schedule      

#474 - Hyperlocal Marketing in a Digital World *****  This week's episode is brought to you by: MARGIN EDGE Take control of your costs with using MarginEdge. Best of all? No contract. No setup fee. Free and unlimited training and support.  VISIT: marginedge.com/chip *****   If you did the research, I think you'd find that 80% of your annual revenue comes from people who live within 3 miles of your restaurant. Multiple studies have confirmed that this is true for most small businesses... especially foodservice.  So let's not pretend we need to do anything too crazy to capture business.    ***** Are you ready for consistent, predictable 20% profit?  Click to learn more about the P3 Mastermind:  https://www.restaurantstrategypodcast.com/increase-profits  

#473 - Top 100 Restaurant Podcaster, Jeremy Julian *****  This week's episode is brought to you by: KICKFIN Thousands of restaurants across the country use Kickfin to send instant, cashless tip payouts, directly to their employees’ bank accounts, the second their shift ends. Get in touch today for a personalized demo and see how restaurants and bars across the country are tipping out with Kickfin.  VISIT: https://kickfin.com/demo/ ***** Jeremy Julian is the longtime host of The Restaurant Technology Guys Podcast, recently named one of the Top 100 Restaurant Podcasts. (And yes, we too made the list!)  PODCAST: https://podcasts.apple.com/us/podcast/the-restaurant-technology-guys-podcast-brought-to-you/id1601635183 WEBSITE: https://restauranttechnologyguys.com/ LINKEDIN: https://www.linkedin.com/company/the-restaurant-technology-guys/   ***** Are you struggling to generate consistent, predicatble 20% profit in your restaurant?  Let's talk about the power of the P3 Mastermind:  https://www.restaurantstrategypodcast.com/schedule    

#472 - The Death of Traditional Social Media Marketing *****  This week's episode is brought to you by: MARGIN EDGE Take control of your costs with using MarginEdge. Best of all? No contract. No setup fee. Free and unlimited training and support.  VISIT: marginedge.com/chip ***** The old ways don't work anymore. You have to stop treating social media as a megaphone and instead focus in on local marketing. Think of your Instagram feed as a community center. What would that do to your activity? All of that on today's episode.    ***** Are you ready for consistent, predictable 20% profit?  Click to learn more about the P3 Mastermind:  https://www.restaurantstrategypodcast.com/increase-profits  

#471 - Restaurant Profitability - The Five Killers and How to Beat Them *****  This week's episode is brought to you by: KICKFIN Thousands of restaurants across the country use Kickfin to send instant, cashless tip payouts, directly to their employees’ bank accounts, the second their shift ends. Get in touch today for a personalized demo and see how restaurants and bars across the country are tipping out with Kickfin.  VISIT: https://kickfin.com/demo/ ***** PROFIT KILLER #1: RAZOR-THIN MARGINS PROFIT KILLER #2: HIGH LABOR COSTS AND TURNOVER PROFIT KILLER #3: FOOD COST VOLATILITY AND WASTE PROFIT KILLER #4: FIXED OVERHEAD EXPENSES PROFIT KILLER #5: INTENSE COMPETITION AND PRICING PRESSURE   ***** Are you struggling to generate consistent, predicatble 20% profit in your restaurant?  Let's talk about the power of the P3 Mastermind:  https://www.restaurantstrategypodcast.com/schedule