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Course details

Money can make or break your business, which is why understanding your profits and losses should be a key priority when it comes to running a successful hospitality business. With money flowing in and out from all angles, staying on top of it all can be a struggle.

In this course, co-founder and CEO of Wilcuma, Nicolas Simon, will help you understand how to create and maintain a profit and loss statement that will help you keep on top of your venue's finances.

WHAT YOU WILL LEARN

  • Welcome - Profit and loss essentials
  • Introduction to profit and loss
  • Revenue categories for profit and loss
  • Analyzing revenue for profit and loss
  • Food cost for profit and loss
  • Beverage cost for profit and loss
  • Payroll categories for profit and loss
  • Payroll tools for profit and loss
  • Operational expense categories for profit and loss
  • Operational expense budgets for profit and loss
  • Owning your venue's profit and loss
  • Conclusion - Profit and loss essentials

This course is perfect for any hospitality business owner looking to take control of their finances.

Meet your instructor

Nicolas Simon

Nicolas Simon is the co-founder and CEO of Wilcuma, a full-service hospitality company offering services to help anyone looking at opening a business succeed from day one.

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All Typsy courses are endorsed by the Institute of Hospitality

Typsy courses have been endorsed by the Institute of Hospitality which demonstrates the courses:

  • Adhere to good practice standards in training and training delivery
  • Are relevant to the needs of the industry
  • Meet a wide range of essential criteria relating to quality standards and quality learning outcomes

All Typsy courses are endorsed by the Institute of Hospitality

What our members are saying

"I especially love how crisp and easy to follow these courses are."

"Been loving Typsy so far! It was honestly like love at first sight, with the plethora of informative courses at my fingertips in such high quality and certified instructors. I especially love how crisp and easy to follow these courses are, whether you're a novice or an expert... Highly recommend Typsy to everyone who's a part of the hospitality industry."

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"It assisted in sharpening and updating my current skills."

"I have been using the Typsy online training platform since April 2020 and have found it to be very informative, simple, and it provides hands-on, practical skills that I have been able to immediately implement at my accommodation facility. It also assisted in sharpening and updating my current skills to enhance my guests' experiences in the future."

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FAQ

Each course consists of a number of 3-5 minute lessons and a quiz. When you successfully pass the quiz you will earn a digital course certificate.

Yes! Every Typsy course includes a digital certificate that you can download or share online. To earn a certificate you must successfully pass the course quiz.

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