80/20 rule
Hospitality Financial Leadership – Testing vs. Trusting
[quotes quote=”All of life is an experiment, the more experiments the better.” citation=”Ralph Waldo Emerson” width=”maxwidth100″ align=”default”]
When you really want to do something, the “how to” shows up everywhere. Getting into and staying in action is the key. Having and holding onto the notion that we must have the…
Hospitality Financial Leadership – Food Cost and the 80/20 Rule
We have all heard of the 80/20 rule. But I am willing to bet most of you have not heard it in conjunction with the words “food cost.”
A good friend of mine who was an executive chef explained it to me and I am going to share it with you.
So first…