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Tag : hospitality financial leadership

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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...

Hospitality Financial Leadership - Using EFTEs

October 30, 2017

By David Lund If You Can't Measure It, You Can't Improve It. Management thinker Peter Drucker is often quoted as...

Hospitality Financial Leadership - Food Cost and the 80/20 Rule

October 23, 2017

By David Lund We have all heard of the 80/20 rule. But I am willing to bet most of you have not heard it in conjunction with the words "food cost."...

Hospitality Financial Leadership - The Third Pillar

September 25, 2017

By David Lund In the hotel business, there are three pillars: the guests, the colleagues and the money. They are not equal. They are not equal because we...

Hospitality Financial Leadership - Global Hotel Revenue Management

September 11, 2017

By David Lund Global is a big word and now that we have your attention I want to define global in a hotel setting. Global refers to all sources of revenue and...

Hospitality Financial Leadership – Creating Hotel Financial Policies

August 22, 2017

By David Lund Having a policy manual that covers all the important aspects of your business that relate directly to the financial function is a...

Hospitality Financial Leadership – Measuring Labor Productivity Part II

August 9, 2017

By David Lund In food and beverage, you want to get obsessed about a similar measurement like you do in the rooms division. In F&B it is “hours per...

Hospitality Financial Leadership – How to Review a Hotel Budget

July 31, 2017

Budget season is fast approaching and I am writing this article to highlight some areas to look at when you are reviewing a hotel financial budget. Maybe you...

Hospitality Financial Leadership -  Outsourcing Your Accounting and Why this is a Stupid Idea

July 24, 2017

By David Lund Stupid sounds like a harsh word. Webster’s dictionary defines stupid as, “Given to unintelligent decisions or acts,” along...

Hospitality Financial Leadership - Ego is Not Part of the Recipe

July 18, 2017

By David Lund “If you want to be more than a flash in the pan, you must be prepared to focus on the long term. We will learn that though we think big,...

Hospitality Financial Leadership Recipe – Owners, Not Victims Please

February 20, 2017

By David Lund Being a financial leader means you own the result. There is no room for being a victim or victim thinking when it comes to leading the financial...

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