Four Simple Reports for Understanding Your Business
Q: When I step back and take a look at my business, I know I need to spend more time analyzing sales information. Where do I start?
A: The most underutilized tool in the restaurant industry is the Point of Sale System (POS). Reams of paper are used daily in support of a healthy business, but those wonderful reports are underused in decision making to move the business forward. Analyze POS reports from both a macro and micro level, and use various time parameters such as hours, days, weeks, months and year over year. To begin, focus on the macro level reports, specifically the following: