Hospitality industry news, articles, publications, trends, tips, ideas, strategies and best practices … How to Write a Persuasive Hotel Business Plan OK, so you have decided to realize your dream and open your own hotel. You have thought out an amazing concept delivering unparalleled guest service. The next step would be to write a hotel business plan. However this is where most entrepreneurs get stuck.
Conclusion Now that you've invested dozens of hours doing research, compiling data, organizing your information and writing it down, it's time to consider how to present your plan to prospective lenders or investors. But first, you may want to take some time to clear your mind.
Let the plan sit for a few days, then review it with fresh eyes. Better yet, hire a business plan consultant to give you a different perspective and offer suggestions for improvement.
The Written Business Plan Presentation Once you've put together all of this key information, make sure to present your plan professionally.
The importance of your plan's appearance can't be understated: It's your business's first impression. If your plan looks sloppy, readers may assume that the information it contains is inaccurate and not well-thought-out and that your business is run carelessly.
Introductory Letter Include a cover letter to introduce yourself and your plan. A Title Page and Table of Contents will show that you are professional and organized and will help the reader to locate key information within your plan.
Include subsections in your table of contents so that, for example, the reader can easily locate your Income Statement instead of having to thumb through the entire financial plan section to find it.
Organization Nothing says you have to lay out your plan exactly as described in this tutorial. While it is important to include all the information we've discussed, you may find, for example, that even though marketing and sales are closely intertwined, you have enough to say about each subject that you would rather present them in separate sections.
There is also flexibility in the order in which you present your plan, outside of putting the Title Page, Table of Contents and Executive Summary at the beginning, in that order, and the Appendix at the very end.
Present your information in a logical order, but be aware that financiers are likely to skip around and read the information in the order that best suits their purposes rather than reading the plan from cover to cover.
Professional Editing One professional you should consider hiring to help finalize your plan is an editor, who will see mistakes that you don't, point out sentences that are unclear and notice sections that are disorganized.
An editor will make sure that the tone of your business plan is appropriate — formal, but easy to understand.
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He or she will also make sure there are no spelling or grammar errors. Overall, a professional editor will make the plan more readable and make sure your message is presented clearly and concisely. Concise doesn't mean that you have to leave out important details to save space, but that you present all the necessary information in the most efficient way possible.
Design Your plan must have a formal layout with consistent formatting. It should use visual aids where appropriate, but any graphics you include must be relevant and professional — think charts, graphs and tables presenting pertinent data, and photos of your actual business, not stock photos.
Hire a professional graphic designer to give your plan a polished look: The Appendix Including an appendix section in your business plan allows you to supplement the information provided in the main sections.
Since you don't want your main sections to be too long or too detailed, the Appendix is where you should include supporting documents that provide additional details that potential lenders and investors will want to see if they decide that your plan has merit.Enterprise Resource Planning -ERP Kevin Cowell Natthawut Lertpitayakun Isabelle Mertha Xiaoguang You What is ERP?
The practice of consolidating an enterprise’s planning, manufacturing, sales and marketing efforts into one management system.1 Combines all databases across departments into a single database that can be . PTAC’s mission is to help Utah small businesses successfully compete in the government marketplace by providing knowledgeable and outstanding customer service.
Utah’s Procurement Technical Assistance Center (PTAC) program helps Utah small businesses to find, bid and win procurement.
New applicants to organic farming must be able to demonstrate in the Business Plan that a minimum level of 15 Income Units from organic farming can be reached within the five-year period of the contract. Sample Business Plan Employee Wellness Program for (location) VA Hospital.
Table of Contents. 1. Executive Summary 2. Description 3. Background 4.
Organizational Assessment 5. Proposed Services 6. Target Market Analysis 7. Marketing Plan 8. Resources. VA/VHA Employee Health Promotion Disease Prevention Guidebook, July Enclosure Annex D: Sample Business Plan Page D-2 Background The development of the seed and venture capital industry in Mexico is a priority for the Government of Mexico, supporting three key pillars of the financial policy framework defined by Since seed-stage companies are very small and buy-out candidates can be very large, the number.
Aug 06, · And while many business owners cringe at the mere mention of drafting a business plan, it is a great exercise to get your business back on track and to plan for future growth.
Small Business .