Working with a variety of people and creating methods for a better management of a budget. Seeing how a business can progress and grow over time. Accounting is not only about numbers. Even though calculations/math play a big role, the interesting part is to see the bigger picture of financial analysis. Working at a restaurant, the main part is to forecast future demand in and out of peak periods. Giving adequate suggestion to meet the company expectations. As the general manager, Timothy Erceg has to balance the accounting portion and the part where he has to supervise the work of employees, and see how these two sections combined can achieve the expectations of each day.
2. Based on your accounting/Finance Knowledge/Experience, please share with me I subject/ area that you find most challenging and please explain why.
Finding the target item or items that each employee reacts to for future development and growth. Knowing how to equilibrate cost control of the restaurant’s products and at the same time still being able to provide guest satisfaction. In addition, spending hours daily and extra time at the end of each month to put together the employee drops and due backs against the amounts recorded …show more content…
Being able to manage different personalities that require different needs and demands. Managers may enter with a game plan, set of plans, a focus item or area and it can change in an instant. Expect the unexpected as circumstances constantly changes, which can make it harder to stay profitable. The high level of employee turnover as well as seasonal shifts can make managing cash flow and expenses hard for managers. Adjusting prices according to the economy and at the same time dealing with possible complaints or negative reactions from old and new customers. Being able to create and maintain a well-functioning business that can differentiate from the competition, as it is key for