The hospitality industry is competitive. If you are looking at going into this business and you want to be successful then it is essential that you plan, plan and plan again. You need to know whether or not your business is viable before you go ahead and get that financing.
On top of that, when you apply for your financing then you are going to need to be able to show your lenders that your business can make a profit if they invest in you.
In the first of Barkeeper's Executive Series we bring you Strategic Business Planning - A comprehensive guide to planning for a successful business.
This exclusive guide has been brought to you in association with Andersen Bowe who, as consultant accountants, are helping add value to hospitality businesses on a day-to-day basis.
If you are in the planning stage for your business, then this guide is essential reading for you. It provides with a step-by-step approach to creating an effective business plan to present to your lenders and to help ensure a viable, profitable business venture.
As well as providing you with an insight into what makes a hospitality business work, the Strategic Business Planning guide covers all aspects of creating a business plan including;
- The Executive Summary
- Business Concept Description
- Checklists
- Target Markets
- Situational Analysis
- Objectives and Goals
- Competitive Advantages
- Management Ability Checklists
- Marketing Strategy
- Marketing Performance Checklists
- Advertising Tactics
- Schedules and Budgets
- Financial Capability Checklists
- Financial Forecasting
- Three Year Cashflows
- Operational Flows
- Prime Cost Targets
- Break Even Analysis
- Return on Investment
- Return on Equity
- Presenting the Plan
Make sure you're in the best position to have a profitable hospitality industry by preparing a thorough business plan before you start your business venture.
Download the Strategic Business Planning guide today.
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