Restaurant Cash Flow

Posted November 9, 2010

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

By David Scott Peters

Restaurant Tip of the Week

Project your cash flow

As the old adage goes, cash is king. You must find a balance between cash availability and cash needed. Projecting your cash flow is part of attainting the balance. There are three advantages to projecting cash flow on a monthly and even a weekly basis:

1. You can run the restaurant without any undue hardship
2. You can take advantage of appropriate volume buying breaks
3. You can assure you hit your desired cost of goods sold 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.

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

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.