100th Post Published!Would you consider that an achievement?Do you celebrate milestones in
Learn to Read Hotel Profit and Loss Easily
If you are a hotel middle manager, one of your highest priorities is being able to read your hotel profit and loss statement. 90% of managers tend to read the hotel profit and loss incorrectly. Are You One? Fix it now.
Know Your Revenue, Expenses and Profit Well
Reading a Hotel Profit and Loss Statement is all about understanding revenue, expenses and profit, the three major components. How well do you know these components?
Revenue Triggers
Occupancy and Average Daily Rate are the two triggers that contribute to revenue. This is the first step in reading a hotel profit and loss statement .
Expense Triggers
Revenue cannot be generated without incurring expenses. Knowing expense behavior into Fixed and Variable is critical to generation of revenue.
Profit Triggers
Profit can be enhanced or reduced by revenue and expenses. However, knowing which and by how much are key to boosting the profitability of the hotel.
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.
Hand Picked For You
Lakshmi Narasimhan Soundararajan
Lakshmi Narasimhan Soundararajan
When was the last time you actively pursued your own professional development?This
Lakshmi Narasimhan Soundararajan
Are you a hotel middle manager?This update specifically showcases:Strategies to help you
Lakshmi Narasimhan Soundararajan
7 Pandemic Era Skill Sets Every Hotel Manager Must Acquire 7 Pandemic
Launching Soon...
Your All in One Place Professional Development Center.
Sign Up in Advance for 7 Day FREE Trial
[Upon Launch]
Financial Skills Academy Membership