You will need to write a month end Pnl critique about the numbers you have achieved every month. A previous article was about how to Understand the Pnl Statement. If you are not clear about it, go ahead and read the article. This post is about explaining the Month end Pnl to all stakeholders. If …
As the delivery apps gain traction, people are getting accustomed to ordering at home. The convenience of ordering food from their choice of restaurant combined with the efficiency of multi tasking while eating is a great benefit to the modern consumer. Against this development, restaurants across the country has seen a 15 – 20% drop …
Every business needs a budget to estimate how the year will pan Every business needs a budget to estimate how the year will pan out financially. A budget serves many purposes including making sure the right resources are allocated properly. For the purpose of making a budget, you need to follow the simple process: Calculate …
I am sure you would have heard of the term Return of Investment. You put in money into the business and you want to earn money out of that. Hopefully more than you would get from a Fixed deposit in a bank. You have this expectation for a higher return because of the risk you …
If you purchased the hotel budget template from the site, here is an explanation on how to use the file. While the file is very simple to use, for a person making the budget for the first time, it may be confusing to understand the file completely. So in this post, I will breakdown the …
How to use the hotel budget template to easily make your hotel budget. Read More »
The floods in Kerala in August 2018 came as a dampener to the tourism industry. The entire state and Idduki district in particular was gearing up to welcome tourists to the Neelakurunji blooming – a rare occurrence which happens once in 12 years. The event was actively promoted on all sites by the State tourism …
How to recover from a natural disaster? Lessons from Kerala for hoteliers Read More »