This course includes
- Quizzes & knowledge checks
- Downloadable resources
- Closed captions & dubbing
- Mobile app (iOS & Android)
- Hands-on activity
Profit and loss essentials
In this online lesson, led by hospitality business finance expert Nicolas Simon, you'll learn how to create and maintain a profit and loss statement for your venue.
This course includes
- Quizzes & knowledge checks
- Downloadable resources
- Closed captions & dubbing
- Mobile app (iOS & Android)
- Hands-on activity
Supported by trusted hospitality organizations
This course is supported by leading hospitality organizations, reflecting recognized industry best practice.
Skills you will gain
Course details
Money can make or break your business, which is why understanding your profits and losses should be a key priority when it comes to running a successful hospitality business. With money flowing in and out from all angles, staying on top of it all can be a struggle.
In this online course, co-founder and CEO of Wilcuma, Nicolas Simon, will help you understand how to create and maintain a profit and loss statement that will help you keep on top of your venue's finances.
What you'll learn in the Profit and loss essentials course
- Revenue categories for profit and loss
- Analyzing revenue for profit and loss
- Food cost for profit and loss
- Beverage cost for profit and loss
- Payroll categories for profit and loss
- Payroll tools for profit and loss
- Operational expense categories for profit and loss
- Operational expense budgets for profit and loss
- Owning your venue's profit and loss
Who the Profit and loss essentials course is for
This online course is perfect for any hospitality business owner looking to take control of their finances.
Course content
12 lessons · 59m 35s total · 1 hands-on activity
Course instructor
Nicolas Simon is the co-founder and CEO of Wilcuma, a full-service hospitality company offering services including consulting, management, real estate and more to help those opening a business succeed. Nicolas' love for the hospitality industry grew...
View full profileInstitute of Hospitality
This course is globally recognized by the Institute of Hospitality and is worth one (1) CPD point.
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Practical training designed for real hospitality moments.
Learn from industry professionals who understand real service.
Short, flexible lessons that work around shifts, not against them.
Give individuals clarity and teams a shared standard to follow.
