Sunday, July 11, 2010

Is changing your hours of operation an option

The Great Recession, Reset and all around ridiculous economic malaise continues on. You have cut every cost, squeezed every last penny out of your margin, focused entirely on the customer and still the struggle has no visible resolution. Maybe it is time to look at hours of operation. Do you really need to be open the hours that you are?

Can you close some days and maybe offer cooking classes, special dinner parties or other use of your space without shuttering your business? Be open Thursday through Saturday for dinner only. Discontinue the lunch business entirely, the night business if your a QSR sandwich or breakfast place?

Prior to the Great Reset everyone was concerned with maximizing the rent per square foot by increasing top line revenue. Maybe just maybe reducing or redistributing top line revenue leads to a higher, sustainable bottom line which will fuel current survival and future growth?