BULLETIN

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

Related posts
BULLETIN

CPGs grapple with a murky 2022 outlook as inflation, supply chain weigh on operations

BULLETIN

FSA looking into risks from online food sales

BULLETIN

Austin Bakeshop Owner Sarah Lim Shares Her Experience on ‘Queer Eye’

BULLETIN

Insights into the State of Consumer Health and Wellness from NielsenIQ VP Sherry Frey