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A Guide to Restaurant Cost Control
August 1, 2019
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Published by admin at August 15, 2019
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The restaurant industry is among the world’s most challenging fields. Not only are most restaurateurs up against the serious competition in their cities, but they now have to contend with grocery delivery options and other services. However, for most patrons, there is still something special about spending time out with family and friends having a meal at a great location. 

 

At no time of year is this truer than during the fourth quarter. The holiday season falls during this fiscal quarter, which is something restaurants must take seriously! Here, you’ll find some great tips for how your restaurant’s team can prepare for the fourth quarter this year. 

 

Prep your staff. 

 

Because staff turnover in the restaurant industry tends to be high, the odds are good that you have employees who haven’t been with you through quarter four in previous years. It’s a good idea to hold a meeting and prepare them for the upcoming which is likely to be busier than many other times of the year. Furthermore, make sure they are aware of any special menus or events that are occurring throughout the fourth quarter. 

 

Create traditions for patrons. 

 

One of the things that keep families coming back to restaurants, again and again, is the ability to create memories. Offering special events, like breakfast with Santa for those with small children or specialty holiday menus, is a great way to ensure that your patrons will return year after year to continue cherished traditions. You might also want to work with your bartending staff to put together a holiday drink menu that is only available for a limited time. 

 

Look to the past and the future.

 

When restaurant managers like you begin preparing for the fourth fiscal quarter, it is important to consider both the past and the future. Look at what has worked for your business during this period in past years and re-implement successful campaigns, including special menu items that aren’t on the menu the rest of the year. In addition, however, you must consider the future of your industry. Stay on top of trends moving into the first quarter of the next year so you don’t fall behind the competition. 

 

Although these tips are certainly not the only things you can do to prepare for the fourth quarter in the restaurant industry, they should help you get in the right mindset to have an excellent holiday season and excel throughout this busy time of year! Contact Jason Carron at Avery Restaurant Consulting for additional assistance with restaurant business management.

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