Essential bar business tools for bar owners, including bar promotions, bar marketing tactics and strategies, bar operations  knowledge, bar forms, manuals, and spreadsheets to help bar owners run a more profitable bar business
Bar Business Home | Bar Owner Forum | Tell a Friend | Join Now! | Search | Contact Us | Member Area

Improve your bar business. Become a member today! Topics include proven and tested information about bar business, bar marketing strategy, bar management, bar operations, bar promotions, bar owner forum, bar staffing, bar inventory, bar security, ope

Become a member today and get immediate access to all of our resources for bar owners.
 Bar Owner - Bar Owners
Free Sample Articles
FAQ
About Us
 Bar Business - Bar Marketing
Bar Downloads & Forms
Bar Marketing
Bar Operations
Bar Menu & Inventory
Bar Staffing
Bar Security
Bar Financial Issues
Bar Calculators
Video Tutorials
Online Mktg/Tech Tools
Human Resource Materials
 Bar Owner Resources - Bar Owners
Bar Owner Forum
Bar Profit Tips
Bar Jokes - PG Rated
Bar Jokes - Dirty
Today's Beverage News
Content Index
Site Map
Help
Tell a Friend
Join Now!
My Membership
 Search BarBusinessOwner.com - Bar Owners

 Other Bar Owner & Bar Business
Privacy Policy
Terms of Use
Advertise With Us
Affiliate Program
Contact Us
Bar Owner Forum - Bar Forum
 Bar Owners Forum - Bar Forum
Recent Forum Posts
• what do u give?
• new owner question
• Now I know why the restaurant isn't making money!
• unbelievable!
• Should We Twitter?
• Camera System
• BarLympics
• cold weather hurting business?
• most effective bar promotions
• Tracking sales vs bartenders and cocktail waitress
• manager incentive
• End of my bar's season right around the corner
• Music License Fee
• POS System
• Bottle Beer Control
Does your bar have an employee training program?
yes
no

  • Show Survey Results
  • Show All Surveys
  • Bar Business Home | Bar Financial Issues
     
    Bar Financial Issues
    Bar Financial Issues

    Your bar is more than just a bar - it is a business. Many bar owners are very proficient at running the operational end of their bars, but need help in running a successful business.

    One of the most common mistakes independent bar owners make is neglecting to run their bar as a business.

    You already do a lot to keep your bar running every day - managing your employees, employee training, handling marketing and advertising, creating and implementing promotions, building relationships with your customers, controlling your pour and overhead costs, and looking for ways to prevent employee theft.

    But are you also doing what an owner should be doing - creating your marketing plan, managing your P&L, staying on top of your cash flow, and interpreting your financial numbers? If you don't handle the business end of your bar, who will?

    This section will help you become better organized and develop a better understand of the financial part of operating your bar so that you can run a more profitable and successful business.


    BAR DOWNLOAD: Liquor Profit Worksheet
    Knowing the gross profit and cost percentage of your products will make it easy to decide which items to push on your menu, what products can be discounted as specials and how much of a discount your bar can afford. Use the Liquor Profit Worksheet to help you find the most profitable items in your liquor inventory . . . more>>
    BAR DOWNLOAD: Wine Profit Worksheet
    BAR DOWNLOAD: Wine Profit Worksheet Knowing the gross profit and cost percentage of your products will make it easy to decide which items to push on your menu, what products can be discounted as specials and how much of a discount your bar can afford. Use the Wine Profit Worksheet to help you find the most profitable items in your wine inventory . . . more>>
    BAR DOWNLOAD: Bar Purchases Journal
    BAR DOWNLOAD: Bar Purchases Journal Keeping track of every purchase you make in your bar is an absolute necessity. Miss any expenses and you will not be able to accurately determine your costs or know where you money is going. Use the Bar Purchase Journal to track all your expenses, including beverage, food, supplies, entertainment, and advertising expenses . . . more>>
    KEY NUMBERS: Understanding Your Bar's Income Statement
    KEY NUMBERS: Understanding Your Bar's Income Statement Reading an income statement can be like trying to understand a foreign language if you don't know what you're looking at. Learn how to make sense of your bar's monthly income statement and find solutions for trouble spots . . . more>>
    BAR PROFIT TIP: How To Avoid Making The Same Money Losing Mistakes That Most Bars Make
    BAR PROFIT TIP: How To Avoid Making The Same Money Losing Mistakes That Most Bars Make In the bar business, money losses are not always obvious because there are many places for money to be lost. A successful bar with a large operation could be losing money for months before becoming aware of it. Learn what the top money losing mistakes for bars are and how to avoid repeating them in your bar . . . more>>
    How to Recognize The Liability Dangers That Threaten Your Bar
    How to Recognize The Liability Dangers That Threaten Your Bar Running a bar is a high liability business. If you don't know where your business is exposed, you stand a good chance of putting your bar at risk. Learn how to operate your bar with responsible practices to minimize your liability and make your bar safer for your customers . . . more>>
    SMART BAR OWNER'S SECRET: Customer Lifetime Value
    SMART BAR OWNER'S SECRET: Customer Lifetime Value Do you know how much value each customer represent to your business? Do you know how many times your average customer will buy from your bar over several years? Learn how successful bar owners use customer lifetime value to make smart advertising, marketing, and customer retention decisions . . . more>>
    Understanding Your Finances: How to Make Money Management Easier For Your Bar
    Understanding Your Finances: How to Make Money Management Easier For Your Bar Does managing your bar's finances seem like a huge chore? Does it take more of your time than you would like? Learn ways to make money management easier at your bar by making some simple changes to the way you deal with your bar's finances . . . more>>
    BAR DOWNLOAD: Bar Cash Drawer Reconciliation Form
    BAR DOWNLOAD: Bar Cash Drawer Reconciliation Form Use the Cash Drawer Reconciliation Form to track each bartender's sales by type, credit card sales, cash sales, and cash drawer counts at the end of each bartender's shift . . . more>>
    Bar Cash Management: Essential Daily Cash Procedures for Your Bar
    Bar Cash Management: Essential Daily Cash Procedures for Your Bar Are you taking care of the daily cash coming into your business? If you're not then you have a serious issue that need attention. Follow these essential daily cash procedures to control your money and prevent a cash loss from happening . . . more>>
    Proven Solutions For The Six Most Pressing Issues Bar Owners Face
    Proven Solutions For The Six Most Pressing Issues Bar Owners Face Many of the problems that bar owners and managers face are the same. Believe it or not, the swanky champagne bar downtown has the same issues as the neighborhood sports bar around the corner. Learn proven and tested solutions to the six most pressing issues bar owners face . . . more>>
    BAR CALCULATOR: Liquor Losses Calculator
    Every bar loses liquor revenue due to oversight, carelessness, or theft, whether you know it or not. Now you can see how much money you lose every day, month, or year. Use the Liquor Loss Calculator to quickly put a number to the liquor losses in your bar . . . more>>
    How To Put in Place Cash Policies For Your Bar
    How To Put in Place Cash Policies For Your Bar If you don't have effective cash policies in place, your bar is ripe for cash loss. Put an end to poor cash policies. Use this as a guide to better track every penny coming into your bar and put an end to your cash losses . . . more>>
    BAR DOWNLOAD: Bar Physical Inventory Form
    BAR DOWNLOAD: Bar Physical Inventory Form Every bar owner or manager needs a way to track their physical inventory in order to know how much inventory to reorder, how much money is tied up in inventory, and to make sure inventory theft is not occurring. Use the Physical Inventory Count Form to have a simple yet accurate way of staying on top of your liquor inventory . . . more>>
    BAR DOWNLOAD: Bar Bank Verification Form
    This ready to use form is designed to be used by your staff when counting their cash drawers at the start and end of their shifts . . . more>>
    BAR DOWNLOAD: Bar Perpetual Inventory Form
    BAR DOWNLOAD: Bar Perpetual Inventory Form Keeping tabs on how much inventory you have in your bar's storeroom is essential to prevent theft and to know how much inventory you have on hand. Use the Bar Perpetual Inventory Form to track the movement of liquor, wines, and beverages throughout your bar . . . more>>
    Click Here For More HeadlinesClick Here For More Headlines