Alright folks! My favorite video of the month is now.
The book reports, and here
we are with another great book report, for restaurant owners.
This book is called the four disciplines of execution.
And I'm gonna tell you all about it and
why you should read it here in a second.
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So, today's book report is, The 4 Disciplines of Execution.
There's three authors. So, I need some notes here.
Sean Covey is one of the authors, who you would know from his father, Stephen Covey,
who wrote Seven Habits of Highly Successful People.
Chris McChesney and Jim Hulling.
So, again the book is called, The 4 Disciplines of Execution.
I'm gonna tell you about it right now.
Hey everybody! My name's Ryan Gromfin, and I'm
an author, speaker, chef, restaurateur and
I'm the founder of therestaurantboss.com,
and we've got a great book report for you today.
It's The 4 Disciplines of Execution.
Now, this book is not for the faint at heart.
It is not weekend reading sitting by the beach and having a Mai-Tai.
This is serious, like business reading.
It is a phenomenal book.
I couldn't read it.
I found it too incredibly boring.
I listened to it.
And again there'll be a link below this video.
To listen or to get a free subscription.
One month or two month free subscription, to audible.
Which is what I use to listen to books.
But, I don't read as many of you know.
I like to listen and this book,
I'm gonna be honest with you, was a tough one to get through.
But, it is incredible.
I don't think I have ever paused or bookmarked, in an audio-book, more than I
did this one for little nuggets, of great information.
Now, the idea behind The 4 Disciplines of Execution
is that you have to execute.
A few videos ago and there'll be a link below here to it.
I did a video talking about ideas and
while I love ideas, my famous quote is that ideas are only 40%.
Execution is the other 80% .
And what I mean by that, is that coming up with great ideas is one
thing, executing them on the other or executing them is the other.
You gotta execute on your ideas.
So, here's the thing I'm gonna give you the four tips,
the four disciplines of execution
they talked about in the book, but you have
got to read this book
if you struggle with getting things done.
If you struggle
with moving the ball forward with opening that second or that fifth or
that 100 restaurant.
If you're not executing day to day the way you want.
It's because of these four things.
The first is to focus on wigs. 'W' 'I' 'G' not this
kind of wig, but a wildly important goal.
I don't believe and the authors of this
book have done a lot of studies on and they don't believe, that you can have six
or seven goals in one year either.
I believe in one goal one wildly important goal.
The second thing is, to make sure that you're measuring something called
lead measures, instead of lagging measures.
Lead measures are the things
that cause the other things to happen;
lagging measures.
So, a lead measure or
let's say a lagging measure might be something like lowering your food cost.
A lot of us are measuring our food cost.
If you're not, go to "clickbacon.com" and
I'll give you some tools to help you with that.
But, a lot of us are measuring
food cost, beverage cost, beer cost, wine cost.
Well that is a lagging indicator.
The leading indicator might be a waste sheet.
If we reduce waste, food cost is gonna go down.
A leading indicator might be better inventory, or tighter ordering.
If we measure our cans of beer every day
and make sure that no one is stealing our beer from us,
our beer cost is going to go down.
So, while a lot of us love to measure food costs, beer costs, labor cost.
Those are lagging measures.
So, start measuring your leading indicators instead of your lagging indicators.
The third is, keep score.
Most of us don't have any kind of a scoreboard.
Again, at "clickbacon.com". We built that software to be a great
scoreboard for your restaurant.
But go ahead and build your own scoreboard.
The analogy, the authors use in a book is one of their children played high school football,
and they were in the New Orleans area.
They went to a high school football game.
Just after Hurricane Katrina and the scoreboard was out.
Nobody was paying attention to the football game.
They were all having side conversations because without knowing the score, the game is boring.
There's no interest.
So, they relate that scoreboard to keep our interest in
the football game, to your business.
What is the scoreboard in your business?
What are you measuring?
That's important and where are you posting it for the team to see.
And then, the last thing is, something I love and I share with clients all the time is
a cadence of accountability.
Cadence is a rhythm, like when you ride a bike.
Though, the RPMs are the rhythm that you pedal is called the cadence.
It's a rhythm.
What is your rhythm of accountability?
Are you very inconsistent in your accountability?
Do you set goals with your team, and then not check up with them?
And then, every once in a while, get angry or blow up.
Because goals aren't being met.
Or, do you have daily check-in?
Do you have a weekly check-in?
What is your cadence of accountability?
Now, I know this is kind of technical
stuff and trust me the book gets even more technical than this but, it is incredible.
It is written by very respected people.
And, a lot of the work that they do.
Goes back to the hospitality industry.
A lot of the business books, I recommend.
Don't really go; right to the restaurant business.
They have a lot to do with business in general.
This book, these guys.
They do a lot of work with, Marriott.
They do a lot of work with restaurants.
They do a lot of work, with hotels, with grocery stores and they cite their case
studies and they're examples in the book.
I really think you're gonna love it.
This video is gone long.
Gonna cut it off, here.
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So, come on over to, "therestaurantboss.com".
As well as, a link to, "The 4 Disciplines of Execution"
You could find that on my website as well. "therestaurantboss.com"
and if, you're on youtube below this video is a link.
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Have an absolutely wonderful day,
and I look forward to seeing you,
with another great video, just like this, next week.
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