Future of Restaurants
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Future of Restaurants
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chefmark.us
Nick Kokonas - Know What You Are Selling – [Founder’s Field Guide, EP.8]
open.spotify.comFantatic episode on thinking outside the box!
Restaurants famously have low margins, but Nick Kokonas transformed the cashflow and risk profile of his restaurants by rethinking what they were selling as performances rather than just food. This made them realize they could sell tickets instead of having people pay after the meal, which allowed them to plan ahead and cut costs, all the while increasing their margins. This interview was a great reminder that there is still so much opportunity to figure things out and make things better for everyone, even in an industry as old as the restaurant business.
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everytable.com
Now that restaurants are mostly open again - * Let's talk about the right way to book them *
This is a more complicated subject than one might think (warning: long thread). And a frustrating one for both diners and restaurant owners.
And me!
Because, well, we've... See more
nametwitter.comInvest Like the Best with Patrick O'Shaughnessy on Apple Podcasts
podcasts.apple.comFantastic episode on thinking outside the box!
Restaurants famously have low margins, but Nick Kokonas transformed the cashflow and risk profile of his restaurants by rethinking what they were selling as performances rather than just food. This made them realize they could sell tickets instead of having people pay after the meal, which allowed them to plan ahead and cut costs, all the while increasing their margins. While I’m not personally involved in the restaurant business (in fact I almost didn’t listen to this episode because I thought the topic would be boring!), this interview was a great reminder that there is still so much opportunity to figure things out and make things better for everyone, even in an industry as old as the restaurant business.