The 2024 Blueprint: Planning and Target Setting for Your Bar

The Bar Business Podcast

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Greetings Bar owners! As we head towards 2024, we've got your back on how you can set up your business to hit the ground running in the new year. This episode is chock-full of practical steps you need to take, and the strategies you need to implement. Buckle up as we talk about bookkeeping, managing your team, marketing your business, your physical facility, and setting big goals. We've got a treasure trove of insights on how you can leverage these key areas.
We turn our lens to inventory, pricing, and team performance. From scrutinizing your delivery services to assessing the effect of sales and specials on your bottom line, there's no stone left unturned. We're not leaving out your relationships with suppliers and vendors either - Is it time for a switch? We'll talk about the best ways to gauge your team's performance and how to set the right challenges for them. But that's not all, we've also got the lowdown on how to evaluate and adjust your KPIs, and conduct effective employee reviews. Lastly, we're ready to help you set goals that are not just achievable but also relevant. We'll discuss how to create goals that are specific, measurable, achievable, relevant, and time-bound. Remember, the clock is ticking and there are only five weeks left in the year - it's time to jump into action!

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Welcome to the Bar Business Podcast, the ultimate resource for bar owners looking to elevate their businesses to the next level. Our podcast is packed with valuable insights, expert advice, and inspiring stories from successful bar owners and industry professionals. Tune in to learn everything from how to craft the perfect cocktail menu to how to manage your staff effectively. Our mission is to help you thrive in the competitive bar industry and achieve your business goals.
Special thank you to our benchmarking data partner Starfish. Starfish works with your bookkeeping software by using AI to help you make smart data-driven decisions and maximize your profits while giving you benchmarking data to understand how you compare to the industry at large.
For more information on how to spend less time working in your bar and more time working on your bar:
The Bar Business Podcast Website
Schedule a Strategy Session
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'
Bar Business Nation Facebook Group

Chapters

1. Preparing for 2024 (00:00:00)

2. Analyzing Inventory, Pricing, and Team Performance (00:08:10)

3. Reviewing KPIs, Employee Reviews, Benefits (00:11:35)

4. New Year Preparation and Goal Setting (00:17:39)

5. Set Achievable, Relevant Goals for Bar (00:28:40)