David Scott Peters

Journalist

David Scott Peters is a restaurant coach and speaker who teaches restaurant operators how to cut costs and increase profits with his trademark Restaurant Prosperity Formula. Known as the expert in the restaurant industry, he uses a no-BS style to teach and motivate restaurant owners to take control of their businesses and finally realize their full potential. Thousands of restaurants have used his formula to transform their businesses. To learn more about David Scott Peters and his formula, visit www.davidscottpeters.com.

David Scott Peters's Articles ›

The Restaurant Expert

Are you looking for proven restaurant solutions to lower your food cost? I bet you are, since food costs are through the roof with COVID-19. Lower sales, higher costs. Read more ›

David Scott Peters on Oct 4, 2020

The Restaurant Expert

No matter what happens in the next weeks and months, the lesson I hope you take away from this industry crisis is that you can never go back to Read more ›

David Scott Peters on Sep 7, 2020

The Restaurant Expert

In about one week the restaurant industry went from paying overtime to employees because of a shortage of employees to skyrocketing unemployment rates. Although this tip does not directly Read more ›

David Scott Peters on Aug 8, 2020

The Restaurant Expert

Restaurant operators are a resilient group, and I have a lot of hope for you and faith in your ability to get through this pandemic. However, it will take Read more ›

David Scott Peters on Jul 6, 2020

The Restaurant Expert

As an industry, restaurants are very much a cash flow business. As long as sales are coming through the doors, you can pay your bills and make money. So, Read more ›

David Scott Peters on May 7, 2020

The Restaurant Expert

This pandemic, COVID-19 virus, is crippling our industry. My heart goes out to you as you worry about your employees, your vendors, your family and your community. I know Read more ›

David Scott Peters on Apr 15, 2020

Restaurant Expert

The big question when looking to open any new business is, "How much is this going to cost me?" Which also becomes the question of, "Do I have enough Read more ›

David Scott Peters on Mar 15, 2020

The Restaurant Expert

If you really want to be in the restaurant business or you’re trying to remember why you got into it in the first place, I feel your pain. It’s Read more ›

David Scott Peters on Feb 9, 2020

The Restaurant Expert

Managing people and holding them accountable is one of the hardest things to do, especially in a restaurant. As a restaurant owner or manager, learning how to do this Read more ›

David Scott Peters on Jan 16, 2020

The Restaurant Expert

Knowing your ideal food cost is important because it’s one of the numbers that helps you calculate your target food cost. Your ideal food number is what your food Read more ›

David Scott Peters on Dec 27, 2019

The Restaurant Expert

When you see a regular at your bar and sometimes comp them a drink to thank them for making your bar their home away from home, you’re doing something Read more ›

David Scott Peters on Nov 6, 2019

The Restaurant Expert

In all my years of coaching restaurant owners and managers, I have found five common service errors that have the potential to chip away at your restaurant’s quality and Read more ›

David Scott Peters on Oct 22, 2019

The Restaurant Expert

Years ago, I came across a study called “The Spirit of Service.” It was done by a foodservice industry association that is no longer around, but the information it Read more ›

David Scott Peters on Sep 8, 2019

The Restaurant Expert

Operational systems from the back of the house to the front of the house are the only way for your restaurant to earn its potential in profits. The magic Read more ›

David Scott Peters on Aug 1, 2019

The Restaurant Expert

Independent restaurant owners tend to be the nicest, most generous people on the planet (even the grumpy ones). Think about it. They put others ahead of themselves all of Read more ›

David Scott Peters on Jun 1, 2019

The Restaurant Expert

For decades restaurants have been run with one key number in mind to ensure they have a chance of making money. That key number is called prime cost. What is Read more ›

David Scott Peters on May 1, 2019

The Restaurant Expert

Being a restaurant manager can be a difficult job. It can be 100 times harder when you don’t have the right tools and support in place to be successful. Read more ›

David Scott Peters on Apr 1, 2019

The Restaurant Expert

How do you make money in the restaurant business? The reality is it’s the small things that add up, such as reducing the cost of cheese by a nickel Read more ›

David Scott Peters on Mar 1, 2019

The Restaurant Expert

Do you sometimes just want to fire everyone in your restaurant and just do all the work yourself? Do you wonder why people can’t just do it the way Read more ›

David Scott Peters on Feb 1, 2019

The Restaurant Expert

You play a very important role in your restaurant, a role no one else can play. That’s the role of owner. And as an owner, right or wrong, your Read more ›

David Scott Peters on Jan 1, 2019

The Restaurant Expert

Your back door is where you do a very important segment of your business–it’s where you order and receive your product. And it’s where restaurants bleed cash.  To fix this, Read more ›

David Scott Peters on Dec 1, 2018

The Restaurant Expert

Many restaurants fail because they simply failed to plan. How do you avoid failure—small or epic? It’s simple really. You plan for success. You put yourself and your restaurant in Read more ›

David Scott Peters on Nov 1, 2018

The Restaurant Expert

Do you have manager meetings? Not the passing-in-the-hall quick conversations, but actual sit-down meetings where you focus on moving the business forward? If you are, are they effective?  Communication in Read more ›

David Scott Peters on Oct 1, 2018

The Restaurant Expert

Something universal about successful restaurant owners is they never say or accept someone saying to them, “I can’t!” Successful restaurant owners recognize that when someone says, “I can’t,” what Read more ›

David Scott Peters on Sep 1, 2018

The Restaurant Expert

You can’t afford to not make a great first impression. There are too many other options for your guests in today’s marketplace. And with fewer dining out experiences per Read more ›

David Scott Peters on Aug 1, 2018

The Restaurant Expert

Labor is a major area where restaurants can bleed profitability. Why? When the clock goes tick, you owe! For your food costs, if you buy too much food, as Read more ›

David Scott Peters on Jul 1, 2018

The Restaurant Expert

I bet you’ve heard that a typical restaurant makes a nickel to 8 cents on every dollar they bring in. I bet you’ve heard about the study Ohio State Read more ›

David Scott Peters on Jun 1, 2018