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The Simple Guide to Understanding Hospo Financials
Rich McLeod
12 Site Group Co-Owner
I’m definitely not an accountant. But after owning and operating a group of 12 venues for many years I have a very good handle on the key financials a hospitality business lives by. And what I know for sure - having trained hundreds of managers over the years - is that your financials shouldn’t operate in isolation. If you and your team can understand the full story your financials are telling you, and the (basic, I promise) maths that’s used to calculate them, then you’ll lay the kind of foundation you need to create a sustainable business. One where you’re in control of the finances.
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