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December 16, 2013

→What management controls will I need to put in situe?

The business model

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Staff: Time keeping, Training, Holidays, employment tax etc.
Stock Control: Stock wastage, ordering, minimum levels
Income & Expenditure: Instant/ Daily/Weekly/Quarterly/annual reports on all forms of revenue streams.
Sink Funds: What are they and how do I manage unforeseen costs and wear and tear.
Book keeping: Records for the accountant to submit VAT, National Employment and end of year accounts to the tax authorities.
Till: To check accuracy of what is shown against stock and room bookings, along with all forms of income streams.
Cash flow projections: Without having a plan of what you expect to achieve how do you check your progress and look to specific areas in which you are failing or doing well.

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