Is Lack of Financial Skills denying you promotion opportunities?

Is Lack of Financial Skills denying you promotion opportunities?

No one likes to confront missed opportunities!

Are you a Front Office Manager (or at an equivalent level) with less than 3 years of experience?

Are you (or could be) losing promotion opportunities to that Director of Rooms or Operations or higher position?

Are you being passed up for promotion because of your lack of financial skills?

Are you losing that promotion opportunity to someone who has good financial skills?

Or are you just realizing yourself that you are lacking in financial skills?

If you hesitated even a little answering those questions, you could be vulnerable.

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To what you ask?

Well, it is a proven fact that without good financial skills, you cannot aspire to higher positions.

These higher positions require financial decision making and analytical skills a great deal.

Moreover, in this post covid-19 era, where hotels are struggling to regain revenue levels, financial skills are critical.

Do not be left behind just because:

  • You are afraid of financial skills or 
  • Think financial skills are difficult to acquire.

Any skill is difficult to acquire in the beginning.

Financial skills are no different.

As a professional finance person with more than 25 years of industry experience, I can confirm one fact to you.

Acquiring financial skills is not rocket science.

You can acquire it and become financial savvy if you commit yourself to it.

You have no choice if you want to grow professionally and get those promotion opportunities.

I will lay out a strong case for a solution that more than meets your situation.

However, you must make acquisition of financial skills a key element in your professional development.

Believe me, you will be a lifelong beneficiary for that initiative.

Ready?

Let us dive right in.

What if I told you that there is a simple solution to acquiring financial skills?

What if I told you that the solution is one which is not difficult by any stretch of imagination?

What if I told you that the solution is something you can apply at your own pace?

Finally, what I told you that the solution is totally non-technical with no jargon and needs no kind of financial background?

What?

You are already looking at me skeptically!

Is there is such a solution?

I am glad you asked the question.

Yes, there is.

Welcome to the one stop shop for acquiring financial skills, knowledge and ability!

Financial Skills Academy Membership!

Financial Skills Academy Membership!

Let me give you a sneak peek at the solution that is coming soon...

Financial Skills Academy Membership Dashboard

Financial Skills Academy Membership Dashboard

Lo and behold the Financial Skills Academy Membership Dashboard.

What’s in it for you, you ask?

Awesome question.

Before I begin giving you more details of what’s in it for you, let me first deal with the why?

Why is the Financial Skills Academy Membership relevant to you?

Let us dive right in.

Remember the questions I asked earlier.

Let me reproduce them.

Lacking Financial Skills - Opportunities Missed

Are you a Front Office Manager (or at an equivalent level) with less than 3 years of experience?

Are you losing promotion opportunities to that Director of Rooms or Operations position?

Are you being passed up for promotion because of your lack of financial skills?

Are you losing that promotion opportunity to someone who has good financial skills?

Or are you just realizing yourself that you are lacking in financial skills?

Is your lack of financial skills showing up in hotel performance meetings with your bosses?

As said earlier, it is a proven fact that without good financial skills, you cannot aspire to higher positions.

Positions which require financial decision making and analytical skills a great deal.

The Post Covid-19 Need for Financial Skills

Moreover, in the post covid-19 era, where hotels are struggling to regain revenue levels, financial skills are critical.

Do not be left behind just because you are afraid of financial skills.

Are you?

Or think financial skills are difficult to acquire.

Do you believe acquiring financial skills is difficult?

As a finance professional who has invested more than 25 years in the industry, let me assure you.

Acquiring financial skills are not difficult by any stretch of imagination.

Having assured you, what is the solution I talked about earlier?

Well, it is quite simple.

Begin by answering these questions honestly to yourself.

Are You Adding Financial Skills to Your Toolkit?

Have you assessed yourself in terms of your current financial skills?

What is lacking?

Often it is a fear of numbers which has no basis.

I will prove to you that it has no basis soon in these blog posts!

Have you made an effort to acquire financial skills?

Over the last two years, the covid-19 pandemic has frozen travel.

However, it has also brought to the forefront what was an already multi billion dollar industry.

And that is online learning.

You can acquire all kinds of professional skills through online courses.

And this makes you competitive in promotion opportunities at your hotel.

You also become a more complete and professional manager with acquisition of financial skills.

But you have to be careful while choosing online courses for acquiring financial skills.

Most of them suffer from major drawbacks.

In Part 2 of this update next week, we will see

  • What those drawbacks are,
  • How to avoid them and
  • Of course the solution.

Opportunities For Building Your Financial Skills

Here is what is coming on a weekly basis:

  • The Financial Skills Academy Philosophy (why should you care?)
  • Welcome Kit for new members (carefully picked resource kit for building financial skills)
  • Ultimate Guides (one of the stars…pssst, details later)
  • Online Course Library (all courses available for member level)
  • Asset Library of premium content exclusively for members (templates, infographics, checklists, etc.)
  • Community - Thriving Facebook Group for you to interact with
  • News & Updates (regular updates on benefits and fresh new member content releases)
  • Upgrade Options (how can you move from one level to a higher one with the maximum benefits and least cost)

For the price of a couple of breakfasts, you will be able to access all applicable content as many times you want!!!

And the benefit of lifelong learning!

You cannot place a value to that!

[For example, Profit and Loss Statement Simplified for Front Office Managers, shhhhh…just between you and me! and much more]

Hotel Profit and Loss Statement Simplified

Hotel Profit and Loss Statement Simplified

You will be getting bonus free content on top of all the regular ones.

For example: Member Only Financial Skills Building Podcast.

Financial Skills Building Podcast

Financial Skills Building Podcast

This focused podcast will help you acquire financial skills, knowledge and ability easily among other resources.

Next Week

How to Select Online Courses for Acquiring Financial Skills & Pitfalls to avoid!

Stop fearing financials and commit to becoming financially savvy.

You can do it if only you set your mind to it!

Financial Skills Academy is your friend, philosopher and guide in this journey.

Good Luck and Happy Journey!

If you wish to Sign Up as an Early Bird for the Exclusive, Limited Pre Launch Membership deals + bonus content, do so next week.

We are giving away free memberships based on lucky draw of Early Bird sign ups.

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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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