Posts by Consult to Grow
Coronavirus & 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. This story illustrates the value vision, values, and mission statements can provide for your team & business! This story…
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…
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 MoreShould I Franchise My Restaurant? 3 Mistakes to Avoid.
“Should I franchise my restaurant?” is both an exciting and daunting question. Hopefully, if you are asking yourself this question, it is because you have an exciting business concept that you want to quickly grow. It doesn’t have to be daunting, though. In this post, we demystify franchising and offer lessons-learned to accelerate growth and…
Read MoreCoronavirus & Restaurants: PPP 2.0 Key Updates
The SBA and Treasury Department announced today that the Paycheck Protection Program (PPP 2.0) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw…
Read MoreStop the Frenzy: How to Prioritize Projects in 3 Steps
Is your team working hard in many different directions without much traction? If so, it might be time to pause, inventory initiatives and prioritize projects. When everything is a priority, nothing is a priority. We learned this lesson the hard way growing Raising Cane’s Chicken Fingers. Many years ago, when I worked at Cane’s, we…
Read MoreA North Star Metric: Focusing Your Business Growth
The “Great Conjunction of 2020” is set to brighten the darkest day of the year on December, 21, 2020, as two giant planets (Jupiter and Saturn) draw closer together. The last time the two planets were so close was in 1623. These two gas giant planets will appear close while they are actually hundreds of…
Read MoreDownload our Free 2021 Restaurant HR Calendar Now
2021 Month-by-Month Deadlines and Dates Every Restaurant Owner and HR Manager Need to Know As a small to medium restaurant business, navigating the many important HR dates and deadlines can be difficult. To help you proactively manager your year, Consult to Grow® has created this 2021 Restaurant HR Calendar. This document has not been legally…
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