But not so fast, now I know the truth and it is this: The money never looks after itself. You, me and everyone else must have a plan and a system to “look after the money.”
That’s what this piece is all about. What is the plan to look after the money in the hotel and better still – What exactly is the system we need to use and follow to make it work? My pledge to you right here and now is as follows: It’s not a complicated plan. Anyone who is organized and focused can execute the plan. The system requires no additional apps or software, just a commitment to continuously practice and never give up. If you think you can manage those two hurdles then read on:
The system is designed to continually produce the same product, month after month. We steadfastly and continuously repeat the same moves every month. The month is our friend because every month it is the same process. Yes, dissimilar business volumes and even new and different department managers pass through, all the while we repeat the same processes.
Having a plan to communicate to your team and a system for them to follow is magic. Shake, bake and repeat every month with your team. Never losing sight of the fact that the numbers are just like guest service and colleague engagement. They are never going to be perfect and they are not going away, and most importantly – they never look after themselves. That’s your job!
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For more information about David Lund, visit hotelfinancialcoach.com
28 Kineo St
Portland, ME 04103
David Lund is The Hotel Financial Coach, an international hospitality financial leadership expert. He has held positions as a Regional Financial Controller, Corporate Director and Hotel Manager with an international brand for over 30 years. He authored an award-winning workshop on hospitality financial leadership and has delivered it to hundreds of hotel managers. David coachs hospitality executives and delivers his Financial Leadership Training throughout the world, helping hotels increase profits and build financially engaged management teams. He speaks at hospitality company meetings, associations and he has had several articles published in hotel trade magazines and he is the author of three books on Financial Leadership. David is a Certified Hotel Accounting Executive through HFTP and a Certified Professional Coach.
The Hotel Financial Coach
Phone: +1 415 696 9593