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Two – Overcoming Financial Limitations to Increase Growth for an F&B establishment

Two – Overcoming Financial Limitations to Increase Growth for an F&B establishment

Two – Overcoming Financial Limitations to Increase Growth for an F&B establishment

Case Study: A F&B establishment in the CBD area

A renowned F&B establishment in the Central Business District undertook a productivity diagnosis and internship training design exercise to increase their sales and business sustainability.

Executive Summary

Client Challenge:

To identify areas of improvement in business productivity and internal communications in order to enhance business sustainability.

  • Lack of clarity on how to improve business sustainability
  • Uncertainty with regards to which aspects of business is limiting sales growth
  • No productivity measurement system to track efficiency and wastage

Goshen’s Solution:

Executed the IMPACT assessment tool to analysis company-level productivity indicators, and showed a correlation between lack of sales growth with limited manpower and financial resources.

  • Recommended targeted branding activities and marketing outreach to office buildings in the immediate vicinity to increase sales
  • Engaged the Restaurant Association of Singapore under the SME talent management programme to pursue interns that do not significantly increase company overheads.
  • Co-developed two internship programmes with the management for 8 weeks and 1 year internship training plan.

Impact on Client’s Business:

  • Equipped the management team with the right productivity indicators to make the best strategic decision to grow the company’s business sustainability.
  • Reduced material costs by 30%
  • Internship plans doubled as staff training guide to consistently ensure high-quality training for new staff.
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