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276 : Six Ideas for Increasing your Revenue

276 : Six Ideas for Increasing your Revenue

FromKeys To The Shop : Equipping Coffee Shop Leaders


276 : Six Ideas for Increasing your Revenue

FromKeys To The Shop : Equipping Coffee Shop Leaders

ratings:
Length:
28 minutes
Released:
Apr 8, 2021
Format:
Podcast episode

Description

How do I make more money? Which areas of the business can I adjust to increase my profitability? These are the questions on the minds of most coffee entrepreneurs. Running a coffee bar means you make your money via low profit margins that compound when scaled. It is not as easy as simply introducing a new flavor, choosing the right rewards program, or offering tempting discounts and deals. In fact, a lot of the usual tactics are money drains not money makers and are definitely not sustainable. Many of the ways to make more money are hiding in plain sight.  In today's episode we are going to talk about six proven methods for increasing your shop's revenue that are both achievable and sustainable. Not to mention they offer the benefit of strengthening your companies foundations and culture in the process.   We will cover: Service + Speed Well curated specialty item programs Cost + Inventory Retail placement  Getting out of your shop Investing in culture Related episodes to listen to next:   223 : Building a Financially Resilient Business w/ Andrew Carroll 211 : Straight Talk from the Retail Doctor, Bob Phibbs 184 : Making Great Business Decisions w/ Dave Stachowiak 173 : 5 Areas of Focus for Retailers 160 : The Smart Way to Approach Money w/ Jill Schlesinger   The BEST in commercial coffee equipment! www.prima-coffee.com/keys   Want the best plant based beverage for your coffee drinks? www.pacificfoodservice.com  
Released:
Apr 8, 2021
Format:
Podcast episode

Titles in the series (100)

Keys to the Shop is a podcast designed to provide the coffee retail professional, with insights, inspiration, and the tools you will need to grow your and advance your coffee career or coffee business. Together we learn from experts both in and outside the coffee industry as they deliver specific, practical, and actionable advice about barista work, management, leadership, personal development, and anything that will help you achieve success.