SMART Systems

In celebration of the past 10 years, here are 10 key lessons about running a restaurant I want to share with you. I’ve picked these up along the way from all the incredible people my team and I [...]

  What does cost of goods sold refer to? In the most basic terms, cost of goods sold is “the cost of the product used to generate sales.” The cost of goods sold calculation is used to [...]

By David Scott Peters I just finished teaching one of my semi-annual three-day workshops and in the room we had five people who were opening restaurants. It was great to have so many people there [...]

In part 1 of How to Plan for the Holidays in the Restaurant Industry – Gearing Up, we talked about the importance of planning ahead and “gearing up” for your restaurant’s season. This week [...]

Gearing up and gearing down The difference between making money and losing money in the restaurant business depends on how well you gear up and gear down. Proper planning truly has a major impact [...]

By Fred Langley My 6-year-old son recently conquered a crippling fear and taught me something I hope to pass on to you. Jack is a very coordinated athletic boy, who since a very young age has [...]

To grow your profits and shave points off your bottom line, you must be committed. To see real change in your restaurant, you have to commit to taking action and sticking with it. What do I mean? [...]

Setting standards in your restaurant is a must. You play a very important role in your restaurant, a role no one else can play. That’s the role of owner. And as an owner, right or wrong, your [...]

Everyone has a phrase that when they hear it, they just want to go nuts. For me, there are four phrases that are like nails on a chalkboard. And I probably hear one of these phrases on a weekly [...]

Everyone has a phrase that when they hear it, they just want to go nuts. For me, there are four phrases that are like nails on a chalkboard. And I probably hear one of these phrases on a weekly [...]