In this episode, we dive deep into restaurant financial management with Tim Sernett, CPA, and founder of Financial Optics. Tim shares his 30+ years of experience, focusing on enhancing operational efficiency and profitability for independently owned restaurants. The discussion covers essential financial strategies, the importance of detailed menu costing, mastering prime costs, the impact of technology, and the significant role of financial planning in navigating economic uncertainties. If you’re a restaurant operator looking to boost your profitability, this episode is a must-watch!
02:15 Focusing on Restaurant Financial Management
05:24 Granular Profitability Analysis
09:37 Mastering Prime Costs
11:30 Embracing Technology in Restaurants
15:12 Resilience and Adaptability During Economic Uncertainty
20:48 Future Financial Challenges and Opportunities
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Audio Podcast Links:
Spotify: https://open.spotify.com/show/0QSepx7a9NnMM8MTqDppWi
Apple Podcast: https://podcasts.apple.com/us/podcast/the-restaurant-growth-show-podcast/id1646107178
Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9iMTM3MjgzMC9wb2RjYXN0L3Jzcw
Amazon: https://music.amazon.com/podcasts/0087e671-d9c9-4c45-a430-51b1305b2994
RSS: https://anchor.fm/s/b1372830/podcast/rss
Leave your suggestions for new topics in the comments! We read every single one. 🙂
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CONNECT WITH US ON SOCIAL MEDIA
LinkedIn:https://www.linkedin.com/company/dynpricing-technologies/mycompany/
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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 diverse clientele.
Check us out:https://dynpricing.ai
