2024 Planning & Goal Setting for Bar Owners: Boost Profits & Team Performance
11/22/23 • 33 min
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:
Email Chris
Schedule a Strategy Session
Bar Business Nation Facebook GroupThe Bar Business Podcast WebsiteChris' Book 'How to Make Top-Shelf Profits in the Bar Business'
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 b...
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:
Email Chris
Schedule a Strategy Session
Bar Business Nation Facebook GroupThe Bar Business Podcast WebsiteChris' Book 'How to Make Top-Shelf Profits in the Bar Business'
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 b...
Previous Episode
Leveraging Social Media for Bar Owners: Grow Your Bar & Engage Customers
Wondering how to transform your bar business using social media? Unsure of which platforms to focus on or how to create engaging content? We've got you covered in this episode. We're taking a deep look at how you can leverage social media to not only strengthen your relationship with your existing customers, but to catch the eye of new ones. From choosing the right platforms to creating a unique hashtag, we're sharing all the secrets to successful social media bar management.
But we're not stopping there. We're also exploring the captivating world of influencer marketing and offering guidance on how to navigate its complexities. How do you engage with influencers while ensuring their reach aligns with your brand? What's the importance of a strong call to action in all your social media efforts? We've got the answers. Plus, we're also highlighting the importance of great visuals, showcasing your team, and creating content that your followers will love to share.
Learn More:
Email Chris
Schedule a Strategy Session
Bar Business Nation Facebook GroupThe Bar Business Podcast WebsiteChris' Book 'How to Make Top-Shelf Profits in the Bar Business'
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 b...
Next Episode
Boost Bar Profits with Strong Branding & Culture: Tips for Bar Owners
Ever wondered what separates a profitable bar business from the rest? Let's crack the code together! Join me, Chris Schneider, as we delve into the intriguing world of bars, spotlighting the vital yet often overlooked details that can skyrocket your business to new heights. From the significance of maintaining your physical and mental health to creating a seamless customer experience, we'll lay bare the essentials that make the best bars stand apart from the rest. We'll also break down how your mindset, concept, and culture can either make or break your success.
As if that wasn't enough, we're going to peel back the layers of consistent branding and culture. That's right - it's more than just your logo or font. We’re talking about a unified mission, vision, and core values, and how it contributes to your overall success. Discover how the internal and external culture of your bar business affects your bottom line.
Learn More:
Email Chris
Schedule a Strategy Session
Bar Business Nation Facebook GroupThe Bar Business Podcast WebsiteChris' Book 'How to Make Top-Shelf Profits in the Bar Business'
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 b...
The Bar Business Podcast: Smart Hospitality & Marketing Secrets For Bar & Pub Owners - 2024 Planning & Goal Setting for Bar Owners: Boost Profits & Team Performance
Transcript
You're listening to the Bar Business Podcast where every week , your host , chris Schneider , brings you information , strategies and news on the bar industry , giving you the competitive edge you need to start working on your bar rather than in your bar .
Speaker 2Hello and welcome to this week's edition of the Bar Business Podcast .
SpeaIf you like this episode you’ll love
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