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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

6 Ways to Capture Business from the Public Transit Stop by Your Bar

Having a restaurant or bar located next to your local public transit stop can create a perfect opportunity to draw in new customers, but you also need to understand your audience. Potential customers may be getting off on their last stop before heading home for the day or they might be rushing to work or to catch the next bus or train. That means that you will need to cater to both customers who are in a time crunch and those who may be able to sit down and enjoy a couple of drinks. With that in mind, here are some tips to help you take full advantage of your location:

In Restaurant Marketing, Restaurant Operations

[eBook]: Strategic Drink Pricing Guide

[eBook]: Strategic Drink Pricing Guide

With a few pricing adjustments, and a slight shift in pricing strategy, most bars and restaurants could add significant profits without selling more drinks.

The good news is that there are immediate action items you can take to improve profits  in your bar operation. The key is moving from an overly simplistic pricing model to a more strategic pricing model.

Read this ebook to discover some of the ways you can increase your sales and profits without having to build new business through advertising, renovations, promotions or discounts. Read more

In Resources, 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

How to Drive Incremental Traffic During the Slow Season

Unless your restaurant is located in a busy summer vacation destination, July and August can be notoriously slow months. People are busy traveling and enjoying the weather with backyard barbecues instead of eating out at their local restaurants. While you might not be able to drastically increase traffic to your restaurant, there are some steps you can take to bring in more patrons during this slow season.

In Bar Management, Restaurant Operations

eBook: Finding Hidden Money in your Bar

[eBook]: Free Money is Hiding in your Bar (Learn How to Find it!)

You throw on an old jacket and discover $50 in the pocket – free money! In reality, of course, that $50 is money that you earned but couldn’t enjoy because it was hidden away from you.

In Resources, Restaurant Operations

[EBOOK] Top 7 Employment Laws you are Probably Breaking (or you are about to!)

[eBook]: Top 7 Employment Laws you are Probably Breaking (or you are about to!)

Employment law is dangerously complex. Managing a bar or restaurant with locations in multiple states means you have to follow different rules in different locations. The complexity is enormous and is compounded by the fact that these laws are constantly changing.

In Resources, Restaurant Operations