In working with 1000's of hospitality owners and managers, we have a huge amount of experience in integrating with point of sale and understanding how great it can be when you get the right solution for your business.You might be putting together a brand new business, looking at upgrading from the 19th century equipment you're currently using or experiencing frustration with your existing POS system and looking for a change. Whatever your reason for needing a POS system the decision is an important one for your business.
We talk to 100's of hospitality owners and managers every week. During a number of these sessions our team helps our customers analyse their profit and loss statement to determine where opportunities exist to increase their profitability.
Ok, so I have to be honest, maths isn't a strong point. Once I got to above 80 points I stopped counting and simply titled the blog "100 customer touch points..........."
For a hospitality site with revenue of $2 million, even a cost of goods reduction of 1% will increase your annual operating profit by $20,000. Take a look at our 10 effective ways to reduce your cost of goods below.
Labour is the second largest expense for a hospitality business, second only to your direct cost of goods. The goal of effective labour management is to have the right number of team members working to give customers a great experience at any given time, but not to have too many people working when customer numbers don't justify it.