Championed by our friends at Community Futures Sunrise
How do you make a small fortune in the restaurant biz? Start with a large one!
It's a running joke (albeit a bad one) in the food industry and one both NTN Pro, Ron Robichaud, and #GabLab Host, Taunya Woods Richardson, have experienced first-hand. Joking aside, the restaurant biz is known as a "penny-industry", where every single cent needs to be scrutinized in order to turn a profit. And now, add a Coronavirus to the mix, and the recipe's even tougher to nail! Thanks to our champion, Community Futures Sunrise, you can catch Ron Robichaud's winning formula for creating bottom-line profit in your restaurant, either through implementing Best Practices (Part 1), suggestions to Hold the Line through Covid (Part 2), or considering any number of of the Quick Fire creations (Part 3).
Part 1 // Best Practices
Pandemic or not, there is a "Rule of Thumb" Ron suggests and walks us through Part 1 of Rural Resilience for Restauranteurs. Uncover many of the industry's best practices including the Rule of 30!
Part 2 // Hold the Line
Ron had so many golden nuggets, 30 minutes wasn't enough. In this follow up segment. Tune in to hear Ron's advice for restauranteurs, looking to hold the line through Covid.
Part 3 // Quick Fire Round
Things are heating up!! The Quick Fire Round provides the restauranteur with a number of ideas to generate top-line revenue in the business. BUT... don't forget to calculate your ROI on time to ensure the idea will pay off.
About the Pro // Ron Robichaud
With career experiences that span over forty years, Ron Robichaud has worked in diverse industries: manufacturing operations, finance, small business management, community development, the service sector and was an elected official in municipal government for a few terms.
Ron began his career as a textile engineer where he gained expertise in work-flow processes in manufacturing. He and his wife later purchased and operated a retail business for 5 years, more than quadrupling its sales in the first year.
Ron has been an adjunct Professor both at Acadia University and Université Sainte-Anne where he taught classes in Small Business Management and Economics. His work in outreach community development departments in both universities led to world-wide recognition in community economic development. Ron also worked with a Community Business Development Corporation (CBDC) providing business coaching and small business loans.
About the Champ // Community Futures Sunrise
Community Futures (CF) Sunrise provides loans, advice and support to entrepreneurs and businesses in southeast Saskatchewan.
With a mission to support the development of business in the region, CF Sunrise strives to offer innovative and customized financing and training options that encourage business growth.
The board and staff are committed to helping entrepreneurs access the capital and training needed to create and grow successful businesses. Get in touch with CF Sunrise today. They’re here to help!
CF Sunrise is part of a network of 267 Community Futures offices across Canada. They have a rich history of helping businesses succeed.
Gab Lab Champ // CFSask.ca/Sunrise 1.877.851.9997
Gab Lab Host // www.nailthenumbers.com 1.855.610.1710
Have an idea for a Gab Lab episode? Looking for help with a specific topic?
Hit us up at firstname.lastname@example.org