Managing your business finances is a critical part of the job to maintain success and glory. Poor leadership and lack of communication can cost a lot of money that is why it is very important to understand how to conquer your finical strategies. Through the tutorial, you will get a chance to focus on hospitality and understating how to manage cash flow. You will have the chance to understand where the extra expenses come from and how to control them to transform them into positive income. It is essential to understand the issue in your organization that is causing the finical instability.
Having the basic skills to lead your organization and understand the flow profit through using the flow-through strategy for each department will improve productivity. Through this tutorial, you will get the chance to know more about business analysis and analyzing your money stage, which will assist you to evaluate your business financial status. Whether you want to grow your career or stop finical hemorrhaging or work in the operation, understanding how money comes in and where it goes out of your hotel is required for growth and better results.
After completion of the tutorial participants will be able to:
Module One: Financial Leadership Mentoring
3 min to complete this module
This videos will give you a brief intro to financial leadership skills to manage the finances of your hotel. Plus, you will get a quick start on the concept of flow through.