Hospitality industry news, articles, publications, trends, tips, ideas, strategies and best practices … How to Write a Persuasive Hotel Business Plan OK, so you have decided to realize your dream and open your own hotel. You have thought out an amazing concept delivering unparalleled guest service.
Business Plan All new businesses or potential business ideas do need a business plan—but, as you will see in our business case examples, a business plan is not the same thing.
A business plan will show your ideas and include marketing plans and research, a SWOT analysisand even outline how much capital funding you may need for investors. A business case, on the other hand, is utilized for something tried—that works—that you or your organization wants to sell or implement.
Still, some companies utilize a business case to see if a process or element will work based on the case study. A business case is often used to lay the foundation for something that is believed to be successful by performing an in-depth analysis of the entire project or process.
Al Kemp of Impact Technical Publications offers a free Business Case Primer that covers the areas you should focus on when writing a business case. We have also provided a business case example in our Media Gallery that talks about improving a process; cases more utilized in project management.
Image Credit MorgueFile Typical Examples of a Business Case One real-life business case example comes from a company that produces oil burners for auto repair or body shop facilities.
The purpose of the oil burner is to recycle used oil from repair work and turn that oil into a heating source.
A process can also be presented in a business case format. For example, streamlining your customer relationship management may come in the form of online software with cloud capabilities.
In order to sell this software process for CRM needsthe software company must show that the customer retention, development, and satisfaction are improved and justify the cost of using the software instead of older, more traditional CRM processes.
In these two business case examples, how do the oil burner maker and the software developers write a business case that works? Writing a Business Case Much like a business plan, your business case should follow a certain format.
Finally, every business case must take care when considering who the case will be presented to. For example, your business case should be unique, but should also be able to be easily and quickly modified for the need at hand.
Once written, a business case may simply need minor revisions to deploy or embrace a new process or idea. Al Kemp of Impact Technical Publications reveals that a business case example should include the following 8 stages: Assess Needs — This should include why the auto repair facility would even want an oil burner for heat, including oil waste and utility expenses along with identifying which repair centers would most benefit from the oil burner.
Define the Business Opportunity — Your business case must include marketing research on how well the oil burner has been received or will be received in the desired market area.
Plan the Work Effort — What effort will be needed to put the oil burner in place, including costs, etc. Investigate Alternatives — The oil burner business case must show other alternatives most likely those more expensivesuch as an oil waste removal company, and compare its product to their services.
Prepare Report — From the information gathered above, you should now be able to prepare a great business case for your oil burner including backup such as graphs or charts that are easily read and show true savings features.
If you are preparing a business case for a project, try first writing a case study of an already successful project to get an idea on how to design your business case to entice support from stakeholders, project teams, and management.
You may even want to try a stage-gate process to help you research your business case. Graphs, charts, and savings examples should be clear without need for explanation.
Finally, for any business case example, once delivered to the reviewer, stakeholder, or prospective client, it must stand on its own, be easy to read and understand, and offer interest and the chance of some opportunity that will benefit the end user.Aug 05, · For example, there is the traditional market analysis, but the detailed business plan also analyzes the political, economic and technological macro-environments.
The product features are described, but there is also an explanation of the value proposition.5/5(1). Oct 03, · Simple business plan outline; Detailed business plan outline; Standard tables and charts; You can click each of the above links to jump directly to that business plan section.
See an example of a completed business plan here, and learn even more about writing a business plan here. Simple business plan outline: 1. Executive summary. Write this last/5(). Read example business plans on the Bplans website.
How to write a business plan Get detailed information about how to write a business plan on the Start Up Donut website.
Strategic Business Plan Framework.
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|Business plan templates||The competition is intense in many industries, so demonstrating detailed knowledge of the market and competition and addressing environmental and social impacts can differentiate the business.|
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Strategy Designer™ is a collaborative planning tool aimed at business and nonprofit organizations' management teams creating their strategic business plans. Oct 23, · Sample Business Plans; Business Plan Guide; How to Write a Business Plan; Free Business Plan Template; 8 Common Business Plan Mistakes.
How to Write a Business Plan for an Outpatient Medical Practice. How to Write a Nonprofit Business Plan. one-page business plan —what we call a Lean Plan—and then come back and build a detailed /5(). Put simply, a business plan is an outline of goals and the steps needed to achieve them, and while not all businesses require a formal business plan, composing a business plan, in general, is an essential step to starting your own business as it lays out what you plan to do to get your business off the ground.