How to turn around a failing restaurant?
Today, we are answering an inquiry from a fellow restaurant owner who's going through a tough season right now. They're wondering how to survive the restaurant business amidst the pandemic crisis we are all facing at present.
Sadly, this coronavirus fiasco has brought an adverse impact in different industries around the world, and we, in the restaurant business, are not exempted.
If you are asking, when is it time to close your restaurant? The answer is NOT NOW. If you have not done these seven tips, I'm about to share, this isn't the time to give up just yet. Save your restaurant and take these few steps:
1. Step back and take some time to ponder on these:
-What's your objective?
-What's Your Vision?
2. Know your Numbers - How far are you from your
break-even point?
3. Gather customer feedback - What do customers LIKE about your restaurant?
4. Have a cost analysis
5. Conduct a location analysis
6. Do a SWOT analysis
7. Measure your marketing initiatives - what has worked and not?
>>> Let's make some dough! Please check out the following videos below to help you turn around a failing restaurant:
- How to calculate your break-even point in 3 minutes
https://youtu.be/vqDKh4xsUE0)
- LOCATION LOCATION LOCATION
https://youtu.be/xK36yGSttqQ)
#restaurantowner)** ****#restaurantindustry**)** ****#restaurantmanagement**)** ****#restaurantmanager**)** ****#restaurantbusiness**)** ****#beatcoronavirus**)** ****#makingdoughshow**)
