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	<title>On A Wait &#187; economy</title>
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	<link>http://www.onawait.com</link>
	<description>Restaurant operations - tips, advice, and discussions</description>
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		<title>Surveys and Reports Just Verify What We Know on the Streets</title>
		<link>http://www.onawait.com/surveys-and-reports-just-verify-what-we-know-on-the-streets/</link>
		<comments>http://www.onawait.com/surveys-and-reports-just-verify-what-we-know-on-the-streets/#comments</comments>
		<pubDate>Mon, 03 Aug 2009 12:47:25 +0000</pubDate>
		<dc:creator>Larry</dc:creator>
				<category><![CDATA[Restaurant News]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[planning]]></category>

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		<description><![CDATA[The National Restaurant Association released it&#8217;s latest report on the Restaurant Productivity Index for the month of June. For the 22nd consecutive month the report concludes business climate is down. No surprise there.  According to the NPD Group, a Chicago business research company, there are a net of 4000 fewer restaurants now than a [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Restaurant Lessons from a Recession (Part Two) – Marketing</title>
		<link>http://www.onawait.com/restaurant-lessons-from-a-recession-part-two-%e2%80%93-marketing/</link>
		<comments>http://www.onawait.com/restaurant-lessons-from-a-recession-part-two-%e2%80%93-marketing/#comments</comments>
		<pubDate>Mon, 08 Jun 2009 12:32:20 +0000</pubDate>
		<dc:creator>Larry</dc:creator>
				<category><![CDATA[Customer Service]]></category>
		<category><![CDATA[Other]]></category>
		<category><![CDATA[Resources]]></category>
		<category><![CDATA[Add new tag]]></category>
		<category><![CDATA[costs]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[recession]]></category>

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		<description><![CDATA[Perhaps marketing is the most challenging task a restaurateur faces with or without the impact of a recession. Recognizing that there is a recession is always in hindsight and pinpointing the day it started is impossible. You don&#8217;t wake up one morning and the newspaper headlines tell you your business is down, people are losing [...]]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Destination Designation – Not Performing in Economic Downturn</title>
		<link>http://www.onawait.com/destination-designation-%e2%80%93-not-performing-in-economic-downturn/</link>
		<comments>http://www.onawait.com/destination-designation-%e2%80%93-not-performing-in-economic-downturn/#comments</comments>
		<pubDate>Tue, 05 May 2009 13:02:43 +0000</pubDate>
		<dc:creator>Larry</dc:creator>
				<category><![CDATA[Controlling Costs]]></category>
		<category><![CDATA[Other]]></category>
		<category><![CDATA[costs]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[menu]]></category>
		<category><![CDATA[recession]]></category>

		<guid isPermaLink="false">http://www.onawait.com/destination-designation-%e2%80%93-not-performing-in-economic-downturn/</guid>
		<description><![CDATA[Many high end food operations previously positioning themselves as &#8220;destination&#8221; restaurants are getting hit hard in this recession. Almost every segment of the food service world has been affected in one way or another, but double digit declines for the special occasion operations are the norm. The same store sales decline is on top of [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Finding Breakeven for a New Restaurant May Be Elusive for Months</title>
		<link>http://www.onawait.com/finding-breakeven-for-a-new-restaurant-may-be-elusive-for-months/</link>
		<comments>http://www.onawait.com/finding-breakeven-for-a-new-restaurant-may-be-elusive-for-months/#comments</comments>
		<pubDate>Mon, 27 Apr 2009 14:08:41 +0000</pubDate>
		<dc:creator>Larry</dc:creator>
				<category><![CDATA[Controlling Costs]]></category>
		<category><![CDATA[Resources]]></category>
		<category><![CDATA[costs]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[startup]]></category>

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		<description><![CDATA[Notwithstanding the current economic conditions, which complicate projections, a breakeven revenue number may be difficult to determine for new restaurant startups. Most restaurant operators look at fixed costs, employee costs, the average cost of goods(a percentage), administrative costs and deduct those numbers from hypothetical monthly sales figure. In theory, the formula should work.
The new restaurant [...]]]></description>
		<wfw:commentRss>http://www.onawait.com/finding-breakeven-for-a-new-restaurant-may-be-elusive-for-months/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Pennies, Nickels and Dimes – Restaurant Survival Lesson</title>
		<link>http://www.onawait.com/pennies-nickels-and-dimes-%e2%80%93-restaurant-survival-lesson/</link>
		<comments>http://www.onawait.com/pennies-nickels-and-dimes-%e2%80%93-restaurant-survival-lesson/#comments</comments>
		<pubDate>Wed, 11 Feb 2009 18:50:13 +0000</pubDate>
		<dc:creator>Larry</dc:creator>
				<category><![CDATA[Controlling Costs]]></category>
		<category><![CDATA[economy]]></category>

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		<description><![CDATA[The economy is taking it&#8217;s toll. With the recession deeper than expected and projected to last for several quarters, restaurants need to watch the little expenses that add up to big dollars. When this &#8220;perfect storm&#8221; for the restaurant industry is over, the restaurants left standing will be stronger and more profitable than in recent [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Starting a Restaurant? Now May Be the Time</title>
		<link>http://www.onawait.com/starting-a-restaurant-now-may-be-the-time/</link>
		<comments>http://www.onawait.com/starting-a-restaurant-now-may-be-the-time/#comments</comments>
		<pubDate>Mon, 10 Nov 2008 14:07:24 +0000</pubDate>
		<dc:creator>Larry</dc:creator>
				<category><![CDATA[Controlling Costs]]></category>
		<category><![CDATA[Other]]></category>
		<category><![CDATA[Restaurant Marketing]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[starting]]></category>
		<category><![CDATA[startup]]></category>

		<guid isPermaLink="false">http://www.onawait.com/starting-a-restaurant-now-may-be-the-time/</guid>
		<description><![CDATA[Before you label me insane, let&#8217;s do a little thinking. Yes, the economy may be the worst in at least 25 years, food costs are sky high and consumers have reduced their restaurant visits. However, look at the positive aspects of starting or buying a restaurant:

The economic conditions show signs of bottoming out. That means [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Small Silver Lining in Clouds for Restaurants?</title>
		<link>http://www.onawait.com/small-silver-lining-in-clouds-for-restaurants/</link>
		<comments>http://www.onawait.com/small-silver-lining-in-clouds-for-restaurants/#comments</comments>
		<pubDate>Tue, 28 Oct 2008 12:10:52 +0000</pubDate>
		<dc:creator>Larry</dc:creator>
				<category><![CDATA[Controlling Costs]]></category>
		<category><![CDATA[Other]]></category>
		<category><![CDATA[costs]]></category>
		<category><![CDATA[economy]]></category>

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		<description><![CDATA[While all of the economic turmoil is whirling around the media, Wall Street and political forums, there is something happening in the background that may be a silver lining for the restaurant industry. If you look closely in the crevices of the commodities there are some interesting price fluctuations going on with food and wholesale [...]]]></description>
		<wfw:commentRss>http://www.onawait.com/small-silver-lining-in-clouds-for-restaurants/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hunker Down or Market Your Restaurant – Surviving a Recession</title>
		<link>http://www.onawait.com/hunker-down-or-market-your-restaurant-%e2%80%93-surviving-a-recession/</link>
		<comments>http://www.onawait.com/hunker-down-or-market-your-restaurant-%e2%80%93-surviving-a-recession/#comments</comments>
		<pubDate>Mon, 06 Oct 2008 11:28:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Controlling Costs]]></category>
		<category><![CDATA[Restaurant Marketing]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[marketing]]></category>

		<guid isPermaLink="false">http://www.onawait.com/hunker-down-or-market-your-restaurant-%e2%80%93-surviving-a-recession/</guid>
		<description><![CDATA[In 1981 the interest rates on home loans ballooned to 15 to 18%. Savings and loans were going under and it was common for an apparent healthy financial stalwart of the community to suddenly announce they had been acquired or in some cases, were closing their doors. Virtually every home sold, if any, was financed [...]]]></description>
		<wfw:commentRss>http://www.onawait.com/hunker-down-or-market-your-restaurant-%e2%80%93-surviving-a-recession/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Restaurant’s Answer to Economic Woe’s Dangerous!</title>
		<link>http://www.onawait.com/restaurant%e2%80%99s-answer-to-economic-woe%e2%80%99s-dangerous/</link>
		<comments>http://www.onawait.com/restaurant%e2%80%99s-answer-to-economic-woe%e2%80%99s-dangerous/#comments</comments>
		<pubDate>Thu, 04 Sep 2008 19:15:05 +0000</pubDate>
		<dc:creator>Larry</dc:creator>
				<category><![CDATA[Controlling Costs]]></category>
		<category><![CDATA[Other]]></category>
		<category><![CDATA[Resources]]></category>
		<category><![CDATA[consultant]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://www.onawait.com/restaurant%e2%80%99s-answer-to-economic-woe%e2%80%99s-dangerous/</guid>
		<description><![CDATA[A recent article in the Detroit Free Press scares me. The subject was the economy and the struggle we restaurateurs are having with the perfect storm of negative conditions impacting the bottom line. The author states that food costs have gone up 18.4% in the last eighteen months, minimum wages have gone from $5.15 to [...]]]></description>
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		<slash:comments>0</slash:comments>
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