Monica Berg:
Pricing & business
S3:E2 Pricing & business
What do you have to consider when opening a bar? This is one of the most common questions that Monica gets asked. In this episode Monica shares the five main things she wished she knew before embarking on the process of opening Tayēr + Elementary.
1. Costing your cocktail
Understanding the true cost of your drinks and creations is fundamental to a bar's profit and loss. As much as it's important to make delicious cocktails, bars need to ensure a venue still makes money. Monica delves into the fundamentals of costing your cocktails.
2. Pricing & business
What do you have to consider when opening a bar? This is one of the most common questions that Monica gets asked. In this episode Monica shares the five main things she wished she knew before embarking on the process of opening Tayēr + Elementary.
3. Maintaining a healthy business
Monica believes the most important part of a successful bar is to build a great team; this can be one of the best investments you can make for your bar. People need purpose and an environment where they are allowed to make mistakes, learn and grow. By understanding individual strengths and weaknesses, you can bring together people who complement each other with different skill sets who, when working as one, can drive the business forward successfully.
Full Cast
The Creator
Monica Berg
Monica Berg is a bartender and entrepreneur. Her work includes Muyu liqueurs and London bar(s) Tayēr + Elementary with partner Alex Kratena – no 2 on The Worlds 50 Best Bars 2022. Monica has been awarded “International Bartender of The Year” at the Spirited Awards, “Bartender’s Bartender” by The Worlds 50 Best Bars and is currently ‘most influential person in the Bar World 100’ by Drinks International. She is co-founder of P(OUR), which works to expand drinks knowledge across the bar community and support those protecting regional biodiversity.
tayer-elementary.com
monicasuh
Country
Oslo, Norway, now in London
Residency
Tayēr + Elementary
