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The Restaurant Prosperity Formula
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The Restaurant Prosperity Formula

Author: David Scott Peters

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If you’re ready to stop being a prisoner in your restaurant and finally have the life you’ve been working for, you are in the right place. Podcast host David Scott Peters is a restaurant industry veteran and the original restaurant coach. He spent decades perfecting the systems that helped thousands of independent restaurants reclaim their profits and freedom. He created the Restaurant Prosperity Formula™, which includes a proprietary budgeting system, and it has the power to drive down restaurant owners' food and labor costs by an average of 23%. To learn more about David and his formula, visit www.davidscottpeters.com or pick up a copy of his book, "The Restaurant Prosperity Formula: What Successful Restaurateurs Do."
160 Episodes
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An empty spot on next Friday's schedule is scary. The wrong person filling it is worse. In episode 160 of "The Restaurant Prosperity Formula" podcast, I explain why I'd rather be short-staffed than keep the wrong employee on my team, even though I know how painful a hole in the schedule can be for an independent restaurant owner. You'll hear about the hidden costs of a bad restaurant employee that never show up on your P&L, why a talented employee with bad behavior can be the most dangerous person in your building, and how tolerating poor performance affects your best people and your managers. I also share a simple three-word framework, know, can, choose, that helps you figure out whether you're facing a training problem, a role problem or a choice, so you can make the call with confidence.👍 Book a Profit Finder Call ­– https://dsp.coach/podcast-ryan-callSponsor – Service with Style: www.servicewithstyle.com/dsp🖥️ Get My Latest Training Video: https://dsp.coach/training-opt-inVisit my website for more information about my restaurant coaching program: https://www.davidscottpeters.com/restaurant-transformation-coaching
I've talked to a lot of experts about a lot of tools, but this conversation with Josh Kopel might be the one that changes how you think about marketing for good. Josh is a 20-year restaurant veteran turned marketing expert, and this is his third time on the show, which tells you how much value he brings every time we talk. In this episode of “The Restaurant Prosperity Formula,” we get into how independent restaurant owners can use AI to build a stronger brand identity, get found by the AI search engines that are quietly replacing Google, fix pricing and menu design to boost per-person spend, and even build an AI-powered outbound sales team for catering, all without hiring an agency or a salesperson. If you've ever felt like marketing is something that happens to other, bigger businesses, this episode will change your mind.👍 Book a Profit Finder Call ­– https://dsp.coach/podcast-ryan-call Sponsor – Service with Style: www.servicewithstyle.com/dsp🖥️ Get My Latest Training Video: https://dsp.coach/training-opt-inVisit my website for more information about my restaurant coaching program: https://www.davidscottpeters.com/restaurant-transformation-coaching
Most restaurant owners say they want managers who take ownership, show initiative and solve problems without a phone call. What they often build instead are managers who wait for permission. In episode 158 of “The Restaurant Prosperity Formula” podcast, I break down why knowing your systems isn't the same as knowing how to think, and I walk through the progression every manager needs to move through: knowledge, thinking, judgment and, finally, independence. Listeners will learn a five-question framework for coaching decisions in real time, how to tell the difference between a mistake and negligence, why reviewing decisions after the fact builds judgment faster than any training manual and why letting a manager make a different choice than you would isn't automatically a problem.👍 Book a Profit Finder Call ­– https://dsp.coach/podcast-ryan-callSponsor – Service with Style: www.servicewithstyle.com/dsp🖥️ Get My Latest Training Video: https://dsp.coach/training-opt-inVisit my website for more information about my restaurant coaching program: https://www.davidscottpeters.com/restaurant-transformation-coaching
Your restaurant doesn't lose its standards overnight. It loses them one ignored miss at a time, and in episode 157 of the Restaurant Prosperity Formula podcast, I break down exactly how that happens and what to do about it. I walk listeners through the three stages every missed standard moves through: the first miss, which is simply information; the repeated miss, which signals a pattern; and the ignored miss, which quietly becomes permission. Along the way, I share a five-part coaching format managers can use on the floor, real examples covering closing checklists, portion control and hospitality, and a simple seven-day exercise for catching and correcting misses before they turn into culture. If you've ever wondered why your team seems to be "getting away" with more than they used to, this episode explains how it happened and how to reverse it.👍 Book a Profit Finder Call ­– https://dsp.coach/podcast-ryan-call Sponsor – Service with Style: www.servicewithstyle.com/dsp🖥️ Get My Latest Training Video: https://dsp.coach/training-opt-inVisit my website for more information about my restaurant coaching program: https://www.davidscottpeters.com/restaurant-transformation-coaching
At the end of a shift, most restaurants lose the one thing that could save them money: the truth about what just happened. In episode 156 of the Restaurant Prosperity Formula podcast, I break down the five questions every manager should answer before they clock out, so cost leaks, hospitality breakdowns and accountability gaps get caught while they're still small instead of becoming next month's bad habit. Listeners will learn why a typical manager log falls short, how comps and waste double as clues rather than just line items, why hospitality problems quietly turn into cost problems, and how to build a simple, repeatable review that takes 10 to 15 minutes but changes how a restaurant is run.👍 Book a Profit Finder Call ­– https://dsp.coach/podcast-ryan-callSponsor – Service with Style: www.servicewithstyle.com/dsp🖥️ Get My Latest Training Video: https://dsp.coach/training-opt-inVisit my website for more information about my restaurant coaching program: https://www.davidscottpeters.com/restaurant-transformation-coaching
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