A restaurateur may want to rebrand his or her restaurant for several reasons such as attracting an expanded client base, staying competitive or boosting sales by appealing to a changing market. How far you should rebrand can be a complex decision, though. Most of the time, minor changes are enough but sometimes, changing the brand completely may be the wisest decision for the business. Restaurant consultants weigh in.
Customers and a strong referral base is extremely important for the future growth of any business. A useful tool for measuring this is the customer satisfaction survey that can predict the likelihood of a customer referring your business or repurchasing from you in the future. You can request this survey from Sky Accountants Sunbury.
Do you want a higher return on your investment? Do you want to increase the value of your business so you can sell it? According to Sky Accountants Ballarat, you can assess the performance of your business through the Value Builder System tool, which provides immediate and quantifiable insight on eight key drivers of value: financial performance, growth potential, Switzerland structure, valuation teeter totter, annuity based revenue, competitor differentiation, customer satisfaction and business performance with an absent owner.
If you have any questions or if you want to use this Discount Effect Calculator, simply email or contact us and we would be happy to help.
Need a bit of assistance with your hospitality business? Contact a Sky Accountants representative today and learn more about our fixed fees. You won’t regret it.
Business accountants take on a variety of roles in businesses in the public, private and not-for-profit sectors and even the academe. The importance of accountants in ensuring the quality of financial reporting can’t be overly emphasized. They remain at the frontline of safeguarding the integrity of financial reporting and contributing to the overall progress and stability of organisations. Latte Cartelle is proof that a competent small business accountant is an invaluable asset to a company.
If you are running a hospitality business, this Recipe Cost Calculator will help you find out how much it costs to prepare a dish. It can calculate the cost of the main ingredients and additional items used to prepare a dish along with other costs such as utilities and labour. A club and pub accounting firm can help you with this.
Wages are often one of the largest expenses in any business, therefore it is crucial that wages are benchmarked, controlled and monitored through restaurant and cafe bookkeeping. Without controls, without order and without systems your business will fail.
Owning and running a restaurant requires hard work but many still dream of opening a second venue or more. However, in today’s volatile market, would it be better to just focus on one restaurant? Restaurant bookkeeping experts weigh in.
Businesses look to accounting firms for advice on becoming more efficient and cutting costs in today’s increasingly competitive business environment. Fortunately, accountants have further incorporated new technology to help their clients forecast results and boost profits. Accounting for restaurants and bars requires a specialised skill.
Domestic overnight travel continues to perform well in Australia with about $74.5 billion spent during the year ending March 2019. The number of domestic overnight trips has increased to 109 million with a total of 386 million nights spent while travelling around the country.