Cut Small Business Costs & Save MORE Money 💵 | Restaurant Management Small Business Tips 2022

🚀 FREE COURSE ON HOW TO START A FOOD BUSINESS
[Playlist] Foodiepreneur’s Finest Program - swiy.co/start-FPF-program
🚀 FREE COURSE ON HOW TO START A RESTAURANT BUSINESS
[Playlist] Profitable Restaurant Owner’s Academy - swiy.co/Start-PRO-Academy
Check out these popular restaurant business playlists
1.) Restaurant Management Basics To Open A Successful Restaurant - • 6 Traits Successful Re...
2.) Restaurant Marketing Tips To Get More Customers - • How To Market Your Res...
3.) Restaurant Hiring Tips & Reduce Employee Turnover - • Top 5 Restaurant Hirin...
Want to cut your expenses and costs? I show you 8 ways small businesses and restaurants can keep more money in their pockets...
I know I know - everyone wants to reduce costs for their small business. And if you're in the restaurant business, you're already running in super-slim margins. But how exactly do you shave off some expenses?
In this video I walk you through how to properly reduce your costs in a smart way - not a dumb way where you cut something and it ends up hurting your business. It all starts off with a roadmap. That way you have a clear idea HOW you're going to go about cutting the costs, rather than just dreaming about it. It is about action!
Next is all about knowing your numbers. Specifically tracking your KPIs and metrics of your business. Once you do that, you can then compare how your small business or restaurant business is doing versus the industry benchmarks. For instance, if you find that your labour costs are higher than the industry standard, you can NOW play detective and see what is the reason and make the changes. But you need to be tracking your numbers first to know that there is a problem and inefficiency in your business. You'd be walking blind if you didn't.
Next is to understand the difference between Fixed and Variable expenses. It will give you a better understanding of what has little to no room for change - meaning you need to makeover that 100% of the time. And what has variance and can be adjusted depending on the circumstances. This gives you more clarity in what you could do.
📚 RESOURCES
🛠 Community & Tools
[EQUIPMENT] Tools & software I recommend using -
learnnow.wilsonklee.com/toolsYT
[MARKETING] Learn marketing tricks that McDonalds & Starbucks use - gumroad.com/a/691410035?...
ABOUT WILSON:
I’m Wilson, your new restaurant business partner. I’m here to help turn your food and beverage concept into a reality with expert tips & tricks for success.
My videos are based on years spent in the industry building multi-million dollar businesses, including my own international dessert chain (720sweets.com/) with locations spanning the globe. Since my franchise was acquired (2020) it’s been my mission to share this knowledge with people like you who have great ideas, but just can’t seem to break through. If I did it all with no experience, so can you. I know firsthand the struggles and mistakes most entrepreneurs make, and want to show you exactly how to avoid them.
I’ve helped hundreds of restaurant owners and entrepreneurs create explosive Food & Beverage businesses. You don’t have to take my word for it. I’ve been awarded Top 30 Under 30, Young Entrepreneur of the Year, Top 10 Emerging Entrepreneurs, and recently a Forbes Business Council Member.
Subscribe to see what everyone’s talking about and learn how you can achieve the same life-changing results.
Find more great resources, check out www.wilsonklee.com/
CONNECT WITH WILSON:
Instagram: / wilsonklee
Facebook: / wilsonkinglee
Collabs/Sponsorship: [e-mail]
Send items to: 18th Floor 450 SW Marine Drive, Vancouver BC V5X0C3 Canada

[@WilsonKLee]

💎 [FREE COURSE] Learn how to start an online food business - swiy.co/start-FPF-program 🚀 [FREE COURSE] Learn how to start a restaurant/brick&mortar business - swiy.co/Start-PRO-Academy

[@PeaceChanel]

Thank You Everybody for All that you are doing for our Planet Earth.. Peace Shalom Salam Namaste 🙏🏻😊🌈✌☮❤🕊

[@micotheentrepreneur]

My favorite business mentor. Great video as always!

[@WilsonKLee]

Awesome! Thank you!

[@antoniodossantos5960]

Thanks Wilson 🌎

[@whoistheman2014]

Thank you, WIlson, you're making an impact. You're doing good. Keep going, it helped a lot.

[@WilsonKLee]

Thank you too!

[@ShoppingwithRina]

Thank u so much

[@bkkthaiuk4684]

Thank you very very much. This is very useful for students in business studies. Very best.

[@WilsonKLee]

You are welcome!

[@Aliusmi]

👍🏻

[@WilsonKLee]

Glad you liked it!