Hotel Financial Coach Blog

Hospitality Financial Leadership – Free Property Management Software – More Disruption?

Our industry is ripe for all kinds of disruption. The two big disruptors today are online travel agents and home sharing services. If we look back, we see all kinds of “other” disruptors that seemed on first glance to be negative. In many cases they ultimately helped solve a problem we could not master. Or,...

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Hospitality Financial Leadership – Every Line Needs an Owner

One of my mother’s favorite sayings: Many hands make light work My dear mother Donna often recited her favorite sayings, especially when she wanted to make a point. She had some really good sayings and several have stuck with me. One of them I relate to hotel financial leadership. Her saying was “Many hands make...

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Hospitality Financial Leadership – Financial Statement Analysis and Your Hotel Career

If you google the words “financial statement analysis,” you will get a long list of definitions like this one by Wikipedia: “Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company’s financial statements to make better economic decisions. These statements include the income statement, balance sheet, statement of cash flows,...

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Hospitality Financial Leadership – A White Paper on a 6-Month Client Workshop and Coaching Engagement – Part 3 of 3

The following is an overview of a six-month financial leadership project that I recently completed at a full-service hotel. The project consisted of six half-day hospitality financial leadership workshops delivered in house and monthly 1-1 leadership coaching appointments with the 15 managers assigned to the program. Each month of the project we completed a group...

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