P3 MASTERMIND CASE STUDY
TARA TRONSON
From Overlooked Numbers to a Thriving Business
Before joining P3, Tara Tronson, owner of 5th and Wine, knew she should be paying attention to her numbers but didnā€™t fully understand how to interpret them. Despite her fatherā€™s advice, she lacked the tools and guidance to properly track profitability. She was looking for mentorship and a supportive community of restaurateurs facing similar challenges.
The Transformation
After joining P3, Tara immediately gained clarity on her finances. With Chipā€™s guidance, she learned how to analyze her numbers and establish a benchmark. Before P3, her restaurant was operating at around 5% profitability. After implementing the strategies and tools from the program, she saw a significant increaseā€”now running at approximately 12% profitability per year.
Beyond financial improvements, the tools provided by P3 became an integral part of her daily operations. So much so that when she opened another restaurant during her time in the program, she applied the same methods from the start, leading to immediate improvements in that business as well.
The Impact of P3
For Tara, the biggest takeaway from P3 was the power of utilizing the right tools. The structured approach and accountability provided by the program helped her not only improve profitability but also gain the confidence to expand her business successfully.
"My biggest advice is just utilizing the tools that you get. They made all the difference for me and my business."
If you're a restaurant owner struggling to understand your numbers or looking for a supportive community, P3 can provide the mentorship and resources to help you grow and thriveā€”just like it did for Tara and 5th and Wine.
To learn more visit: www.fifthandwine.com
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