It's usually the time of the year when most companies do their yearend review and planning for the next year. Whether you have a big or small operation, you should do the same too.
This would be the time to look at the year's financial statements, guest feedback summaries, business activities done from operations to marketing and try to plan for the year ahead.
It would be graet if your operations are automated to give you a annual report in a jiffy. But if you are not, it's still very possible to do your annual reviews with a little difficulty and work, of course.
What do you need to be looking at?
1. Your annual sales figures with monthly reports.
2. Your average guest check
3. Your food cost
4. Turnovers (dining room, employees, stocks)
5. Number of functions, if any, and percentage of functions' contribution to your income,
6. Success rate of marketing and promotions activities
The next year would probably pose to be a difficult year for business in general. But don't worry too much yet. In the first place, people may stop shopping, but they may not stop eating. That they will still eat in restaurants will be the problem. Get your restaurant ready for the hard times. Make your plan. Anticipate your hurdles and know exactly what to do now while you are still thinking clearly.
New years are refreshing in a way in my opinion. So here's hoping you could get the refreshing you need as well. Happy planning!
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