In this episode, we dive deep into restaurant financial management with Tim Sernett, CPA, and founder of Financial Optics. Tim shares his 30+ years of experience, focusing on enhancing operational efficiency and profitability for independently owned restaurants. The discussion covers essential financial strategies, the importance of detailed menu costing, mastering prime costs, the impact of technology, and the significant role of financial planning in navigating economic uncertainties. If you’re a restaurant operator looking to boost your profitability, this episode is a must-watch!

02:15 Focusing on Restaurant Financial Management

05:24 Granular Profitability Analysis

09:37 Mastering Prime Costs

11:30 Embracing Technology in Restaurants

15:12 Resilience and Adaptability During Economic Uncertainty

20:48 Future Financial Challenges and Opportunities

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Audio Podcast Links:

Spotify: https://open.spotify.com/show/0QSepx7a9NnMM8MTqDppWi

Apple Podcast: https://podcasts.apple.com/us/podcast/the-restaurant-growth-show-podcast/id1646107178

Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9iMTM3MjgzMC9wb2RjYXN0L3Jzcw

Amazon: https://music.amazon.com/podcasts/0087e671-d9c9-4c45-a430-51b1305b2994

RSS: https://anchor.fm/s/b1372830/podcast/rss

Leave your suggestions for new topics in the comments! We read every single one. 🙂

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CONNECT WITH US ON SOCIAL MEDIA

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👋 ABOUT Dynpricing Technologies

Hi, we're Dynpricing Technologies, the dynamic pricing solution tailored for restaurants. Optimize your menu pricing to maximize profitability and cater to diverse clientele.
Check us out: https://dynpricing.ai