Mastering Strategies for Financial Management, Efficiency, and Growth in the Hospitality Industry. With Rhian Shellshear

On this episode of "Bean There Done That," industry expert Rhian Shellshear from Italian Gelato Concepts shares his extensive knowledge on business performance and cost optimisation. With over 22 years in the coffee and hospitality sector, Rhian offers practical advice on equipment selection, financial management, and the benefits of comprehensive consultancy services. We explore shared and dark kitchens as innovative solutions for testing business concepts with minimal risk. Learn how collaboration, efficient space utilisation, and strategic planning can drive your business forward in challenging times. Tune in for insights that will help you navigate the current economic landscape and prepare for future growth.

Rhian Shellshear is the Commercial Operations Manager at Italian Gelato Concepts, with a career spanning over two decades. He has worked with brands like Soul Breads, Adriano Zumbo, and Couch at Howard Smith Wharves, and has represented Australia in international competitions, get in touch with Rhian Shellshear on LinkedIn

Key Takeaways:

• Understand ROI when investing in equipment.
• Manage CapEx costs effectively.
• Explore shared and dark kitchens for testing business concepts.
• Leverage collaboration to expand business opportunities.
• Adapt to changing market conditions and consumer behaviours.

Highlights:

• "Working on your business, not just in it, is crucial for growth."
• "The right equipment ensures quality and better ROI."
• "Shared kitchens minimise financial risk for new ventures."
• "Collaboration opens new revenue streams."

Timestamps:

• [00:02:00] Business Performance and Cost Optimisation: Managing costs and capital expenditures.
• [00:08:10] Benefits of Shared and Dark Kitchens: Low-risk environments for testing business ideas.
• [00:16:10] Strategies for Business Efficiency and Growth: Scaling down physical footprint and adjusting operating hours.
• [00:20:57] Collaboration and Growth in Business: Preparing for major events and building strong partnerships.
• [00:30:07] Coffee Commune Thank You Message: Appreciating the insights from Rhian and the Coffee Commune team.

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Links and Resources:

• The Coffee Commune Business Performance Paper
• Silver Chef
• Turbine Sunshine Coast
• Food and Agribusiness Network (FAN)
• Facebook: The Coffee Commune
• LinkedIn: The Coffee Commune

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#CoffeeCommune #BusinessPerformance #HospitalityIndustry #Gelato #SharedKitchens #BusinessConsultancy #CapExCosts