Marta Grumberg, Accounting for Restaurant Operations
Unlocking Your World of Creativity
Mark Stinson
5 • 1.3K Ratings
🗓️ 17 March 2025
⏱️ 22 minutes
🧾️ Download transcript
Summary
Welcome back to the podcast where we explore the creative process and innovation across industries. We’ve been on a global journey, speaking with authors, singer-songwriters, inventors, restaurateurs, and more—making virtual stops in Capetown South Africa, Queensland Australia, Milan, Italy, Santiago, Chile New York, and Miami. Today, we’re diving into the creative side of financial management in the food industry.
Joining us is Marta Grumberg, the driving force behind Grumberg Accounting, a firm that specializes in bookkeeping, payroll, and tax consulting, particularly for the restaurant, bar, and catering sectors. We’ll be discussing how proper financial structures can fuel business growth, identify hidden costs, and optimize cash flow.
@grumberg_accounting on Instagram
Interview Guide:
The Hidden Costs in Restaurant Operations
“Restaurant owners often focus on front-of-house operations, but hidden costs can eat into profits. What are some of the most common overlooked expenses in restaurant operations, and how can owners stay ahead of them?”
Strategies to Optimize Cash Flow
“Managing cash flow is one of the biggest challenges in the food industry. What practical steps can restaurants take to improve their financial health and ensure long-term sustainability?”
The Role of Cost Analysis in Menu Pricing
“Many restaurants struggle with pricing their menu items competitively while maintaining profitability. How does proper cost analysis help in setting the right menu prices, and what mistakes should owners avoid?”
Specialized Accounting and Business Growth
“How does working with a specialized accounting firm like Grumberg Accounting give restaurants a competitive edge compared to traditional bookkeeping services?”
Adapting Financial Structures to Industry Trends
“The restaurant industry is constantly evolving, from supply chain challenges to changing labor costs. How can restaurant owners adapt their financial strategies to keep up with these trends?”
Listeners, you can learn more about Marta and her team at GrumbergAccounting.com.
Special thanks to our sponsor, White Cloud Coffee Roasters. Enjoy a 10% discount off your specialty coffee order with the code ‘CREATIVITY’ at checkout. Visit WhiteCloudCoffee.com
Transcript
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| 0:00.0 | Unlocking your world of creativity with best-selling author and brand innovator Mark Stinson. |
| 0:08.0 | This episode is brought to you by White Cloud Coffee Roasters, nestled in the heart of Idaho's Mountain Wilderness, |
| 0:15.0 | where every bean tells a story of adventure. |
| 0:19.0 | Discover the difference in their premium beans, meticulously roasted |
| 0:22.8 | to capture the essence of the mountains. Now listeners of our podcast can get an exclusive 10% |
| 0:29.2 | discount. Just use the promo code Creativity at checkout. Visit whitecloud coffee.com and use the code |
| 0:36.3 | creativity. |
| 0:42.4 | Welcome back, friends, to our podcast, Your World of Creativity. |
| 0:49.3 | This is the podcast where we explore the creative process and innovation across all sorts of industries. We've been on this global journey for, boy, just over five years now, speaking with authors and |
| 0:55.3 | singer-songwriters, inventors, restaurant tours. And we're going to take a different angle today |
| 1:01.5 | on the restaurant business, and we're going to look at the creative side, but also the financial |
| 1:06.0 | management side of the food industry. And my guest is Marta Grumburg. She's with Grumberg accounting in Charlotte, |
| 1:14.8 | North Carolina, specializing in all sorts of bookkeeping, payroll, tax consulting, focused on the |
| 1:21.4 | restaurant, bar and catering industry. So it's going to be a great discussion. Marta, welcome to the show. |
| 1:27.6 | Hello, hello. Thank you for having me. |
| 1:29.6 | And there's all sorts of financial insights and structures and growth ideas and hidden costs. |
| 1:35.9 | And maybe that hidden cost is where I'd love to start. |
| 1:39.4 | Restaurant owners, and including myself, I have this little coffee shop here in Eagle, Idaho. |
| 1:44.5 | But we often focus on the front of the house, the experience, the great offerings, the food, the beverages. |
| 1:51.2 | But what about those hidden costs behind the counter, back in the kitchen that could trip us up? |
| 1:58.1 | That's true. Yeah, I was thinking about payroll of median costs because it's a huge topic among managers. |
| 2:04.1 | Everyone talks about qualified employees, the turnover of the industry. |
... |
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