When it comes to calculating your costs you'll probably find that your bills don't all come out on the same day - some may be fortnightly while others may be quarterly. To ensure your profit and loss statement is always accurate you'll first need to work out if those recurring costs are fixed or variable.
In this lesson, you’ll learn what it means to budget for operational expenses and how to do this for your venue.
This course is perfect for any hospitality business owner looking to take control of their finances.
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.