How can you learn about budgeting and calculating profit and loss in a hospitality environment? Our expert advises...
The issue
I've been working in catering for six years. I did a BTS (brevet de technicien supérieur) degree in hospitality management in France and am now assistant F&B manager in a private club in London.
My responsibilities are very straightforward: planning the staff rota, ordering food and wine, dealing with guests' complaints and organising the team. This job is a very hands-on position, but it has become quite boring.
I'd like to improve my career and learn about the financial side of hospitality, such as budgeting and calculating profit and loss. Where do I start? Do I need to study again or work as a trainee somewhere?
Expert answer
David Goldfarb, director at Mayday Executive, replies:
Have an initial chat with your employer about developing these skills in your current environment. Your employer may be prepared to supplement on-the-job training with an external basic accounting course.
Take action
- If training isn't available, find out about a basic accounts course at a local college.
- Alternatively, you could try to find an employer who is prepared to train you and give you time to study.