This session is part of our series of free webinars 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 2.00pm and last for 60 minutes which includes time for questions and a quick quiz to complete the session.
Following almost two years of unprecedented disruption due to the pandemic, the process of budgeting and forecasting has changed forever. We can no longer rely on prior year figures and continuation of the same market demand and economic conditions. The new normal requires agility and speed to react to the pace of change and our systems for planning and forecasting need to adapt to this. Our budgeting needs to take account of the changing market demands and every cost line in the P&L needs to be justified including both variable and fixed costs. This approach to justifying every revenue and expense is called Zero Based Budgeting and requires us to reconsider every line in the P & L to justify the values and ensure every cost earns its place. Join us for this session to find out more.Book Event