03Aug/18

4 Things You Shouldn’t Forget When Opening a Restaurant

Everyone knows about stocking the bar and monitoring the temperatures of the walk-in freezers. But what are some things that first-time restaurant owners typically forget? Here are just a few. Make a note of them while planning for your own grand opening!

1. Alternative Menu Options

You don’t want a vegetarian to sit down at one of your tables and have absolutely nothing to eat. The same goes for people with gluten, lactose or peanut allergies. If you dream about owning a restaurant where all people are welcome, you’ll need to offer dishes that all people can enjoy.

2. Your Liquor License

Most people don’t forget this, but they underestimate how long it takes and how much bureaucracy is involved. If you need to obtain a Texas liquor license, start the process at least 4-6 months in advance. You might get lucky, and it might not take that long, but it’s better to be safe than sorry. You don’t want your opening night to be completely dry.

3. Entertainment

The tables are set. The candles are lit. The doors are open. But where’s the music? Suddenly, in the deathly silence of your restaurant, you realize that you’ve forgotten to provide any kind of ambiance or entertainment. This will be especially grievous if you own a casual or bar-like establishment where people might expect to see TVs and other activities around.

4. Uniforms

A good uniform policy will keep your staff looking nice and sharp. Before you officially open for business, however, make sure that everyone is on the same page about what breaks the rules. You don’t want to be called away from circulating with patrons because there’s a dispute about whether a waitress’s shoes are allowed under the dress code.

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Understanding the Scope of Business Analytics

Business Analytics

Business analytics is a wide area that covers the analysis of data using operations research and statistical analysis. It also has to do with the formation of predictive models and application of optimization techniques. The results are then conveyed to the executives, the business partners, and the customers. This is an area that requires the application of quantitative methods as well as data that is evidence-based so as to model business activity and aid in the decision-making process.

Data Required

Business analytics usually deals with a massive amount of data whether structured and unstructured. It uses the business data collected on a daily basis. Business analytics techniques are applied so as to get to the different insights provided by the data that are needed when making good business decisions as well as smart strategic moves.

The Benefits of the Data-driven Approach

The results of business analytics are typically used in the making of decisions that are data-driven. The insight provided by analytics allows companies to optimize and automate the different business processes. Such companies are in a position to achieve an advantage over the competition.

Business analysis can be used to accomplish many different things including:

· Perform data mining where data is explored so as to find relationships or new patterns.

· Do thorough statistical and quantitative analysis so as to understand exactly why some of the results are achieved.

· Look at previous decisions and test them.

· Use predictive analytics and modeling so as to have an idea of how future results will turn out.

· Support for the making of proactive decisions. With this approach, they can also automate the process of decision making so as to have real-time responses where support is required.

The Challenges

As with any other approach, there are some

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