Target driven future planning
Most businesses today have very good historic business performance information such as monthly profit & loss statements, occupancy percentages, yields, average customer spend or visitor numbers etc.
However, hardly ever is this valuable data converted into a plan which focuses on future business development. Forecasts are often made by adding x% to last year’s performance. Is this good enough?
My objective is to establish realistic targets – with you – based on historic data and by looking into the future.
You and I must anticipate impacts for example seasonal events, market conditions and the competitive situations. Based on this we develop activities (e.g. sales & marketing initiatives) and goals (financial forecast and operational budgets).
Cost and expense assessments will be carried out and we will provide valuable suggestions on how to make your business more efficient and profitable.
Business planning will provide you with tangible targets and actions. This business plan will enable you to measure your business performance and compare your competitiveness.
Be aware: if you fail to plan – prepare to fail
You really can’t do without planning! Contact Hospitality Advice to discuss your business plan