Profit vs Cash

Posted October 19, 2010

In 1. David Scott Peters, The Numbers, Tip of the Day

By David Scott Peters

Restaurant Tip of the Week

Fatal Error

Often restaurant operators make this fatal error when it comes to the operation of their business: thinking that when the profit and loss statement says there is a profit, there is extra money. IMPORTANT: Profits don’t pay the bills; cash does. You must maintain a balance between cash availability and cash needed. To do this, you must have a well-planned cash flow budget.

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.

accounting, David Scott Peters, independent restaurant owner, independent restaurant owners, restaurant budget, restaurant expert

Fred Langley

Fred Langley is the Owner/CEO of RestaurantSystemsPro.net. He leads the company's consulting services, systems coaching, conducting seminars and overseeing the training and technical support team for the company's management software,RestaurantSystemsPro.