Latest / Craft Brewery Financial Training Podcast / From Good Beer to Great Experiences: What Today’s Taproom Guests Really Want
Transcript
- 0:00Kary Shumway: Today on the podcast, we welcome back Michael Varda from Craft Beer Advisory Services.
- 0:04Kary Shumway: We're going to focus on consumer insights, tap room experiences, and data trends.
- 0:09Kary Shumway: So what Craft Beer Advisory Services does in a nutshell is figure out why customers come to your Taproom and how to get them to come back more often.
- 0:18Kary Shumway: So we're going to talk through the biggest shifts that Michael's seen in the data about what beer drinkers are looking for today compared to just a few years ago.
- 0:26Kary Shumway: Uh surprising trends in the data that Michael gathers, how tap room visitors really differ from retail customers in terms of expectations and loyalty.
- 0:37Kary Shumway: And Michael will share his top three things that breweries can do right now to improve their taproom experience and increase return visits.
- 0:46Kary Shumway: So for now, please enjoy this conversation with Michael Varda from Kraft Beer Advisory Services.
- 0:51Kary Shumway: Welcome to the Kraft Brewery Financial Training Podcast, where we combine beer and numbers to provide you with tips, tactics, and strategies so that you can improve financial results in your brewery.
- 1:02Kary Shumway: I'm your host, Carrie Shemoy, a CPA, CFO for a brewery, and a former CFO for a beer distributor.
- 1:08Kary Shumway: I've spent the last 20 years using finance to improve financial results in our beer business.
- 1:14Kary Shumway: Now I'm helping other craft breweries to do the same.
- 1:17Kary Shumway: Are you ready to take your brewery financial results to the next level?
- 1:20Kary Shumway: Okay, let's get started.
- 1:23Kary Shumway: Just a quick note, and we'll be right back to the podcast.
- 1:29Kary Shumway: I want to let you know about a new network for beer industry professionals.
- 1:34Kary Shumway: It's called the Beer Business Finance Association.
- 1:37Kary Shumway: It's an organization of financial pros, just like you, looking to improve financial results, increase profitability, connect with your peers, and share best practices.
- 1:47Kary Shumway: So I'd love to tell you a little bit more about this.
- 1:50Kary Shumway: If you are interested in learning more, please email me, Carrie at beer businessfinance.com.
- 1:56Kary Shumway: That's K-A-R-Y at beer businessfinance.com, or you can visit BBFassociation.org.
- 2:04Kary Shumway: That's BBFassociation.org to learn more.
- 2:07Kary Shumway: Hey, Michael Varda, welcome back to the podcast, my man.
- 2:11Kary Shumway: Thank you for having me.
- 2:13Michael Varda: Round three.
- 2:14Michael Varda: Thank you so much.
- 2:16Kary Shumway: Absolutely.
- 2:16Kary Shumway: It's always a pleasure to have you and chat and catch up.
- 2:19Kary Shumway: And it's funny because I know we've we've talked all around this, but um you're the pod the first podcast that you and I have done is still like one of the most popular, most downloaded.
- 2:30Kary Shumway: So I'll reshare that so we can maybe we'll get get back to the number one position.
- 2:34Michael Varda: Hey, I appreciate that.
- 2:36Michael Varda: It's uh it's a privilege to be speaking to you and and your audience, and hopefully we can offer up a couple insights today to help some people out.
- 2:46Kary Shumway: I know we can.
- 2:47Kary Shumway: So for those who might not be familiar with you or what you do, why don't you give them some background?
- 2:52Michael Varda: Absolutely.
- 2:53Michael Varda: So I am Michael Varna, I'm the founder of Kraft Beer Advisory Services, and we are a market research and analytics firm specifically dedicated to the craft beverage industry.
- 3:04Michael Varda: We've developed a social listening product, which is uh fancy terminology for figuring out what your customers like about your place and what they like about your competitors, and getting all of our information from all over the internet, being able to tag and sort different pieces of information and then deliver that in a dashboard platform.
- 3:26Michael Varda: But what that lends itself to is really fun conversations like we're about to have uh today, where we just have a wealth of consumer insights information, and we're gonna talk about uh trends and you know what's happening and different segments.
- 3:41Michael Varda: Uh, but that is that is the bread and butter, consumer insights for craft beer.
- 3:46Kary Shumway: It's so important too, because I mean that's the fundamental problem that you know tap rooms and breweries are facing now.
- 3:51Kary Shumway: It's like, I how do I get more people to come in and spend more and stay longer?
- 3:55Kary Shumway: And you know, we're guessing a lot of the times, you know, do more social media posts or do this ad or run those specials or try this, that, or the other.
- 4:02Kary Shumway: And but if you don't understand your customer, it's gonna be really hard to know what's gonna draw them in.
- 4:08Kary Shumway: And that's fundamentally what you do, and that's why I think this topic resonates with so many people because it's sort of like, oh my gosh, that's so helpful.
- 4:16Kary Shumway: And um, you know, we were obviously at yeah, at Virginia uh Brewers Conference recently, and I think the measure of a good presentation that resonates with the with the audience is one that you look around, you see how many phones come out to take pictures of your slides, and they were literally every slide.
- 4:30Kary Shumway: Oh my god.
- 4:31Kary Shumway: And you're like, guys, you'll get the deck, and they're like, I don't care, I'm taking this picture.
- 4:35Kary Shumway: So it's pretty cool.
- 4:36Michael Varda: Yeah, well, thank you for saying that.
- 4:38Michael Varda: It's um always fun to be at those types of events, and you're you're exactly right.
- 4:44Michael Varda: It feels good to see see the iPhones pop up.
- 4:47Kary Shumway: So let's kind of dig in on that understanding who your customer is, the craft beer consumer.
- 4:52Kary Shumway: So you've obviously got tons of consumer data uh through craft beer advisory services.
- 4:56Kary Shumway: So, what are the biggest shifts you've seen in what beer drinkers want today, what customers want today, maybe compared to just you know a few years ago?
- 5:04Michael Varda: Yeah, absolutely.
- 5:05Michael Varda: So for this conversation, just to set expectations, most of what we're going to talk about is that tap room experience here, too.
- 5:14Michael Varda: So that starts with this question when we think about uh just a few years ago.
- 5:19Michael Varda: We'll take a brief trip back in time, Carrie, to 2021, where COVID is still top of mind.
- 5:29Michael Varda: It's still a word that's being spoken every day.
- 5:31Michael Varda: We're trying to think about is it okay to go out?
- 5:34Michael Varda: Should we stay home?
- 5:35Michael Varda: And during that time, there was a big focus on beer because that was the ultimate commodity.
- 5:44Michael Varda: Kraft breweries are in the business to make good beer, and that is the number one, number one piece.
- 5:52Michael Varda: So when that was taken away, the the focus became the beer.
- 5:56Michael Varda: It became uh the different styles of beer that you could get, a variety, of course.
- 6:02Michael Varda: Um, but then the world keeps moving, the earth keeps spinning, and we're able to go out again, we're able to have you know these social interactions.
- 6:13Michael Varda: So we have the luxury of good beer.
- 6:15Michael Varda: So up next was good times.
- 6:17Michael Varda: And you'll see that you know, across 2022, even into 2024, uh, spikes and mentions of entertainment and events.
- 6:26Michael Varda: People couldn't wait for a trivia night, people couldn't wait for you know comedy show or whatever you name it.
- 6:32Michael Varda: It was going to be a very big draw.
- 6:35Michael Varda: And so now we have good drink and we have good times.
- 6:40Michael Varda: And what is this last element that's been uh a little bit more?
- 6:45Michael Varda: You know, we've talked about it for years, but even been a little bit more prevalent in 2025.
- 6:50Michael Varda: It's food.
- 6:51Michael Varda: People are are back to wanting really good food, and I say uh back to uh pretty intentionally because when we think about this sort of craft beer boom, even a post or excuse me, pre-COVID to post-COVID.
- 7:06Michael Varda: Pre-COVID, it was at least for breweries, about beer, and then uh food was going to be elsewhere, and then now the expectation is that you are a one-stop shop.
- 7:17Michael Varda: Uh so the one thing we're gonna talk about a lot today is is time in seat.
- 7:24Michael Varda: And now that you have good drink and good times, people want to extend those good times, and the powerful extender is is food.
- 7:32Michael Varda: And to talk at least briefly about a little bit of data.
- 7:36Michael Varda: Um, if you've ever seen one of those um uh like call it a college football rankings chart where Ohio State starts as pre-season, actually actually I'm gonna change my example where Notre Dame starts as preseason rank two, and somebody else starts preseason rank 25, and then you know, as the weeks go on, Notre Dame's overhyped and they lose a couple games, and you see them dropping, and then you see this top 20 team coming up.
- 8:01Michael Varda: Uh, beverage is Notre Dame in that example, and then food is the top 20 team in that example, where ultimately these two are coming to a convergence point in equal importance.
- 8:14Michael Varda: And if you filter in our data for uh women or families, beverage and food have already converged in importance.
- 8:22Michael Varda: Food is equal of a driver for families and women to tap rooms than uh than their male counterparts who still uh value drink over food.
- 8:34Michael Varda: But that is uh I think the story of 2025.
- 8:39Michael Varda: Uh, congratulations, you own a brewery, and I hope that you are getting ready to join the restaurant business as well.
- 8:45Kary Shumway: People are coming kicking and screaming into it.
- 8:48Kary Shumway: But and then it's funny because at the Virginia, that was kind of the thrust of my talk was look, it's here, you know, whether you're doing a full kitchen or you have small snacks, you got to have food.
- 8:56Kary Shumway: And so you might as well like embrace it and lean in and try to make it profitable.
- 9:00Kary Shumway: But that's a great point because it's like it's going, people are going to come to your place or not based on if you have these things.
- 9:07Kary Shumway: So, again, the whole thrust of your data and collection is like what do customers want and what can you give them so that they'll come to your place more regularly.
- 9:15Kary Shumway: Is there anything like surprising about the data or the information, anything that maybe goes against conventional brewery wisdom or maybe what we think customers might want?
- 9:26Michael Varda: Yeah, yeah, one thing that really pops up as kind of a surprise to me because we hear a lot about the economy.
- 9:34Michael Varda: We hear a lot about uh inflation and inflation's hot, inflation's cooled off.
- 9:40Michael Varda: Price as a factor has been mentioned relatively consistently, with the only variance being in about six to eight percent of all of our data from January 2023 to present day.
- 9:55Michael Varda: So when we think about you know what that means, a lot of times people are thinking about how can we offer the coolest happy hour?
- 10:03Michael Varda: What can we do to get people in the door?
- 10:05Michael Varda: And people who are are paying for craft product, they expect craft prices.
- 10:12Michael Varda: And you know, they they're happy to support local.
- 10:15Michael Varda: It's the idea of you know you get what you pay for.
- 10:18Michael Varda: And for all of the owners or managers out there trying to think about how we can draw people in, it's unlikely to be with a dollar or two off a pint or 10% off uh you know an appetizer or whatever that might be.
- 10:35Michael Varda: And the other piece that I want to drive home here as well is my my favorite corporate example of this is Starbucks.
- 10:43Michael Varda: And when I go to Starbucks and I scan my app, I'm earning stars to get a reward.
- 10:50Michael Varda: And when I'm earning stars to get a reward, what is Starbucks doing?
- 10:54Michael Varda: They're valuing their product further.
- 10:56Michael Varda: They're not giving you a discount when you get that reward and you I get free vanilla and my iced coffee.
- 11:03Michael Varda: Um, it's it's actually a reward.
- 11:06Michael Varda: It's something that you've earned.
- 11:08Michael Varda: Um, I know we're going to talk about a little bit about loyalty as well, but you know, when you give somebody a discount for a pint of beer, that pint of beer, say normal price is eight dollars, but you give it to somebody for six, that pint of beer is now worth six dollars to that person.
- 11:25Michael Varda: And when you're thinking about trying to get them to come back, you know, and then they come back a second time, perhaps, and then they get it, and there's eight dollars, you know, in their heads like, oh well, well, this was six dollars last time, and um, it was really good for six dollars, but I don't know if it's good for eight dollars.
- 11:40Michael Varda: And that's a it's just a dangerous game of of discounting uh product.
- 11:47Michael Varda: And if you're doing anything, you should be valuing your product, you know, in the simplest of ways, you know, a punch card, you know, the buy ten beers, get it, get a beer free, so you get your reward beer as opposed to a free beer or a discounted beer.
- 12:01Kary Shumway: That's interesting.
- 12:02Kary Shumway: So that's a little bit of like consumer psychology, buying psychology, like how we kind of evaluate how we're spending money and whatnot.
- 12:10Kary Shumway: So pri so I guess in a nutshell, what's surprising is that uh pricing itself may not necessarily bring people in um as sort of a draw, but if you do discount it, it's gonna maybe have a boomerang effect, which is not one that's particularly good for your brand or your location.
- 12:30Kary Shumway: It's like, oh, playing around with the price like that.
- 12:33Michael Varda: Yeah, yeah, absolutely.
- 12:34Michael Varda: You just don't ever want to to devalue uh your your product really whatsoever because that's going to be the the sticking point uh for for those customers.
- 12:47Kary Shumway: Nice.
- 12:47Kary Shumway: So if you look at you know tap room visitors uh compared to say like just regular retail customers going to other establishments in terms of expectations or motivations in terms of loyalty, now how does that differ, or is it are you able to see that in the data?
- 13:06Michael Varda: Yeah, yeah, that's uh a really good question.
- 13:09Michael Varda: And um thinking about the retail aspect, distribution aspect versus taproom, tap room visitors are are going to have very, very high expectations.
- 13:25Michael Varda: You know, they're wanting a total product, uh, the total experience.
- 13:30Michael Varda: Uh that being said, loyalty is also very high.
- 13:33Michael Varda: Um, you know, if I'm going through the grocery store and I'm trying to find a uh a beer for my night, if that beer is great, cool.
- 13:45Michael Varda: However, I might not go visit your tap room because of it.
- 13:50Michael Varda: And when you think about what actually motivates a tap room visit, uh, of course, beer is a you know critical piece of that.
- 14:00Michael Varda: However, um, it's going to be these other things that are going to drive that loyalty.
- 14:05Michael Varda: It's going to be the people that you meet, it's going to be the experience that you have, whether that was an event, whether that was food.
- 14:12Michael Varda: Uh and the the beautiful part of this too is if you're able to offer a holistic tap room experience, you just open yourself up to so many things that people could latch on to uh from that time there.
- 14:25Michael Varda: And uh, you know, whether it's an environment or you know, it could be literally anything.
- 14:32Michael Varda: And you know, one of the things that I um anytime given a talk, try to think about is if you knew nothing about your tap room, what are in that first experience that you have there, pretend you're walking in for the first time, what are the three things that might make you come back?
- 14:50Michael Varda: Um if it's products, that's great.
- 14:53Michael Varda: But if it's something about your space or something about uh a characteristic or an attribute of your space, whether that's your people or or whatever that might be, you know, that that's going to be a sticking point because you can get great beer a lot of places now, including the grocery store.
- 15:08Michael Varda: So when you are thinking about a tap room visit, you have to assume that your customer wants an experience.
- 15:46Kary Shumway: Yeah, absolutely.
- 15:47Kary Shumway: So if you think about improving that experience, like based on the research and the data, like what would you say are like the top two or maybe three things that they can do to kind of improve that to increase visits?
- 15:58Michael Varda: Yeah, it's a good question.
- 16:00Michael Varda: You know, the the three things that I would say are um number one, optimize the first 15 seconds of somebody coming into your tap room.
- 16:08Michael Varda: And you know, that should be uh positive first impressions, greetings, hellos, clear signage, making sure they know exactly where they should go and that they are um very much uh met where they are at, uh, feel welcomed into the space.
- 16:28Michael Varda: And then uh number two, train your staff to start remembering things about people if they're not already, because you know, even if it's hey, good to see you again, that acknowledges that I was seen.
- 16:39Michael Varda: I was in that space and you know they remembered me.
- 16:43Michael Varda: Um and the the third thing too, uh I'm gonna say this touching on this first 15 seconds piece, but uh clear ordering instructions because you know that right there alone, you take away the stress of like, what should I do?
- 17:01Michael Varda: Where should I go?
- 17:01Michael Varda: You know, if it's a QR code, that's great, it's fine.
- 17:04Michael Varda: Um, but just make sure that you people are are on it and know exactly where to go and how to interact.
- 17:11Kary Shumway: Yeah.
- 17:12Kary Shumway: It's sweet you it's sort of classic, like don't confuse the customer, right?
- 17:16Kary Shumway: Exactly.
- 17:17Kary Shumway: Don't confuse them, make it easy because if you make it easy, uh then they're gonna certainly buy more from you.
- 17:24Michael Varda: Yeah.
- 17:24Michael Varda: We pause for two minutes, my boss is trying to call me.
- 17:28Kary Shumway: Yeah, go ahead.
- 17:29Michael Varda: Thank you.
- 17:30Michael Varda: I'm gonna see if I can respond to his um just message real quick.
- 17:37Kary Shumway: Okay.
- 17:37Kary Shumway: Awesome.
- 17:42Kary Shumway: So t let's talk a little bit about um, you know, again on the theme of improving the taproom experience, like what role does staff interactions and hospitality play in sort of shaping your customers' perception of a taproom.
- 17:57Michael Varda: Yeah, so this is touching on that last piece that we just talked about, too, with those first 15 seconds, is one, in my opinion, perhaps the most mic drop stat that I uh have been sharing from 2023 to present day.
- 18:12Michael Varda: One in three negative experiences overall are linked to poor first impressions.
- 18:19Michael Varda: And so you know, if you figured you know that you have a room of a hundred people that that just hate you, and uh all those negative googlers that you know leave those one-star reviews, you can get rid of 30 of those people uh just by offering them a strong first impression.
- 18:39Michael Varda: And that's almost entirely on your staff.
- 18:45Michael Varda: It's on your space, sure.
- 18:46Michael Varda: Like, you know, if it if it's not well kept or anything, but uh every brewery is pretty darn well kept.
- 18:52Michael Varda: And you know, you walk in and you have a cool uh like first moment of like, oh, like this is a cool place, whatever.
- 18:57Michael Varda: You can have a cool place looking a lot of different ways, but the people are are just so important and really make or break uh the experience there.
- 19:09Michael Varda: And the the piece that I'll I'll call out perhaps like the the best skill that you a bartender could possibly have is to you know be a be a bit of a social chameleon, be able to have that social intelligence to get a read on your your customer, uh figure out what type of visit are they going here for?
- 19:28Michael Varda: Are they and are they happy?
- 19:30Michael Varda: Are they sad?
- 19:31Michael Varda: Are they drinking to remember, drinking to forget?
- 19:33Michael Varda: Are they with their family?
- 19:34Michael Varda: Are they with you know uh a date, whatever that might be, really trying to match the customer's energy because that's going to be something that leaves that positive first impression, because first impressions are going to gonna be ideal, like a definition of a good first impression is gonna be different for you than it is for me.
- 19:57Michael Varda: There's probably some universal truths, like if they're smiling and there's good body language, like yes, that's good interaction.
- 20:03Michael Varda: But um the for any anybody thinking, should I hire uh staff for uh social skills or beer knowledge, you can teach beer knowledge.
- 20:14Michael Varda: Social skills are a bit tougher to do.
- 20:17Michael Varda: Uh, but touching on some of these other pieces of uh what goes into a first impression, literally body language and you know the smiling and just waving and acknowledgement.
- 20:30Michael Varda: Uh one of uh my clients in this industry said that they they teach their their bartenders scanning.
- 20:39Michael Varda: So you know, if you're just kind of like looking across the the bar and if somebody hasn't been seen yet, just scan, make eye contact, acknowledge them, make them feel seen.
- 20:50Michael Varda: Uh so some themes across the last couple of questions, make them feel seen, make them feel welcome, positive body language, and as as much as you can, match match their energy, match the customer's energy.
- 21:01Kary Shumway: Yeah, it's good advice, really straightforward, often overlooked and not done.
- 21:06Kary Shumway: And then I love how you tie it to the data because it's like um, you know, one in three negative experiences are gonna get, you know, one in three bad first impressions are gonna give you that negative rating, and you can eliminate or improve it just by training on a few basic things.
- 21:20Kary Shumway: So that I I'm sure that's helpful for people to know because we're always trying to think like what's gonna be most important when we think about training staff.
- 21:28Kary Shumway: And it can be these simple, I mean, I hate to say simple because they're really not.
- 21:31Kary Shumway: They're just like, but I'd say practical and important, and let's just say effective, you know, interpersonal skills.
- 21:40Kary Shumway: Yeah, you you've outlined them well.
- 21:42Kary Shumway: So yeah, training on that's obviously super important.
- 21:44Kary Shumway: The data supports it.
- 21:46Michael Varda: There's often no silver bullet, you know.
- 21:48Michael Varda: Anytime that you know, I have data or present data, I think it's it's natural human curiosity to be like, well, what's the one thing that's gonna change everything?
- 21:57Michael Varda: What's that magic pill?
- 21:58Michael Varda: And uh, you know, there there is no magic pill.
- 22:02Michael Varda: And um, you know, the the best thing if I could equate data to um this sort of pill analogy, data is vitamins.
- 22:12Michael Varda: Data is something that you should be ingesting, looking at daily to make sure your fundamentals are strong.
- 22:19Michael Varda: Like there's very, very rarely going to be that pill that just changes everything.
- 22:25Michael Varda: Um, you take vitamins, don't take medicine as the the idea.
- 22:30Kary Shumway: Right, right.
- 22:31Kary Shumway: You gotta you gotta do the work and and the data does maybe help you identify where to focus your efforts.
- 22:38Kary Shumway: Um so that's that's a great one there.
- 22:40Kary Shumway: So if we dig in a little bit, you know, a lot of times we have all this data, um, but we don't really take action on it, which is odd because it's like I'll tell you what to do, and then we don't.
- 22:50Kary Shumway: So do you have any advice for turning like the insights and that data into like real measurable actions, improvements?
- 22:57Michael Varda: Yeah, the the top thing is pick one thing.
- 23:00Michael Varda: You know, when when you're in data, you can be overwhelmed.
- 23:04Michael Varda: Um, because you can feel like, well, we need to do A, B, C, and X, Y, Z.
- 23:09Michael Varda: Just pick X, just pick A, whatever that is, and you create some some joint accountability with uh whether that's with your staff or trying to find a way to measure it, and you know, uh to lean on one of our uh dear friend Andrew Copeland's examples, you know, beer to go, just ask them and uh you know have that metric be measurable and be able to look at the end of uh a week, two weeks, a month, a quarter, and say, how many four packs did we sell?
- 23:46Michael Varda: And you know, what was that an increase or a decrease?
- 23:50Michael Varda: Were there any superstar performers?
- 23:52Michael Varda: You pick one thing, you do your best to make it measurable, things like first impressions.
- 23:57Michael Varda: It's tough to quantify that.
- 24:00Michael Varda: You know, you're not gonna go up to everybody and say, Oh, what was your first impression of this place?
- 24:03Michael Varda: Um but wherever you can, pick one thing, be laser focused, attach numbers to it if you can to quantify your impact.
- 24:13Michael Varda: And uh you know, that's that's the piece because um you it's it's really easy to be overwhelmed, it's really easy to feel like paralyzed, like analysis paralysis is uh it's a term for a reason.
- 24:26Michael Varda: And if you're just looking at, well, we need to fix this, this, and this, it's probably not gonna work out.
- 24:32Michael Varda: But uh the one thing that I will say is when you start tracking one goal, uh it's very likely to uh stack in in other places.
- 24:40Michael Varda: You know, if you're going to be focusing on uh asking for patrons if they would like beer to go, uh that's going to be increasing your your staff interactions and the relationship that you're building.
- 24:53Michael Varda: It's also likely in some ways to increase time and seat, uh, because those those pieces are they're all interrelated and you know good things are like a wave.
- 25:03Michael Varda: And when you start doing one, the wave is going to pick up, you start doing another, uh, before you know it, you have uh a rather rather large wave of of good things happening in your tap room.
- 25:15Kary Shumway: Yeah, it's skill skill building for sure.
- 25:17Kary Shumway: And I like that idea of just starting with one.
- 25:20Kary Shumway: And you know, we've talked a little bit about like focus weeks or focus months, focus quarters, whatever you think is and because we very often will overestimate what we can do in a day or a week, and we completely underestimate what we can do in a month or a year.
- 25:35Kary Shumway: So to to go back to your analogy, if you've got A, B, and C and you're like, oh, let's do them all, it's like, well, but let's let's just do A and then let's make that the focus for this particular month, and then let's track and measure, oh, that actually worked, and then you build a little momentum, and then you move on to B, and now you've stacked A and B.
- 25:54Kary Shumway: Um because before you know it, yeah, it'll s it'll sneak up on you, like, well, cool, yeah, now we're now we're doing these things.
- 25:59Kary Shumway: And there's always another way to can continuously improve, but you gotta start with maybe just that one thing.
- 26:06Kary Shumway: Yeah, absolutely.
- 26:08Kary Shumway: So metrics, we love these metrics.
- 26:10Kary Shumway: What are um what are some like metrics or feedback loops that you think everybody, every cap room should be tracking to really understand?
- 26:19Kary Shumway: Because we because again, there's a gazillion things we can track, but what do you think are maybe the most important so you can understand your customer and guest behavior?
- 26:27Michael Varda: Yeah, in the spirit of of focusing on on one, um, the one metric that I'm gonna talk about for the for this is time and seat.
- 26:37Michael Varda: You know, that like tab open to when you close out.
- 26:40Michael Varda: And you'll most people have that on their POS and be able to track that because let's let's talk about what time and seat actually is.
- 26:48Michael Varda: You know, time and seat, one longer time, likely higher tab, longer time, likely more customer engagement, longer time, uh, likely uh more items ordered, better experience had.
- 27:04Michael Varda: You know, it's a it's a measure of a lot of things because Gary, I don't know the last time you had a horrible experience, but you probably got out of there pretty quickly.
- 27:13Michael Varda: Um, so you're not gonna be hanging around somewhere where you're having just this fantastic time.
- 27:18Michael Varda: And uh you when you're when you're thinking about this metric and and measuring it, you know, don't don't compare Tuesday to Friday.
- 27:26Michael Varda: Don't compare Wednesday to Saturday.
- 27:29Michael Varda: Be looking at each day individually, maybe if you want a group weekends and weekdays, or like a Thursday through Sunday, but you'll really be looking at that uh as is your true measure of customer satisfaction, uh staff engagement, and ultimately it's going to be more dollars.
- 27:48Michael Varda: And it's all of that is uh more or less packed into one metric.
- 27:53Kary Shumway: Yeah, love it.
- 27:54Kary Shumway: So last question before we wrap up is you know, we've got that maybe we have some survey data, we have customer feedback data.
- 28:01Kary Shumway: Um, you know, how do how can they use that to build stronger brand loyalty, customer and community engagement?
- 28:11Michael Varda: Yeah, the the biggest piece that um I think goes overlooked is just literally talking to the people that are in there that are in your in your tap room because there's there's a lot of scary headlines floating around the industry right now.
- 28:24Michael Varda: Gen Z doesn't drink, uh and you know, obviously it's a challenging time with um just a lot of closures and uh tumultuous you know times, just maturing of the industry.
- 28:39Michael Varda: There's a lot of noise.
- 28:40Michael Varda: And how can you block out the noise to make sure that you're actually meeting what your customer wants?
- 28:45Michael Varda: Your customer is not this mythical individual who lives online and lives in surveys and lives even in our data.
- 28:53Michael Varda: And I love data, I make a living off of data.
- 28:56Michael Varda: But your customer is not a spreadsheet, it's not a dashboard.
- 29:00Michael Varda: Your customer is actually visiting you uh right now, uh, you know, depending on when you're listening.
- 29:06Michael Varda: But your customer is there, and that is your most valuable asset.
- 29:10Michael Varda: And places that I've seen do it really well.
- 29:13Michael Varda: Get uh a mixture of regulars, a mixture of, you know, call it maybe first through fifth timers, and be you know, the owner, go have a beer with them, go organize a table.
- 29:25Michael Varda: You know, what is it that you like here?
- 29:27Michael Varda: We you want to be involved in the community and get some ideas.
- 29:31Michael Varda: Give your customers some ownership in the business, some equity in the business to sort of guide these these decisions.
- 29:39Michael Varda: And um they again, you just we can talk about macro level stats all day.
- 29:47Michael Varda: Uh they are very good directionally, they give us an idea of what's going on, but at the end of the day, uh it is it is the people that are within your the four walls of your brick and mortar who um are going to help you uh with the community engagement, brand loyalty, and ultimately just making improvements that matter.
- 30:09Kary Shumway: Yeah, it's great.
- 30:10Kary Shumway: You know, it strikes me that, you know, right, sure, all that feedback is right in front of you.
- 30:14Kary Shumway: But do you ask, you know, I I try to think of a circum a time when, you know, I'm sitting in a tap room or even a restaurant, and someone would, you know, maybe it's the owner or the manager.
- 30:23Kary Shumway: Usually what happens is it's sort of like this throwaway question how is everything today?
- 30:26Kary Shumway: You know, can we but if you come up with maybe more authentication?
- 30:29Kary Shumway: Authenticity, like what can we, you know, oh sure, how was your experience?
- 30:34Kary Shumway: But how can how can we do better?
- 30:36Kary Shumway: You know, is there one thing we can do better on people?
- 30:38Kary Shumway: Are you know not everybody some people can be oh no no, everything was great, right?
- 30:41Kary Shumway: But other people will actually tell you, but you got to ask the question, and I think that one-to-one interaction is a great opportunity to really learn more about the people that are there because you're right, we've got a lot of macro stats, we've got a lot of trends, uh, but you've got the the case studies there right in your tap room.
- 30:58Michael Varda: Yeah, no doubt.
- 30:59Michael Varda: Most valuable asset.
- 31:01Kary Shumway: Cool.
- 31:01Kary Shumway: Michael, always a pleasure chatting with you and love the information that you're sharing and the work you're doing.
- 31:07Kary Shumway: I think it's extremely valuable for those in the beer community.
- 31:10Kary Shumway: So thank you for that.
- 31:11Kary Shumway: If um people want to get in touch with you, maybe learn more about your business, what you do, and how they can profit from it, what's the best way for them to do that?
- 31:20Michael Varda: Yeah, so you can check us out at Craft Beer Advisory Services.com.
- 31:24Michael Varda: We are active on Facebook and Instagram and LinkedIn.
- 31:29Michael Varda: Uh, my personal email is just Michael at Craft Beer Advisory Services.com and send us a message on any of those channels and we'll get in touch.
- 31:38Michael Varda: Michael, thank you so much for the time and information.
- 31:41Michael Varda: Love it, man.
- 31:42Michael Varda: All right, great to see you, Carrie.
- 31:43Michael Varda: Thanks for having me.
- 31:45Kary Shumway: Thank you for listening to the Kraft Brewery Financial Training Podcast, where we combine beer and numbers so that you can improve financial results in your brewery.
- 31:54Kary Shumway: For more resources, tools, guides, and online courses, visit Craft Brewery Financial Training dot com.
- 32:01Kary Shumway: And don't forget to sign up for the world famous Kraft Brewery Financial Training newsletter.
- 32:06Kary Shumway: Until next time, get out there and improve financial results in your brewery today.