For this assignment you will look at the business you have chosen. Your assignment is to design a preliminary financial plan that estimates start up costs, opening costs, operating budget for the first year, and a list of possible funding. This is the exc

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 PlanFine Dining Restaurant Business PlanSample Financial Plan Template2. Investigate New Business PossibilitiesInvestigate financing new hospitality businesses – investigate the possibilities.Hotel Financing Financing a Hotel Ownership Types and sources of financing for start up businessesHow to Get Financing for a New Restaurant Is Kickstarter the Future of Restaurant Financing?Building a Successful SpaFinancial Planning for Hotel Development3. Hospitality IndustryIt 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 ConsumerChapter 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 AssignmentNow 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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