Ultimate Hotel Finance Training Cookbook

Ultimate Hotel Finance Training Cookbook?

A cookbook on hotel finance!

Am I out of my mind?

Hmm…not really

Allow me to explain my thought process (however crazy it must sound to you!).

Take a look at some profiles I have listed below.

Are you one of them?

If yes, you may have found a gold mine in learning!

I will lay out the recipes (pun intended!) in this one of a kind cookbook.

Here is an infographic that represents the Ultimate Hotel Finance Training Cookbook idea.

As you can see, cookbook is a metaphor.

I have used this metaphor considering that food and beverage is a big part of a hotel business model.

And not so out of place after all.

So, What’s the Ultimate Hotel Finance Training Cookbook about, you ask.

All in good time.

Let’s get to it.

This Ultimate Hotel Finance Training Cookbook will cover:

Ultimate Hotel Finance Training Cookbook Vision

Well, my philosophy about this cookbook can be stated as follows:

Share focused, individual recipes for every aspect of hotel finance training like:

• hotel financial performance
• hotel financial analysis
• hotel financial statements
• hotel revenue management
• hotel financial decision making
• hotel asset management
• how to build financial skills, knowledge and ability
• restaurant performance

and more…

Are You One of these with < 1 Year Hotel Experience?

Front Office Manager

Food and Beverage Manager

Executive Chef

Revenue Manager

Hotel Owner

Restaurant Owner

Hotel Student

If you have a profile similar to the above and have difficulty in:

• reading hotel financial statements
• analyzing business results
• taking financial decisions

then the Ultimate Hotel Finance Training Cookbook is your friend, philosopher and guide.

Why Hotel Finance Training?

Why am I calling it training?

Well, every hotelier is in need of regular professional development.

For that matter, who does not need it?

Post covid-19, professional development has become your own responsibility.

You grow skill sets that way.

On the other hand, online learning has grown even bigger.

If you wait for companies to sponsor or conduct training, you will be left behind.

That means being committed to developing your financial skills, knowledge and ability.

You take ownership for your own professional development.

I am doing my bit to assist through hotel finance training.

I founded Financial Skills Academy so that you could grow:

• Financial Skills
• Financial Knowledge and
• Financial Ability

irrespective of your financial background.

I want you to give every accountant (never mind I am one too!) a run for their money.

I want to enable you to be more financially savvy than the finance fraternity itself.

How about that for a mission!

Want to go on this exciting journey?

OK, let’s get back to some specifics.

What’s unique about our hotel finance training, you want to know?

Unique Value Proposition of Hotel Finance Training

Often, learning platforms focus on financial knowledge only.

They drum a boatload of course information into you.

As if the world challenge currently is more information, not less!

Consider this though.

If you cannot translate your financial knowledge to financial skills, is it not a waste of your time and effort?

Say you are not able to utilize your financial skills for problem solving and decision making.

Is that not meaningless for you?

Dale Carnegie once said: Knowledge isn’t power until it’s applied

So, the Ultimate Hotel Finance Training Cookbook is about building financial skills, knowledge and ability in you.

One recipe at a time.

It is about empowering you.

How?

Through specific recipes that will grow financial skill sets in you.

That will build the all important basics.

I have taken great pains to ensure a few typical hurdles are removed for you.

The Ultimate Hotel Finance Training Cookbook recipes are:

• Jargon free (as in non-technical).
• Example driven & Easy to understand.
• Action based Learning you can apply (to take successful financial decisions)

This is why we pride ourselves as the Ultimate Learning Hub for hotel finance training.

And this cookbook is proof of that!

You get a glimpse of what's in store as well.

Your Expectations for Hotel Finance Training Cookbook

What can you expect from this cookbook?

I am envisioning this cookbook to be like a Chef’s recipe library which you can :

• learn from, through understanding concepts
• utilize simple examples
• refer to as a manual
• look up for strategies and inspiration

If you like the cookbook idea, please share the recipes.

And spread the word to your hotelier and other colleagues.

So that they benefit too.

My goal is reach an audience of at least 100,000!

I know, I know, I am sounding crazier than before!

However, bear with me.

And yes, do spread the word around.

Thank you in advance, I really appreciate it.

Format of Hotel Finance Training Cookbook

You will find the recipes in this cookbook laid out in the form of:

• Crisp Concept Explanations, Examples
• Visual Keynote Slides
• Byte Sized Videos & shorts
• Colorful Infographics
• Excel file Templates
• Fictional Paradise Hotel with actual financial statements (your learning companion)

and so on.

It will be my endeavor to keep this cookbook as visual as possible.

How are the Cookbook Recipes organized?

I will keep the recipes simple and easy to digest (pun intended!).

It will be laid out broadly as follows (extending the metaphor of the recipe):

• Key Ingredient (concept)
• Sauces (example, how to calculate etc.)
• Taste (decision making)
• Nutrition (business results)

Chef’s Take

Every recipe in this cookbook will have a chef’s take.

Chef as in me.

In that section and relevant to that particular recipe, I will share:

• Traps to avoid
• Things to watch out for
• What you should pay attention to
• owner expectations
• experiences & anecdotes in the industry

and so on

I will wear a typical stakeholder hat while

providing that take so that you benefit.

Your Contribution to this Cookbook Recipes

This is not just a one sided set of recipes I have decided on.

Ideally I look forward to your input on topics you would like me to create recipes on.

Apart from that, your feedback on the recipes themselves will help greatly in making this cookbook dynamic.

Ultimate Learning Hub for Hotel Finance Training

How can you go beyond these recipes?

What recipe or even cookbook upgrades can you access to take your hotel finance training to the next level?

Obviously, the cookbook will feature recipes which will give you a great taste of topics.

However, you will want to take your financial, skills and ability to a new level.

Particularly if you aspire to higher positions.

Well, you can enroll in the Financial Skills Academy Membership (coming soon..).

This will be the ultimate learning hub for every kind of hotel finance training.

You will get access to entire cookbooks themselves (to extend the metaphor).

Click here to learn more.

The Financial Skills Academy Membership follows the same philosophy as this cookbook.

To build financial skills, knowledge and ability.

And transform you into a business savvy hotelier.

Next 5 Recipes being Cooked Up Right Now (to be served one by one)

UHFTC Recipe 1 - Restaurant Table Turnover Rate Magic

UHFTC Recipe 2 - Managing Inventories for a Better Bottom Line

UHFTC Recipe 3 - Yield Vs Revenue Management

UHFTC Recipe 4 - Restaurant Buffet Bundling Strategy

UHFTC Recipe 5 - Profit Flow Through Analysis

Your Feedback

Do you have any questions?

What do you think about the Hotel Finance Training Cookbook idea?

Any suggestions for improvement?

What recipes (topics) do you find difficult to understand?

Comment below and I will take a shot at it.

See you soon (very soon!!!) in the first recipe of this cookbook.

Here is a sneak peek at that first recipe:

Ultimate Hotel Finance Training Cookbook Recipes

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