Artwork for podcast The Restaurant Prosperity Formula
How to Run a Restaurant - the Story of a Former CFO's Journey With Systems
Episode 92nd December 2020 • The Restaurant Prosperity Formula • David Scott Peters
00:00:00 00:50:02

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How to Run a Restaurant

In this episode of The Restaurant Prosperity Formula podcast, host David Scott Peters talks to Steve Eller, restaurant owner of Cosmic Cowboy in Idaho. David and Steve talk through Steve’s experience adopting and working with David’s restaurant systems. Steve’s story is interesting in that he was already using a lot of the systems that David teaches, but his prime cost was too high, and he was looking for the answer to why and how to finally get past the plateau. Steve was a CFO before he opened his restaurants, and he was a budgeting professional, and he talks about the things he learned in budgeting for restaurants after working with David. Steve is an independent restaurant owner who is using systems during COVID to get a deeper understanding of the numbers behind his restaurant’s operation, get answers to how to improve the numbers and be set up to benefit at a maximum level once the pandemic is over. Plus, using his past experience in commercial real estate, he’s planning to use his understanding of these systems to help him evaluate future restaurant opportunities. Listen to this podcast to hear an independent restaurant owner’s journey on the search for what he didn’t know.

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