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Whether it’s a coffee at the local, a night out with friends or a bite from the cafe near work – hospitality is where smiles are guaranteed, good times shared, and delicious offerings consumed.
Sadly, the dine-in hospitality experience has been compromised seemingly overnight and only slowly and carefully emerging again.
So, as a hospitality business owner – how can you maintain your confidence, keep your staff and remain viable for now and the future?
Read more from Crest Accountants to find out.
1. Re-invent your business offerings
With restrictions due to social distancing rules and assurance of patron and community safety, it can be easy to think this is the end of your business. You may be asking yourself:
- How can I serve people when no-one is allowed to dine in?
- How can I continue to employ my valued staff? (More on that later)
- How can my business survive if everyone is staying home?
Don’t dwell on what’s out of your control, instead, hone in on what you still can provide. With limited dine-in numbers for cafes, restaurants, pubs and clubs, you can still promote your takeaway menu with the option of delivery!
Try contactless deliveries where ordering and payment is digital (which is nothing new) and turn your hospo staff into temporary delivery drivers!
Your staff need your leadership now, more than ever.
2.Support your staff
Your staff make the magic happen, they’re the frontline face of your cafe or restaurant, bar or function centre, and right now, they’re doing it pretty tough, like you.
Why? Because overnight, hospitality workers temporarily or completely lost their jobs. Thankfully, the Australian Government, along with the tough measures to keep us safe, rolled out economic packages to keep staff employed and hospitality venues viable.
The JobKeeper scheme:
- Guarantees eligible workers $1500 per fortnight to remain employed and businesses afloat
- Could mean some hospitality workers are better off, with a guaranteed, flat-rate of $750 a week regardless of age, wage, part-time or full-time contracts
- Ensures hospitality operators don’t have to foot the bill of keeping their workers employed when business is low, and revenue is down.
The current health crisis will end, and the hospitality sector will flourish again, but in the meantime – support your staff with some help from the Government, and business advice from your Gold Coast Accountant.
3.Keep up with the latest news
As a business owner, it’s time to stay on top of the latest news, regulations and advice.
I’m sure you already know that as of May 18th, 20 patrons (not including staff) are allowed to dine-in, yes you heard correctly, in pubs, bars and cafes for meal services, providing appropriate social distancing measures are adhered to How will your hospitality business adapt to the latest change?
When you keep on top of the latest news in relation to the hospitality industry in Australia, you have a better opportunity to market your offerings, safeguard your patrons and staff and re-open to full capacity once again.
You can keep up to date with all the latest business news from your Gold Coast Accountant here.
4.Seek professional advice from a Gold Coast Accountant
In an industry that’s often fast paced and full of surprises, you need tailored hospitality accounting services to benefit your hospitality business.
Crest Accountants provide:
- Hospitality tax planning services
- Innovative business structures
- Strategic planning and ongoing business advice
With business advice from your Gold Coast Accountant, your hospitality business will rise from the ashes, you just need to remain positive in the meantime.
Need innovative accounting solutions for your hospitality business? Contact Crest Accountants today for and tailored accounting advice to keep your hospitality business alive and thriving.
