Posts by Consult to Grow
Restaurant Pay Planning: How to Navigate 2023 Complexity
The restaurant business thrives on consistency. For the past 10 years (since the recovery from the 2008 financial crisis) the average annual wage increase percentage has been about 3%. CFOs are asking restaurant operations and people leaders for budget indications for 2023 just as organizations and government agencies are announcing all-time high numbers around inflation,…
Read MoreHow to Beat Burnout to Build Business
WHAT IS BURNOUT? Burnout is a state of emotional, mental, and physical exhaustion caused by excessive and prolonged stress. Excessive and prolonged stress occurs when you feel overwhelmed and unable to meet constant demands. Download the Beating Burnout Handout for Free // You will be subscribed to our email list. Signs you’re on the path to…
Read MoreSix Most Read 2021 Insights
As 2021 draws to a close, we’re revisiting our most popular insights over the past year. Here are the most-read posts on https://www.consulttogrow.com/thoughts/. 6. Total Rewards that Drive ResultsGiven the labor market the restaurant industry is facing, make sure you’re investing in recruitment, retention, and operational results. Read the full blog post. → 5. A North…
Read MoreGet Ready Now: Restaurant Hurricane Preparedness
Download Consult to Grow’s® Restaurant Hurricane Preparedness Tools & Templates The safety of your team and customers should always be your #1 priority in the case of a hurricane or tropical storm. High winds, torrential rainfall, and flooding can cause significant damage, so it’s crucial to have a robust restaurant hurricane preparedness plan in place—before…
Read More7 Ways to Expand: Restaurant Growth Strategies
In any business, it’s crucial to strike a balance between perfecting your current operations and expanding your reach to increase profits, drive sales, and capture new audiences. This is especially true in the restaurant world, where it’s essential to stay agile and ahead of the curve in order for growth to happen. If your restaurant…
Read MoreCoronavirus & Restaurants: Restaurant Revitalization Fund
In case you missed it, I attended the National Restaurant Association’s webinar today focused on the Restaurant Revitalization Fund and wanted to share a few notes you may find helpful. Restaurant Revitalization Fund The American Rescue Plan Act established a $28.6B Restaurant Revitalization Fund (“RRF”) within the US Small Business Administration. The NRA has published…
Read MoreHow to Develop your Vision, Values & Mission Statement
Can you imagine being fired your first week on a job because you were trying to be proactive? That’s what almost happened to me during my first week working at Raising Cane’s Chicken Fingers in 2001. Learning the vision, values, and mission statement was essential to me understanding where I went wrong. How the value…
Read MoreHow to Go From Friend to Boss
Managing the transition from friend to boss is both common and challenging, especially in the restaurant industry. If you are struggling as a new-in-position manager, you are not alone. 60% of first-time managers surveyed found managing people that were once their peers was the toughest challenge. Yet, friends are incredibly important at work. A Gallup…
Read MoreRestaurant Financial Benchmarks: How Do You Compare?
Restauranteurs often go into the hospitality business because of their love of food and people. That love doesn’t always translate to profits. When a restaurant isn’t making money, it’s an expensive hobby at best or a high risk financial investment at worst. What can you do if you’re restaurant is not profitable enough or at…
Read MoreHow to: Assessing Restaurant Talent
Company-wide performance is highly dependent on restaurant-level shift leaders and the managers above them running high-quality shifts that ensure operations meet or exceed: operational standards, commitments to the team and customers. Restaurant groups are only as strong as the weakest shift run in the business, which makes assessing restaurant talent, especially at the management level, crucial. …
Read More