In this highly informative second of two episodes on bookkeeping, we unravel the mysteries of Profit and Loss and Cash Flow statements to help you take control of your bar's finances and make informed decisions that maximize profits. Our host, Chris Schneider, breaks down the four sections of the Profit and Loss and Cash Flow statements. He provides tips, tricks, and ideas to make your Profit and Loss not just accurate, but also on how to ensure that it provides meaningful and actionable manager...
Jun 29, 2023•39 min•Season 1Ep. 24
In this highly informative episode, we unravel the mysteries of bookkeeping and understanding financial statements to help you take control of your bar's finances and make informed decisions that maximize profits. Join us for Part 1 of this two-part series as we delve into the fundamental concepts of bookkeeping and balance sheets. We explore the fundamentals of bookkeeping and emphasize the need to separate personal finances from your bar business. By understanding this crucial distinction, you...
Jun 21, 2023•39 min•Season 1Ep. 23
Do you know the secret to maximizing your bar's profits from draft beer sales? We're here to help you unlock that potential with our in-depth conversation on the ins and outs of draft beer and its crucial role in bar success. Join me, Chris Schneider, as I reveal the importance of achieving a 95% yield and how this can lead to a whopping $75,000 additional revenue per year when selling 10 kegs a week! Tune in as we dive into the three main factors that impact draft beer yield: temperature, press...
Jun 14, 2023•31 min•Season 1Ep. 22
Ready to level up your bar's online marketing game? This episode is jam-packed with essential tips and strategies to get your establishment noticed in the digital world. From creating an up-to-date website with vital information to optimizing your online presence on directories, search engines, review sites, and social media, we've got you covered. Learn the basics of SEO, search engine rankings, and how to handle the love-hate relationship with review sites. Plus, discover the power of text and...
Jun 07, 2023•32 min•Season 1Ep. 21
Welcome to a special episode of the Bar Business Podcast! In this exciting edition, Join us as we preview three captivating lessons/chapters from the audiobook "How to Make Top Shelf Profits in the Bar Business" that are all about employee management" Pair A Fair Wage, Always Maintain Equal Standards, and Firing People Sucks. Want to dive deeper into these topics? Don't miss the opportunity to grab your own copy of "How to Make Top Shelf Profits in the Bar Business" on Amazon (https://www.amazon...
Jun 02, 2023•20 min•Season 1Ep. 20
Welcome to the latest episode of The Bar Business Podcast! In this two-part series on bar marketing, we dive into the essential strategies to help you promote and grow your bar business. In Part I, we explore key marketing tactics that will set your establishment apart from the competition. In the episode: We delve into the power of word-of-mouth marketing and its impact on your bar's reputation. Learn how to create exceptional guest experiences that lead to positive word-of-mouth and ultimately...
Jun 01, 2023•37 min•Season 1Ep. 19
🎙️ Are you a bar owner looking to break free from the daily grind and reclaim your valuable time? 🍹📈 Join us for an eye-opening episode where host Chris Schneider reveals the secrets to achieving success in the bar business while actually spending more time working on your bar than in it. In this episode, Chris shares his own journey from working 80+ hours a week to ultimately scaling back and achieving the same level of success in just a fraction of the time. 🕒💼💪 Discover Three Game-Chang...
May 18, 2023•28 min•Season 1Ep. 18
Welcome to the latest episode of the Bar Business Podcast! In this episode, we're talking about the growing trend in mocktails and low-alcohol cocktails. First, we discuss why mocktails have become so popular, particularly among Gen Z. We explore the trend towards healthier, more mindful drinking, and how bars can tap into this trend by offering creative and delicious mocktails. And the potential benefits for a bar of serving low or no alcohol drinks. Next, we share some recipe ideas for low-alc...
May 10, 2023•27 min•Season 1Ep. 17
Welcome to the latest episode of the Bar Business Podcast! In this episode, host Chris Schneider talks about the first step in the bar business, how to buy or create a bar of your own. Chris starts by weighing the pros and cons of each approach, discussing factors like cost, time, and flexibility. He then dives into the specifics of buying a bar, such as due diligence, financing, and negotiating the deal. He also covers the key considerations for creating a bar from scratch, including whether to...
May 03, 2023•35 min•Season 1Ep. 16
In this episode, Chris Schneider explores an essential aspect of running a successful bar business: core values. While it's easy to get caught up in the daily grind of managing a bar, it's important to take a step back and define what your business stands for. By crafting and living core values, you'll not only create a more fulfilling work environment for your employees, but also a more meaningful experience for your customers. Chris dives into the process of identifying your bar's core values,...
Apr 27, 2023•24 min•Season 1Ep. 15
Welcome to The Bar Business Podcast, where we explore the latest trends and technologies in the bar industry. In this episode, we ask the question: Can AI help bars? As the bar industry becomes increasingly competitive, many bar owners are looking for ways to streamline their operations and provide better customer experiences. One emerging technology that has the potential to revolutionize the industry is AI. In this episode, our host Chris Schneider will discuss various ways that AI can help ba...
Apr 19, 2023•37 min•Season 1Ep. 14
In the third and final installment of our Menus that Sell series we dive into how to execute and optimize your menu. After all the planning and design work is done, it is important to take the time to train your staff and ensure that you can execute on your great ideas. Then you need plans in place to optimize that menu and develop it more am more each year. As mentioned in the episode, I am working on a few books, one of which will be titled Menus that Sell. Make sure to join the Bar Business N...
Apr 12, 2023•37 min•Season 1Ep. 13
In the second of three episodes designed to help you create Menus that Sell, we are covering menu design. Menu design is the key to communicating what you offer to your customers. You need menus that not only sell your food items but that convey your concept and the overall feeling of your bar. Learn More: Schedule a Strategy Session Bar Business Nation Facebook Grou p The Bar Business Podcast Website Chris' Book 'How to Make Top-Shelf Profits in the Bar Business' Thank you to our show sponsors,...
Apr 05, 2023•42 min•Season 1Ep. 12
In the first of three episodes designed to help you create Menus that Sell, we are jumping into how to plan your menu. Before you design your menu, you need a solid plan. Too often, bar owners and managers rush the planning process. But it is the backbone that your potential success is built upon. If you don't get your menu right, you don't stand a chance. Figure out the steps to follow to plan a menu that will wow your guests and line your pockets. Learn More: Schedule a Strategy Session Bar Bu...
Mar 29, 2023•38 min•Season 1Ep. 11
In this week's episode, we dive into what it means to coach your team to success. There is much more to having a winning team than a occasion how-to meeting. Just like any championship team, you need to work to continually coach and develop your staff to be the best that they can be. We start by discussing what a coach is, then take a look at how to train your team, and finish with a conversation on 1:1s and how it is integral to coaching to understanding each and every member of your team and w...
Mar 21, 2023•31 min•Season 1Ep. 10
Last week we discussed what KPIs you should be tracking, but once you are tracking them, then what? This week we dive into visual management, lean theory, and continuous improvement to lay out a concrete plan to turn those KPIs into a positive change for your bottom line. The KPIs tell you what is going on. Visual Management helps you easily see and understand where you have opportunities for improvement. And, Continuous Improvement gives you the tools to implement small changes that will grow o...
Mar 15, 2023•34 min•Season 1Ep. 9
In the bar business, most establishments are barely getting by, while a few others are wildly successful. The main difference between those that are just making payroll, and bars with owners that are going on four vacations a year is that the successful bars know their numbers. KPIs, key performance indicators, are the key that allows you to start making smart, data-driven decisions, and make sure you put and keep your bar on the right track. Learn More: Schedule a Strategy Session Bar Business ...
Mar 08, 2023•31 min•Season 1Ep. 8
This week we are diving into a deceivingly simple question: What does a beer and a burger actually cost, and based on costs, what do you need to charge. In breaking down all of the components of determining cost, based on equipment, yields, and so on, the true complexity of costing is revealed. Hopefully, this discussion helps you consider all of the factors in costing everything you sell, and the need to make sure that you have specific and accurate data to determine real costs and not just mak...
Mar 01, 2023•29 min•Season 1Ep. 7
This week on the Bar Business Podcast, we dive into 10 ways to attract and retain the best team. In today's economic climate, finding and keeping the right employees is a struggle that every business faces. You have to differentiate yourself from the crowd if you want to have the best industry talent working for you. Learn More: Schedule a Strategy Session Bar Business Nation Facebook Grou p The Bar Business Podcast Website Chris' Book 'How to Make Top-Shelf Profits in the Bar Business' Thank yo...
Feb 26, 2023•37 min•Season 1Ep. 6
This week we dive into 5 ways you can optimize your profits. With just a few hours a day over 5 days this week, you will be able to start to transform your bottom line, driving additional profit straight into your pocket. Too often bar owners view increasing profits to be an insurmountable task, when in actuality many small changes over time will yield amazing results. Learn More: Schedule a Strategy Session Bar Business Nation Facebook Grou p The Bar Business Podcast Website Chris' Book 'How to...
Feb 15, 2023•35 min•Season 1Ep. 5
The final piece of the Mindset, Concept, Culture framework is culture. This is the glue that holds your concept together and allows your to attract guests and build a team that is geared for success. Culture extends beyond just what you do with your business and team to how you present your establishment to your customers. Join Chris as we dive into the basics of what it means to develop a culture of success. Learn More: Schedule a Strategy Session Bar Business Nation Facebook Grou p The Bar Bus...
Feb 07, 2023•28 min•Season 1Ep. 4
The second piece of the Mindset, Concept, Culture Framework is Concept. The nuts and bolts of your bar and what you are presenting to the world. Absolutely imperative in a profitable bar is a cohesive concept that shows in everywhere in your establishment starting from online marketing to the physical building and decor, to the drink and food menu offerings. Learn More: Schedule a Strategy Session Bar Business Nation Facebook Grou p The Bar Business Podcast Website Chris' Book 'How to Make Top-S...
Feb 07, 2023•28 min•Season 1Ep. 3
In this episode we dive into the first part of the Mindset, Concept, Culture Framework. This framework helps bar owners focus their energy on what is truly important, what will help grow their bottom line. It all starts with Mindset, both the personal mindset of a successful bar owner and the business mindset. If you want a bar that generates profit in your pocket every month, it starts with your mindset. Learn More: Schedule a Strategy Session Bar Business Nation Facebook Grou p The Bar Busines...
Feb 07, 2023•26 min•Season 1Ep. 2
Join Chris Schneider, The Bar Business Coach, for the first episode of the Bar Business Podcast. In this episode, Chris tells you a little about himself, and dives into a top level discussion of what the bar business is and isn't, giving those in the business and those looking to enter the business a guide to what it is really like to own and run a successful establishment. Learn More: Schedule a Strategy Session Bar Business Nation Facebook Grou p The Bar Business Podcast Website Chris' Book 'H...
Feb 07, 2023•24 min•Season 1Ep. 1
