Tips to Increase Profits – Spend a Week Asking Why?

July 10, 2012 by  | Leave a Comment Filed under: Management 

My favourite question is “Why?” It gets right to the heart of things – even those things that you take for granted. Kids ask it all the time – much to the irritation of their frazzled parents, who suddenly question the basics in life again! Sadly though, it’s a (read on...)



Tips to Increase Profits – Identify the Time Takers

June 21, 2012 by  | Leave a Comment Filed under: Management 

This is a great exercise to do with your team. Get them to list all the things that zap their time – things that take longer than they expect on a regular basis, things that they get frustrated about because the time taken to do it doesn’t seem worth it for the outcome, or routine (read on...)

Tips to Increase Profits – Evaluate How You Use Your Time

June 21, 2012 by  | Leave a Comment Filed under: Management 

Time management is a big online subject. If you search Google for “improve your time management skills” you get 42 million results! And yet, strangely, very few business owners are actually prepared to admit that they are not good at this – much less that improving it could (read on...)

Cash Flow – How to Stop the Bleeding!

June 21, 2012 by  | Leave a Comment Filed under: Management 

4 Areas and Questions to Improve Cash Flow Cash Flow is the life blood of any and every business. Cash is king and your business needs it to stay alive. Below are 4 areas and questions to help you improve the cash flow of your business. Spending Do you have a system that helps you identify what (read on...)

Tips to Increase Profits – Get Help

May 16, 2012 by  | Leave a Comment Filed under: Management 

Ask yourself if you are completely happy with where your business is right now. If the answer is yes, then you can probably carry on going it alone. But if you want to make a step change in what you are doing or the business results you get, maybe it’s time to stop trying to do everything (read on...)

Hotel Management – Ancillary Revenue Streams – The Hidden Gem

May 16, 2012 by  | Leave a Comment Filed under: Management 

It is generally accepted that Revenue Management can only do that much to maximise the available inventory. As long as hotels will continue to live inside the simple concept of providing a room and a restaurant important revenue is left on the table, up for grabs. Hotels should aim to create (read on...)

Tips to Increase Profits – Have a Plan

May 16, 2012 by  | Leave a Comment Filed under: Management 

The idea of having a plan puts many people off. They have visions of huge ring-binders full of spreadsheets and tables and lots of theoretical research – or days stuck in an office trying to guess what is going to happen in 5 years time. Many small business owners did a plan when they (read on...)

Hotel Management – Is High Staff Turnover a Silent Killer?

May 16, 2012 by  | Leave a Comment Filed under: Management 

In an industry where staff costs are naturally high, workforce turnover can become a real killer in both profitability and reputation terms. I believe that by far the biggest reason is that Senior Management teams fail to quantify the costs involved. Research conducted by prestigious (read on...)

A Trap That Causes Many Businesses To Go Broke, While They’re Making a Profit

May 16, 2012 by  | Leave a Comment Filed under: Management 

There’s a saying in business, “You can go broke making a profit.” And another, “Cash is king. Profit is theory.” As you know only too well, you don’t pay rent, meet payroll or pay your bills with profit. You pay them with cash. A business can make a lot of (read on...)

Design, Quality, FTEs – Which Comes First?

May 16, 2012 by  | Leave a Comment Filed under: Management 

An operator’s dilemma is to balance serving the best possible products with making a profit. Too many times, operators are asked to develop food outlets, whose sole purpose is to maximize customer satisfaction despite being funded by inadequate budgets. The challenge and questions in (read on...)

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