Season 6 - Episode 5 - Judith Cartwright - Understanding Revenue Management!
Send us a textEpisode Description: In this episode of the Chef JKP podcast, host James Knight Pachecco explores the world of hospitality industry finances with special guest Judith Cartwright, founder and Managing Director of Black Coral Consulting. They discuss revenue generation, team management, common mistakes in businesses, and the importance of collaboration between finance and culinary teams for success. The episode is filled with valuable insights and personal anecdotes...
Episode Description:
In this episode of the Chef JKP podcast, host James Knight Pachecco explores the world of hospitality industry finances with special guest Judith Cartwright, founder and Managing Director of Black Coral Consulting.
They discuss revenue generation, team management, common mistakes in businesses, and the importance of collaboration between finance and culinary teams for success.
The episode is filled with valuable insights and personal anecdotes, making it a must-listen for anyone interested in the intricacies of the hospitality sector.
Topics discussed:
· Importance of Revenue Optimization in Hospitality Industry
· Insights from Judith Cartwright
· Revenue Management Journey
· Challenges in Hospitality Industry Operations
· Total Revenue Optimization Culture
· Business Turnaround Strategies
· Menu Engineering and Financial Analysis
· Dynamic Pricing in the Restaurant Industry
· Future of Food and Beverage Industry
· Maximising Revenue and Professional Growth
Key takeaways and lessons:
- Data-driven decision-making is crucial for revenue optimization.
- Collaboration between finance and culinary teams is essential for business success.
- Strategic menu design and staff training can improve profitability.
- Understanding customer demographics and industry benchmarks is vital for informed decisions.
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