Real growth continues to be hard to come by for the foodservice industry. In fact, overall customer traffic was flat through the first quarter of 2016, according to The NPD Group, a market research firm covering the foodservice industry. Revenues and customer traffic may be inching along, but one area growing at breakneck speed is labor costs.Read more...
The National Restaurant Association’s annual trade show has come and gone to much fanfare. From what I saw and read, the participation was phenomenal. We were able to bring our full consulting team from all of our offices and even made time to break some bread together. This year, I also participated in a panel discussion that explored unit economics and was moderated by Steve Romaniello, managing director of Roark Capital.Read more...
Considered one of the founders of Contemporary American cuisine as we know it and longtime chef/owner of the iconic mk Restaurant in Chicago, Michael Kornick serves as a model of lasting success and perseverance even through tough economic times. Not only has mk stood the test of time for decades, it has also been a training ground for numerous chefs, pastry chefs, sommeliers, managers and other restaurant staff who have gone on to win accolades and awards as well as open their own restaurants. Here’s what Kornick has to say about his own training ground and inspirational figures throughout his life and career.
Michael Kornick: Working with so many amazing people over the last 34 years and being able to learn from others and then teaching my craft to others.
Michael Kornick: Stand-up comedy
Michael Kornick: I am an avid wine collector and enthusiast, and a downhill skier. My wife Lisa and I also collect contemporary art, especially photography.
Michael Kornick: Operating a business (restaurant) specifically to pursue your art/craft and passion will not work any better than pursuing a business (restaurant) specifically to make money. Finding that balance is critical to long-term success.
Michael Kornick: Yes, I love what I do. I am proud of the contribution I have made as well as the emotional and financial benefits I have received from our great industry.