When you own a restaurant or any business, there are long lists of jobs you should and shouldn’t be doing. In general, you shouldn’t be working in your business; rather, you must be working on it. While this advice is common, it’s also not entirely true. As an owner, you do need to spend most of your time working on matters outside of the everyday workings, but forgetting to do regular check-ins in each position can lead to massive failures. That said, there are three key areas that you must focus on as an owner.

Building A Budget

Building a budget is one of the biggest tricks to ensuring success in the restaurant world. In foodservice, more than almost every other industry, there are huge financial risks and threats. If an oven dies suddenly, having a well-planned budget might be the difference between getting a new oven or going out of business. Having a budget and a financial plan lets you lead a proactive team that can plan for effective improvement.

Growing Your Restaurant

With your budget in place, the next step is to ensure you’re growing your business. This involves not only bringing new customers in but making sure they return and spend more time in your restaurant. Not only does this involve good marketing, but ensuring that you’re reaching quality markers every step of the way. This is why it’s so important to spend time working IN your business on occasion. If your team is not functioning properly, the quality of your service will quickly deteriorate.

Leading Your Team

Creating a team that works well and strongly to ensure your entire business is successful from start to finish is something that takes time and investment. This is an area where many businesses of all types fall short. Finding the fine line of enforcement, tolerance, and a culture of mutually beneficial advancement is difficult and will be different for each situation.

Over 5,000 Products for Your Home or Business

At H.C. Walterhoefer we have over 5,000 products ranging from paper goods to cleaning supplies to meet your personal or business needs. If you want something that we do not offer in our store, just ask us for it, and we will do our best to get it for you. Our store has everything you need! Stop by today to get supplies for your next event, all your restaurant needs, and the best cleaning products at the best prices. We even deliver! So call us today at 410-368-5070. We are located at 2331 Washington Blvd., Baltimore, MD 21230 and we are open from Monday to Saturday from 8 a.m. to 4:30 p.m. Follow us on Twitter, Facebook, and LinkedIn, and to stay up to date with everything H.C. Walterhoefer.