Are you a bar owner who is serious about creating a successful plan that you and your team can stick to? Too often bar owners and managers simply move away from the goals and objectives set forth. However, if your plan is well laid out with buy in from all levels of leadership and you remain steadfast, you will put yourself and your team on the path to success.
Read the rest of the article: Develop a Kickass Bar and Beverage Plan
One of the most difficult aspects about managing a restaurant is deciding your price points. You have to take into account your costs, your competition and your target market. You may have a handful of menu items or dozens. Where do you start? Read more from Synergy Restaurant Consultants.
The cornerstone of a restaurant business plan is the development of the business pro forma — without one, the concept and business becomes a moving target. Moreover, as an owner you are reacting to financial matters as opposed to planning for them. This is not how you want to run your new business.
Restaurant business plans create a clear and concise road map of the vision and path to financial success. The restaurant business plan clearly defines your brand, culture, standards, unique characteristics of your restaurant and how you plan to create an emotional connection with your internal and external guests. Moreover, it states why you will be successful given the demographics, competition within the market and location.
Read on: The importance of the restaurant business plan