90% of Managers Read a Hotel Profit and Loss Statement Incorrectly! Are You One?
Reading Hotel Financial Statements and more commonly the Hotel Profit and Loss Statement is one of the critical skills required of managers. Yet, most get it wrong! Why is this?
Are you one of them?
Take action Now!
Profits Masterclass Youtube Channel
Hotel Financial Courses - Non-Technical, Easy to Learn
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Video/Text
It is unfortunate that all hotel financial courses are focused only on earning revenue. It is as if the job is done with generation of revenue.
But your hotel owners would beg to differ!
Hotel Owners are more focused on profit.
Or in other words, the bottom line.
That leaves you with the question to answer: how much of that revenue earned did you take to the bottom line or profit?
It is what your owners are expecting of you.
In this mini video course you will visually learn the powerful phenomenon that drives translation into profit.
2 Lessons - All Levels
Video/Text
Why do 90% of hotel managers read an Income Statement incorrectly?
Hotel Financial Courses often do not lay out the basics.
In this short video lesson, you will learn why this is so and how to fix that.
2 Lessons - All Levels
Premium course
Video/Text
Read an Income Statement in 29 Minutes Easily is a hotel financial course that introduces the student to revenue, expenses and profit sections of a hotel income statement [also known as profit and loss statement].
You can take a FREE TRIAL of some lessons before you decide to buy.
It is targeted at hotel non-financial assistant managers or equivalent (including Rooms, Food and Beverage, Engineering, Sales and Marketing department managers.
Students who are studying for a hotel management degree or diploma with at least 3 months internship and training are also eligible.
This hospitality training course requires the student to have some experience of a hotel operation.
12 Lessons - All Levels
Hotel Financial Performance Begins With Sound Revenue Management Basics!
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Identify Your Performance Indicators
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Analyze Your Hotel Financial Performance
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Our Story
Lakshmi Narasimhan Soundararajan
Right from the time he was in school, Lakshmi had a head for numbers. In fact, he says, numbers talk to him and tell him stories. At the same time, as he fashioned his career in the hospitality industry, he worked closely with colleagues who did not have a financial background. He saw them struggle with numbers and fear them.
Lakshmi made up his mind there and then to commit his career to simplifying hotel financial courses for the benefit of his non-financial background colleagues. He founded Profits Masterclass first and then Financial Skills Academy with the philosophy of assisting managers to Build Financial Skills, Knowledge and Ability in themselves.
His vision is for Financial Skills Academy to be the Ultimate Learning Hub for Hotel Finance Training.
Lakshmi 's all time favorite historical figure is Leonard Da Vinci and in particular Da Vinci's love for simplicity. When founding Financial Skills Academy, Lakshmi based the value proposition for his hotel finance courses on three foundational principles: SIMPLE. NON-TECHNICAL. USABLE.
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Praise and Testimonials
What past students, now General Managers said about our courses
Jan Kaiser
Opening GM InterCon
Have never met a person who could make a Finance course so interesting
Very professional individual with tons of experience.
A man who has experienced it all himself and thus knows exactly what he is talking about and can relate to his students.
Have never met a person who could make a Finance course so interesting . Love his Humor too. Wonderful man.
G Lombardo
GM Shangri-La
Nara's vicarious method greatly contributed to a very effective learning experience.
I had the great opportunity to attend a 2 day "Financial tool kit" workshop presented by Narasimhan (Nara for the friends), and I must say they were 2 days of real enjoyment.
Nara's vicarious method greatly contributed to a very effective learning experience. By applying the "show and tell" principle, apparently complex financial subjects were much easier to assimilate.
The thoughtful usage of visuals and colours throughout the overall presentations, represented a powerful method to facilitate the educational process. In a nutshell,
Milos Cerovic
GM InterCon
Great course for those who are developing to become GMs and GMs with a non-finance background.
I took Nara's finance course in November 2014. After the two day session, I managed to not only refresh my knowledge but further build upon it to a great extent.
Nara is entertaining yet bold and always to the point. His approach to teaching this course is very simple: "remove the non-sense from the curriculum and cover the important stuff".
Great course for those who are developing to become GMs and GMs with a non-finance background. Thank you Nara!
