I Help Hospitality Businesses Boost Wellbeing, Life-Balance & Growth, Inspiring Industry System Change to Regenerate Visitor Economies so the Future of Hospitality Makes A Difference for People, Place & Planet
Every 1% COGS improvement changes your results
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How are you this week Reader? What's your biggest challenge right now? Earlier this week I had my first coaching session with a new client. A newly appointed and highly capable CEO running a $22m group. We identified $400k of improvement in our first session. $400k that can be dropped to bottom live without an extra revenue dollar We'll work together for 3 months to:
This CEO is all about:
I don't work with leaders who don't care about anything other than profit. But the clients I work with see profit improve as we build a better business. If you're feeling strategically stuck and/or struggling to hit your numbers:
You probably have a million things going through your mind (most of the time) What I do in these chats, is to get clarity (from your mind) about:
If you're flying, you don't need me, unless you also understand what's coming If you're stuck or struggling and you're not getting help, you're risking a lot. I love these chats. They satisfy my desire for an intellectual challenge. And I don't operate any venues anymore so I live vicariously through you! 😎 My monthly Future of Hospitality event is on next week. Love to see you there. Register here. If you've got any ideas, insights or predictions for what's coming around the corner, please share them by replaying to this email. Have a great end-of-August weekend. DC David Carruthers |
David Carruthers
I Help Hospitality Businesses Boost Wellbeing, Life-Balance & Growth, Inspiring Industry System Change to Regenerate Visitor Economies so the Future of Hospitality Makes A Difference for People, Place & Planet
G'day Reader How are you feeling as we step into quarter 4 of 2024? If somebody had said to you in the middle of 2019 that: the entire world will lockdown next year after that, there'll be an economic meltdown then the world be on the edge of World War III you'd have called them crazy, right? Back in 2022 when I launched Future of Hospitality,I warned of the tsunami we were walking into (blindfolded) And, it's not going away (just in case you weren't sure) Regularly ask yourself (and your...
G'day Reader Why did you come into hospitality? How did you 'join' this club? For some, it's an accident. For others, it's a short-term thing that lasts a little longer! For a few, it's a planned career from the start. For me, I did the owner of a local pub a favour and covered a shift. That shift turned into 2-3 shifts a week. Then their marriage hit a difficult moment. They asked me to manage the pub while they went away for a week. I was 17. That was 43 years ago. In 1987 I was lucky to...
G'day Reader Another week goes by with more businesses going bust & people burning out It's a metaphorical 'bombing' of the industry, allowed by our governments, as the big corporations price gouge citizens' reducing their: discretionary spend - the bit that we rely on desire to go out and have fun - in fear of spending demand for services - diminishing as budgets tighten It's no wonder we're facing: record levels of businesses going bust record levels of human burnout It can be: overwhelming...