<![CDATA[Bizpal Find - Blog]]>Sun, 25 Nov 2018 07:46:36 +1000Weebly<![CDATA[Bizpal welcome new member to the team!]]>Fri, 01 Dec 2017 03:31:32 GMThttp://bizpalfind.com.au/blog/bizpal-welcome-new-member-to-the-team
Bizpal Find is excited to announce our new member to the team - Sylvia Po-Ching, as Director of Sales.

Sylvia has extensive knowledge and experience in Hospitality Equipment and Asset Finance, not only in Australia but also across New Zealand and Canada; working in the Hospitality and Finance industry for a number of years in leadership, operational and sales roles, helping build innovative solutions.
​We are fortunate to have Sylvia join our team, expanding the Bizpal Find presence into the Victorian market.

Welcome to the team Sylvia!
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<![CDATA[​New or Used Hospitality Equipment?]]>Tue, 21 Nov 2017 04:15:17 GMThttp://bizpalfind.com.au/blog/new-or-used-hospitality-equipment
​Whether starting a new Hospitality Business or running an Existing business, a lot of owners are looking for a bargain and to use working capital wisely.

Consider & compare all of your options "
Things to take into account when selecting equipment:
  • How important is the equipment to your business?
  • How would you rate reliability on a scale 1-10?
  • What type of Warranty would you like with the equipment​
  • Operating conditions ie; Climate for refrigeration
  • Brands and reputation
  • How much is your budget?
  • Should you consider funding options to conserve working capital?
Mistakes we often see:
  • The Business owner buys from Auction.
    This can mean that the quality of the equipment is unknown. When a vital piece of equipment breaks down during a busy period the impact on the business can be significant. Saving a couple of dollars when purchasing a second-hand piece of equipment may end up costing you more in revenue and service costs.
  • Not taking climate into consideration, in particular with refrigeration.
    Unfortunately, sometimes a customer will purchase a cheaper brand not taking into account the summer tropical months, resulting in loss of food etc.
  • Using their own capital.
    Spending valuable working capital on deprecating assets (equipment) in a business may not be the best use of capital. Reserving working capital for seasonal business trends, and marketing to get more revenue can be a better option. This is critical for a new business that may take time to grow their customer base.
  • Buying the cheapest.
    The old saying of “you get what you pay for” often applies. As an example, a hotplate or oven that does not maintain a consistent temperature ends up impacting food quality and also your operational costs.
 
Solutions:
  • Used Equipment.
    Buy what you know. If the seller can provide you some assurances (such as a warranty or proof of servicing), buying Used equipment can work well.
  • Budget.
    Hospitality Funding options are available and worth considering. This ensures that you don’t sacrifice quality.
  • Consider and compare all of your options.
 
For more information give us a  call on 1800 011 981, we supply Certified Used Equipment (with warranties) and New Equipment.
 
Hospitality funding solutions are also available through our partner business Bizpal Services
Stephanie Richter
​Marketing Co-ordinator
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<![CDATA[7 Factors of a Successful Hospitality Business]]>Tue, 14 Nov 2017 23:33:53 GMThttp://bizpalfind.com.au/blog/the-common-success-factors-of-a-hospitality-businessPicture
​Bizpal have been working with new and existing Hospitality Businesses for many years. In this time, we've noticed the following common traits of successful Hospitality businesses that grow in size and profits:

Business plans.
Most successful hospitality businesses have been using business plans from the beginning, detailing their vision and forecasts on both revenue and operating costs. They use these plans like a road map and calibrate regularly on their journey.

​​Controlled cashflow.
These successful businesses have reserves in place particularly in the start up phase. They keep in mind that often after opening their doors it can take a few months to start seeing a profit, and know that once established there may still be unexpected costs in the business.
Using finance to their advantage.
Many of our clients will ask for various finance options to suit their business needs to ensure that they conserve their capital rather than draining cash reserves.

Marketing strategy.
Having a marketing plan and budget is key, as well as frequently engaging on social media.

Having an exit plan in place.
Running a Hospitalty business can be rewarding, but it can also be hard work. Having an exit strategy should be part of any business plan to keep you aligned.

Great staff.
Employing the right people in a business provides customers with a great experience, meaning they will return, and also encourages a great workplace environment.

The right equipment.
Everyone wants a great deal however successful operators understand that with equipment, you can’t afford to cut corners. If an oven , dishwasher, or point of sale system stops working on your busiest night it can be at an extreme cost to a business. 
Things to take into consideration are:
- Age of equipment
- History of equipment. Has it been inspected by a licensed technician?
- Warranty. If it isn't new, look for used equipment that still includes a warranty period.

If you would like to discuss your finance or equipment needs please give the Bizpal team a call on
1800 011 981, we're here to help!
Bizpal - taking the fear out of operating a Business!"
Stephanie Richter
Marketing Co-ordinator
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