So you want to improve profitability! Your first thought might be to try bringing in more revenue, but did you know that cutting costs is one of the simplest ways to improve your bottom line? In this lesson, you’ll discover two key pillars of increasing profitability: cost of sales, and controllable costs.
WHAT YOU WILL LEARN
- Examples of the cost of sales and controllable costs
- How to employ questions to explore your P&L story
- Methods to manage your cost of sales
- How to track your controllable costs
This course is aimed at non-finance managers looking to develop their professional and personal skills in the field of hospitality finance.
Al Amin is the Director of Finance for Marriott International.