Hospitality Financial Leadership – How can you create it every day in your hotel?

 

“Leadership is the art of giving people a platform for spreading ideas that work.” –Seth Godin

I think leadership is about two things that are continuously and endlessly evolving: communication and the development of people including you.

Financial leadership is also about the same two processes.

If you’re the leader of a nation, an army or a company, you need people to understand you and you need to understand them. Your constituents must be able to hear your message clearly and your message needs to resonate with them to allow them to follow you and do great things. Being compassionate, listening to the needs of others and making challenging decisions that move people and situations forward, allows people to really become who they need and want to be. This is where the communication transcends the art of effective speaking and listening into thoughts and actions that move people forward, including you, in the development of your mission, culture, and company.

“True leadership lies in guiding others to success in ensuring that everyone is performing at their best, doing the work they are pledged to do and doing it well.” –Bill Owens

Financial leadership means you’re able to clearly articulate the goals and means to achieve these in your company. And, you have an effective means to gather and process the needs of others thereby allowing them to contribute their best performance. Their contribution is a direct reflection of your commitment to developing them. The way you do this is by creating an environment that has their success and development come first. The support you give allows them to develop. You cannot expect the development to happen first and your support follow. People need you to light the way.  

“But all I really want to know…. I want you to show me the way” – Peter Frampton

Logically that makes sense. People need us to show them the way.  If we don’t, they go their own way. We need to see this and get in front of it. However, all too often we get lost in the busyness of what we do and who we need to be as that leader. We follow a downward trajectory as a result of our lack of a working system. The key is to be more than we do. ‘Being’ means creating a consciousness that can see the path and guide the ‘doing’ down the needed path. Stepping back every day to ensure the work is done and the ship is still heading in the desired direction, the being. That’s the key: have the disciplines in place to get the work done and have time to guide the journey. Continuous communication with your stakeholders allows them to develop and this happens because you create the environment. 

If you would like a copy of any of the following send me an email at

  • Hotel Financial Policy Manual – Inventory of “Sections”
  • Hotel Financial Coach “Services Sheet”
  • F&B Productivity Spreadsheet
  • Rooms Productivity Spreadsheet
  • EFTE and Productivity Exercise
  • Financial Leadership Recipe F TAR W
  • Hotel Financial Coach – Speaking Sheet
  • Flow Thru Cheat Sheet

Visit my website today for a copy of my FREE guidebook
The Seven Secrets to Create a Financially Engaged Leadership Team in Your Hotel
www.hotelfinancialcoach.com

Call or write today and arrange for a complimentary discussion on how
you can create higher profits at your hotel.