The Bar Business Podcast: Smart Hospitality & Marketing Secrets For Bar & Pub Owners

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Unlock the secrets to a profitable bar with this week's deep-dive into the misunderstood world of Profit and Loss statements. I'm Chris Schneider, your guide through the maze of bar bookkeeping, and together we'll clarify the complexities of P&L that so often trip up bar owners. This is not just theory; it’s practical, actionable knowledge that will equip you with the financial acumen to lead your bar to success.
Ever wondered how to categorize costs or revenue like a pro? This episode serves up a masterclass in profit and loss statement basics, providing you with a roadmap from gross revenue to EBITDA. I'll show you how to keep your bar's financial performance unclouded by personal expenses and why detailed sub-accounts might be your new best friend in tracking costs. Get ready to dissect controllable versus non-controllable expenses, as we explore strategies to tighten the reins on the former and make peace with the latter. This isn't just about keeping the books; it’s about writing your own success story.
By understanding P&L, you can sharpen your managerial decisions and shape a more profitable future for your bar. Ready to elevate your financial game? Tune in and transform your bar's P&L from a riddle to a resource.

Learn More:
The Bar Business Podcast Website
Schedule a Strategy Session
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'
Bar Business Nation Facebook Group
Thank you to our show sponsors, SpotOn and Starfish. SpotOn's modern, cloud-based POS system allows bars to increase team productivity and provides the reporting you need to make smart financial decisions. Starfish works with your bookkeeping software using AI to help you make data-driven decisions and maximize your profits while giving you benchmarking data to understand how you compare to the industry at large.
**We are a SpotOn affiliate and earn commissions from the link above.
A podcast for bar, pub, tavern, nightclub, and restaurant owners, managers, and hospitality professionals, covering essential topics like bar inventory, marketing strategies, restaurant financials, and hospitality profits to help increase bar profits and overall success in the hospitality industry.

Send us a text

Are ego, education, and a lack of trust holding your bar back from thriving?

Many bar owners unknowingly let outdated mindsets, knowledge gaps, and lack of trust stifle their growth. What if these barriers could be transformed into building blocks for success?
In this episode:

• Discover how to overcome ego and embrace innovation to stay ahead in the ever-changing hospitality industry.
• Learn the value of educating both yourself and your team—not just in skills, but in life-changing tools like financial planning.
• Uncover the power of trust and how empowering your employees can revolutionize operations and culture.

Listen now to explore the mindset shifts and practical strategies you need to break barriers and build a thriving bar business!

Learn More:
The Bar Business Podcast Website
Schedule a Strategy Session
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'
Bar Business Nation Facebook Group
Thank you to our show sponsors, SpotOn and Starfish. SpotOn's modern, cloud-based POS system allows bars to increase team productivity and provides the reporting you need to make smart financial decisions. Starfish works with your bookkeeping software using AI to help you make data-driven decisions and maximize your profits while giving you benchmarking data to understand how you compare to the industry at large.
**We are a SpotOn affiliate and earn commissions from the link above.
A podcast for bar, pub, tavern, nightclub, and restaurant owners, managers, and hospitality professionals, covering essential topics like bar inventory, marketing strategies, restaurant financials, and hospitality profits to help increase bar profits and overall success in the hospitality industry.

Send us a text

Have you ever wondered how a background in theater can revolutionize the craft of bartending? Join us as we sit down with Tanner Weston to uncover the secrets behind creating unforgettable bar experiences. Tanner's unique journey from the world of acting to the vibrant bar scene of Hollywood reveals how storytelling and performance can transform a simple drink into a captivating adventure.
Imagine stepping into a bar that feels like an escapade to another world, where every detail is meticulously designed to immerse you in a sensory narrative. Tanner shares his insights on the art of crafting such immersive environments, whether it’s a hidden speakeasy or a fully themed venue. From understanding the importance of ambiance to producing personalized engagements, Tanner explains how these elements justify the premium prices of handcrafted cocktails and leave guests yearning for more.
But it’s not just about the atmosphere; it’s about connections. Tune in as Tanner delves into the rich histories and cultural contexts behind beloved cocktails, enhancing our appreciation for each sip. Learn how he handles awkward situations with grace, engages guests in meaningful conversations, and builds genuine relationships through authentic storytelling. Packed with historical anecdotes and professional tips, this episode is a treasure trove for anyone passionate about the bar industry and the stories that make it so enchanting.
Contact Tanner:
LinkedIn

Learn More:
The Bar Business Podcast Website
Schedule a Strategy Session
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'
Bar Business Nation Facebook Group
Thank you to our show sponsors, SpotOn and Starfish. SpotOn's modern, cloud-based POS system allows bars to increase team productivity and provides the reporting you need to make smart financial decisions. Starfish works with your bookkeeping software using AI to help you make data-driven decisions and maximize your profits while giving you benchmarking data to understand how you compare to the industry at large.
**We are a SpotOn affiliate and earn commissions from the link above.
A podcast for bar, pub, tavern, nightclub, and restaurant owners, managers, and hospitality professionals, covering essential topics like bar inventory, marketing strategies, restaurant financials, and hospitality profits to help increase bar profits and overall success in the hospitality industry.

Send us a text

Ever wondered why your bar isn't hitting that golden 55% prime cost target? This week on the Bar Business Podcast, I reveal why this number isn't the be-all and end-all for every establishment. You'll learn how factors like location and occupancy costs can shift the goalposts, and why tailoring your approach is crucial for your bar's financial well-being. I'm not here to preach textbook strategies; we're diving into the real-world implications that make or break your bottom line.
Accounting can be a headache, but it's the lifeblood of your bar's success. As your host, Chris Schneider, I break down the nitty-gritty of prime cost management, showing you how to separate your expenses into crystal-clear categories for a laser-focused view of your financial health. From mastering the art of differentiating beverage costs to embracing tools and expertise that streamline your financial tracking, this episode is your ticket to data-driven decision-making that can dramatically improve your business. But wait, there's more! We're peeling back the layers on prime cost management within the hospitality sector, discussing everything from the intricacies of labor cost categorization to the complexities of third-party delivery service fees.

Learn More:
The Bar Business Podcast Website
Schedule a Strategy Session
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'
Bar Business Nation Facebook Group
Thank you to our show sponsors, SpotOn and Starfish. SpotOn's modern, cloud-based POS system allows bars to increase team productivity and provides the reporting you need to make smart financial decisions. Starfish works with your bookkeeping software using AI to help you make data-driven decisions and maximize your profits while giving you benchmarking data to understand how you compare to the industry at large.
**We are a SpotOn affiliate and earn commissions from the link above.
A podcast for bar, pub, tavern, nightclub, and restaurant owners, managers, and hospitality professionals, covering essential topics like bar inventory, marketing strategies, restaurant financials, and hospitality profits to help increase bar profits and overall success in the hospitality industry.

Send us a text

Greetings Bar owners! As we head towards 2024, we've got your back on how you can set up your business to hit the ground running in the new year. This episode is chock-full of practical steps you need to take, and the strategies you need to implement. Buckle up as we talk about bookkeeping, managing your team, marketing your business, your physical facility, and setting big goals. We've got a treasure trove of insights on how you can leverage these key areas.
We turn our lens to inventory, pricing, and team performance. From scrutinizing your delivery services to assessing the effect of sales and specials on your bottom line, there's no stone left unturned. We're not leaving out your relationships with suppliers and vendors either - Is it time for a switch? We'll talk about the best ways to gauge your team's performance and how to set the right challenges for them. But that's not all, we've also got the lowdown on how to evaluate and adjust your KPIs, and conduct effective employee reviews. Lastly, we're ready to help you set goals that are not just achievable but also relevant. We'll discuss how to create goals that are specific, measurable, achievable, relevant, and time-bound. Remember, the clock is ticking and there are only five weeks left in the year - it's time to jump into action!

Learn More:
The Bar Business Podcast Website
Schedule a Strategy Session
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'
Bar Business Nation Facebook Group
Thank you to our show sponsors, SpotOn and Starfish. SpotOn's modern, cloud-based POS system allows bars to increase team productivity and provides the reporting you need to make smart financial decisions. Starfish works with your bookkeeping software using AI to help you make data-driven decisions and maximize your profits while giving you benchmarking data to understand how you compare to the industry at large.
**We are a SpotOn affiliate and earn commissions from the link above.
A podcast for bar, pub, tavern, nightclub, and restaurant owners, managers, and hospitality professionals, covering essential topics like bar inventory, marketing strategies, restaurant financials, and hospitality profits to help increase bar profits and overall success in the hospitality industry.