2024 Planning & Goal Setting for Bar Owners: Boost Profits & Team Performance

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

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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.

Hoofdstukken

1. Preparing for 2024 (00:00:00)

2. Analyzing Inventory, Pricing, and Team Performance (00:08:10)

3. Reviewing KPIs, Employee Reviews, Benefits (00:11:35)

4. New Year Preparation and Goal Setting (00:17:39)

5. Set Achievable, Relevant Goals for Bar (00:28:40)