Bar Management continued
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How you can use the "Average Cover" to manage the finer points of your business.
Average cover tells you how much money each customer is spending, on average, when they come to your place. This data can also help you with budgeting, forecasting, and cost control, by doing a few easy calculations. . . .
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Why it's so important to know the difference between Fixed & Variable Costs
Whether you are running a bar or a restaurant, controlling costs is one of
the key elements to success.
There are two categories of costs in any . . .
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How your Bar is a direct reflection of you and your attitude
Bon-die Fortner
Everyday owners and mangers alike deal with those "everyday" issues; staffing, guest satisfaction, inventory and revenue control. The results, be they satisfactory or otherwise, starts with the people that work for you. They are the ones that interact with the guests, pour the drinks and handle the cash. . . .
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Wine Cost Control - What you need to know
Joe Dunbar
Wines sold by the glass should be consistently drinkable and profitable. If you buy a 1.5 liter bottle of wine for $12 and pour ten five-ounce glasses at $6 each, you'd expect a 20% cost percentage. To the opposite side of the wine spectrum, we find low volume, top vintage boutique bottles purchased in limited quantity and priced to yield a decent dollar markup. Some of my successful clients simply double the price they pay for these bottles. This would imply a 50% cost of goods sold. . . .
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How to use Daily Variances to Monitor Costs
Monitoring your costs in your restaurant or bar is an essential part of running your business. By using daily variances to keep an eye on your staff's efficiency during production, you can really keep your cost of sales in check. It is not necessary to do a full inventory every day, but by focusing on your top 10 products, or high use items, you can be sure that you are keeping on top of your daily costs. . . .
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Percentage or Margin? Pricing your Menus effectively
As an operator, you already know the importance of costing your menus properly. Did you know that you can use one of two strategies to set your selling prices? The key to good menu pricing is setting your selling prices to ensure that you earn your desired profit, and also to ensure that your customers perceive value. There are two ways to set your selling prices: by percentage or by margin . . .
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The Importance of Customer Counts
Keeping track of your customer counts is something that many restaurant and bar owners already do. It is important to know how many people you are serving during any given month, day, or meal period, but are you using your customer counts to manage the controllable areas of your business? . . .
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Are you Smart Purchasing or just Purchasing?
There is a difference and it's the difference between success and failure for some businesses. Establishing and maintaining an efficient purchasing system is a balancing act involving a wide array of issues. It pits quality against price . . .
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How to manage in changing times
Modern managers should never believe that what worked yesterday may still be acceptable today since development requires constant adaptation to keep abreast with changing times. Why do old companies declare bankruptcy, or are forced to declare bankruptcy? . . .
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Are you managing for profit or for ego? The difference is huge....
Bon-die Fortner
In this article I break down this group into 3 categories and examine some of the traits of success and the pitfalls of failure. These groups are; Ego, Dreamer, Professional. I hope that this will serve as a tool to look at your selves and ask, "Which one am I?" . . .
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How to control theft when it's internal
Internal theft is the most common form of theft on the bar industry. It can be extremely difficult to detect unless you think like a thief! Bartenders intent on stealing will stop at nothing to carry out their actions so you need to be one step ahead. . . .
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A Bartender's Do's & Dont's
A bartender needs to be a diplomat when it comes to customers, efficient as a worker and be the ambassador for your business. With that in mind, Here are some important Do's and Dont's. . . .
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Ten steps to increase beer sales
The warm weather is gone and the popular summer cocktails are but a memory, so why not make more of your beer offering this winter season. Use our ten steps to increase beer sales to help. . . .
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The Importance of Catering to Children.
Did you know that children make the decision on where they want to eat one third of the time and influence their parent's decision making as much as 90% of the time. So is your business capturing this market? . . .
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Responsible Service of Alcohol: How to deal with an intoxicated customer
ManageYourBar promotes the use of the "TAKECARE" system, a step-by-step guide of what you should do when you have intoxicated customers in your premises. . . .
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