Not performing a budget or budgetary control is equal to death according to FERRAN ADRIA.
One of the world’s most renowned chefs and a highly successful businessman
The famous chef has coached a Restaurant Management course in Valencia (Spain)
“Not budgeting or budget control is equal to death.”
This is how forceful the first day of the intensive restaurant management course began in Valencia (Spain) by FERRAN ADRIA, founder and president of elBullifoundation
FERRAN ADRIA argues that the new generations are realizing the importance of managing the restaurant business like large companys.
FERRAN ADRIA has assured that it is necessary to “stick the knife in the neck” over the management and the budget because, otherwise, a restaurant will not succeed.
In tough times, data shows that 50% of restaurants are open for no more than five years.
Another 22% last no more than two years, in an industry where only between 10% and 20% work with an Annual Budget Control system.
FERRAN ADRIA identified the main problems facing the industry including the pandemic, the war in Ukraine, inflation of 8.7%, fiscal pressures, and the lack of room and kitchen staff.
Advantages of implementing a Budgetary Control System with Projections in your company:
- Maximize PROFITS
- Improve internal processes to be more competitive
- Anticipate decisions to achieve desired results
- Encourage the entire organization to continuously improvement and not be left behind
- Delegate responsibilities and evaluate the performance to Directors
You may be interested in the following information about BUDGETARY CONTROL:
Budget Control with SIMULATOR and Projections
Management Budget Control Easy Theory Difficult Implementation
Budget Control Excel Year-to-Date & Full-Year Forecast 2kM15
How to solve increases of uncontrollable EXPENSES in a BUDGET
Budgetary control System with Projections example
What are the benefits of a Budgetary Control System
Cash Flow Forecasts implementation
Budget Control Excel Year-to-Date & Full-Year Forecast Download Budget Control Excel M15Download Excel Cash Flow Forecast Report M15 Example of Budgetary Control Reports
J.A.T
This way of keeping a budget control changes everything. We had never tried it because we did not think it would be useful. But with Dani’s methodology we now see the potential and we think it will help us in very many ways.
R.M
The Budgetary Control technique and tool is helping us to better manage expenses and that allows us to make better decisions. A great contribution to our management control.
Contact for more information
ContactMore information about Controlling Excel Tools
- Payments Due Date Control Free Excel Template
- Excel Financial Scorecard or Dashboard. What you need to know
- What is Contract Management Excel Template and download a spreadsheet
- Balanced Scorecard M1 Excel Template
- Hotels Excel Cost Calculation
- Suppliers Prices Comparative Analysis Free Excel Download
- Working Hours Timesheet Free Excel Template
- How the Budget Control service works
- How to know how much money your company will earn at the end of the year
- Free Excel Template KPIs Dashborad
- New Investments Requests Form Free Excel spreadsheet
- Excel Template Balanced Scorecard PRO M2
- How to solve increases of uncontrollable EXPENSES in a BUDGET
- Cash Flow Control Excel Spreadsheet
- What is an Excel Action Plan template and how can it help you?
- Human Resources Excel Templates
- The 3 Key Models to avoid the Economic Crisis in Companies
- Timesheet Control and Report Free Excel Template
- Multiproducts Breakeven Simulator Free Excel Template
- Excel spreadsheet Strategic Plan
- Excel Template Matrix for Decisions
- Profitability and Treasury Problems, when the desired situation is different from the real situation
More Videos about Management Accounting
News sources:
Industrial company financial manager
Dani is helping us to use ODOO more efficiently, we are rapidly leveling up with the ERP. It is also preparing us very useful analysis and control reports and outstanding management tools. Always available by phone or email, willing to help and collaborate in everything that is proposed. Very professional and fast work. A key service for our company.
Controlling Consultant
Controller ODOO ERP
Email: dani@cashtrainers.com