The Business Plan is a detailed analysis of a business operation or all the operations of a business and aims to provide specific answers to specific questions.
In how many years is the investment expected to be amortized
If and when revenue will exceed operating costs
What is the return on investment in 5 or 10 years and compare to alternative investments
If the unit size needs to be adjusted for faster or higher performance
If you need to adjust the initial assumptions about the type of tourist you are targeting, the category of the hotel or the completeness of the services it will offer
It is necessary for:
Raising capital to finance a business operation
The distribution of capital within a business
Defining or redefining a business strategy
Choosing the right size for the business (right-sizing)
As a functional identification and criterion of annual comparison of activities and plan
