In Restaurants Cash is King
By David Scott Peters
Restaurant Tip of the Week
Plan Your Cash Use
Cash has become a scarce commodity for many restaurant operators. Paying bills becomes a juggling act; taking the money coming in and sending it right back out. To find a balance between cash availability and cash needed depends on a well-planned cash flow budget. The two reasons planning is of major importance are:
- Cash flow planning provides the liquidity necessary to conduct business
- To efficiently utilize cash on hand by investing it until it is needed for other purposes
David Scott Peters is a restaurant expert, coach, trainer and speaker, specializing in teaching independent restaurant owners how to use systems for increased sales and increased profits. He is the nationally acclaimed restaurant coach whose unique “SMART Systems” approach to boosting profits has earned him the title of, “The man who can walk into any restaurant in America and find $10,000 in undiscovered cash before he hits the back door – Guaranteed!” Visit www.TheRestaurantExpert.com for more. Learn more tips, tricks and secrets in David’s free five-part e-course, “How to Explode Your Restaurant Profits NOW!” Simply sign up to receive the e-course at TheRestaurantExpert.com.