Understand & Calculate Break-even Point for Hospitality

Understand & Calculate Break-even Point for Hospitality, available at $19.99, has an average rating of 4, with 13 lectures, based on 4 reviews, and has 637 subscribers.

You will learn about fundamentals of breakeven points how to calculate breakeven points what are assumptions how to segregate fixed and variable costs understanding impact of break even points sensitivity analysis of breakeven points This course is ideal for individuals who are managers or small business owners or executive management staff who need to make strategic decisions or finance executives It is particularly useful for managers or small business owners or executive management staff who need to make strategic decisions or finance executives.

Enroll now: Understand & Calculate Break-even Point for Hospitality

Summary

Title: Understand & Calculate Break-even Point for Hospitality

Price: $19.99

Average Rating: 4

Number of Lectures: 13

Number of Published Lectures: 13

Number of Curriculum Items: 13

Number of Published Curriculum Objects: 13

Original Price: $34.99

Quality Status: approved

Status: Live

What You Will Learn

fundamentals of breakeven points
how to calculate breakeven points
what are assumptions
how to segregate fixed and variable costs
understanding impact of break even points
sensitivity analysis of breakeven points

Who Should Attend

managers
small business owners
executive management staff who need to make strategic decisions
finance executives

Target Audiences

managers
small business owners
executive management staff who need to make strategic decisions
finance executives

Are you ready to take control of your business’s financial future? Imagine knowing the exact point where your business becomes profitable, allowing you to make smarter decisions with confidence. That’s the power of understanding the Break-Even Point (BEP), and in this course, you’ll learn how to master it.

What You’ll Learn:

Grasp the BEP Formula:
- Understand the basics—how to calculate the break-even point by dividing total fixed costs by the difference between unit revenue and variable costs per unit.
Tackle Real-World Challenges:
- Discover why this seemingly simple formula can be tricky to apply in real situations and learn how to avoid costly mistakes.
Explore Essential Assumptions:
- Dive deep into the critical factors like fixed and variable costs, pricing strategies, and sales forecasts that impact your break-even point.
Conduct Sensitivity Analysis:
- Learn how to test different scenarios and see how changes in assumptions can shift your break-even point.
Plan for Various Scenarios:
- Understand how different business models and external factors influence your financial outcomes and prepare for any situation.
Real-World Application:
- Build a detailed model based on the hospitality industry, specifically hotels, to see how BEP principles can be applied across different industries.

Why Choose This Course?

Simplified Concepts:
- We break down complex financial concepts into easy, digestible lessons.
Hands-On Learning:
- Apply what you learn through practical examples, ensuring you can use these skills in your own business.
Expert Advice:
- Learn from professionals who have successfully navigated the challenges of break-even analysis across various industries.

Who Is This Course For?

Perfect for business owners, managers, and anyone wanting to sharpen their financial decision-making skills.

By the end of this course, you’ll have the confidence to calculate and interpret your business’s break-even point, setting you on a clear path to profitability.

Enroll now and start making the financial decisions that will drive your business to success!

Course Curriculum

Chapter 1: Basics

Lecture 1: What is Breakeven Point

Lecture 2: Practical Example to Understand Formula and Calculation

Lecture 3: Putting Calculations in Excel and Scenario Planning

Chapter 2: Advanced Version of Breakeven Points

Lecture 1: What are assumptions of Breakeven and how they can go wrong

Lecture 2: Sensitivity Analysis of Breakeven Point assumptions

Chapter 3: Practical Exercise to create a breakeven point for Hotels

Lecture 1: Gather Data for Hotel P&L

Lecture 2: Establish Relation ship in P&L Items to understand Business better

Lecture 3: Starting Model with revenue segregation and setup

Lecture 4: Modelling Cost of Sale and Payroll Expenses for Rooms, F&B and others

Lecture 5: Modelling Other department expenses, Common shared expenses and other items

Lecture 6: Other Hotel expenses, depreciation and Tax

Lecture 7: Playing around to calculate Breakeven points with different combinations

Chapter 4: BONUS SECTION

Lecture 1: Bonus Lecture

Instructors

Hotel Management School Your learning Partner
Professional Hotel Management courses for career development
Manish Gupta
Hospitality Finance Expert and Business Strategist
TA eHMS
Business Development at eHMS

Rating Distribution

1 stars: 0 votes
2 stars: 0 votes
3 stars: 1 votes
4 stars: 2 votes
5 stars: 1 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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