5 Ways To Reduce Labour Costs For Restaurants | Restaurant Management & Small Business Tips 2022
Channel: Wilson K Lee - How To Open A Restaurant / F&B Shop
Date: 2020-04-16

Want to increase your profits? Here are 5 ways to reduce labour cost for restaurants and small businesses...
🚀 FREE COURSE ON HOW TO START A FOOD BUSINESS 
[Playlist] Foodiepreneur’s Finest Program - https://swiy.co/start-FPF-program

🚀 FREE COURSE ON HOW TO START A RESTAURANT BUSINESS
 [Playlist] Profitable Restaurant Owner’s Academy - https://swiy.co/Start-PRO-Academy

Labor is one of the big 3 costs for restaurants and small businesses. In the last video I talked about how to calculate your labour cost. Now that you know what it is, you're now ready to put on your detective hat and lower your labour costs. 

These 5 ways to cut labour costs are what I do and have done to grow my businesses and increase my profits. Many of them are TIED to how you manage your restaurant staff, retaining good talent, creating a positive culture, and making your business more efficient. All which benefit you, your staff, and customers. 

It is important you approach these 5 ways appropriately. You shouldn't do so in a cut throat manner just to make more money. Things like paying your staff more and cross-training may look like you're increasing your labour cost, but long-term you're saving you a lot more money. That's because you're willing to pay your good staff more, you're willing to train your staff to do multiple roles - each helps build staff loyalty, satisfaction, and more accountability. Which all helps in reducing staff turnover and makes your staff more motivated to do a good job. It is with THIS mindset you should be having if you want to truly run a successful restaurant. 

So if you're a restaurant owner, food business owner, restaurant manager, small business owner, and are looking to reduce labor costs or increase profits, or how to start a successful restaurant, then keep watching!

📚 RESOURCES

🛠 Community & Tools
[EQUIPMENT] Tools & software I recommend using - 
https://learnnow.wilsonklee.com/toolsYT
[MARKETING] Learn marketing tricks that McDonalds & Starbucks use - https://gumroad.com/a/691410035?utm_content=wilsonklee
 
ABOUT WILSON: 
I’m Wilson, your new restaurant business partner. I’m here to help turn your food and beverage concept into a reality with expert tips & tricks for success. 

My videos are based on years spent in the industry building multi-million dollar businesses, including my own international dessert chain (https://720sweets.com/) with locations spanning the globe. Since my franchise was acquired (2020) it’s been my mission to share this knowledge with people like you who have great ideas, but just can’t seem to break through. If I did it all with no experience, so can you. I know firsthand the struggles and mistakes most entrepreneurs make, and want to show you exactly how to avoid them. 

I’ve helped hundreds of restaurant owners and entrepreneurs create explosive Food & Beverage businesses. You don’t have to take my word for it. I’ve been awarded Top 30 Under 30, Young Entrepreneur of the Year, Top 10 Emerging Entrepreneurs, and recently a Forbes Business Council Member. 

Subscribe to see what everyone’s talking about and learn how you can achieve the same life-changing results. 

Find more great resources, check out https://www.wilsonklee.com/

CONNECT WITH WILSON: 
Instagram: https://www.instagram.com/wilsonklee/
Facebook: https://www.facebook.com/WilsonKingLee/
Collabs/Sponsorship: hello@wilsonklee.com
Send items to: 18th Floor 450 SW Marine Drive, Vancouver BC V5X0C3 Canada 

#wilsonklee #howtocalculatelaborcost #restaurantmanagement