Reasons bars fail -lack of financial lacking -rent must be no more than 10% of all sales -systems in place -owner manages the system not the employees -poor customer service -don’t stop marketing ( give customers in your place a premium experience) -ask how is everything going, introduce as owner / manager - not measuring, monitoring or following up -in god we trust, all other must bring data -poor execution plans and goals

Bars always seemed like a good idea since drinking is so integrated within many cultures.

Love the parts about systems. I started doing this at my fathers pizza business with newer and current employees and it changed the dynamic completely. Most get upset or angry at someone because they "expect" them to know it all right away. Not the case. Encouragement bit by bit, letting the person know if it is right or wrong, and how to make it right. The more you can get them having little successes on their own, the better. Eventually, the employee that was considered bottom tier, is one of the most valuable and they enjoy their job.

I've lived for long periods in Spain on the Costa del Sol watching tourist and uk ex pat orientated bars changing hands all the time as they keep failing. From my observation the commonest reason for this is the husband or wife running the place is simply miserable and has difficulty holding any conversation with customers beyond taking an order and presenting a bill.

I was recently at a small bar that looked like it was doing well. The only employee visibly working was the bartender. It was like they were relying for the customer to return to the bar for a refill. They had 4-6 televisions and 2 billiard tables so they had ways to entertain. It was in the wonderful location. A beautiful view of a lake

So true, lack of systems is key.

Thanks so much for sharing your experience and knowledge we( my wife and i)are in process of finding our city ordinances sitting down with someone who is with city and prior chamber President and discussing our business concept and also looking at location..

Reason 1 - their owners turn drunkards :D

Thank you for being good at business but also at explaining it. Two different things. :) Much appreciated.

This was amazing Dave, Thanks for being such a BOSS. Lots of epic refreshers and new bits in here that I really appreciate. Toying with opening my first location, but climbing deep into the KZfaq University rabbit hole before I do! ;-) Hope you've had an amazing Summer. Best, -AK

Dave. This was wicked...top stuff.

Awsm intel. Will incorporate in my pub. Thnx

Opening a venue in San Antonio... 12 acres, 3 outdoor restaurants, on a river, with live bands... I already own a successful construction company.

GREAT ADVICE! THANKS!

This is so well articulated. Everything that you said is followed in successful corporate companies

Nice Video! Keep up the good work!

Thank you for sharing your insights. I am planning to open a Bar that will start from scratch.

Very good video. I think there are definitely more points at play - especially depending on your location. In Dubai there is a big issue, of an extremely competitive market. It is almost a given, that all bars are reasonably good in customer service - but marketing is key. Another one, which has been not put out there is: promise/delivery. Especially owners are often very quick to attempt to be “the best of town” but then cannot follow up in their payroll, necessary equipment etc. You have got to promise the right concept and just over-deliver (however the problem in a high competitive market is, that you really cannot much “under-promise” - because this would affect effectively your footfall.

My team was most accountable to each other when they knew each other well. I made sure to have staff outings (family invited), holiday parties, and regular all-staff meetings to build the culture of my team. Then Covid killed it lol

Thank you for this excellent video!

Loved this video, thank you

All very good advice. Thanks for creating and uploading this!

This is awesome, thank you!

Number 5 is everything having said that employees are part of the system enforcing a creed for the work place is essential

Im planning to open a bar in 10 years from now. All of the stuff you said is already in my mind to be successful. I guess i was made for this. If you are common sense or just so mature person, this is a peace of cake. Everything looks so easy, now money is the thing. Without money you can’t start anything.

Thx so much I'm still a teen but I want to start a bar when I'm older so you know ima try so hard and the personality part will work out for me I'm good at that I'll make people feel wanted

Thank you so much for sharing

..thanks to this video, it helps me to my studies..❤️

I don't run an actual bar, but hey, this is good for barkeep characters, too, time to not let my bar fall out of business, helped.

Thank you, it is informative

Exceptionally great video! More businesses even ones outside of the bar and restaurant industry should implement these, the only thing I would say to add to this is finding a balance between speed, and cleanliness. And that's where what you were talking about with systems would come into play a lot. Thanks for the vid hopefully people listen to this cause it's great advice!

Great point on systems.

planning to open a bar maybe 5 yrs from now. thanks for sharing.

100%. can’t agree more. i went to fix a restaurant that i own 10%. they have all kinds of problems. i told manager, you don’t have a system in place, make you work harder and others do whatever they want…great improvement after fixed things systematically, i follow up and check them 2 times a month

Yesss E-Myth is what made my first business so successful!!! Great vid....the best detailed advice. Thanks very helpful :)

This makes me think I'd rather not open a pub but instead aim to become the head chef. However the problem with that idea is the income will probably be low and stale.

Good stuff Dave 👍

These are all so true, thanks , as usual, for the great advice 🥰

Good advice 👍🏾

Get out ofnthe mindset that "you work for yourself." It is such a tired cliche that some owners take too far. You don't. You work for your customers. They pay your bills and mortgage. I guess that applies to.any business.

I am impressed. You are like a loving drill sergeant. Thanks Dave!

thank you so much . i actually want to open a cafe and those reasons are so related , meric again

Stoked to find you. Great video, thanks!

Great video

Let your customers market for you I've done handy man work for clients in Orlando since 18 now I'm 19 it started from one manager at Disney needing receptacles relocated and now I fix gutters doors windows drywall hanging TVs and making or relocating receptacles good money but my dream is owning a small bar trying to do my 10year in 3

Thank you for this video. It was very informative and to the point!!

Is there an app to help with tracking and to know what to track??

One must remember restaurants are cyclic. Customers cycle returant to restaurant no matter how good, they eventually will be bored of it.

Please explain what giving a customer a premium experience is? Location is in Miami Beach. What is customer "experience" besides speedy and friendly?

I found this very informative. Looking into opening a bar with appetizers only. Any helpful videos to get me started ? I have waitering, catering, bar tending in my history. Not giving up day job for this. Hoping it will be a source of income in the future.

I want to run a bar, but I'm concerned about safety issues. Like what happens when you go to close up late at night, and there's people waiting outside to jump you and stuff like that? Also, what about cash transport...do I need to have a Brinks cash pickup service or something like that?

I wish you can help me kickstart my business I love your content

Something so abious that I learned from running a bar joint take the tags off the bottle😮😢😅🎉❤😊😂.

It was interesting to see.

I want to open a dive bar though...

What was your cigar start up cost to open your cigar bar and lounge?

is he drinking a coffee while making the voiceover for this video?

This is great. I had to sub. How do you measure and monitor your business? Does it better explain it in "The E Myth" book?

I am here because I usually see copper bars at the serving counter on American movies. We do not have them here in the UK. what purpose do they serve?

Useful! My restaurant is not doing well, I can definitely learn something from this video.

Good quality entertainment can help a pub to thrive

so true.

"I was looking for copper, but found gold" kinda video

Bar Rescue is a scam. I'm a regular at a bar where that happened. The bar was forced to change the name to something stupid, forced to feature overly complicated mixed drinks the patrons were not interested in, forced to have overly complicated pricing and the establishment was forced for a long time to purchase from a different supplier for that little bit of publicity. None of that increases revenue. The ' remodel ' was very superficial and only on the few surfaces on camera. The jerk whose show it is refused to do a meet and greet with staff. Staff was offended by that. Also, staff were already stressed with the whole procedure and were forced to ' playact ' on camera. The whole story the show presented was a LIE. The staff had to make up things to say while on camera. So it was a BIG WASTE OF TIME AND EFFORT + the owner was stuck with a supplier with less than favorable terms and a stupid new name for the bar. When the owner was approached by producers for a follow-up episode he declined. At no point were ownership or staff or patrons interviewed about issues facing the bar. All that was presented as the scenario was a big, fat, made up LIE.

Thank u

Typo 8:50 it says "current", when you meant curtain i believe.

straight facts

Good ppt

It's sad when bartenders/cooks are cut because it's not busy when we should be jumping by 10/11 pm. I guess that's what happens when owners/managers would rather drink instead of advertise. 😕

If rules are not follow it will be shut down even the owner driving cars

Do a top 5 reason nightclubs fail

Bottles sold is one thing but how is a bar owner supposed to keep track of how much draft was dispensed that day

Cool

There's only 1 reason now in 2020......😷🧤

at 2:17 he says your "occupancy" should not exceed 10% of total sales." What is "occupancy"? Occupancy normally refers to how many people are physically in the bar, but total sales is a dollar amount. Those are completely different categories, so I don't understand what he's talking about.

The marine corp needs you back in Kabul

I agree have a great system for inventory staff bookkeeping and accountability. Also stop thinking the customers always right your team customers and business have to be respected 100% of the time! Learn to use social media. My third rule do not work with womanizers their heads in a different place.

💐💐💐👍👍😍😍😍😍💐💐💐💐😍😍😍

Finally F yelp if your on yelp and not in your business you will lose staff!

Good thing I dont own it this bar owner have this bar for 39 year and it looks the same I dont drink and wen I go out its hard as I smell like garbage ....

look I am not into any food or bar business but if u are not on top of your money u will lose more from employees theft

i have been working in a pub from age of 8yo u dont need to advertise ur bar it dont mater where it is people will travle for a good beer

Number 6, your staff is ripping you and your patrons off.

A power point...😑

I want to open up a gay bar but do not have the capital

Rent number 1 9000 per month ridiculous, or more

Realize this is several years old, but having done 1000's of presentations, see a way you might improve here. One of my basic rules is never read your slides. Your audience is doing that while you are talking. Rather just repeating what's there, make sure the key points are made - prefereably with different words - or with examples. Stories about why the points you are making are crucial. Another approach is to reduce the words, so your audience is paying attention to what you are saying versus reading. A simple way to do this is to replace the words with a picture, or a single word. Liked your presenation even with these comments....

Imagine a future where business owners, including those in bars, salons, and tattoo parlors, have the ability to monitor their financial transactions in real-time from any location. With the use of Bitcoin, they gain unprecedented transparency and control over their finances, empowering them to make informed decisions and manage their businesses more efficiently.

2 words : 💵 Jay Abraham 💵

you learn me nothink cause i m in France

Please can you send to my email that power point please