Historically, liquor only stocktaking was seen as an essential within the Pub Co sector yet liquor and food stocktaking has increasingly become an accepted necessity. Stocktaking is the act of producing full stock results which include reports on actual versus estimated margin, liquor stock surpluses and shortages as well as yield (plus a myriad of […]

The nightclub business is not as simple as selling alcohol, counting the cash, or just dreaming up the “next hip idea.” It is a complex business that requires a tremendous amount of personal and financial investment. Success in this business depends on what your goals are and what you think you can execute to make […]

A lot of people who want to start a bed and breakfast think that it is the perfect dream job. You have to start a bed and breakfast business with a clear knowledge of what it takes to make it successful and how to run it in a professional manner. Certain types of people are […]

B&B owners who have been in the industry for a long time will tell you that running a bed and breakfast is not easy. The business will entail long hours of work, physically hard work and mentally draining work. There are bathrooms to clean and tons of paperwork. If you like to sleep in in […]

Holding too much stock also carries costs; restaurants and hotels should aim to run lean stock to save money. By leveraging the inventory control module in their POS system, venues should be able to get a current, reliable view of existing stock and track the whereabouts of any missing items. POS based stock control systems can […]