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| Type of paper: | Essay |
| Subject area: | Business |
| Academic level: | College |
| Style: | APA |
| Size: | 41.5 kB |
| Word count: |
510 words/2 pages
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| Mark awarded: |  |
| Author: | Tonya Mckay |
| Date submitted: | 2008-11-21 20:47:30 |
| Rating/Votes count: |
5.00 / 3
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| Tags: | research, expenses, business, operations, project, hotel, installation, fixed, GDP, MBA, Natural, Total Expenses, Labor Economics, Electricity, Winsome Company, Majestic Lodge Case Study, Poly Pomona, Bycle Company, A-level, Efficiency Wages |
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Launching a New Product Scope Statement for the Project I plan to start a hotel business in one of the busiest street in the city . With a capital of 50 ,000 , I hope it will be sufficient to start the business and at least run it until I start making profit from the business . I have carried out enough feasibility study about the location for my business and I am sure the location is very suitable location for a hotel business . I have to unsure that there will be no other competing hotel business in the area to ensure our hotel business will be a success . A comparison of other hotel businesses is very important in order to be equipped with what other hotel businesses do in the area . With at least 10 employees , we will be able to start the hotel business . The following is the budgetary location for the hotel business . The hotel should have a manager who will be in a position to recruit other employees who will be in a position to help him run the business . The manager will ensure that he recruits some staff who are qualified to work in the hotel business and especially those who are experienced in that kind of a job . It is very important to advertise for a new business in order to make people be aware of the existence of the business . For this case , it will call for the business manager to do a vigorous advertisement for the hotel services in the area so as to ensure the hotel business in know to the prospective customers . Advertisement can be made on the newspapers , magazines or even by use of flyers . It is also very important to renovate the premises where we intend to put a business so that the premises can look like a hotel . This will call us to restructure the premises so that we can make an attractive hotel for our customers . The following is the budgetary location for the hotel business . Activity /Particulars Duration Cost in US Dollars Rent Equipment Salaries and Wages Electricity and Water Advertising Miscellaneous Expenses One Month 1000 5000 5000 1000 600 2900 Rent Salaries and Wages Electricity and Water Miscellaneous Expenses One Month 1000 5000 1000 2900 Rent Salaries and Wages Electricity and Water Miscellaneous Expenses One Month 1000 5000 1000 2900 Rent Salaries and Wages Electricity and Water Miscellaneous Expenses One Month 1000 5000 1000 2900 Rent Salaries and Wages Electricity and Water Miscellaneous Expenses One Month 1000 5000 1000 2900 Rent Salaries and Wages Electricity and Water Miscellaneous Expenses One Month 1000 5000 1000 2900 5000 We believe our hotel business will be a success if we use the above budgetary allocation for the business . I chose the above project since after conducting feasibility study in the area , hotel businesses are doing very well . I have also had a desire of starting a hotel business since my childhood . References Comninos , D . and Frigenti , E (2002 : The Practice... |
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