Checklist: 8 factors to consider to win in the business

meeting-strangers

Image courtesy of Abstract-living.com

Competition is winning the business game — attaining the needed sales, leading the market, comfortable edge in the sales figure, and of course, getting to be popular in the line of business.

But winning is easier said than done. Times have changed along with technology, revealing new ideas, ways of communication, and equipment. This is especially true in the hotel, restaurant, and institutional industry, even among suppliers and players in related sectors of laundry, food safety, and sanitation. There are new tools to use to pursue objectives, new services coming up, and new approaches for these industries to win old and new customers and even to maintain them.

On this regard, are we prepared in the following considerations to fulfill our objectives?

Vision/Mission – Have you been visiting your vision and mission regularly to gauge whether they are still synced with the times and objectives? Are the customers’ wants and needs still the same? Have you realized what new segments can provide better figures?

Total quality management – Is this in practice and in conjunction with total plant management?

Marketing and sales – Are these two groups well coordinated for the common goals and sales target needed? Are the new customer types, services, and products considered very well?

Operation – Will it be able to deliver the sales and marketing group efforts?  Are the commitments, terms, standards, and quality tailored fit for the customers fulfilled?

Services – After the necessary products are delivered, will the corresponding, expected after-sales service be provided on time?

Suppliers/Supplies – Have the quality standards been established to the point of reliability in all aspects?

Contracts – Different contracts are drawn with customers and suppliers, too. How about the advantages or long- and short-term  contracts? Will such contracts bring down costs, increase productivity and quality?

Pricing – After all has been said and done about quality, availability, standards, operation, and terms, pricing is established. This is the final measure in the competition game — will it result to bigger sales but lower profit or lower sales yet bigger profit? Take your pick.

What do these all mean for the hotel and restaurant industry, specifically the laundry, food safety, and housekeeping sectors?

Customers are happy with clean crisp linen and being served with quality safe food in sparkling and spotless dining wares. These are easy to be promised but they also require a lot of backroom effort to produce the quality and standards needed. All the eight issues above will have to be dealt with carefully to succeed with the competition game.

Are you performing well in all these factors? Let’s talk: rhapolega@yahoo.com or send me a tweet @isitcleanph

5 challenges hotel and restaurant professionals will face in 2016

It’s that time of the year again when we go back to our drawing boards to review the past year’s performance and look ahead to the coming year, which includes reading through predicted market trends in the industry.

Instead of trends, though, I’ll be identifying the main problems that professionals in the hotel, restaurant, and institutional industry will face. It is only when we prepare ourselves to address these challenges can we fully maximize what the market holds in 2016 in the Philippines.

Whether you’re a supplier, business owner, or manager of hotels, restaurants, and institutions, you may likely face 5 key challenges in 2016:

 

Competition

conrad-manila-bay-hotel-construction-site-progress-photo-wow-architects

Conrad Manila under construction, designed by WOW Singapore. Photo grabbed from wow.sg

The industry is booming in a way that sees more hotel and food players – and subsequently suppliers, too – coming in. For instance, there are 6,773 hotel rooms under construction in the Philippines, according to STR Global in February. Competition is the No. 1 concern among managers these days, and it is a challenge for companies who aim to increase sales turnover.

In the face of competition, managers must ask: Will it be price-driven wherein more innovation are introduced thereby increasing the product price? Or continue with the current system thus utilizing the old price in exchange of bigger sales turnover?

 

Quality results

Granting that sales turnover increases, how about customer complaints? Without giving enough focus on quality, you may also find the number of complaints increasing, which will be eventually bad for your business.

 

Equipment and production line

1379770_634673439910134_68192835_n

Managing maintenance and labor costs, and mulling the question of outsourcing, must be confronted in 2016. Photo grabbed from Facebook

Along with the increase in number of new hotels and restaurants, suppliers in the outsourcing business such as laundry and linen rental are rising as well. Older properties find themselves with aging equipment in their laundry, kitchen, and housekeeping. Should these be replaced with newer, more efficient ones?

Re-layouting, retrofitting, and retooling these equipment for better services and lesser operation cost must also be considered. If you’re a hotel, you may likely be mulling about completely outsourcing laundry to save on maintenance and labor costs.

 

Labor

Labor is one of biggest expenses in the service industry, leading managers to streamline processes to manage labor costs. In 2016, reducing labor cost must support efforts to improve sales.

 

Utility Cost

The industry is heavily dependent on electricity, water, and gas; kitchen facilities and water heating are reliant on electricity or fuel, while laundry on water and electricity. These costs have been rising over the past years. Maintaining or reducing the cost with better services or products on a foreseeable higher utility price must be considered.

 

If you have any questions, feel free to email me at rhapolega@yahoo.com