Owning and operating a hotel requires patience most of the time. You weather the slow times and navigate the busy season, all with a focus on maximizing long-term performance. Sometimes, though, a crisis comes: the loss of a manager or management team, or a disaster leaving your property in need of an overhaul. When a…
If you own a bar or nightclub, you count on lively patrons to help make a fun atmosphere for everyone. Still, there is a fine line, and when you combine alcohol, egos, and lively crowds, people sometimes get hurt. As a bar owner, you have to deal with the fallout from injuries and fights, including…
Whether you’re planning to start your own bar or nightclub, or you’re already running one, you’ll want to know what the latest trends in the industry are. A nightclub consultant is knowledgeable about trends in the industry. Armed with the information they provide, you can incorporate it into your business plan and ensure you stay…
Perhaps you’re a venture capitalist who’s planning to put his money in an upscale dining establishment. Or maybe you have a friend who’s starting his own restaurant and is asking you to invest in it. Either way, there’s a great question here that you may want to bring up to a restaurant management consultant: is…
The worst part about employee turnover is the gap that needs to be filled from the time a senior executive leaves until a replacement is found. In the hospitality industry, such a gap can be detrimental to the entire operation. Operating without a high-level executive, can be crippling for some hotels. But this doesn’t have…
There are many reasons why a lot of nightclubs close, but one of the most common a nightclub management consultant will evaluate is employee theft and pilferage. Sometimes, these involve brazen acts like stealing bottles of alcohol from the club’s inventory and bringing them home; in many cases, it involves stealthy tactics like short pouring…
When you own a restaurant, your business plan covers a great deal of ground. You have to include property acquisition and maintenance, marketing, revenues and costs, staffing, and everything else that goes into operating a successful business. Among all the potential problems you face, though, none can devastate your restaurant faster or more thoroughly than…
Hotels, restaurants and nightclubs are often risky investments. The value depends on many factors: seasonal variations, optimization of location, shifts in clientele, and the general state of the economy. When properties start to lose value, creditors often look for ways to preserve and enhance the value of what they see as their investment assets. A federal…
When you need to select a court appointed receiver, you likely have many concerns. You want someone who will manage a property efficiently and ethically. In the meantime, you also need to ensure the person understands the industry well enough to respond to market pressures and influences. The receiver will function in the short term,…
Running a nightclub, just like running any other hospitality business, requires strategy and foresight. You need to work ahead. Decide who you want your customers to be, figure out how to bring them in, and anticipate their needs and desires so they will want to return. All of this combines in the art and science…