PROTECTING THE BOTTOM LINE

You may be asking: What exactly is this”Model”? In the context of this book, the “Model” refers to the financial framework and strategies that guide a restaurant’s operations, sustainability, and profitability. It’s not a single entity but a composite structure made up of various elements including profit and loss management, pricing strategies, understanding customer behavior, menu management, and more.

The model is likened to the heartbeat of the business, something that requires continuous monitoring, evaluation, and adjustment to keep the restaurant on a path of health and success. It’s the foundation upon which the restaurant is built, linking every aspect of the business from culinary artistry to customer service with the imperative of financial health.

Protecting the model means not only maintaining this financial foundation but optimizing and aligning it with the restaurant’s financial goals and market realities. It’s an ongoing process that demands financial acumen, strategic thinking, and a focus on both immediate realities and future possibilities.

In essence, the “Model” encapsulates the financial essence and philosophy of the restaurant business, tying together diverse elements into a cohesive strategy that ensures not just survival but thriving in a competitive and ever-changing industry.