Steps
Transcript of Steps
Executive Summary: This is the first section and includes information about your business, locations,
objectives, products and services, and even overview of the rest of the plan.
Market research & analysis: Here you will include your findings about your target market. Once you
have completed your research, you will do comprehensive analysis of the market. It will help you to
develop your business in the right direction. In addition to that, you will know about your customers and
their choices.
Competitor analysis: One of the most important things for a successful business is understanding your
competitor.
Strategy and implementation: This section will include your business strategy and a roadmap for its
implementation.
Management: Management is another important part of a hotel business. You will need to ensure that
you have collected the best possible management team within your resources.
Financial plan: Since you are starting your hotel business to make money, you will need a strong
financial plan to back up your dreams. If you can make money on paper, then chances are that you will
make money in real as well.