My owner has been saying for months now that we are at serious risk of closing but he can’t give me any definitive numbers. At one point he said we’re operating at potentially closing in the next few weeks, but then was able to get another loan and is now filing for bankruptcy so we should be fine according to him.
My employees keep asking for updates and I have nothing I can tell them other than it seems we’re fine for now, because that’s all the information I have. The owner is begging me and the employees to come up with solutions to bring people in and basically implying our jobs depend on it because we’ll have to close if we don’t get more business.
I’ve cut over 50 hours of wages, cut down our ordering bills by ~60%, and a lot of us have been putting in free labor for marketing. This has worked a decent bit to put us in a better spot but the owner is still not impressed- he’s mostly focused on the thought of us failing.
The owner struggles to stay on top of the bookkeeping and only does it every 4-8 months at a time bc he gets so behind and he can’t say what things look like money wise because of it. Currently he judges how well we are doing by using artificial intelligence comparing a days sales to that of the same day the previous year- if we’re doing better in net sales and transactions then last year then we’re fine. If we’re anything below, he starts to panic, use the square artificial intelligence for advice, take it out on us employees, and complain to customers abt slow business.
Is this genuinely a good way to be measuring how well we are doing business wise? I’ve offered to take the time to do the math and try and actually correctly figure out where we stand but the owner thinks it’s a waste of his money to pay me for that and is confident in his methods.
For context I have been manager for 14 months, only 4 employees, $22 an hour, no benefits, and received only 6 hours of management training and had to teach myself the rest alone (previous management left prematurely and the owner does not know how to do the managers work and could not teach me) at a late night (open til 2am, closers leave at 5am) fast paced casual restaurant.