Latest AMP News


Build a winning team to compete

QUESTION: We’ve had a great couple of years, and I’m ready to take my team to the next level. What is the best way to do that?

A:
Building a great team can be a challenge. To begin, realize the team will never exceed the passion and enthusiasm of its leader. Judge yourself harshly. There are many examples of restaurants that struggle and the root cause is a lack of drive, passion and knowledge in its leader. Without continual growth at the top, high performers will become quickly bored and move on to a better team.

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Three ways to stay relevant in the offseason

Q: This is the most difficult time of year for our business. The majority of our sales are seasonal and we are now in the offseason. What was can I maximize our business to keep from building a big hole?

A:
Seasonal businesses face a difficult challenge when times are busy and when times are slow. It’s not unusual for a seasonal business to produce 65 to 75 percent of annual sales during peak season. For many seasonal businesses the non-peak season creates cash flow issues, staffing crises and morale issues. To stay relevant, this is the time for you as the leader to do your best and most difficult work.

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Four Financial Trends Offering a Rare Opportunity

Q: As we start a new year I’m looking at trends in many different areas. I’m curious, what are the major issues in the financial areas?

A: Every year starts fresh with new ideas, energy, hope, interest and challenges. As we begin a new year, the restaurant industry has a rare opportunity to address and fix some issues.

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