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Date
14 January 2021
Location
Online webinar

How do I find the breakeven point for my hospitality business?

14 Jan 2021

New for 2021!

We are delighted to expand our Hospitality Finance Explained webinar series with Debra Adams. Over the coming weeks we will be discussing a range of finance related topics to help all those reopening their hospitality businesses whilst keeping a watchful eye on the numbers.

This series is aimed at all those seeking to learn more about hospitality finance to build blocks of profitable revenue on the journey back to profitability. Each session commences at 14.00hrs BST and last for 90 minutes which includes time for questions and a quick quiz to complete the session.

How do I find out what level of customers or revenue will be profit making? With social distancing rules in place we need to revisit our new effective capacity and consider what level of business will be profit making. In this session we will look at how to manage fixed costs, variable costs and how to find the breakeven point for your business.

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More Information

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Key Dates

14th January 2021 14.00 - 15.30pm

Entry Requirements

For all those in hospitality businesses planning for revised levels of business and increasing operational costs.

Organisations Involved

The webinar will be hosted by Debra Adams, owner at arena4finance.

Debra Adams is the founder of the business, a leading practitioner in developing courses for improving financial know how and commercial acumen in the service sectors. She is the author of the highly acclaimed textbook 'Strategic Management Accounting for the Hospitality, Tourism and Leisure Industries' now available here in 2nd edition. The third edition is to be published by Goodfellow Publishing in 2020.

Session Details

In this 90 minute webinar delegates will learn more about:

  • Identifying fixed and variable costs
  • Calculating the contribution from each product or service sold
  • Calculating the breakeven point
  • Monitoring sales mix and the impact on breakeven
  • Event Booking

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