All Entries Tagged With: "Bar Business"
What it Takes to Break into the Bar Business
The bar business is a BUSINESS. That means that you have to have a mind for numbers. You have to be able to calculate profits, figure out the rate at which you are going through your stock, keep track of salaries and pay suppliers and determine the most effective ways of pricing drinks and structuring promotions. Not being aware of these kinds of financial issues involved in the bars business leads to a poorly run bar and the increased chance that your dreams will get flushed away when the bills come due. Business acumen is a must for success in the bar business.
Nightclub and Bar Cash Register Basics
Beyond the simple placement of your point-of-sale, there are also a number of steps you can take to improve efficiency with your bar cash register. For example, just like a cashier register at most restaurants, most registers these days—even if they are not fully optimized with the full gamut of cutting edge options of a top-level PoS system—will have memory functions that allow you to program certain keys for certain high frequency items—so that you only need one touch to ring them up.
If you are a basic bar that sells a few different kinds of beer, having that easy to use method will save you and your employees quite a bit of time in the long run.
Types of Insurance for Bars and Nightclubs
For those of us not involved directly in the insurance business, figuring out what kinds of insurance for bars and nightclubs we need can be a bit of a pain. That said, there are some kinds of insurance that you will definitely want, while other kinds of bar and nightclub insurance might only be a necessity in certain situations.
Theft Insurance for Bars and Other Employee Related Insurance
Bar theft insurance and other employee related insurance like worker’s compensation may seem like an unnecessary hassle, given how many insurance plans you may already be dealing with, but most bars find that they must carry various kinds of insurance related to their workers. So what should you carry? Theft Insurance for Bars? Theft is [...]
Disaster Insurance for Bars and Nightclubs
Disaster insurance for bars and nightclubs may just seem like an unnecessary frill and indeed, for many bar and nightclub owners it is simply too expensive. There is also a great deal of insurance between what is covered by disaster insurance for bars and nightclubs versus what the COMMERCIAL INSURANCE FOR A BAR or nightclub already carries.
So in this article I will explain what disaster insurance is and what it protects you against and help you get some clarity as to whether and in what quantity you might want to carry disaster insurance.
Liquor Liability Insurance
Liquor liability insurance covers legal problems that may occur from customers legally drinking at your establishment. For example, your bar liquor policy would cover the possible legal problems arising from two or more of your patrons getting into a fight in your establishment if one of them claimed you were responsible because you let them get drunk.
It would also cover you if one of your customers left your bar and got involved in a crash later in the night, should one of the participants in the crash hold you responsible for the customer’s inebriation. It would also cover alcohol poisoning should it occur.
