Category: The Model

• The Model

  Strategic Upselling: Enhancing Customer Experience and Boosting Profitability

  Upselling, or suggestive selling, is a nuanced sales technique where a seller, such as a restaurant cashier or an application, encourages a customer to add complementary items, upgrades, or more expensive choices to their chosen product. This might involve enticing a guest to consider a side dish, a special drink,…

  August 13, 2023
• The Model

  Introduction: The Imperative of Financial Management in the Restaurant Industry

  In the dynamic world of the restaurant industry, one truth remains constant: if you do not protect the financial model, you will fail. The art of running a restaurant goes far beyond crafting the perfect dish or designing a memorable dining space. It’s about financial acumen, meticulous management, and a…

  July 25, 2023
• The Model

  What is the “Model”?

  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,…

  July 18, 2023