Profit Planning

This book offers practical guidance for hospitality managers on profit planning, emphasizing real-world applications and financial responsibilities in the industry.

Designed for hotel, restaurant, and licensed house managers, Profit Planning delves into the essential area of finance that general managers must master: profit planning. This book emphasizes practical, day-to-day strategies, ensuring that readers can grasp the concepts with minimal reliance on complex theories or technical jargon. By focusing on real-world applications, it equips managers with the tools they need to enhance profitability in their establishments.

The latest edition of Profit Planning is particularly relevant for those in the hospitality sector, where financial acumen is crucial. It highlights the importance of profit planning as a key financial area for general managers. The book's practical approach allows readers to easily translate the concepts into their daily operations, making it a valuable resource for anyone involved in managing hospitality businesses.

As unit managers increasingly take on significant financial responsibilities early in their careers, Profit Planning addresses the growing sophistication expected in financial management skills. The rise of branded and market-oriented pubs and restaurants necessitates a focus on achieving swift returns on investments. This edition reflects these industry trends, providing extensive examples and illustrations that resonate across various segments of the hospitality industry.