The 10 Myths That Can Cost You 20% of Your Profits
I had a great conversation with the legendary Bevinco Partner in Columbus, Ohio, Charles Deibel last week.
He was telling me a number of myths that he hears every day when working with Bar Owners assisting with their inventory control.
It never ceases to amaze him or me just how many different ways, ideas and myths exist around the calculation of selling prices, calculation of profit margins and the identification of theft. These are expensive myths. As much as 20% of profits is being lost because of an incorrectly held belief in a system!
As our conversation deepened we agreed that we had to share these myths, ideas and strategies on a webinar so that everyone could join in and find out for themselves if they are employing some of these tactics in their business and don’t realise it.
What would it mean to you to increase profits by 20%?
What would it mean knowing that you were getting the maximum profit from each drink served and that you could leave your bar in the hands of your managers knowing that you had a system to check their accuracy later?
We’ll cover all of this and more on our Webinar on Wednesday May 26th.
I think some of the Myths we’ve encountered are going to really surprise you.
In any case, we’ll have a solution to each myth on the webinar and you will leave the webinar armed with informaiton to increase your profits!
You will need to register to attend this online presentation which we promise to keep brief and informative!
Reserve your Webinar seat now at:
https://www1.gotomeeting.com/register/718101264
I look forward to welcoming you to our presentation.
Title: The Top 10 Myths That Cost Bar Owners 20% of Their Profits
Date: Wednesday, May 26, 2010
Time: 4:00 PM EST
A recent conversation I had with Charles Deibel from Bevinco revealed a number of myths that he hears every day when working with Bar Owners assisting with their inventory control.
It never ceases to amaze me just how many different ways, ideas and myths exist around the calculation of selling prices, calculation of profit margins and the identification of theft.
As our conversation deepened we agreed that we had to repeat these myths, ideas and strategies that are costing bar owners up to 20% of their profits.
Who knows? Maybe you are employing some of these tactics in your business and don’t realise it.
What would it mean to you to increase profits by 20%?
What would it mean knowing that you were getting the maximum profit from each drink served and that you could leave your bar in the hands of your managers knowing that you had a system to check their accuracy later?
We’ll cover all of this and more on our Webinar on Wednesday May 26th.
I think some of the Myths we’ve encountered are going to really surprise you.
In any case, we’ll have a solution to each myth on the webinar and you will leave the webinar armed with informaiton to increase your profits!
You will need to register to attend this online presentation which we promise to keep brief and informative!
| Space is limited. Reserve your Webinar seat now at: https://www1.gotomeeting.com/register/718101264 |
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Cheers!
Barry Chandler
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About Barry Chandler
Barry Chandler works with bars and restaurants to bring more customers in the door through effective use of social media, online tools and customer engagement.
Since 2004, more than 2500 bars, restaurants and hotels have used his tools and services to improve their bottom line.
TheBarBlogger.com contains daily tips and strategies to grow a profitable hospitality business.
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