Is Your Point of Sale System Increasing your Profit?
Many hospitality businesses invest in a Point of Sale system for the normal valid reasons of taking customer orders, sending orders to the kitchen, managing table accounts and providing a daily balance of the cash taken for the banking. When this investment can range from $10,000 to $100,000 then this historical approach and the reasons for making this type of purchase should be reviewed. Read Complete Article...
10 Tips to Reducing Beverage Cost of Sales
There are two ways to make more profit in a restaurant or bar, Increase your sales or reduce your costs. Reducing beverage cost of sales is a never ending task of reducing wastage, shrinkage and variances. But it is extremely important. When industry specialists report that a hospitality business with no stock management program can have wastage and shrinkage of 10% to 20% then for a $1,000,000 turnover business this can add up to $30,000 to $60,000 per year of profit washed down the sink or walking out the door. Read Complete Article..
Know the cost of Next Week Wages not Last Weeks
The cost of a hospitality businesses staff can be a large portion of the operating expenses for the business. It can also be the difference between a profit month and making a loss. It is common practise to find out the cost of employment when paying the staff. This practise makes it close to impossible to reduce the cost of staff to a budgeted percentage. Never the less reducing wage costs can be achieved. Read Complete Article..
Why a Loyalty System is Important to Your Business
Industry statistics have recorded that loyalty members will visit a site 50% more than a non loyalty members and when they do visit they will spend 4 times than other customers. The hospitality industry is highly competitive. Sometimes it is simply not enough to offer fantastic service, wonderful meals, exquisite wine selection and a warm, friendly and unique ambiance. Read Complete Article..
Implement Stock Control in your Kitchen
How do you control something so variable as the stock in the kitchen. Most businesses simply decide it is to hard to achieve a benefit from the time invested. Some start the process but attempt to control everything through to a grain of salt and realise that they are on a road to nowhere and eventually give up. But it is not impossible and there should be a concerted effort in all hospitality businesses to control stock in your kitchen. Read Complete Article
Using Technology to improve Administration process and save Money
Many businesses look to use technology to improve their operation and front of house processes. Implementing stock control systems through their Point of Sale system and providing staff with Hand Held terminals to take guest orders faster and improve customer service. But what many hospitality business do not realise is that there are real savings and improvements in using technology to improve administration process, save money and increase profit. Read Complete Article
Integrating EFTPOS to Point of Sale for Speed of Service coming soon!
Capital Purchase or Rental Agreement. What is best for Point of Sale Systems coming soon!
