Profit vs Cash
By David Scott Peters
Restaurant Tip of the Week
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.