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How to write a business plan for your hospitality venue (that works)

Posted by Jake Lester on Jul 4, 2018 8:14:00 AM

At the start of any business venture, there needs to be a plan for how it will move forward. A business plan is necessary for you to determine whether the investment will be successful or not, and it serves as a road map for developing your hospitality business.

It helps you focus on the goals you set forth while establishing your business. If you are looking for investors, a business plan proves to them that you have done your homework and have a realistic idea of how to make your business successful. 

It’s also one of the first steps to the growth. But what exactly should a business plan include? Here are some of the areas it needs to cover.

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Topics: Hospitality operations, Tips for owners

A quick guide to grow your restaurant on a tight budget

Posted by Doug Radkey on Jun 13, 2018 9:20:40 AM

Growing a restaurant on a tight budget in a tough economy is a challenging business. Margins are tight; plain and simple.

There's a good chance you may be left scratching your head wondering how you can grow your restaurant without making a significant dent to your bank account. It can be done, it just starts with a smart mindset.

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Topics: Hospitality operations, Tips for owners

Why it's better to train your hospitality staff through online learning

Posted by Emily Marr on May 21, 2018 8:07:00 AM

Imagine a way you can get all the hospitality training you need in one place. It may sound like a risky choice – with so many distractions available in an instant.

But, did you know that there are benefits of receiving your training online rather than face-to-face?

Online training is becoming increasingly popular, especially for the younger demographic. In the latest Global Shapers Survey of 25,000 young people from across the world, 77.8% of respondents reported having taken online courses in the past. 

 

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Topics: Hospitality operations, Tips for hospitality managers, Hospitality training, Tips for owners

5 signs you're ready to open a second restaurant (or more)

Posted by Doug Radkey on Apr 24, 2018 8:06:00 AM

Opening a second restaurant location is not as easy as many people may think. Just because “you’ve been there – done that” once doesn’t mean it’s going to be any easier the second time around. In fact, many restaurateurs find it more difficult than the first one.

A common first challenge is that many restaurants, even the most successful restaurants, are simply not ready or properly positioned for this type of expansion. There are numerous circumstances that need to be executed on first, many of which are often overlooked.

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Topics: Hospitality operations, Tips for owners

6 awesome apps hospitality managers need to know about

Posted by Tom Larkin on Apr 9, 2018 7:37:00 AM

Apps are revolutionizing the hospitality landscape. Apps now have so much functionality, allowing diners to order and pay at their table, while others let team members stay connected to satisfy a guest’s needs.

There are plenty out there that will make your working life easier. Here are six of the best apps for hospitality managers.

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Topics: Hospitality operations, Tips for hospitality managers, Hospitality trends

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