Running a pub requires a unique array of skills, from knowing your way around accounts to providing free counseling to regulars!
Whilst it may seem like a lot of work, the rewards can make it all worthwhile. Not only do you play a significant role in your community, but you may also help to safeguard against loneliness and foster a thriving social scene in your local area.
Convincing refreshed patrons to head elsewhere when it comes to closing time is far from the only concern that face landlords. Planning for adverse scenarios is the best way to mitigate against them.
Theft and criminal activity
Pub stock is valuable, be it food and drink or electronic devices, and may become a target for criminals should they see an opportunity to commit theft. Install a robust security system including CCTV and strong locking mechanisms for all entrances.
It is also crucial to stay as alert as possible while the pub is open too. Busier times when staff attention is diverted might also provide opportunities for thieves. If your establishment is routinely busy, it may be worth hiring security staff to act as a deterrent to thieves.
Regularly monitoring any pub insurance policies you may have taken out will also help you act quickly in the event that something unfortunate does occur.
Increasing costs
Businesses of all kinds across the country are struggling to cope amid the cost-of-living crisis and supply chain concerns.
Energy prices have soared, while the logjams suffered by many suppliers have inflated food and drink prices. This is expected to remain an issue well into 2023.
Passing these increases in your costs onto customers is often a last resort, as it can drive away previously loyal patrons and can also lead to a downturn in footfall in your area.
In response to this, you could try and cut your trading hours down to account for increased energy prices and source from local suppliers to save on food costs.
Tough competition
Pubs have been at the centre of our communities up and down the land for generations.
Previously, local pubs haven’t had to contend with big-name competitors, particularly in more rural areas. However, an increase in chain companies spreading their reach has led to country pubs starting to close at an alarming rate.
In light of this, pubs need to rise to the challenges set by these high-street contenders and begin making changes to their offerings. As a business owner, you should look into providing food and drinks from local businesses that others aren’t or hosting themed nights. It’s all about making a name for yourself in a highly competitive environment.
