Maximizing Your Restaurant’s Profitability: Insights from David Hopkins
Canada's restaurant industry is grappling with rising food and labor costs, shifting consumer habits, and economic uncertainties. David Hopkins, President of The Fifteen Group, discusses how restaurants can maximize profits and create new concepts. Hopkins emphasizes the importance of detailed business planning for new restaurants and strategizing for peak seasons like the holidays. He also touches on trends and the cautious use of technology and Ai in the industry.
Just Good Business 🍁 · David Hopkins, Michael Monaghan, Al Grego, Gad Elharrar, Sean McCormick
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Show Notes
Chapter 1: Maximizing Your Restaurant’s Profitability: Insights from David Hopkins
Canada's restaurant industry is grappling with rising food and labor costs, shifting consumer habits, and economic uncertainties. David Hopkins, President of The Fifteen Group, discusses how restaurants can maximize profits and create new concepts. Hopkins emphasizes the importance of detailed business planning for new restaurants and strategizing for peak seasons like the holidays. He also touches on trends and the cautious use of technology and Ai in the industry.
Chapter 2: Tech to Table: How Moneris Go Restaurant Elevates Your Business Operations
Al dives into the latest technology to streamline restaurant operations with Gad Elharrar, VP of Product, and Michael Monaghan, Director of Product at Moneris. They introduce Moneris Go Restaurant, a commerce solution designed for small and micro-merchants. Learn how this solution is exceeding expectations and meeting the evolving needs of Canadian restaurateurs.
Chapter 3: Putting a bow on consumer spending during the Toronto Blue Jays’ epic post-season
The World Series has wrapped up, and unfortunately for Canadian baseball fans, the Toronto Blue Jays came up short. While the on-field results weren’t what we hoped for, the story at the cash register tells a different tale for small Canadian businesses. Al sits down with consumer spending data expert Sean McCormick to break down the numbers from Toronto’s postseason run. The conversation even takes a therapeutic turn as Sean helps Al process the loss.
Links of Interest
Chapters:
- 00:00:00 - Introduction
- 00:00:48 - Chapter 1: David Hopkins on Maximizing Your Restaurant's Profitability
- 00:13:54 - Chapter 2: Moneris' Product Team on How Moneris Go Restaurant Elevates Your Business Operations
- 00:22:09 - Chapter 3: Sean McCormick Putting A Bow On Consumer Spending During The Toronto Blue Jays’ Epic Post-Season
- 00:30:58 - Outro
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Just Good Business is a Moneris podcast production hosted by Al Grego.