Numbers that work is a practical 2.5-hour workshop for hospitality and tourism business owners who want to understand the numbers behind their business. Using a worked example throughout, you’ll explore four key financial measures, learn how to check your cash position weekly, and spend time applying everything to your own figures. No jargon, no prior knowledge needed.
What will I Learn?
- How to calculate your food and drink gross profit percentages, and what they mean for your margins
- How to calculate your staff costs as a percentage of turnover, and what the benchmarks are for your sector
- How to calculate your break-even point so you know exactly what revenue you need before you make any profit
- How to check your weekly cash position and calculate a “safe balance” figure to protect your business from seasonal cash gaps
- How to apply all of this to your own business and leave with one clear action to take.
Who should attend?
Hospitality and tourism business owners, including restaurant, pub, cafe, hotel, B&B, and visitor attraction owners who want a clearer picture of their finances.
Event Accessibility
The Growth Hub is committed to providing universal access to all of our events. Please contact The Growth Hub Forest of Dean on forestofdean@thegrowthhub.biz or call 01594 546661 to request disability accommodations. Advance notice is necessary to arrange for some accessibility needs so we request you contact us at least five working days before the event whenever possible.
How to Book
If you’re having difficulty signing up, it’s likely that the details you are trying to register with were initially entered prior to the launch of our new website in April 2024. You will therefore need to re-register for a new account, before booking a place to attend an event. If you are still having problems, please get in touch with a member of the Growth Hub team who will be happy to help: talktous@thegrowthhub.biz
