Increase Your Profit Series: Part 1 (By Simply Managing your Labor Costs)
05 Feb, 2014 | Tags: Bar Promotions, bar scheduling software, conflict free schedules, Employee Schedule, Employee schedule calendar, employee schedule template, Employee Schedules, Employee Scheduling, employee scheduling programs, Employees Schedules, job schedule, Menu, Online Restaurant Scheduling Software, Profit, restaurant schedules, restaurant scheduling software, Schedules
We all know that sales equal profits, but we don’t always think about how much profit we get from each sale. In the restaurant and bar industries there are 3 main costs that can have a significant impact on your profits. The most successful business operators are constantly checking their budget weekly to ensure that they are hitting their target costs to equal the highest amount of profits. These three main sections are food costs, beverage costs and labor costs.
Labor costs can be the trickiest piece of the puzzle to figure out, and unfortunately it usually works out to be about 60% of operations costs. You may think that a standard, repeating schedule each week can help you, but it can be one of the biggest mistakes. Yes, you can save time in creating and communicating your scheduling, but you could be faced with over- and under-staffing. Without adequate staff you are faced with the inability to provide consistent high level service to your customers and if you have too much staff working during a slower shift, you are losing a considerable amount of money. So how do you schedule the right number of staff for each shifts/days/weeks/months?
To accurately calculate the right number of staff on each shift is through reviewing past schedules against shift sales and then forecast your sales for the upcoming weeks/months. On average a good rule of thumb is that your labor cost should not be more than 18% – 24% of the expected sales. Accurate forecasting can take a while to master, but WhatTimeDoIWork.com offers the ability to help you.
WhatTimeDoIWork.com online employee scheduling software was developed by employee schedulers from the restaurant industry. The software saves and stores previous schedules for easy access when comparing to your sales reports and for creating upcoming schedules. A unique feature of WhatTimeDoIWork.com scheduling software is the ability to track and calculate labor costs as you create the schedule, telling you while you make the schedule what your labor costs will be. There are many other great features offered by WhatTimeDoIWork.com online scheduling software to help you save time and money. To learn more try our no obligation 30 free trial today!
The secret to getting new patrons is spelled “F-U-N”
03 Feb, 2014 | Tags: bar schedules, bar scheduling, bar scheduling software, Employee Schedule, Employee schedule calendar, employee schedule template, Employee Schedules, Employee Scheduling, employee scheduling programs, Employee Scheduling Software, online employee scheduling software, Online Scheduling Software, restaurant schedules, restaurant scheduling, restaurant scheduling software, Scheduling Software, Staff Scheduling, Staff Scheduling Software, workforce schedule, Workforce Scheduling
Your restaurant is unique, with a style all its own. You’ve worked hard to create an atmosphere that welcomes patrons to spend some time eating good food, relaxing at the bar with a martini or glass of wine, and enjoying the company of friends.
But you’re well aware that your restaurant is not the only game in town. You vie for patrons with many other establishments in your general area. And while you have a large number of loyal locals, you need to attract new patrons from other areas of town who want to do more than just eat and run—but to eat, drink, and hang out for the evening. This is the best way to ensure your restaurant’s long-term success.
So what do you do to attract more patrons? How about turning part of your bar area into a game area? You can place ads in the local newspapers and online, and hang a funky sign in the doorway that proclaims, “Game Room,” with a hand pointing to the new game zone. While the older crowd might have little interest in pool, younger folks will be delighted to spend their money on pool, darts, cocktails and appetizers—and you’ll be happy with your new patrons and profitable venture.
You can expand on the “fun” theme by adding activities like trivia nights, comedians, musicians and other “bar” games such as darts. Trivia nights are sweeping the nation and bringing large crowds to bars. Many patrons will remember happy days in college, when their on-site bar sponsored a weekly darts league. They’ll fondly reminisce about the Thursday nights they spent with dozens of students and friends, vying for the top spot on the leader board. Like many restaurants, pubs, and bars, your games atmosphere has the potential for huge success—not only in terms of bringing in new clientele, but also in significantly boosting bar revenue.
At the end of the day, you’ll benefit not only from excellent earnings, but also dozens of new and frequent patrons looking for good food, good drinks, and a good time. So the moral of the story is, “To get patrons to spend more time—and money—at your establishment, you don’t have to spend a lot of money—just spend it on things that spell F-U-N.”
Don’t forget that What Time Do I Work.com scheduling software can assign duties and tasks to your staff to ensure that all patrons receive excellent customer service and that you bar is adequately staffed at all times. You can try it out free for 30 days!
