How to Read a Hotel Profit and Loss Statement

How to Read a Profit and Loss Statement podcast takes a unique look at how to understand key triggers to Key Performance Indicators (KPIs).

It suggests a Big Picture Overview first and then a drill down approach to analysis and interpretation.

Along the way, the podcast shares some tips to avoid critical errors in reading this important financial statement.

The Profit and Loss Statement is the primary financial statement for hotel performance analysis and it is important to understand and interpret it effectively.

This podcast is part of the Mastering Hotel Performance Analysis Course written exclusively for hotel operations managers available at www.profitsmasterclassblog.com (currently, for a limited time, at a special 50% OFF)..

If you an aspiring general manager, build The Ultimate 10 Tools in a Hotel General Manager Business Toolkit with the Mastering Hotel Finance Online Course.

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Lakshmi Narasimhan Soundararajan

How to Read a Profit and Loss Statement podcast takes a unique

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About the author, Lakshmi Narasimhan Soundararajan

Lakshmi Narasimhan Soundararajan is the Founder of Ignite Insight LLC a New York City based consultancy, which specializes in Hotel Finance Training, Coaching and Consulting.

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.

Lakshmi can be contacted at +1 201-253 5000, nara.profitsmasterclass@gmail.com or at LinkedIn www.linkedin.com/in/slakshminarasimhan/

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