Tim Kummerfeld’s Post

I have given 20+ years of my life to the hospitality industry. Some of you might have given 30, 50 or even more. Yesterday, I talked about what to consider if a person wants to start a restaurant business. So let's help them one more time. In 7 words or less, what advice would you give to a person who wants to start a hospitality business? Here is mine: "Passion will make everything easier" #restaurant #restaurantindustry #hospitality #entrepreneurship

The Business may change, but your management skills always hold their value. Just last week, I found myself managing a bustling kitchen & front-of-house team alongside a Michelin-starred chef. It’s funny where these skills can take you—sometimes beyond your profession and passion. But that’s what makes it exciting and challenging, and that’s the best part! #businessmanagement #ireland #entrepreneurship

The Restaurant Industry: Challenges and Realities Running a successful restaurant is challenging, with industry statistics showing that 60% of restaurants fail within the first year. Why? 1. Low profitability in a risky, volatile industry 2. Difficulty in scaling beyond 1-2 locations 3. Capability gaps in managing both service and manufacturing aspects The restaurant business demands diverse skills to tackle numerous challenges. It's highly regulated, labor-intensive and everything is people dependent. What's your experience with these challenges? Share your thoughts! #RestaurantBusiness #Entrepreneurship

"How do I get into the restaurant business with a limited budget?” A student asked me. I told him, don't start with a location, Start with a concept. Develop a menu and partner with local restaurants to set up a ghost kitchen. Focus on sales and marketing, build your audience, and use their resources to fulfill orders. Once you have revenue and feedback, reinvest in your own location. Build smart, validate your concept, and let your idea grow. #Restaurant #Entrepreneurship #BusinessTips #GhostKitchen #MarketingStrategy #Business

**🚀 Ready to Open Your Second Restaurant? Here’s How to Know!** Opening one restaurant is hard work, but expanding to a second location? That’s a whole new level of challenge! I just released a new video that walks you through the key steps to determine if your business is truly ready for growth. 🔑 In this video, I cover: - Signs your first location is ready to thrive independently - Financial metrics to watch for - Building the right team to scale - Common pitfalls and how to avoid them If you're thinking about opening a second restaurant—or any new location—this video is for you. Check it out and let me know your thoughts! #RestaurantBusiness #Entrepreneurship #ScalingUp #RestaurantExpansion #BusinessGrowth

Something I have to constantly remind myself of. And something I see successful restaurants do. Let go of the vine... If you're going to do something, do it. All the way. Not halfway or 3/4 of the way. All the way. It's hard enough to do 1 thing really well. If it's truly important then it's worth the focus. #restaurants #entrepreneurship

SFS Minute 389: Sit at the Bar Ready to be an extrovert? Our first tip might surprise you, transforming ordinary dining into extraordinary connections. Hint: it's not where you sit, but where you choose to engage. Stay tuned for the reveal. This is brought to you by Strauss Naturals Ltd #Extrovert #SitAtTheBar #StraussNaturals #sfsminute #entrepreneurship

"Learning from Every Experience" I recently visited Sula Vineyards, and it got me thinking about how every experience can teach us something. At the vineyard, I saw how much care goes into each step of the winemaking process. It reminded me that in business, just like in winemaking, patience and attention to detail make all the difference. At Chai Kaapi, we work hard to make sure every cup of tea is consistent and high quality. Whether it's serving our customers or expanding to new locations, we know that success comes from doing the small things right. Every experience adds to our journey, and we’re always learning and growing. #Business #ChaiKaapi #LearningJourney #Entrepreneurship

If you want to maximize your restaurant profit, comment "UNSCLIED." I created the Unsliced Restaurant System to share everything I've learned over the past 20 years of restaurant ownership so you, too, can create profitable restaurants and scale to 7 and 8 figures. 🚀 #RestaurantLife #Entrepreneurship #UNSLICED #BusinessInsights

CUSTOMERS EXPERIENCE: What are your favorite service standards? What have you implemented that has made a positive impact on your customers’ experience? When wait staff and bussers know what is expected of them and have clear standards in place that keep things running smoothly, your guests will also come to appreciate a seamless execution of their dining experience. #business #marketing #raleighnc #success #supportinglocalbusiness #raleigh #carync #wakecounty #inbusiness #entrepreneur #mistake #entrepreneurship #smallbusiness