The business plan (Business Plan) is a detailed analysis of a business function or the set of functions of a business and aims to provide specific answers to specific questions:
In how many years is the investment expected to pay off?
If and when revenues will exceed operating expenses
What is the return on the investment in 5 or 10 years and compare it to alternative investments
If the drive needs to be resized for faster or higher performance
If he needs to adjust the initial assumptions for the type of tourist he is targeting, the category of the hotel or the completeness of the services he will offer
It is necessary for:
Attracting capital to finance a business operation
The allocation of funds within a business
Defining or redefining a company's strategy
Choosing the right size for the business (right-sizing)
As an operational determination and criterion for annual comparison of actuals and plan
