Episode 251: Surviving Economic Uncertainty: How Restaurants Can Rebound From COVID – Rea CPA

Episode 251: Surviving Economic Uncertainty: How Restaurants Can Rebound From COVID

Meet Matt Fish

Matt Fish, grilled cheese extraordinaire, started his "real world" culinary education in 1992 when he took a job in his hometown of Parma, Ohio. Soon thereafter, he fell in love with the work and went on to open the wildly successful Melt Bar and Grilled in 2006. Today, Melt has operations throughout the state of Ohio, including his flagship establishment in Lakewood, Ohio, near Cleveland. For his efforts and ingenuity, Matt has been named on Inc.'s 5000 list of the fastest-growing private companies in America. Matt, himself, has been named a finalist of EY's Entrepreneur of the Year, Ohio Small Business Person of the Year by the Small Business Association, and Person of the Year by the Lakewood Chamber of Commerce. Click here to read more about Matt Fish.

Meet Matt Long

As a principal and the director of client advisory services (CAS) at Rea, Matt Long, CPA, MT oversees the practice, manages his team of accounting professionals and works closely with clients. He works to find the best solutions for the owners he serves and oversees the execution of service offerings. His areas of expertise include client advisory services, outsourced accounting functions, outsourced controllership/CFO, business and tax strategies, financial reporting, and general business consulting. Click here to read more about Matt Long.

Melt Founder, Matt Fish, Shares Tales From The Trenches

Working toward normalcy is what we all are striving for, but it may take a little bit longer than we all anticipated – especially if you own and/or manage a restaurant or one of the other small- to mid-sized businesses that were hit especially hard by COVID-19.

So, how can you survive economic uncertainty and rebound from the coronavirus crisis?

The best place to start is to be proactive, manage your funds, and create new strategies within your business now with an eye to the future – because unfortunately, there is no timeline to what you have experienced and what you will likely experience moving forward.

Today, Matt Long, director of client advisory services at Rea & Associates, and Matt Fish, restaurant entrepreneur and owner of Melt Bar & Grilled, headquartered in Cleveland, Ohio, are here to share their experiences during the COVID-19 pandemic and how they worked to manage the fallout of the economy in 2020. They are sharing their experience today in the hopes that others can follow their example tomorrow.

Listen to this episode of unsuitable to learn:

  • How some restaurants are surviving current economic conditions.
  • The importance of being proactive with your banker.
  • How to better manage your payroll.

Learn More

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