47 : Building Financial Stability for Restaurant Employees: A Chat with Jess Dean

No Hesitations Restaurant Leadership Podcast : The show that teaches restaurant owners and operators how to be world-class leaders without wasting time and energy.

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Can financial literacy be the key to transforming lives in the restaurant industry?
Join me, Christin Marvin, on the No Hesitations podcast as I chat with Jess Dean, an independent and licensed financial professional with a unique background as a former sous chef. Jess shares her incredible journey from the kitchen to financial education, illustrating how understanding financial principles can dramatically improve the lives of restaurant workers who often live off tips and low salaries. Discover why financial literacy isn't just for wealthy individuals and how simple, practical advice can empower anyone to take control of their financial future.
Chapters:
00:00:08 - Financial Planning for Restaurant Professionals

00:09:11 - Financial Education for Restaurant Workers

00:18:34 - Personalized Financial Planning Consultations

00:29:23 - Effective Budgeting Strategies for Restaurant Professionals

00:32:40 - Promoting Employee Retention Through Education

00:40:13 - Connecting With Restaurant Industry Professionals

In our conversation, Jess and I tackle the unique financial challenges faced by restaurant professionals, including fluctuating incomes, managing debt, and the importance of retirement planning. Learn effective budgeting strategies specifically tailored for those in the restaurant industry, and understand the value of periodic financial reviews. Jess sheds light on the initial consultation process for financial planning, emphasizing the need for understanding clients' goals and challenges to provide personalized and supportive advice. You'll walk away with actionable insights on creating a budget, managing credit, and planning for a secure retirement, even on a modest income.
Finally, we explore how financial education can significantly enhance employee retention in the restaurant industry. Jess shares her experiences from the ice cream sector, demonstrating the positive impact of financial transparency and education on staff loyalty. We also discuss the importance of community and support within the industry, with a shout-out to the upcoming Chow Retreat. Tune in to discover how fostering financial literacy can create a more stable and committed workforce, and why it's crucial for restaurant owners to invest in their team's financial well-being.
Resources:
Jess Dean
https://www.facebook.com/jess.dean.946/
https://www.instagram.com/the.financialstrategist/
https://linktr.ee/the.financialstrategist

CHOW (Culinary Hospitality Outreach Wellness)

More from Christin:

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Podcast Production: https://www.lconnorvoice.com/

Chapter

1. 47 : Building Financial Stability for Restaurant Employees: A Chat with Jess Dean (00:00:00)

2. Financial Planning for Restaurant Professionals (00:00:08)

3. Financial Education for Restaurant Workers (00:09:11)

4. Personalized Financial Planning Consultations (00:18:34)

5. Effective Budgeting Strategies for Restaurant Professionals (00:29:23)

6. Promoting Employee Retention Through Education (00:32:40)

7. Connecting With Restaurant Industry Professionals (00:40:13)