Spa Finance Course

$310.00

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COURSE: Spa Finance (duration 2-3 weeks)

MODALITY: Online Course / Home study (self-paced learning, apply whenever you want!)

Welcome to the very important world of finance. You can be a great leader in many ways, but you need to know your numbers to achieve complete success.  Anna Bjurstam will guide you through this course and her goal is to make you comfortable with finance in an easy and understandable way.

Learn all the finance basics for a Spa. Look at different budget types and the purpose of budgeting, go through the budget process and learn how to prepare a budget, a P&L statement, look at important finance definitions, check your spa’s important KPIs (Capture ratio, Spa guest/Hotel guest ratio, Spa revenue per occupied room, Treatment room occupancy, Mystery Shopper, Guest statistics, Therapist occupancy, Retail sales – various KPIs), scheduling KPIs, retail and sales, treatment statistics , revenue management and monthly report examples. You will finish the course with a sound financial management knowledge for spa operations.

Face your fear and doubts, and a new world will open to you” – Robert Kiyosaki

LEARNING METHOD

Course material:

  • 4 video lectures
  • Manual
  • P&L example
  • P&L template
  • P&L exercise
  • Quiz to test yourself

Prodecure:

  • Watch the videos
  • Read & study the written manual
  • Work on your P&L statement assignment
  • Test yourself with the quiz
  • Check your answers

SUPPORT

We are always here to serve and support you and we will be available during the whole course period. Please let us know when you need help or if you get behind schedule and we will get back to you within 48 hours.

 

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Manual Chapters:

1. Spa Finance fundamentals

2. KPI used in spas and financial reporting

3. Scheduling

4. Spa Revenue management fundamentals

5. Profit & lost statement and monthly report schedule

After watching the four video lectures and reading through the material it is time to start working on your Profit and Loss statement. Look through the budget example provided and then work on the template given to you.

At the end you can take the quiz to evaluate yourself.

 

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