103. 4 Tips to avoid UNEXPECTED Restaurant Expenses | Restaurant Owner Mistakes

When a piece of equipment breaks down, it consequently
becomes an unexpected expense. Otherwise, you have set a budget
for such an unforeseen event.


Being in this business for more than six years, we've
learned so much from our mistakes, especially when it comes to
our expenses. The cost of opening a restaurant is no joke, that's
why we need to ensure that we do more savings than
spending.


So here are four tips for you, my fellow restaurant
owners, to avoid UNEXPECTED restaurant expenses:


1. Choose Proactive over Reactive Approach -set your
equipment budget proactively, whether it's for maintenance,
repair, or new purchase.


2. Always read the FINE print -do not just rely on sales
reps and what they SELL you. Scrutinize the fine print and
identify crucial information such as contract period,
cancellation fee, and other hidden charges.


3. Beware of the technician's rate like travel fee,
hourly fee, equipment parts, and expedited shipping.


4. Be organized - have a system in place, use a calendar
to remind you of things that would incur additional fees if not
strictly monitored, like insurance, tax, etc.


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