Why so many restaurant and taproom KPIs describe performance but rarely explain it Restaurants and taprooms have no shortage of data. Most operators can quickly pull reports showing sales, labor cost percentage, prime cost, sales per labor hour, average check, guest counts, overtime, discounts, ticket times, and restaurant-level profit. The challenge is not as simple
Category Archives: Financial Literacy
Running a brewery isn’t just about crafting the perfect beer; it’s also about ensuring that your business is financially sound and sustainable. One key performance indicator (KPI) that stands out in this regard is Return on Invested Capital (ROIC). But have you ever wondered how your infrastructure capital plays into this? In this blog post,
Running a brewery or taproom is about more than just crafting the perfect pint. It’s about making strategic decisions that ensure your business not only survives but thrives in an unpredictable industry. One of the most powerful tools in your arsenal? Financial forecasting. Let’s break down why forecasting is a game-changer for brewery and taproom
Starting and running a brewery with a taproom can be an exhilarating venture, whether you’re new to the business or have been brewing for years. However, ensuring the financial health and sustainability of your operation is crucial. This blog post explores the top three drivers of cash flow from operations: profitability, inventory management, and accounts
Starting a small business is no easy task. It takes hard work, determination, and most importantly, a sound business plan. Too often, small businesses fail because they are not profitable enough to stay afloat. To ensure the longevity of your small business, it is important to aim for a 10% profit margin. This number may
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