{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"6 Financial Mistakes That Are Killing Your Restaurant (and How to Fix Them)","description":"6 Financial Mistakes That Are Killing Your Restaurant (and How to Fix Them) In this episode of Restaurantopia, the guys break down six common financial mistakes that can quietly (or not so quietly) destroy your restaurant\u2019s profitability. Brian Seitz leads the conversation with Anthony Hamilton and Dave Ross, bringing his experience from restaurant acquisitions and financial consulting to uncover what so many operators are doing wrong \u2014 and how to turn it around. From mixing personal and business finances to overleveraging debt, this is a no-nonsense, practical guide to tightening up your restaurant\u2019s money game. \ud83d\udcb8 The 6 Big Mistakes: Mixing Business and Personal Finances Keep your restaurant\u2019s money separate from your personal life. Stop \u201cwriting it off\u201d and start running your business clean. Growing with Debt Instead of Cash Merchant cash advances aren\u2019t growth tools\u2014they\u2019re traps. Learn how to fund responsibly. Not Knowing Your Numbers Your P&L isn\u2019t just a report; it\u2019s your roadmap. Buying Toys You Don\u2019t Need Subscription bloat and shiny new tech can sink you faster than you think. Paying Bills and Taxes Late Late fees and tax penalties are like lighting money on fire\u2014build a contract calendar and stay disciplined. Chasing Profit and Forgetting People Cutting corners on culture will cost you talent\u2014and ultimately, profit. \ud83d\udca1 Key Takeaways Separate accounts, separate mindsets: your restaurant\u2019s money isn\u2019t your money. Debt can kill your business if you treat it like income. Review your P&L every month (or weekly if you\u2019re struggling). Audit your subscriptions and spending regularly. Respect due dates\u2014late payments quietly eat your margins. Don\u2019t forget your team. Profit follows people, not the other way around. \ud83d\udcd8 Bonus: Brian shares how to structure debt-equity deals responsibly, why retained earnings matter, and how to become a true \u201cstudent of the game\u201d when it comes to your restaurant\u2019s finances. ","author_name":"Restauranttopia: A Show for Local Independent Restaurants","author_url":"https:\/\/www.restauranttopia.com","html":"