Operating a banquet hall is a great career option for those who want to work in the food and entertainment industry but are not inclined to become a chef. However, it is important to understand that there are a lot of requirements that you will have to be familiar with to properly operate a banquet hall.
Obtain permits and licenses Make sure that they remain up-to-date and are renewed according to your state's requirements.
Hire staff. Hold your staff accountable for their actions through regular performance reviews.
Hire a caterer Look at the caterer's portfolio and taste the food before choosing whom you wish to work with.
Create a portfolio that showcases the different packages that your potential clients can choose from. Make sure to clearly list your prices and what suppliers your clients can choose to work with.
Invest in accounting software. Schedule a time each day to handle invoicing and payroll. Keep track of each provider so that you know exactly how much money is coming in.
Know your legal obligations. Be prepared for health and fire safety inspections by staying up-to-date with the current regulations.
Conduct marketing campaigns. Invest in marketing materials that showcase your food, entertainment, what types of events you host and any specials you may offer.
You will need a liquor license if you plan to serve alcohol. Make sure that you keep up-to-date with all of your providers. Get feedback from your customers so that you know what you could improve upon.