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6 Tips for Operators to Better Manage Their Finances

When people first get into bar ownership, there’s no instruction manual for how to manage the finances of a company.

In Bar Management, Restaurant Operations

5 Ways to Increase Summer Traffic to Your Bar

The good news is, the summer months are typically a boom time for bars and restaurants according to Houston Chron. Tourism increases and people are looking to enjoy a nice meal on a breezy patio. But this can also mean increased competition. If you want to make sure you are getting your share of the summer business and increase your foot traffic, be sure to follow these 5 tips:

In Bar Management, Restaurant Operations

5 Mistakes to Avoid When Running a Restaurant

Running a profitable restaurant or bar is difficult. According to Entrepreneur, there are mistakes that can cause your venture to fail. Fortunately, these mistakes are correctable. You shouldn’t overlook anything including things that look insignificant. If you are in charge of a bar or restaurant, you should stay informed about everything that happens at the establishment. Here are 5 mistakes to avoid when running a restaurant or to steer clear from if you are thinking about purchasing a restaurant.

 

In Bar Management, Restaurant Operations

5 most common ways restaurants lose profits

5 Hidden Losses and How to Tackle Them

In Bar Management, Kitchen Management, Restaurant Operations

Is Your Restaurant’s Outdoor Patio Ready for Summer?

The weather is beautiful. The evenings are longer and people want to soak it all in while it lasts. For bars and restaurants with a patio, that means a significant increase in business that may require some adjustments. If you haven't set up a strategy for managing the summer crowds, it is time to get your patio ready for summer. In honor of the first official day of summer, here are some tips and tricks to get the most out of this busy season and meet staffing demands.

In Bar Management, Restaurant Operations

Best Practices for Inventory Management for Bars & Restaurants

For bars and restaurants, the importance of establishing inventory management procedures can't be overstated. If you aren't keeping accurate records of what you are selling, then it is virtually impossible to identify problems and make improvements. Without a plan in place, you are blindly running a business and simply hoping for the best. Instead of taking the "by the seat of your pants approach," use these inventory management best practices tips to add a little organization to your bar or restaurant while also increasing profits.

In Bar Management, Stocking a Bar, Controlling Costs, Restaurant Operations

How To Create A Compelling Happy Hour Experience

Happy hour can be both a fun time for customers to let loose after work and take advantage of some drink deals and a lucrative window for your bar or restaurant to make some extra money and build a reputation. It doesn't take a lot of effort to transform what can be a quiet time of the day into one of your busiest. With a little planning, your location can become an after-work destination that helps people relax after a long day. Here are just a few things you can do to create a more compelling happy hour experience:

In Bar Management, Restaurant Marketing, Stocking a Bar, Restaurant Operations

[eBook]: Your Guide to Surviving a Sales Tax Audit at Your Bar

[eBook]: Your Guide to Surviving a Sales Tax Audit at Your Bar

If you are unfortunate enough to go through a sales tax audit of your bar operations, you’ll be required to pay sales tax on drinks you never sold.

In Bar Management, Resources

How to Become a Rockstar Bar Manager in 2018

With the start of the brand new year just behind us, it's not too late to think about resolutions on how you want to improve and be a better manager in 2018. While there is never a bad time to set new goals, the beginning of the year provides the perfect time to reflect and gather yourself after surviving a busy holiday season. If you aren't sure where to start, here are some smart resolutions that will help you become a rockstar bar manager in 2018:

In Bar Management, Restaurant Operations

How to Deal With Dead Stock at Your Bar

You may let a sleeping dog lie, but you’re going to want your alcohol to move.

No matter how successful your bar is, chances are if you look through your inventory, you can find some dead stock—and you may be scratching your head as to how to get it off your shelves.  Loosely defined, dead stock is a product that takes over six months to deplete.

In Bar Management, Stocking a Bar, Controlling Costs

Tips for Attracting Top Talent to Your Bar

Bars and restaurants have a notoriously high turnover rate, but that doesn't mean that you can't attract and retain top talent who will become a selling point for your establishment. If you are competing with other bars in the area to win over the best talent and consistently losing out, it may be time to consider a different approach. For starters, don't be so hard on yourself. Certain bartenders may be more drawn to the environment of a swanky rooftop bar versus a venue with more of a neighborhood bar feel.

In Bar Management, Staff Training

Training Your Staff to Upsell & Drive Up Check Average

August is notoriously a slow month in the restaurant business. People are on vacation and spending more time grilling out in their own backyards. While there are ways to try and increase traffic to your restaurant, you can also adopt the strategy of working to get the most out of the customers who do stop by. Training your staff to upsell items is an easy way to drive up the check average and increase sales during slow periods. With a little training, your team can become experts salespeople, which will also translate into bigger tips for them.

In Bar Management, Staff Training, Controlling Costs, Restaurant Operations