Why KPIs Matter for Bar Owners: Make Data-Driven Decisions & Boost Profits
Episode description
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 Nation Facebook Group
The Bar Business Podcast Website
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'
Thank you to our show sponsors, SpotOn and Starfish. SpotOn's modern, cloud-based POS system allows bars to increase team productivity and provides the reporting you need to make smart financial decisions. Starfish works with your bookkeeping software using AI to help you make data-driven decisions and maximize your profits while giving you benchmarking data to understand how you compare to the industry at large.
**We are a SpotOn affiliate and earn commissions from the link above.
A podcast for bar, pub, tavern, nightclub, and restaurant owners, managers, and hospitality professionals, covering essential topics like bar inventory, marketing strategies, restaurant financials, and hospitality profits to help increase bar profits and overall success in the hospitality industry.