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FINANCES

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An Unintimidating Approach to Learning Financial Management Principles

Most restaurants are owned and operated by people without a background in finance. But without an understanding of finance, a restaurant won’t be around for long or won’t yield the financial success of a well-run business. The MoneyWise Manager™ series allows for owners and managers to learn important financial concepts quickly and provides strategies to implement those methods for an immediate positive effect on the bottom line. .

The series of 9 micro-courses is built to empower independent operators by providing foundational financial education and sound business strategies that, if implemented, have a high probability of increasing profits.

Easy Access to Critical Information that Will Increase Profitability

Running a successful restaurant requires more than just great food and service. Owners and managers must have a solid understanding of money management procedures to ensure profitability and sustainability. The MoneyWise Manager™ series educates in the knowledge and skills needed to effectively manage an operation’s finances.

9 Content Modules (15/20 minutes each) Printable Resources with Each Module
Fully Narrated with a Glossary of Financial Terms Each Module Ends with a 10-Question Assessment

KEY TAKEAWAYS

  • INCREASED PROFITABILITY: When a manager understands the financial aspects of running a restaurant, they are better equipped to make decisions that can increase profits.
  • BETTER BUDGETING: A trained restaurant manager can create a budget that accurately reflects the restaurant’s financial situation.
  • IMPROVED INVENTORY MANAGEMENT: A restaurant manager who understands cost control can manage inventory more effectively.
  • MORE EFFECTIVE MENU PLANNING: A trained manager can use financial data to make informed decisions about menu planning.
  • BETTER CASH FLOW MANAGEMENT: A manager who is trained in financial management can ensure that the restaurant has enough cash on hand to meet its financial obligations.

How It Works

1. Purchase the MoneyWise Manager™ series for all of the decision-makers and financial cohorts within your operation.
2. Your account will be set up and ready to use within one businenss day.
3. Begin accessing the training and immediately implement the strategies outlined to improve the financial health of your operation.




Included Courses

  • •Introduction to Profit & Loss Management
    Learn the definitions, purpose, how to read and challenges of a P&L statement
  • •Understanding a Profit & Loss Statement
    Examine the COGS (Cost of Goods Sold), revenue, expenses of your P&L and how to manage them effectively
  • •Examining a Profit & Loss Statement
    Explore the sales, revenue and expense catiegories of your operation and identify strengths and weakness in your existing financial structure
  • •Budgeting & Forecasting: How to Do It & and Why It Is Important
    Learn how to balance profit margins, inventory and labor costs while implementing short and long terms financial goals
  • •Cost Management
    Understand how to monitor and control expenses, optimize resources and increase operational efficiency
  • •Understanding & Implementing a Pricing Strategy
    Explore pricing models and select what is best for your operation based on cost, market and other relevant factors
  • •Revenue Management
    Dive into the data and analytics of your menu, costs, revenue and pricing to find the perfect balance to increase profitability
  • •Managing Cash Flow
    Explore strategies to effectively manage cash flow and maintain financial stability
  • •Developing an Action Plan for Your Operation
    Develop an action plan for your operation to deploy P&L management, monitor KPIs (Key Performance Indicators) and ensure profitability