The Bar Business Podcast Chris Schneider, The Bar Business Coach

Ever wondered how the pros turn a good bar into a great one? Unlock the secret sauce as we dissect Key Performance Indicators (KPIs) that will revolutionize your bar's performance. In our latest podcast episode, I walk you through identifying and leveraging the four critical types of KPIs—quality, delivery, productivity, and inventory. Each category acts as a compass, guiding you to make informed decisions that enhance every corner of your operation. From front-of-house finesse to back-of-hou...

This episode peels back the curtain on the vital role of cash management in the bar industry, a lesson in finance that might just save your business from the perils of poor oversight. I'll walk you through the undeniable benefits of accepting cash—think zero transaction fees and immediate fund access—and share the tricks of the trade that keep your cash flow smooth and secure.Dive into the world of cash drops as I recount my journey mastering the art of cash management in bars without the wat...

Picture this: You're closing up the bar after another hectic day, already dreading tomorrow's to-do list. What if I told you that with a few clever tweaks to your routine, you could greet the dawn with confidence instead of chaos? Today, we peel back the curtain on the art of advance planning to help prioritize your daily tasks.Now, let's talk pressing priorities. Ever wondered how to distinguish between the 'must-dos' and the 'can-waits'? I'll break down the task prioritization system that c...

Ever wondered why your bar's profits might be pouring down the drain? The answer could lie in the nuanced world of inventory management, which we're cracking open in this week's Bar Business Podcast. I'm Chris Schneider, and I'm here to walk you through the must-know strategies to keep your stock in check and your financials on point. We tackle the importance of running a tight inventory, digging into how it reveals the true cost of goods sold and ensures your prime cost percentage doesn't sp...

Ever wondered why your bar isn't hitting that golden 55% prime cost target? This week on the Bar Business Podcast, I reveal why this number isn't the be-all and end-all for every establishment. You'll learn how factors like location and occupancy costs can shift the goalposts, and why tailoring your approach is crucial for your bar's financial well-being. I'm not here to preach textbook strategies; we're diving into the real-world implications that make or break your bottom line.Accounting ca...

Embark on an insightful journey with Greg Buda, as he shares the cocktail of skills that took him from the lab bench to the buzzing bar scene. Greg distills the essence of shifting from consulting to ownership, spilling secrets on the art of delegation and the necessity of a hands-on approach in cultivating a vibrant, educated team. His passion for transforming complex ideas into palatable knowledge serves as a beacon for anyone navigating the hospitality industry. This episode serves up a bl...