Managing a bar can be extremely hard work. Successful bar managers will tell you that efficient stock management is the key to maintaining a profitable bar. To do this, a simple, yet critical calculation to understand is stock usage, which tells a manager exactly how much of each product a bar has used over a […]

When business is good, everything is great. When the numbers turn bad, however, most bar owners turn to making budget cuts to make up the loss in sales. But, let’s put something out on the table right away: You cannot save your way to a profitable bar or restaurant. As a bar or restaurant owner, […]

Hiring great staff is a challenging prospect and retaining them can prove equally as challenging. Like any resource, hospitality employees must be protected, and plans should be implemented to make sure they remain a sustainable resource. Over the years, the hospitality industry has received a bad reputation for high turnover and a shallow talent pool. […]

Many club establishments face stock problems. This is caused by the low income of customers and the additional VAT or Value Added Tax imposed on the night club. The business will not only experience a shortage in earnings but a problem in stock management as well. If you are a night club owner, it is […]

Just like in any kind of business, food stocktaking is required in order to make sure that the food to be served is of high quality. If you are a restaurant owner, it would be a benefit to make stocktaking as a way of handling stock management. These will result to the proper running of […]