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Hospitality Financial Leadership – Should I Develop a Detailed Budget and Monthly Forecast?
The simple and only answer is yes, you should. Without these tools you are flying in the dark and sooner rather than later you are going to run into a mountain. In my opinion if you are running your hotel business without this and you think that is okay then you are simply irresponsible. If you are thinking it…
Hospitality Financial Leadership – Balance Sheet: Financially, Nothing Else Matters
Over the years I have seen a lot of messes in my career. Not only the ones that catch your eye because of the clutter and disorganization you see in the back spaces of your hotel but I’m talking about a mess on the balance sheet.
There are two main differences between…
Hospitality Financial Leadership – Shift Your Thinking
We all have predisposed ways that we look at our world and the things, people and circumstances inside of it. It’s what makes us human and we either have an open mind or one that’s closed. Another way to express this is we either have a fixed mindset or a growth mindset.
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Hospitality Financial Leadership – Food Cost Net Weight – By Guest Author, Patrick McClary – Executive Chef, Caesars Windsor
By Guest Author, Patrick McClary – Executive Chef, Caesars Windsor
If you have an idea for a story/blog drop me a note and let me know what you want to write about and maybe we can publish it.
When people hear the term food cost, they generally think…
Hospitality Financial Leadership – A Note to My Readers
I thought about pausing for a while, but I have decided to serve you instead.
I want to send a note to you, my loyal readers to let you know I am thinking of you at this challenging time.
I am sending you a wish for good luck and I hope your family and your hotel community are OK. I…
Hospitality Financial Leadership – Beverage Controls – Top 10
Controlling the beverage cost is a big deal in hotels. People like to drink and that’s great for the bar, but you have to remember the people serving your drinks need a tight set of checks and balances or else they will help themselves to your supplies. It’s just human nature…