Every week we are asked what are the ways bar owners could be losing money. We have come up with the 25 most common ways that your bar could be losing money.

1. Short Ring - Under-ring the correct price of item and pocket the
difference.

2. Phantom Register - Extra register put in bar and items not rung
in on main register.

3. Serve and collect while register is reading between shift
changes.

4. Claim a phony walk-out. Keep money received from
customer.

5. Phantom Bottle - Bartender brings in his own bottle and
pockets cash from the sale.

To get the rest of the list click here

To learn more how Scannabar's alcohol inventory software can start helping you save money today visit use at our website www.scannabar.com

There are countless reasons why one should be on top of their liquor inventory. Being in the business now for over 10 years here are the 4 most prominent points I have seen during that time.

1. Get an actual inventory number. By taking inventory and updating your values you will go to sleep better at night knowing all your ducks are in a row. Along with having up to date inventory you should always have up to date inventory costs. This way you have a monetary value to your stock and you see that its not just stuff taking up space but actually the life blood of your business. Treat it like a stock you invest X and if you sell X for its full value you will receive Y. Which is a much better return then any Stock.
2. Knowingwhat you have in inventory will allow you to know what your should be ordering to replenishingyour liquor products. This will allow you to accurately stock your shelves and not have overstock sitting on the shelf tying up money that you could be using for other things in your business like promotion and advertising.
3. Negotiatingbetter buying prices. By knowing what you are using and what you normally order you can speak to your distributor and negotiate price deals allowing you to lower you bottom line and increase your profit.
4. Taking inventory can allow you to see what shrinkage you are experiencingat your bar. If you have an opening inventory + all you purchases during the period - you closing inventory you can be 100% sure what your actual losses are. No more guess work allowing you to tackle the problem head on and get your business running at optimal profit.

These are just 4 reasons why you should be taking regular inventory. With all the technology out there today there are many tools that can and will simplify the process. Do your homework and find which works best for you. I guarantee you will sleep much better knowing your liquor inventory is being managed properly.

Social Media is not a fad and will be the way people get messages across now, and even more so in the future.

The question is it right for everyone and every Bar. Maintaining a page is much more time consuming than one might think. If a page is not updated regularly it can harm your business more than help.

The questions you should ask yourself if you intend on opening up a Facebook or Twitter page is Why? Who? and how?

Why: Why are you starting a page. Your answer should not be because everyone else is doing it. You should take your time and figure out why you actually want a page and why will your page and business is different than all the others that are out there.

Who: Who will your page target. Is it existing clients, potential new clients. Your local neighborhood, the city at large. This will give you an idea of the type of content you should be posting on a weekly, daily basis.

How: How will you reach your taget market? Is it with promotions, weekly specials, open mic night, live bands. Its important that your page lets people inside your business and is the place where one will go to get information on what is happing there at any given time.

In the end jumping into social media is something one should embrace and treat as a new way to reach a larger scale of people for free or for minimal costs. Although do not just jump in blindly. Get yourself a plan and go from there I know you may just want to rush into it, but take your time try different things till you get it right. Once you do, and if you have a unique strategy you will be shocked at how people will respond. 

With all the new Brands and flavors of alcohol and liquor coming out every day. We share with you The Shelf brought to you by our friends at Nightclub & Bar.

We will continue to bring you the latest in new Spirit releases in our industry.

Take a look at what is new on The Shelf in January 2011

Click Below

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