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Tag : david lund

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Hospitality Financial Leadership - Catch Me If You Can: It’s a Game of Confidence

April 16, 2018

By David Lund Frank Abagnale is arguably the world’s most famous modern-day impostor. Leonardo DiCaprio played his character in the 2002 movie directed...

Hospitality Financial Leadership - Management Incentive Plans

April 9, 2018

By David Lund Recently I have been working with a client who has four hotels and we worked on putting together an incentive plan for his executives. This is a...

Hospitality Financial Leadership - The OTA Distraction – Pushing Rather Than Pulling

April 2, 2018

By David Lund You cannot go a day online in the hotel community without seeing a ton of OTA related discussion. Hoteliers are like scared kittens when it...

Hospitality Financial Leadership - Creating and Using Your Own Labor Productivity Tools

March 26, 2018

By David Lund With major wage increases in many jurisdictions, it is more important than ever to have a system for planning and measuring labor productivity...

Finding & Recruiting Talent in Hospitality: Never More Than Two Degrees of Separation

March 19, 2018

By David Lund Finding good people in our industry is a tough job, especially in certain economies. It is extra tough when you are looking for a particular...

Hospitality Financial Leadership - How to Read Hotel Financial Statements and The Link

March 12, 2018

By David Lund The first thing you need to know about reading a hotel financial statement is there are basically two different statements you will want to get...

Hospitality Financial Leadership - Who Has ALL the Risk and Why?

March 5, 2018

By David Lund In the hotel business, we have lots of stakeholders: brands, managers, executives, and owners. But one has by far the biggest risk. The risk in...

Hospitality Financial Leadership - Create the Monthly Financial Circle!

February 26, 2018

By David Lund It’s A Circle – Create the Monthly Financial Circle! Practice is what we are missing. Practice with the financial piece is somehow...

Hospitality Financial Leadership - Is Your Hotel Culture Blame or Appreciation?

February 19, 2018

By David Lund In my career, I have seen both. Lots of appreciation for hard work and a challenging workplace. On the flip side a horror story of the blame for...

Hospitality Financial Leadership – Creating a Hotel Accounting Policy Manual – The Dos and Don’ts

February 12, 2018

By David Lund After recently completing a policy manual for a client, I want to share what worked for this hotel company and what could work for you. I also...

Hospitality Financial Leadership - Free Property Management Software - More Disruption?

February 5, 2018

By David Lund Our industry is ripe for all kinds of disruption. The two big disruptors today are online travel agents and home sharing services. If we look...

Hospitality Financial Leadership – Every Line Needs an Owner

January 29, 2018

By David Lund My dear mother Donna often recited her favorite sayings, especially when she wanted to make a point. She had some really good sayings, and...

Hospitality Financial Leadership - Recording Average Length of Stay

January 15, 2018

The one thing I see time and time again with clients is just how poorly their financial statements are set up. The statements almost always lack basic...

Hospitality Financial Leadership - Financial Statement Analysis and Your Hotel Career

January 2, 2018

If you google the words “financial statement analysis,” you will get a long list of definitions like this one by Wikipedia: “Financial...

Hospitality Financial Leadership - A White Paper on a 6-Month Client Workshop/Coaching Engagement – Part 3

December 27, 2017

By David Lund The following is an overview of a six-month financial leadership project that I recently completed at a full-service hotel. The project...

Hospitality Financial Leadership - A White Paper on a 6-Month Client Workshop/Coaching Engagement – Part 2

December 19, 2017

The following is an overview of a six-month financial leadership project that I recently completed at a full-service hotel. The project consisted of six...

Hospitality Financial Leadership -  A White Paper on a 6-Month Client Workshop/Coaching Engagement – Part 1

December 12, 2017

By David Lund The following is an overview of a six-month financial leadership project that I recently completed at a full-service hotel. The project...

Hospitality Financial Leadership - Testing vs. Trusting

November 20, 2017

By David Lund “All of life is an experiment, the more experiments the better.” ~ Ralph Waldo Emerson When you really want to do something, the...

Hospitality Financial Leadership - Runnin’ Down a Dream

November 13, 2017

By David Lund Yeah, runnin' down a dream - That never would come to me - Workin' on a mystery, goin' wherever it leads -  Runnin' down a...

Hospitality Financial Leadership - Four Important Things to Know

November 7, 2017

By David Lund By creating and delivering my hospitality financial leadership workshops, I learned four very important lessons. The lessons center around how...

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