Free Motel Business Plan
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Free Motel Business Plan

If you are setting up a Motel business then it is wise for you to write down a Motel business plan. If you want capital for your company this will help you with it and even if you are fortunate to have an adequate amount of funds to start-up your own business then a business plan will assist you in your business strategy. This will boost the probability of your business being a triumph, which cannot be a bad thing.

Your plan should involve the following...

Motel Executive Summary

Your Motel executive summary should be written last subsequent to you having done all the ground work in preparation of your business plan - it is after all meant to be an outline of your business. This is the page that ought to grab the interest of the reader and make them be familiar with what your Motel business is about. Generally speaking it ought to present the person who reads it 3 years highlights of your business or longer if you carry out a more long term business plan - i.e. when the investor(s) are expected to start seeing some come back on their investment. The Motel executive summary should mention the chief protagonists who are available to assist run the business and produce the profits for the investors and if any extra management will be required in the process. Click here for more free advice on how to write your executive summary.

Motel Objectives

As the executive summary regularly includes the breakdown of the first three years - your objectives should in addition be set out for your first three years of operation - this could be a handful or may well be a great deal more meticulous - it's totally down to you, on the contrary having unrealistic goals to attain for your Motel business in an unrealistic timeframe will put likely investors off considerably than them being impressed at your high objectives.Read more about business objectives.

Motel Mission

Some people see objectives and mission as identical things but they are not - objectives are there for you to meet your mission. The final mission of any business ought to be to get bought out! If you can build your Motel business up to sell it at the same time as retaining some shares then you will have done well. To accomplish your last mission you will in all probability require some smaller missions - these may be to attract a certain revenue, to reach a certain number of patrons, to wholesale a certain number of units of a product or service and your objectives are there to meet this mission.

Check out some of these example mission statements before you have a go at writing your own mission statement.

Keys to Success

You need to advise people how and why your Motel business is going to be a winner - if you cannot think of something to put in writing here then you are doomed. Even if your solution is purely that you are going to put more effort in than the next guy - then at least that is something...but you'll need to back it up with some proof in particular if you are looking for funding in your Motel business.

Company Summary

Here you should put in writing a simple structure of your business over the next 3 years unless you have a long term plan.

Company Ownership

Plainly put in writing who is going to own the Motel business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it's relatively normal for someone to have possession of part of a business but have no say in how that business is run. You must declare if the company is a limited company, private, public or if you are a sole trader.

Not sure which business structure to go for?

Location(s) and facilities

Where is your Motel business going to be trading from and why are you going to be trading from this locality - you may perhaps not be able to give a pinpoint address at this young stage but you ought to narrow it down as much as you can, as obviously this will have a powerful impact on your company. It is by and large easy to get premises for any Motel business in particular in this climate with so many businesses folding, but getting the appropriate business premises for the right money is a different prospect entirely.

Read more about business premises.

Start-up Summary for your Business

Before you start trading it's a good idea to have a business bank account and you are also going to have to choose a new name for your Motel Business.

Before you can push any services or products you need to record exactly all of the equipment you are going to need and if you are going to require any investment in order to pay for all of these things. You may need to play down your start-up summary depending on your financial situation - so you might desire selected Motel equipment however not be capable of buying it until you have sold several units of service / product.

Motel Start-Up Costs

This is a straightforward inventory of things you need to buy or things you can bring into the company if you previously be in possession of them before your Motel business can start working. If you don't have enough money you should also incorporate who is going to offer this resource to get your Motel business going.

Visit this page for more typical start up costs.

Motel Investment

If you do not have adequate funds you ought to enter the total investment you are going to require and also involve the breakdown of the parties that are going to bankroll the investment. Incorporate the equity being given away to fund this or loan agreements in order to finance the agreement. Will you require a small business bank loan? If you cannot get a bank loan don't worry there are alternative methods for funding your Motel Business.

Motel Business Plan Page 2

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