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Hospitality Financial Leadership – A Titanic Obsession

As I write this, the submarine with five souls on board is missing and time is running out. They have barely a few hours of oxygen left. There has been no communication with the ship since the first two hours after it was launched on Sunday June 18th, 2023. This piece is about that faithful ship and my obsession with…

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Hospitality Financial Leadership – Live-in Arrangements – Part 1

The hotel business is perhaps the second oldest business in the world. I read that somewhere long ago, and it stuck. The kind of live-in arrangements described in this article are not about that but, rather, what our industry provided in the past to its senior leaders and managers. Some of what you’re about to read I experienced first hand…

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Hospitality Financial Leadership – The Cat Killer

Warning – this blog post talks about cruelty to cats. I in no way support this practice and I am not promoting the activity in any way. The purpose of this article is to tell a story around the financial controls for hotel paid outs. Even with the disclaimer I am pretty sure I’ll get some flack, but…

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Hospitality Financial Leadership – What Does It Mean to Have Your Balance Sheet Reconciled?

I discuss this question with hoteliers way too often. It’s not their fault, but the reality is they don’t understand what this statement means and, in this piece, I’m going to lay it out for you. I will say that the lack of understanding and basic ignorance of this is a costly and completely avoidable expense if you just do…

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Hospitality Financial Leadership – Creating a Hotel Accounting Policy Manual and Internal Control Reviews

Hospitality Financial Leadership
Creating a Hotel Accounting Policy Manual and Internal Control Reviews

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