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The Income Statement: The Single Greatest Key to Success

The Income Statement: The Single Greatest Key to Success



It has been said that the restaurant business is a business of pennies. I believe that is true, and there has never been a more important time to track each and every penny coming into your operation. I can read an income statement quickly and, without even seeing your operation, I can tell you if someone is stealing money; someone is giving away beer, alcohol or food, and even if product is “walking” out the back door. No matter how much experience you have, you can miss what may look like a small detail on the income statement, but it can be the difference between profit or loss. 



Read More at: Modern Restaurant Management

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