Budget control and optimization for restaurants
Restaurant management
What you will learn
Define your budget per cost group
Use your budget as a guideline to optimize results
Define the elements needed to optimize results
Learn why budgeting is important
Learn why keeping accurate track of costs and revenues is important
Learn how to compare budget with actual results
Understand why standardization is key in managing your restaurant
Identify where problems occur in terms of costs
Learn what causes specific problems
Learn how to use Sales variant analysis
Define the impact of sales volume
Define the impact of spending power
Learn how to use Cost variant analysis
Define the impact of food cost
Learn how to use Labor variant analysis
Define the efficiency of your staff
Why take this course?
This course 'Budget control and optimization for restaurants' is based towards students who are interested in taking control of their restaurant budgets and costs.
If you want to figure out how your actual restaurant results are doing compared to the budget and want to learn how to find out what elements are responsible for your restaurant losing money or overachieving, then this course is for you.
Together we will discuss all the elements needed to set up a budget or a standard costing system for your restaurant an how to compare it to the actual results.
By the end of this course you will have a solid foundation and understanding of Variant analyses for your restaurant. This allows you to take control of your budget and fine tune it. You'll know how to pinpoint the problems in your budget and therefor find solutions to decrease costs, increase profits and have more accurate budgets.
We will discuss why forecasting and standardization are important tools in your restaurant.
You will learn how to use important techniques that will help you better manage your restaurant. You'll learn what Sales variant analysis, Cost variant analysis and Labor cost analysis is and how to use these tools to optimize your restaurant.
So get started and increase the profits of your restaurant today!
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