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Do You Know Your Hotel Financial Statements Well?
Are you intimidated by numbers? Or think hotel financial statements are difficult to understand. You can overcome both fears. Do not be left behind. Take action now and Click below to set it right.
Know Your Hotel Financial Statements Well
Reading Hotel Financial Statements is among the highest priorities of a hotel middle manager. The two important financial statements are Profit and Loss Statement and Balance Sheet. How well do you know them?
Financial Performance
Is Your Hotel RevPAR showing growth? What is Year on Year growth rate? Which are Your Top 3 Market Segments contributing to revenue?
Financial Position
Do you know which financial statement shows financial position? How do assets strengthen financial position? How does owner equity relate to financial performance?
Reading Statements
Do you know your most profitable market segments? Where are you losing most profit in your operation? Do you have a strategy for preventing losses?
Are You a Beginner Hotel Manager?
If you are a beginner or new hotel manager, these basics focused content are right up your street. Understand how revenue, expenses etc. contribute to hotel profit and loss.
Get Results Driven 5 Step Analysis Done
Reading a hotel profit and loss statement correctly cannot be accomplished without a game plan. That means utilizing the results driven 5 step analysis system for achieving consistent business results.
Get Your Budgeting In Order!
Are you frustrated at constantly falling short of your revenue and profit targets? Not to worry. Here are strategies that will get your budgeting and forecasting in full steam.
Do You Know Your Hotel KPIs?
Knowing which revenue management hotel KPIs are driving business results is critical. here are strategies for you to get your hotel key performance indicators delivering big time.
Simple and easy.
Read a Hotel Profit and Loss Statement Easily in 29 Minutes Course:
for Hotel Beginner Managers
Elevate your beginner hotel manager concepts to a higher level with this simple, non-technical introduction to how to read a hotel profit and loss statement without fuss or stress. Course is exclusively written for beginners.
About Your Course Mentor
Meet Lakshmi Narasimhan Soundararajan
Right from the time he was in school, Lakshmi had a head for numbers. In fact, he says, numbers talk to him and tell him stories. At the same time, as he fashioned his career in the hospitality industry, he worked closely with colleagues who did not have a financial background. He saw them struggle with numbers and fear them.
Lakshmi made up his mind there and then to commit his career to hotel finance training by simplifying numbers for the benefit of his non-financial background colleagues. He founded Profits Masterclass first and then Financial Skills Academy with the philosophy of assisting managers and small business owners to Build Financial Skills, Knowledge and Ability in themselves.
His vision is for Financial Skills Academy to be the Ultimate Learning Hub for Hotel Finance Training.
Lakshmi 's all time favorite historical figure is Leonard Da Vinci and in particular Da Vinci's love for simplicity. When founding Financial Skills Academy, Lakshmi based the value proposition for his hotel finance courses on three foundational principles: SIMPLE. NON-TECHNICAL. USABLE.
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