The Βusiness Plan provides a detailed analysis of a business operation or of the total operations of a business and aims to give specific answers to specific questions:
- How many years is expected to amortise the investment
- If and when the revenue will exceed the operating expenses
- What is the ROI in 5 or 10 years and compared with alternative investments
- If is needed to adjust the size of the unit so that there is a faster or higher performance
- If you need to adjust the initial assumptions for the tourist type that addressed to, the category of the hotel or completeness of offered services
It is necessary for:
- Attracting capital to finance a business operation
- The allocation of capital within a company
- Defining or redefining the strategy of an enterprise
- Selection of the appropriate company’s size (right-sizing)
- As a functional determining and criterion of the yearly comparison on the activities and design