Total $0.00


By David Lund

"Leadership is the art of giving people a platform for spreading ideas that work." -Seth Godin

I think leadership is about two things that are continuously and endlessly evolving: communication and the development of people including you.

Financial leadership is also about the same two processes.

If you’re the leader of a nation, an army or a company, you need people to understand you and you need to understand them. Your constituents must be able to hear your message clearly and your message needs to resonate with them to allow them to follow you and do great things. Being compassionate, listening to the needs of others and making challenging decisions that move people and situations forward, allows people to really become who they need and want to be. This is where the communication transcends the art of effective speaking and listening into thoughts and actions that move people forward, including you, in the development of your mission, culture and company.

"True leadership lies in guiding others to success in ensuring that everyone is performing at their best, doing the work they are pledged to do and doing it well." -Bill Owens

Financial leadership means you’re able to clearly articulate the goals and means to achieve these in your company. And, you have an effective means to gather and process the needs of others thereby allowing them to contribute their best performance. Their contribution is a direct reflection of your commitment to developing them. The way you do this is by creating an environment that has their success and development come first. The support you give allows them to develop. You cannot expect the development to happen first and your support follow. People need you to light the way.

“But all I really want to know…. I want you to show me the way” – Peter Frampton

Logically that makes sense. People need us to show them the way.  If we don’t, they go their own way. We need to see this and get in front of it. However, all too often we get lost in the busyness of what we do and who we need to be as that leader. We follow a downward trajectory as a result of our lack of a work system. The key is to be more than we do. ‘Being’ means creating a consciousness that can see the path and guide the ‘doing’ down the needed path. Stepping back every day to ensure the work is done and the ship is still heading in the desired direction, the being. That’s the key: have the disciplines in place to get the work done and have time to guide the journey. Continuous communication with your stakeholders allows them to develop and this happens because you create the environment.

About David Lund

David Lund is The Hotel Financial Coach, an international Hospitality Financial Leadership pioneer. He has held positions as a Regional Financial Controller, Corporate Director and Hotel Manager with Fairmont Hotels for over 30 years. 

He authored an award-winning workshop on Hospitality Financial Leadership and has delivered it to hundreds of hotel managers and leaders. David coach’s hospitality executives and delivers his Financial Leadership Workshops throughout the world, helping hotels, owners and brands increase profits and build financially engaged leadership teams. 

He speaks at hospitality company meetings, associations and he has had several financial leadership articles published in hotel trade magazines and he is the author of two books on Hospitality Financial Leadership. David is a Certified Hotel Accounting Executive through HFTP and a Certified Professional Coach with CTI. 

Call today for a complimentary call and discover how you can create a finically engaged leadership team in your hotel or brand.

Contact: David Lund / 949 791 2739

Related News

Hospitality Financial Leadership: Why Teaching Accounting in Hotel School Is a Waste of Time

Hospitality Financial Leadership: Beverage Cost or Contribution Margin?

Hospitality Financial Leadership: Hotel Current Assets – What You Need to Know

Hospitality Financial Leadership: Fixed/Variable Costs and Room Revenue Management

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

Hospitality Financial Leadership - Management Incentive Plans

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

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

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

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

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

Hospitality Financial Leadership - Create the Monthly Financial Circle!

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

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

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

Hospitality Financial Leadership – Every Line Needs an Owner

Hospitality Financial Leadership - Recording Average Length of Stay

Hospitality Financial Leadership - Financial Statement Analysis and Your Hotel Career

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

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

All News »

Please login or register to post a comment.