With excitement, allow me to introduce to you today's guest: Emeritus Faculty of The Hotel School of Cornell University, Stephani Robson. Until her recent retirement, Dr. Stephani Robson was a member of the faculty at the Cornell University School of Hotel Administration for almost 30 years, where she taught literally thousands of students and executives about development and planning for hotels and restaurants. Prior to joining academia, she designed commercial kitchens for just about every kind of operation: restaurants, hotels, airports, hospitals, universities, and more.

Check out episode 802: Ramp Up To Financial Sustainability with Ken Schwartz as mentioned in today's workshop.

Show notes…

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Favorite success quote or mantra:

“Know who you’re talking to and what they care about.”

In today's episode with Stephani Robson we will discuss:

Occupancy cost thumb rule: money you spend on real estate
Rent
Property tax
CAM - common area maintenance
NO MORE THAN 10% IN REVENUES
What is your average check?
Be specific
How many covers/units of sales
Don’t multiple by 52/every week is not equal

Today's sponsor:

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Contact info:

Email: skr4@cornell.edu

Thanks for listening!

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Huge thanks to Stephani Robson for joining me for another awesome episode. Until next time!

Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

822: Stephani Robson - Business planning workshop part 2 of 3 - Pro Forma

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822: Stephani Robson - Business planning workshop part 2 of 3 - Pro Forma