World Class Restaurants and Cost Management

This is what I know.  Running  a restaurant is a tough business.   About 60% of them fail within the first 3 years.  Profits are hard-won.  They are highly vulnerable to changes in ownership or chefs.  And customers can choose to eat at many other restaurants, an option that they exercise unpredictably. This is what I […]

The Trusted Employee

My father owned an appliance and furniture store.  It was a small business – in the early 80’s it grossed over a million dollars in revenues.  The business benefited from  the economic boom that followed the end of World War II and it rode that sound wave for over 30 years.  He was very proud of […]

The Wrong Problem

I was reading about the Prohibition Era the other day. The constitutional amendment that authorized it was passed very quickly – after  it passed the Senate,  36 of the 48 states ratified it within a year.  It was seen as the obvious answer to a nation-wide problem of alcohol consumption that robbed men of their […]

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