Happy New Year! It’s time for toasting, celebrating and … getting started on your 2020 New Year’s resolutions. Don’t worry, we’re not talking about going to the gym or skipping dessert. We’re talking about simple, actionable restaurant goals that will make 2020 a successful year for your business.
Start Smart
First, before you commit to any goal, make sure it’s S.M.A.R.T. That means it’s a goal that’s Specific, Measurable, Achievable, Relevant and Time-Bound.
Specific
To make your goal specific, ask the following questions:
- Who needs to be involved to achieve the goal?
- What are you trying to accomplish?
- When do you plan to meet the goal?
- Where will this goal happen?
- What are the related obstacles or requirements?
- Why do you want to achieve the goal?
Measurable
Make sure you can measure your goal’s progress. If the project will take a few months to complete, set some milestones to accomplish.
Achievable
Do you and your employees have the tools and skills you need to achieve the goal? If not, consider what you’d need to do to develop these essentials.
Relevant
Does your goal align with your overall business objectives for your restaurant?
Time-Bound
If your goal lacks realistic timing, chances are you won’t meet it. So be specific about your deadline and what you can actually accomplish during that time period.
4 Top Restaurant Resolutions
Increased profits? More work-life balance? Not sure yet what New Year’s business resolutions you want to tackle in 2020? Well, you can’t go wrong with these top restaurant goals.
- Delegate More
Running a restaurant or any business is hard work. There’s so much to do and so little time. So make a plan to grow your team in 2020 and delegate more tasks. Delegation is key for a healthy work-life balance that lets you enjoy your success.
- Thrive in the Slow Season
If your restaurant thrives during the slow season, you’re sure to be successful all year long. Here are a few easy tips from TouchBistro on how to help keep the revenue flowing.
- Invest in Cyber Security
As criminals become more sophisticated, large companies and tech firms aren’t the only ones that need to be concerned with online security. Every business needs to guard against cybercrime. Here are a few ways to keep your restaurant safe in 2020.
- Regularly back up your company’s data.
- Create a firewall that prevents outsiders from accessing your private network.
- Invest in the latest security software, web browser and operating systems.
- Set antivirus software to scan regularly.
- Require employees to change their passwords every three months.
For more tips, visit the FCC’s small business cybersecurity page.
- Get Growing
2020 is the perfect time to grow your business. According to a recent Biz2Credit Small Business Lending Index, approval rates at banks have never been higher while community and regional banks are approving more than half the funding requests they receive. Often expanding your revenue streams from the customers you already have is much easier and less costly than acquiring new patrons.
Flash Bar Modular System Circular Segments With Back Bar
Consider introducing a new product or service. Perhaps it’s time to open a restaurant at a new location. Or start smaller and add bar service to an existing patio or private dining room. The Flash Bar from The Portable Bar Company is a modular portable bar that allows you to choose the size and functionality of your bar by selecting from available segments and accessories. The Flash Bar breaks down so it can be tucked away when you need more floor space. Portable bars often require a different and easier path for permitting making it less time consuming to add them to your restaurant. Design your own Flash Bar or check out the Flash Bar buying guide to learn more about segments and accessories.
4, 3, 2, 1 … Make 2020 a Spectacular Success!
Good luck with all your 2020 restaurant goals. We’re sure this year will be the best one yet for your business.