The launch of the productivity tool for managers in the hospitality sector gives five short surveys to assess a business across key performance areas, and benchmarks the user against competition.
The British Beer & Pub Association (BBPA) helped develop How Good's Your Business Really? (HGYBR) as part of an initiative led by Sir Charlie Mayfield, chairman of the John Lewis Partnership, with the support of the Government.
It is a provocative call-to-arms challenging business managers to test what they’re leaving on the table by continuing ‘business as usual’.
Pilot
The BBPA worked with with McKinsey & Company during the pilot phase, ensuring the tool’s relevance to the pub sector.
HGYBR provides practical advice on steps that businesses can take today in order to improve, information on key industry trends that businesses should be preparing for, and an assessment of how much extra profit a business could make by improving their performance.
Pubs will benefit from the insights the tool gives on issues such as increasing sales potential, effective business planning for the future, management of staff, and operational efficiency in comparison to similar businesses.
Pressures
BBPA chief executive Brigid Simmonds said: “There are considerable cost pressures on pubs. Looking at how we can improve productivity and become more profitable is essential. This should prove to be a really useful tool to promote effective business management in pubs, and I would urge licensees to try it.”
Developed to complement the Government’s productivity plan, ‘Fixing the Foundations: Creating a more prosperous nation,’ HGYBR is a not-for-profit initiative funded by the private sector.
The app is free to try and can be found at howgoodsyourbusinessreally.co.uk/