107. 7 Tips to TURN AROUND a Failing restaurant | Save your restaurant

How to turn around a failing restaurant?


Today, we are answering an inquiry from a fellow
restaurant owner who's going through a tough season right now.
They're wondering how to survive the restaurant business amidst
the pandemic crisis we are all facing at present.


Sadly, this coronavirus fiasco has brought an adverse
impact in different industries around the world, and we, in the
restaurant business, are not exempted.


If you are asking, when is it time to close your
restaurant? The answer is NOT NOW. If you have not done these
seven tips, I'm about to share, this isn't the time to give up
just yet. Save your restaurant and take these few steps:


1. Step back and take some time to ponder on
these:


-What's your objective?


-What's Your Vision?


2. Know your Numbers - How far are you from your


break-even point?


3. Gather customer feedback - What do customers LIKE
about your restaurant?


4. Have a cost analysis


5. Conduct a location analysis


6. Do a SWOT analysis


7. Measure your marketing initiatives - what has worked
and not?


>>> Let's make some dough! Please check out the
following videos below to help you turn around a failing
restaurant:



How to calculate your break-even point in 3
minutes



https://youtu.be/vqDKh4xsUE0



LOCATION LOCATION LOCATION



https://youtu.be/xK36yGSttqQ



RESTAURANT SWOT ANALYSIS - How to conduct a swot
analysis for your restaurant
https://youtu.be/vePk26r5aA0



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#restaurantindustry
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#beatcoronavirus
#makingdoughshow