Justin Baglole, CPA’s Post

There is a direct correlation between hospitality operators who embrace technology and their success. Whether it's digital marketing, payments using Toast, food delivery with DoorDash, or management software like Owner.com. The hospitality operators who adopt technology the fastest are often best positioned to succeed. Here's the catch though, most of the companies selling these technologies get rejected by general managers before they even get a chance to hear them out. Adam Guild talked about this in his ZFellows talk, saying that they average 7 touch points with a business before they buy their technology. Selling to hospitality operators at BarBoards has been challenging, but it's not a surprise that the best operators are the ones that are willing to hear you out before they make a decision. Our close rate once we get on a call is 90%. This is because we are serving these entities in a way that has not been done before. #hospitality #restaurants #doordash #bar #houston

Words and expressions are powerful inspirers for me and I've had a Deliveroo of word-takeaways from this morning's annual Contribution Compass conference: 🌈 FEAR MAKES US THINK SMALL - thank you Caryn Ravić for inspiring us to #cultivate_our_creativity and for sharing the power of #transformation through the art of #Origami (I'm so intrigued to learn more about this....) 🌈 PRACTICE BEING CREATIVE @Niki Smit shared using the Power of Imagination to give ourselves permission to change and become 'unstuck' in our #Creativity 🌈 and KNOW THE VALUE OF YOUR STORY to find ways to connect with people emotionally 🌈 and DANCE WITH FEAR, it's not about getting rid of fear, it's about managing it by making #Curiosity and #Courage our greatest allies, love the Scenario Planning (what's the worst that can happen 🤔 ?) 🌈 THE ORDINARY + EXTRA ATTENTION = THE EXTRAORDINARY 🌈 KEEP DIGGING DEEP - what jewels have you discovered about yourself? ..........What jewels are still waiting for you? #peer2peer #conversationsmatter #loveyourflight

Elevate your appreciation for employees this #NationalEmployeeAppreciationDay by giving them the benefits they deserve! 💼✨ Pizza won’t cut it! #Benefits and #Perks WITH pizza will make a real difference. Because when your team feels supported, your success knows no bounds. 🚀🤝 #GEMenrollments #EmployeeAppreciation #BenefitsMatter #CaringForYourTeam #BenefitsConcierge

Are you looking to stay poor? I've got a surefire recipe for that: Stay busy working IN your restaurant! As your #RestaurantCoach, I'm here to help you understand that your job as an owner or manager isn't just to work in the restaurant. Your main role should be to work ON your restaurant. When you're always stuck in the daily grind, you're not developing new strategies, improving systems, or looking at the big picture. You're playing the short game, not the long one. Don't stay trapped in your kitchen or front of house. Instead, step back and look at the overall vision of your business. Learn to delegate tasks to your fantastic team and trust in their ability to get things done. Time is your most precious resource, and you can't create more of it. But you can leverage it wisely. Your restaurant doesn't need another line cook, waiter, or dishwasher. It needs a visionary, a strategist, an innovator – someone who can steer the ship towards growth and success. Be that person. Remember, don't just work harder, work smarter. Break free from the poverty mindset and start making changes today for a more prosperous tomorrow. And if you need a guiding hand, I'm always here for you. Let's work together on building a thriving and profitable business that you can be proud of! #DonaldBurns #RestaurantCoach #RestaurantOwner #BusinessGrowth #WorkSmarterNotHarder #RestaurantTips #HospitalityIndustry

I learned many, many things from my years in the restaurant industry that have made me a better business owner in a non-hospitality sector. One of them was the belief, widely held in the food industry, that the hardest leap to make if you're scaling a concept isn't the leap from 10 to 20, or from 50 to 100. The hardest leaps to make are the ones from 1 to 2 and from 2 to 3. If you can truly uncover what makes you unique, your secret sauce, the thing that keeps customers coming back again and again... ...and successfully execute that in a new setting... ...with new people... ...if you can do that 3 times...you can probably do it 30 or 300 times. And everybody in restaurants or any other low margin industry knows that's where the real money is. (Whether you actually want to, or have the capital to do it, are different issues.) The lesson? Maybe getting your business from where it is now to where you want it to be won't be this hard for as long as you think it will be. Maybe facing one giant "eat the frog" moment in year 2 or 5 or 7 will make your life a whole lot easier in year 10...15...20. Maybe you're thisclose and just need to dig a little deeper, not work a little longer.

Takeaway.com's Journey to Better Payment Processing In the restaurant and food delivery services, every efficiency counts. Takeaway.com, a leader in the industry, faced a common challenge: high payment processing fees. They needed a solution that would reduce costs without disrupting their operations. Here's how we approached it: We analyzed their current processing setup in detail. We compared their rates to industry standards. Using our industry knowledge, we identified potential savings. We helped renegotiate with their existing provider. The result? Takeaway.com significantly lowered their processing fees without changing providers or disrupting their systems. It's a great example of how a careful review can lead to meaningful savings. Curious about the details? You can read the full case study here: https://lnkd.in/eb8DrR3y Are you in the restaurant or food delivery business? What's been your experience with payment processing fees? We'd love to hear your thoughts or challenges. #FoodDelivery #PaymentProcessing #RestaurantIndustry #CaseStudy

Just Eat Takeaway's decision to delist from the London Stock Exchange highlights ongoing shifts in global financial priorities. By focusing its market presence in Amsterdam, the company aims to reduce operational complexities and costs, underscoring the increasing challenges of dual listings. This move not only streamlines Just Eat’s financial strategy but also raises concerns about the diminishing appeal of London as a global financial hub, especially post-Brexit. For investors and market analysts, this is a reminder of the need to adapt to evolving market dynamics. As companies seek efficiency in cost structures and regulatory frameworks, the financial centers that fail to offer competitive advantages risk losing key players. London's market resilience will be tested further as more firms reevaluate their listings. #FinancialMarkets #JustEat #StockExchange #BusinessNews

Unlock the power of industry insights with Fynbos! 💡Our deep understanding of the food business isn't just knowledge—it's actionable insight tailored for YOUR success. From our experience serving various food businesses, we bring you strategic industry insights that empower smarter decisions. Let's collaborate to harness these insights and steer your restaurant towards greater heights! Register with Fynbos and enjoy our Premium Service for yourself 👉https://bit.ly/3Llkq1g #fynbosaccounting #accounting #accountingservices #accountinglife #accountingsoftware #xero #dext #simplepay #accountingsystem #accountingandfinance #accountingfirm #accountinghub #accountingsolutions #capetownbusiness #SME #supportlocal #foodandbeverage #hospitality 

It's a sector that has gotten lots of flak over the years. It helps us get around and get our food around too. It's a sector that has grown and grown, and only now has reached a saturation point. But were regulators too slow in catching up with the market? Where do you start when you want to regulate the unregulated? More importantly, what's coming next for the controversial sector? My latest article maps out the growth of the taxi and food delivery industry as well as regulators' attempts at getting the market in order. If you like a long read with your Tuesday lunch break, this is for you. Article below 👇 https://bit.ly/3WPYjZM

Are you looking to stay poor? I've got a surefire recipe for that: Stay busy working IN your restaurant! As your #RestaurantCoach, I'm here to help you understand that your job as an owner or manager isn't just to work in the restaurant. Your main role should be to work ON your restaurant. When you're always stuck in the daily grind, you're not developing new strategies, improving systems, or looking at the big picture. You're playing the short game, not the long one. Don't stay trapped in your kitchen or front of house. Instead, step back and look at the overall vision of your business. Learn to delegate tasks to your fantastic team and trust in their ability to get things done. Time is your most precious resource, and you can't create more of it. But you can leverage it wisely. Your restaurant doesn't need another line cook, waiter, or dishwasher. It needs a visionary, a strategist, an innovator – someone who can steer the ship towards growth and success. Be that person. Remember, don't just work harder, work smarter. Break free from the poverty mindset and start making changes today for a more prosperous tomorrow. And if you need a guiding hand, I'm always here for you. Let's work together on building a thriving and profitable business that you can be proud of! #DonaldBurns #RestaurantCoach #RestaurantOwner #BusinessGrowth #WorkSmarterNotHarder #RestaurantTips #HospitalityIndustry