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Restaurant Management | Forecasting and Analysing Sales

gistLondon

Summary

Price
£69 inc VAT
Study method
Online + live classes
Duration
2 hours · Part-time
Qualification
No formal qualification

Overview

How to Forecast Sales

Forecasting sales is always a tricky task, and though no forecast is ever 100% accurate, getting as close as possible to reality is a major key to the successful management of any food business.

Getting your forecast right means you can have the right amount of staff at the right time, your stock and orders are placed on time and you don't run out of goods, and you don't over/under prepare food.

In this live online course, we will teach you the fundamentals of getting your sales forecast right, and a few tips on how to get really good at it.

What is gistLondon all about?

gistLondon is a personal and professional development academy, dedicated to the food and drink service industry. From coffee shops to deluxe hotels, on the high street or in a station - if you work with food and drinks - gistLondon was created for you!

With us, you can learn how to take control of your career with a variety of courses from gistLondon, and start transforming your career!

It is a known fact that income will rarely exceed personal development, and so personal development is very often the key reason behind income growth and job satisfaction. Whether you plan on becoming a manager, owning a business one day, or taking off in a totally different direction, with a gistLondon course you will master top-level management and business skills such as employment law, business planning and financial reporting which will greatly add value to your career!

gistLondon is the only academy to offer personal development plan (emotional intelligence, success planning and self-growth) alongside key industry skills - tuning each of our graduates to a leading force in their working environment.

We have over 20 years experience in the industry, and we have a panel of experts assisting with making sure our content is the most relevant to you.

A career in restaurant management is one of the most fulfilling career choices one can make. Daily human interaction, flexible working patterns, and great social life are but a few of the reasons you choose to do it. Education is the foundation of all growth, and I invite you to invest in your growth and education with me. All of our courses were designed to deliver fast, continuous personal growth in this great career choice!

Every year, we see more and more jobs being replaced with artificial intelligence and automated machines. Hospitality stands firm in the face of this movement. People will always want other people to interact with, to serve and be served by. This is human nature. You are working in one of the most exciting and fulfilling jobs out there, and we have a set of courses to make sure you build a fast growing successful career in it.

Course media

Description

How to Forecast Accurately?

  • Footfall and natural traffic
  • YOY and LFL analysis
  • Changes in pricing
  • Changes in the marketplace
  • Weather, events and other factors
  • Basic forecasting formulas
  • Accurate ordering
  • Accurate staffing
  • Online tools and apps in the market

This is a live face to face online course with real tutor delivering so plenty of time for questions and advice is allowed for.

Who is this course for?

Business owners and managers who wish to improve their financial performance and sales forecasting accuracy.

Requirements

  • PC / Tablet
  • Google hangouts account
  • Headphones
  • Some experience in the industry

Questions and answers

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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