Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Sports Bar Management
A sports bar represents a business that could not only be a blast to manage, but also an incredibly profitable endeavor. Yet, at the same time, there is also a significant amount of risk involved in such a business and efficient and effective management is a critical success factor in overcoming any obstacles that are created by the risks in the industry and the local environment. Furthermore, there is a high failure rate associated with the industry based on the associated risks. According to a frequently cited study by Ohio State University on failed restaurants, 60% do not make it past the first year, and 80% go under in five years (Feloni, 2014). There are many factors that can account for the high failure rates of small restaurant and bar businesses, however mis-management is commonly cited near the top of most lists. The most common reasons why failure rate increase in the beginning of the business (Aida, 2015):
Low start-up capital
Poor knowledge about competition
Wrong Location
Poor restaurant promotion
Inconstant offer
The bad partnerships relations
Poor inventory and staff management
The lack of original ideas
Many aspiring sports...
While this may be true, there is also a lot of hard work and preparations that must go into the business to make it successful. Furthermore, even with hard work, many owners simply do not have the business skills to make their operation successful. For example, a sports bar might have great food, wonderful service, and even draw a regular crowd but still go under. Managing a sports bar requires that the business keeps a close eye and monitors all aspects of the business to ensure success.
One of the most important aspects to management is collecting and monitoring the relevant information that attributes to profits or losses. The information necessary includes everything from inventory turnover, to margins, to average service response time, and many more. Without this information, it is easy for a manager to make several mistakes without even knowing it. For example, say that one type of order is a big seller and it popular among patrons. However, the costs of the order are actually higher than expected and the margins are low (possibly even representing a loss). Without a proper methodology and metric system to be able to gadget profitability, the sports bar manager might…
References
Aida, M. (2015). 10 Ways How Restaurants Failure Can Be Avoid. Retrieved from POS Sector: http://possector.com/management/restaurant-failure
Feloni, R. (2014, February 25). Food Network Chef Robert Irvine Shares The Top 5 Reasons Restaurants Fail. Retrieved from Business Insider: http://www.businessinsider.com/why-restaurants-fail-so-often-2014-2
Management and Business Issues There are multiple time management issues that Ruben has evinced in this brief case study. Firstly, it is apparent that he has issues with prioritization of his time. In situations in which there are multiple factors vying for his time, he seems to concentrate on the latest one or perhaps the one that seems the most fun. Instead, I recommend that he prioritize his activities, beginning with
Athletic Training Whether to win marathons or to make it to the state football championships, all athletes need some form of training. Lately, increased focus has been placed on the specific importance of weight, or strength, training for the overall conditioning of a casual or professional athlete. The terms "weight training" and "strength training" are technically different, but often the two terms are often used interchangeably. Typically, weight training implies the
Sports Wagering -- Who is Involved and Why? Gambling and sports have gone together for over a century, according to a new book called Sports Ethics for Sports Management Professionals, so this is not a new phenomenon at all. But to quote from the book, "Gambling in sports is replete with unethical motives and practices"; and indeed the authors go on to point out that gambling "…is a form of cheating,
Spectators and Event Staff: By and large, the event staff does an excellent job of facilitating a positive fan experience. The ushers who stand by every seating section guiding fans to their seats are polite, friendly and always smiling. This is true of security and many of the concession workers two. There is a sense that workers enjoy the atmosphere and benefits of working at the stadium. This helps to stimulate
Sports and Anti-Trust Is the National Football League's Requirements to Enter the Draft a Violation of Antitrust Law? If so why? Why does the NFL think it is not a violation? Defining the AntiTrusts Legislation Sherman AntiTrust Legislation Clayton Antitrust amendment Presidential support The Maurice Clarett Case The NFL's position, The effect is could have on the game. Judge Scheinin's decision Sherman Antitrust Act Clayton Act Basis of Judge Shira Scheinin's Decision Other cases from other Professional sports leagues, like the NBA, that are
It's well-known that soccer, like religion, can provoke violence like hooliganism and tramplings at overcrowded, large stadiums, and this is what many Americans assume it is all about. "But soccer has also proved unique in its ability to bridge differences and overturn national prejudices. The fact that the World Cup could even take place in South Korea and in Japan, as it did in 2002, was a victory for tolerance