TL;DR
Jim Balis, managing director with CapitalSpring, discussed navigating labor and commodity inflation on The Deeper Dive Podcast. He shared strategies for dealing with labor issues and commodity costs, including using cryptocurrency for sign-on bonuses.
A recent episode of The Deeper Dive Podcast, a weekly podcast from Restaurant Business, featured Jim Balis, the managing director with CapitalSpring.
In the episode, Balis, who is an experienced operator working with multiple CapitalSpring’s concepts, discussed ways to overcome labor and commodity inflation. He said the restaurant business is as difficult as ever. Due to the fact that labor costs have taken off, restaurants aren’t even able to find workers.
Balis also discussed ongoing labor issues and some innovative strategies for dealing with them, including the use of cryptocurrency for sign-on bonuses. He also discussed how to navigate commodity costs and the effect of rising menu prices on consumers.
In this story
This story was originally published in 1851 Franchise on February 21, 2022. Burnaze summarizes and links to the original reporting.
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