Tracking inventory, purchases and sales figures provides vital information that can make or break your bar. Use the data you gather to control costs, guide your purchasing and maintain profitability.

Once you have your equipment in place and you're just about ready to open your new bar, you can start working with suppliers to get your startup inventory. That means it's time to finalize your drink ...

As a staff writer for Forbes Advisor, SMB, Kristy helps small business owners find the tools they need to keep their businesses running. She uses the experience of managing her own writing and editing ...

A typical bar owner looks for a gross profit margin that falls in the low 80 percent range. Typically, a bar manager will think about his pour cost, which is the inverse of the gross profit margin.

This excerpt is part of Entrepreneur.com’s Second-Quarter Startup Kit which explores the fundamentals of starting up in a wide range of industries. In the book Start Your Own Bar and Club, the staff ...

In the book Start Your Own Bar and Club, the staff at Entrepreneur Press and writer Liane Cassavoy explain how you can launch a profitable bar or club, whether you want to start a nightclub, ...