F&B LA 2018

Coffee by the Numbers: Running the 'Business' Side of Your Business or Marketing Online (Room 408B)

21 Aug 18
10:05 AM - 10:55 AM

Tracks: Business Operations (CF)

In this session we will go over the business side of your business. While numbers can be confusing, they are critical to your success. Topics will include: how to have a healthy business, metrics you should be tracking, industry comparisons you should be targeting, and growing your business the right way. Mark and Jim bring their experience from both owning food based retail stores and running multiple businesses. Outline: 1. A Healthy Business • What’s a healthy business? • Is your business healthy? • Are you making any money? How do you know? • Creating a healthy business • What metrics to track • How to track them • Systems/processes 2. Healthy Growth • How much can you afford? • Is all growth good growth • How do you grow? • Customer Input • Products • Locations • Wholesale vs Retail • Pricing • Shrink to grow