The food and beverage business establishments as other business organizations operate
by targeting profit maximization. The purpose of this module is enabe students to know
how to collect business revenues which are used in daily business operations to maintain
its life span.The profit targeted is a part of collected revenues by which all business
expenses are deducted to retain the net profit. It is for those reasons, students have to
learn how to manage revenues and expenses from different sources in business
organizations they work in or own business entities not only in food and beverage
sections, but also a whole hotel as it is one business to be managed through their own
commitment.
This Module will cover the following learning units:
1. DETERMINE SOURCES OF REVENUES IN F&B OUTLETS
2. MANAGE REVENUES
3. HANDLE HOTEL CREDITS
This module describes the conceptualization of entrepreneurship, roles and contributions of entrepreneurship development in the economy. It also highlights on the steps involved in the entrepreneurial process especially in formation of a new business, looking at the principles of entrepreneurial management showing comparative analysis of an entrepreneur and a manager. Finally, the module provides the required components in developing a well thought through business plan which can be applied in starting and running a new or an ongoing business.
This module will provide learners with chances to conceptualize entrepreneurship terminologies and theories, apply entrepreneurial process in business formation and growth, apply entrepreneurial management approaches in enterprise management and develop a business plan.