EPISODE · Nov 9, 2020 · 45 MIN
BBP 101 : Fearless About Finance – How to Learn to Love Your P&L featuring Hamish Ferguson
from The Beauty Business Podcast · host Adam Chatterley
It’s a very special week here on The Beauty Business Podcast because it’s National Spa Week again here in the UK and we’ve gone a little wild – to support National Spa Week this year, I’m bringing you a whole week of amazing episodes for you to enjoy and learn. A new episode every single […]
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What this episode covers
It’s a very special week here on The Beauty Business Podcast because it’s National Spa Week again here in the UK and we’ve gone a little wild – to support National Spa Week this year, I’m bringing you a whole week of amazing episodes for you to enjoy and learn. A new episode every single day. All week the UK Spa Association, who run National Spa Week, are bringing you curated daily information to help you in your business right now. Whether you are starting out, new in your role or looking for some new ideas, insights or refreshers . . . there is something for you. In this, our first episode of the week, we will be facing one of the most daunting aspects of many manager and business owner . . . your financials. However, our special guest today believes that we shouldn’t fear them like he used to, but embrace all things finance and in particular your P&L. Joining me on the show today is the Resort General Manager for the Carden Park Estate in Cheshire here in the UK, Hamish Ferguson. His vast experience in the world of hospitality involving finance will show you exactly how to best understand and use your P&L to your advantage. So let’s kick off a whole week of NSW episode specials by hitting that button to listen now. National Spa Week Day 1 is Sponsored by: Ellisons Episode Highlights and Takeaways: A History of Hamish (6:48) Experience vs Financials (16:24) What is a P&L? (22:25) Main Sections of a P&L (24:30) The Contribution Line (29:54) The Importance of Understanding P&L (40:05) Connect with Hamish Furguson: Carden Park Estate Sharing is Caring! “I don’t find the P&L worrying. I used to find it terrifying, but now I know it’s a great tool to look at and say “Okay . . . that’s where we are, now how do we make it better.” – Hamish Ferguson Help a colleague or someone you know who’d be interested in sharing this quote or episode.
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BBP 101 : Fearless About Finance – How to Learn to Love Your P&L featuring Hamish Ferguson
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