SPM #513: How To Control Your Costs & Budget For Max Profit
Fred Langley, the founder of Restaurant Systems Pro, discusses the importance of knowing your numbers and managing costs in the restaurant industry. He explains how his software helps restaurant owners track inventory, manage labor efficiency, and optimize pricing. Fred emphasizes the significance of understanding product usage and the impact it has on profitability.
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00:00 Introduction and Background
03:19 Overview of Restaurant Systems Pro Software
04:07 Importance of Knowing Your Numbers
05:58 The Impact of Product Usage on Costs
07:13 The Fear of Raising Prices
08:14 Menu Engineering and Pricing Strategies
09:58 Dynamic Pricing and Customer Loyalty
11:55 Managing Customer Expectations
12:49 Getting Started with Restaurant Systems Pro
15:35 The Restaurant Mastery Program
17:32 Creating a Budget and Setting Goals
19:51 Flex Budgeting and Delegating Purchasing
21:43 Cost and Benefits of Restaurant Systems Pro
23:34 Special Offer for Listeners
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