Restaurant Financial Basics

Very Good quality. Excellent product.

excellent recomended many thanks

I have read a few titles in regard to restauarnt management and start up to fine tune my restaurant management know how to better my odds at this cut throat industry. After going thorugh this book, it gave some really good insight, and more importantly knowing the numbers really helped provide substance for the strategy and management mantra from other reading. This is more like a textbook, so it is not for everyone, but for what the authors set out to achieve - Restaurant Finacial Basic it is pretty spot on.To improve, I will suggest some simple but intersting case study to supplement, this will really engage the reader and tied up the teaching in the book nicely.

Legalese anyone? Like almost every "how to" book I ever buy, it over complicates stuff. In fact, a typical college book is far more to the point and easy to read than most books I get, although I would say this is slightly better than a college book (because it is organized more coherently and more to the point rather than 1,000 pages of useless rhetoric). The reason is I think most of these how to books (how to build your own house, how to represent yourself in court, how to start a business etc.) they all seem to push you in the direction of "hiring a professional" rather than doing it yourself. But the whole point of buying the book is to learn to do it yourself.This book certainly is not as bad as most others, it does cover all the basic information and very similar to a straight to the point college textbook on accounting. However, it's dry and technical. I haven't finished the book yet, but just one example: if I were to start a business I would have some sort of escrow funds for an emergency. This would cover some unexpected event like a roof leak, an expensive piece of equipment needing fixed etc. I would start out with this money before I open the business and not touch it unless needed. When it is depleted I would devise some way to quickly replace it via a monthly "expense". In here it tells you to take the life span of an appliance and the cost and divide the lifespan by the cost and get an average monthly depreciation (linear), then add that "expense" into your monthly accounting. Seriously, who does that? And how practical is that? Maybe it's needed in some kind of beaurocratic business, but this is supposed to be about how to run a small operation.It's relatively simple to start a small business. Rather than just go through the very basics of getting the business license, making sure the government doesn't shut you down and covering your a-- on the most common mistakes, instead what we get here is a long book written in legalese. It's a very good book with good information, almost essential reading in a way, but you will need to take your brain food to read this one. Unless your are some kind of genius will probably have to re-read most of it several times just for it to sink in. It needs a complimentary companion book, something like "Financial accounting for dummys" (maybe that book actually exists, what I mean to say is there needs to be a companion book that is simplified and practical, then after getting the basics down, move on to this more technical book). Or if you have already taken accounting in college (or maybe have some background in this), then this book would be a very good summary and refresher and you could dive right in.

great book to know how to acert your finances in a proper way, really good book to have in store