As the financial year comes to close, we are currently in preparation for the companies forth coming final accounts. The main aspect of this so far is the dreaded stock take that was undertaken a couple of days ago. This was done rather early this year due to the fact that we were days away from opening trade at the golf club. As the club and our other businesses will use combined stock, it was vital we counted the stock prior to the opening of the golf club.
Every bit of stock from dry to frozen food had to be counted and recoreded, as well as all alcohol and sprits. It was a very boring few days but something that is essential. It was becoming increasingly clear throughout the stock take that we had large amounts of unused stock that was going to be difficult to sell. This had been noticed by our boss and was something he was going to address.
What followed was a discussion between my self, the company manager and the owner. The main topic was how to avoid the large amounts of unused stock apperaing again next year. The three of us spent a good hour discussing our possible ideas and solutions until we were all in agreement. We eventually decided that the easiest way would be to order less stock more often and therefore eliminate our bulk buying method. Although this may initially result in a small increase in some products prices it would be worth it in the long run, as we would be left with only easily managable amounts of stock.
Tuesday, 10 February 2009
Diary Entry 11: Communication
After much careful consideration, It was decided by my boss that the option to run another golf club, alongside our other companies, was something that could not be turned down. Therefore, we had to take all the proper steps to insure we were fully prepared to operate this club successfully.
We knew the key for successfully running several similar companies was strong communication. As employees are working at both companies, its that vital that everyone is able to communicate and relay information to one another. This is important as the same stock is used at each premises, therefore if one business is running low on something we need to know if the business has any spare stock available. If not we can put in a order for more stock as soon as possible. Also by having constant communication between the two businesses, we are in a position to send extra employees to a premises if it sudddenly becomes unexpectantly busy. By operating both businesses side-by-side we can take full adavantages of both businesses strong points.
In order to reach these strong lines of communications we have installed direct phone lines between each premises. Also our boss has decided that each friday afternoon we will meet to discuss each business and decide which staff will be working where, depending on the current level of bookings taken.
We knew the key for successfully running several similar companies was strong communication. As employees are working at both companies, its that vital that everyone is able to communicate and relay information to one another. This is important as the same stock is used at each premises, therefore if one business is running low on something we need to know if the business has any spare stock available. If not we can put in a order for more stock as soon as possible. Also by having constant communication between the two businesses, we are in a position to send extra employees to a premises if it sudddenly becomes unexpectantly busy. By operating both businesses side-by-side we can take full adavantages of both businesses strong points.
In order to reach these strong lines of communications we have installed direct phone lines between each premises. Also our boss has decided that each friday afternoon we will meet to discuss each business and decide which staff will be working where, depending on the current level of bookings taken.
Tuesday, 3 February 2009
Diary Entry 10: New for 2009!
Myself, the company manager and the owner all recently met, to discuss new ideas we had regarding the company in 2009. We all agreed that due to the current credit crunch within the u.k, changes are vital if we are going to continue operating successfully.
The first change I suggested was to alter the current menu, in order to make it better value for money. Although this is difficult to do, I felt we good still supply quality products at reduced prices. In the end we agreed to draft a new menu which included a special 'winter warmer' section, where customers could enjoy a two course meal for only £7.50. We hope this menu will attract more customers throught the winter months.
Another main issue we discussed was the option of taking over another Golf club that has recently become available within the area. We already provide cateering for penmaenmawr golf club and our reputation has meant another club has approached us. Although this would be a fantastic source of extra income, the amount of extra work would be staggering. The boss eventually decided that we should visit this new potential club and then decide whether or not we would be able to run it successfully, without it effecting our other businesses.
The main topic had been how we can cut costs without letting any empoloyees go. Other ideas I raised were looking at different food suppliers and ending our current contract with Calsberg. I did some research which proved that we could save hundreds of pounds by simply buying our alcohol from a local supplier, which did not require a contract agreement. This particular idea seemed to please my boss greatly and his has already arranged a meeting with the local supplier in question to discuss price lists.
The first change I suggested was to alter the current menu, in order to make it better value for money. Although this is difficult to do, I felt we good still supply quality products at reduced prices. In the end we agreed to draft a new menu which included a special 'winter warmer' section, where customers could enjoy a two course meal for only £7.50. We hope this menu will attract more customers throught the winter months.
Another main issue we discussed was the option of taking over another Golf club that has recently become available within the area. We already provide cateering for penmaenmawr golf club and our reputation has meant another club has approached us. Although this would be a fantastic source of extra income, the amount of extra work would be staggering. The boss eventually decided that we should visit this new potential club and then decide whether or not we would be able to run it successfully, without it effecting our other businesses.
The main topic had been how we can cut costs without letting any empoloyees go. Other ideas I raised were looking at different food suppliers and ending our current contract with Calsberg. I did some research which proved that we could save hundreds of pounds by simply buying our alcohol from a local supplier, which did not require a contract agreement. This particular idea seemed to please my boss greatly and his has already arranged a meeting with the local supplier in question to discuss price lists.
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