Financial Management Workshop
The Financial Management Workshop is a NACUFS workshop for anyone looking to advance their skills in financial management of collegiate dining operations. It resides within the  NACUFS Collegiate Dining Body of Knowledge Business Administration Knowledge Domain.

This two-day workshop will provide you the opportunity to take your financial management skills to the next level, following the completion of NACUFS Financial Management for Foodservice course.

 

Attendees who complete the workshop will achieve the following outcomes: 

 

  • Take your financial acumen to the next level
  • Grow your skills in-person, capitalizing on opportunities for networking and in-depth sharing
  • Learn how to share your operation’s financial status with your team and with university administration
  • Design dining plans to optimize revenue
  • Identify opportunities to increase revenue and reduce expenses
  • Plan financially for things like equipment replacement and renovations
  • Use the InSights Operating Ratios Study by NACUFS to improve your own operation
  • Write a cost/benefit analysis using information from the InSights Operating Ratios Study by NACUFS
  • Create a plan to train your staff to use financial data in their own decision making 
  • Grow your skills in understanding and creating reports and dashboards

 

 

"Strong financial management skills are vital to the successful management of foodservice operations.  NACUFS is bringing together leaders in the industry to learn and share ideas on financial management best practices in the Financial Management Workshop. This collaborative gathering will provide the opportunity to learn financial strategies to better serve students and our universities and colleges.”

 

Rich Neumann, M.S., FMP

Facilitator

Rich Neumann, M.S., FMP Director of Culinary Services, Ohio University (Retired), Part-time Hospitality/Culinary Arts Instructor, Mid-State Technical College, and Freelance Consultant. Rich is semi-retired and has worked in the College and University Foodservice industry for 42 years and has 34 years of experience as an adjunct Hospitality Instructor.  He is the author of the online course: Financial Management for Foodservice.