Bed And Breakfast Business Plan Term Paper Example | Topics and Well Written Essays - 2000 words

Bed And Breakfast Business Plan - Term Paper Example The business intends to capitalize on personalized services, and its unique location to attract new customers and retain the existing customers. The business also intends to create an environment that will facilitate a pampered comfort that is far beyond the projected business competitors. The business will as well incorporate contemporary technology in its operation to holistically renovate the flow of tourism in Georgia. Services The business plans to create rental units that will target foreign tourists. Secondly, the proposed bed and breakfast business also projects to tender a guideline services to foreign tourists on the most eye-catching tourist sites in the areas. The business as well projects to work together with others tourists’ agencies and businesses in order to offers packing slot at a special rates. A part from offering tourism services, the business also plans to offer breakfast services such as preparing breakfast foods to its customers as well as preparing hi gh quality and delicious meals to its customers. General Staffing For a starter, the business plans to employ 91 employees. Among them, seven professionals with be mandated with the responsibility of the general management of the business will the others will be regular employees with specific responsibilities. The business intends to employs over 40 well qualified and trained chefs. The business will recruit 20 tour guides who will be responsible of guiding tourists in the business’s area of coverage. The recruitment exercise in the business will purely be based merit and experience. There will be not favors in the business recruitment and promotion exercises. Rationale Lodge and hotel businesses have over years played an exceptionally decisive role in the success of tourism activity in Tybee Island and in the entire world. However, despite the encouraging benefits of tourism business in the Tybee Island, there are awfully limited hotels and lodging services in the area. The refore, the new bed and breakfast business intends to offer a prevalent, quality, and affordable rental facility to foreign and local tourists. On the other hand, the local government also intends to advance tourism business in the area by encouraging entrepreneurs to invest in hotels and development of rental units. Therefore, the projected business will to some extent be acting in response to the local government proposal to invest in hotels businesses. Benefits of the Business The business is projecting to attract more tourists in the area by offering quality services to foreign and local tourists. Moreover, tourists in the area will increase the Island income thus minimizing the poverty level in the area. The business will create more employment opportunities in the area. Most of the business employees will be proficient members of the surrounding communities. Finally, the business will benefit the area residents by offering quality and affordable breakfast services to the inter ested community members as well as local and foreign tourists. Chart of Accounts The rationale Based on the reality that, most small businesses relies on lenders and creditors to develop their operations, the choice of Charts of Account is incredibly essential in the analyses of the business available resources, the expected resources and how the business intends to use the available and borrowed resources. Charts of Account are as well especially vital in providing the interested parties with adequate understanding of the financial position of the proposed business. Assets Assets Amount Cash $ 4, 538 Accounts receivable $ 740 Other current assets $ 670 Long term assets $7, 000 Accumulated depreciation $9, 413 Total assets $12948