This lesson includes
- Closed captions & dubbing
- Downloadable resources
- Mobile app (iOS & Android)
Managing costs
So you want to improve profitability! Your first thought might be to try bringing in more revenue, but did you know that cutting costs is one of the simplest...
Backed by industry leaders
Helping the best teams succeed, from new startups to big companies.
This lesson includes
- Closed captions & dubbing
- Downloadable resources
- Mobile app (iOS & Android)
Lesson details
So you want to improve profitability! Your first thought might be to try bringing in more revenue, but did you know that cutting costs is one of the simplest ways to improve your bottom line? In this lesson, you’ll discover two key pillars of increasing profitability: cost of sales, and controllable costs.
What you'll learn in the Managing costs lesson
- Examples of the cost of sales and controllable costs
- How to employ questions to explore your P&L story
- Methods to manage your cost of sales
- How to track your controllable costs
Instructor
Al Amin, a Certified Chartered Accountant (CA) and seasoned finance professional, brings over 14 years of rich experience in the hospitality industry to his role as Director of Finance at W Sydney. His career spans operational and financial roles...
View full profileWhy learn on Typsy?
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.
