Steps

1
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.

Transcript of Steps

Page 1: 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.