Hospitality Financial Leadership: Balance Sheet: Financially, Nothing Else Matters

David Lund | April 13, 2020

By David Lund Over the years I have seen a lot of messes in my career. Not only the ones that catch your eye because of the clutter and disorganization you see in the back spaces of your hotel but I’m talking about a mess on the balance sheet. There are two main differences between the two different kinds of messes. The balance sheet mess is not easily spotted by just anyone. Contrary to the messy housekeeping office or banquet storeroom the balance sheet disaster takes a trained eye to detect. The physical disorganization is a costly problem in equipment costs and expenses related to operating outlays for amenities and suppli...