The power of 1% 21st December 2015

How a 1% can make you $1,000's more.

free trivia questions and answers

Whether you like it or not, You are in the business of percentages. Play them right and you can completely turn around your venue. Let's take a look using a mid sized suburban hotel turning over $30,000 per

week as an example. Say he makes the following changes by 1% and see the end result.

  • Increases Turnover by 1% - $300 per week

  • Decreases COGS by 1% - $105 per week (Assuming 35% COGS)

  • Decreases Wages by 1% - $84 per week (Assuming wage cost of 28%)

  • Increase Prices by 1% - $303 per week (After increased turnover)

  • Decrease entertainment expenses by 1% -