WASTE NOT, WANT NOT (THE CASH DRAIN)

Show Notes (Arrive Version)

Episode Title: Waste Not, Want Not: The Cash Drain (Episode 90)

Episode Description: Spoilage is a direct reduction of your business valuation. In this episode of Arrive, Mike Hernandez explains how Independent Owners must implement strict financial controls to stop daily food waste from destroying their cash flow.

What You Will Learn:

• The Cash Drain: How twenty dollars a day in waste equals seven thousand dollars a year in lost cash.
• Mandating the Review: Why Owners must require their Store Managers to submit the spoilage log weekly for financial review.
• Menu Optimization: How to use the waste data to completely remove unprofitable items from your store inventory.
• Business Management: Mike shares his early experiences analyzing the graveyard shift trash to understand profitability. Resources & Links:
• Download the Annual Spoilage Cost Calculator: Text the code word PROFIT to 9 5 6 - 8 9 7 - 9 1 9 2.
• Recommended Listen: Dive: Episode 79.