overcoming difficulties
Hospitality Financial Leadership – Explaining Accounting
No one can explain accounting.
I have some pretty crazy situations presented to me by potential clients. I say crazy and I what that means is that it is almost unbelievable that anyone would find themselves in such a mess with their business and their books. I also say potential client. Almost…
Guest Post by: Alicia Rother, 5 Strategies for Navigating Financial Challenges in the Hospitality Industry
The hospitality industry has long been a cornerstone of the global economy, providing millions of jobs and contributing significantly to local economies.
However, recent times have put this industry to the test like never before. The COVID-19 pandemic, economic downturns, and shifting consumer preferences have created significant financial hurdles for businesses in the hospitality sector.
According to the World Travel…
Hospitality Financial Leadership – Why GMs Have Such a Hard Time Managing Their Financial Leader
This is not the case for all GMs, but it is definitely the case for many. The reason is simple: the GM has not been given any formal accounting training and they are intimidated by the numbers and their lack of knowledge.
Hospitality Financial Leadership – The Owner Victim Distinction
The Owner Victim Distinction
Coming Soon in 2022 – The Prosperous Hotelier
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Hospitality Financial Leadership – The First Fifty
As I write this piece, I am proud to say I am 58 years young. So far, my life has been great. Many challenges to overcome like anyone and many bumps in the road for sure.
Hospitality Financial Leadership – Why Managing the Budget in Your Hotel is Like Playing Baseball
That’s a big statement because if you are involved in the budget in your hotel and you have played baseball then you are probably saying to yourself that I am off my rocker.
The budget is a mean and unruly nasty guest that comes every year and sometimes does not leave completed for weeks, even months.