Restaurant businesses in Ireland can now avail of a range of practical, action-focused business and finance tools free of charge via Fáilte Ireland’s newest business tools website www.businesstools.failteireland.ie. Recently launched, this website offers restaurant businesses easy access to an ever-expanding bank of practical resources tailored to their requirements.

Expert tools currently available on the website include the following:

Quick Business and Marketing Plan Wizard
This interactive tool takes the pain out of writing a Business and Marketing Plan, providing step-by-step guidance and prompting owners and managers to consider the competitive challenges faced and how to best steer their business forward. The completed plan can be saved in Word format to your computer and edited further over time.

Practical information guides/information sheets< on relevant topics such as Understanding your accounts, Managing your cashflow, Know your break-even point and Pricing methods.
For example, the Know your break-even point information guide explains what break-even point is and uses simple diagrams and practical examples to illustrate the importance of break-even analysis to a business. The Pricing methods information guide explains cost-plus pricing, margin pricing, break-even pricing and target-profit pricing and the reasoning behind each method.

Calculators
e.g. Quick Cashflow Forecast calculator, Quick Break-even and Target Profit calculator

Downloadable templates
e.g. Staff-roster template, Annual Cashflow Forecast template, Cashflow 3-Month Forecast template

Useful checklists
e.g. Cost control checklist, Preparing to meet your bank manager checklist.

Many tools can be downloaded, saved and printed, allowing businesses to maintain their own records for reference and review.
Get familiar with Business Tools for restaurants at http://www.businesstools.failteireland.ie/Restaurants.aspx