Your P&L sheet is a great tool. It gives you one place to see what all your efforts have garnered you in the last month. But remember, it’s only a snapshot of the things that have already happened in your business.

Most business owners look at this and say, OK – this is what we did wrong last month, let’s fix that up this month. But, by the time you get around to reviewing that sheet, you might already be 5, 10 or even 15 days into the month and it doesn’t give you enough time to course-correct and make effective changes.

If you want to make great strides in your business, you can’t be reacting to things in the past. You have to know exactly what’s happening in your business today so you can pivot and make changes day-to-day. Instead of looking in that rear view mirror, you need better leading indicators to run your restaurant.

Action Item:

Set up a budget at the beginning of every month and track actual VS budget every single day to ensure you’re staying in line. If you need help setting this up, please take a look at our new software BACON.


Please Click the Message to Tweet!

[bctt tweet=”P&L sheets are useful for paying taxes and selling your restaurant, NOT running it.” via=”no”]



Subscribe to my channel for more free videos!


Follow me to get daily updates and happenings!


Its just kind of fun to tweet!


Let’s share some beautiful pictures!


There is a lot of cool stuff happening over here!


Please leave your comments or questions below, I promise to respond to every one personally!