Purpose of the business plan | Bed and breakfast business plan
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PURPOSE OF THE BUSINESS PLAN
The purpose of this business plan is to outline the viability of the proposed expansion of Extravagant Luxury Bed and Breakfast and motivate potential funding providers to invest in the proposed expansion of the entity.
This business plan provides a detailed account of the products and services that Extravagant Luxury Bed and Breakfast currently offers as well as details of the new range of services that are planned for the future. The business plan further provides an account of the external environment, industry, market and competition analysis, internal environment analysis, SWOT analysis, implementation plan, operational plan and a detailed financial plan. A critical risk assessment and action plan is also included in the business plan. In summary, the business plan for Extravagant Luxury Bed and Breakfast addresses the following:
- The assessment of the macro environment including the political, economic, social, technological driving forces
- The business opportunity assessment
- The market review and assessment
- The competition evaluation
- The assessment of the Bed and Breakfast’s management and other structures
- The review of production/operational requirements and facilities,
- The financial Assessment
- The assessment of key risks associated with the business
- The review of legal requirements
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