Lance's thoughts!

Don't be Cheap

Competing on price should be left to the fast-food chains.

If your restaurant isn't achieving sufficient revenue, it's not that your prices are too high; it's the value perceived based on the price is too low.

Price your menu in a way that allows you to be profitable and create a marketable experience that justifies that price based on the value received.

A good sales and marketing process will magnify the value of the experience.

Before you invest in a sales plan, make sure the product you deliver exceeds the value you charge.

Saturday, May 1, 2021