The month of July has started already. I hope that the year has been a great or at least not a bad one for you. Much as July is a little bit past midyear, this might be a good time to conduct a midyear review.
What's a midyear review? Simply put, it's an evaluation of how far you have come to realizing your goals for the year, that is, if you have set any. (I hope you did!)
You might have been accustomed to the annual review, which is good in the first place. A midyear review gives you a reminder of how much more you have to get working for. I personally do this not just for business but also for personal goals.; Sometimes, a year could be so long you tend to forget your goals along the way. This causes losing focus on your objectives.
If you did not set any goals for the year, then you could do a review based on how you have performed and use this for your annual review or next year's midyear review. Example of the data you should check are:
- monthly sales (have they increased? decreased? how much is your average sales so far?)
- average guest check
- food cost
- turnovers (table, employee, stocks, etc.)
There are more actually. There are also things you could check like guest satisfaction, cleanliness, employee satisfaction and more.
However, let me say now that all these reviews would be useless if you do not act on them as needed. If you have a low rating on a certain factor, make sure that your review has an action plan or solution coming right up.
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