Stratford University Erbil International Hotels Financial Plan Sheet Investigate the financial plans of several different ventures similar to the one you want to start. Here are some helpful resources to get started:
Saigon Hotel Financial Plan (see PPT in Resources)
Silver Bear Lodge Resort Hotel
B&B Business Plan
Fine Dining Restaurant Business Plan
Sample Financial Plan Template
2. INVESTIGATE NEW BUSINESS POSSIBILITIES
Investigate financing new hospitality businesses – investigate the possibilities.
Financing a Hotel Ownership
Types and sources of financing for start up businesses
How to Get Financing for a New Restaurant
Is Kickstarter the Future of Restaurant Financing?
Building a Successful Spa
Financial Planning for Hotel Development
3. HOSPITALITY INDUSTRY
It is important that you understand the unique industry you find yourself working within. Further your insight into the hospitality industry by reading more in:
Chapter 10 Understanding the Hospitality Consumer
Chapter 3 Every Hotel Tells a Story & Chapter 6 Creating a Concept and Building a Successful Hotel Inside the Minds: The Hotel Business: Leading Hoteliers Offer a Behind the Scenes Glimpse Into the Hospitality Industry
Chapter 22 The Cornell School of Hotel Administration
4. THE ASSIGNMENT
Now it is time to develop some financial projections and needs for your startup. Download and complete the following on your company. What other information will you need for the financial plan?
Financial Projections Template (Download)
Opening Day Balance Sheet (Download)
Start up Expenses (Download)
More free spreadsheets (More Downloads)
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