#471 - Restaurant Profitability - The Five Killers and How to Beat Them***** This week's episode is brought to you by: KICKFINThousands of restaurants across the country use Kickfin to send instant, cashless tip payouts, directly to their employees’ bank accounts, the second their shift ends. Get in touch today for a personalized demo and see how restaurants and bars across the country are tipping out with Kickfin. VISIT: https://kickfin.com/demo/ *****PROFIT KILLER #1: RAZOR-THIN MARGINSPROFIT KILLER #2: HIGH LABOR COSTS AND TURNOVERPROFIT KILLER #3: FOOD COST VOLATILITY AND WASTEPROFIT KILLER #4: FIXED OVERHEAD EXPENSESPROFIT KILLER #5: INTENSE COMPETITION AND PRICING PRESSURE *****Are you struggling to generate consistent, predicatble 20% profit in your restaurant? Let's talk about the power of the P3 Mastermind: https://www.restaurantstrategypodcast.com/schedule