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Business Plan Evaluation

 Essay about Business Plan Analysis

To: Kristen Darkish

From: John Doe

Date: December 9, 2009

Re: Strategy Evaulation

You may have asked me to examine the following two business programs: •Vette Kat Harbour Understructure & Breakfast time

•Magnolia Inn

I recommend investing in the Magnolia Inn. I use taken the time to evaluate and quantify both the business ideas. Each category will be graded on a level of 1-5, five getting most desired. While looking at the information I use determined a number of factors that helped me draw my last conclusion. These factors are: •Experience

•Competition

•Feasibility

•Demographics

•Finances

Experience

The Vette Kat Harbor Bed & Breakfast management team provides a colorful background of experience. Kayman, a part of the institution, has an MASTER OF BUSINESS ADMINISTATION and has worked in the motel and vacation resort industry for over 13 years; including previous experience working as general manager. Consequently he contains a large network of good friends in the industry. The other two members for the management crew, Max Nevis and Jenné Sequa, will be trained chefs. The Magnolia Inn supervision team can be described as married couple who have in recent years sold a conventional hotel to start up this pickup bed & breakfast. They will be residing in the Resort with their personal living quarters. No educational background has been technically stated, but the previous conventional hotel venture can be noteworthy. The Vette Kat Harbour Foundation & Breakfast time – 5. 0

The Magnolia Inn – a few. 0

Competition

The Vette Kat Harbor Bed & Breakfast promises to have a excessive competitive border. The location in the Caribbean is actually a hot spot intended for tourists. Annually over 20 mil people go to the Caribbean Island destinations. The number of pickup bed & breakfast time places inside the area are limited. Because of the expense of traveling and living the threat of recent entrants to this industry inside the Caribbean can be low. To ensure there to be a new start-up hotel in the Caribbean will probably be costly intended for outsiders. Good asset for the business can be Kayman, since previously known, he is reputed for his knowledge. With the Carribean Islands packed full of large resorts, a bed & breakfast can be not a common site towards the area, and can provide a superb getaway for travelers. The Magnolia Inn can be found at Half-moon Bay inside the San Francisco Bay area. This place is already loaded with pickup bed & breakfasts. Two of their main competitors are the Riptide Inn, and the Bayshore Inn. Building an Inn about highway tips is not really a new point, therefore , dealer power is usually low. It would not be tough to set up a great Inn in San Francisco, therefore , the limitations of entry are low. The Magnolia Inn features one competitive edge, their particular oceanic look at, and programs to attract buyers from the motorway to gain a piece of the market share. A plus to get the Magnolia Inn is a vacation to S . fransisco is much more affordable than to the Caribbean. If the Magnolia Inn can make a brand for on its own, it will be a very rewarding investment. The Vette Kat Harbour Pickup bed & Lunch break – some. 0

The Magnolia Inn – three or more. 0

Feasibilitiy

The Vette Kat Harbor Bed & Breakfast seems too great to be true. An experienced MBA graduate, have real profit start a effective Bed & Breakfast inside the Caribbean seems like a lucky combination. I recommend confirming the credentials of Mr. Kayman. If Mr. Kayman is really as good as his business plan is written, than this venture will probably be worth the purchase. You may by no means find an additional chance being apart of the Caribbean endeavor. A noteworthy risk of feasibility is the people on the administration team are typical related. Family members can be a danger to entrepreneurial ventures. Any sort of conflict in the family has potential to affect the business. Beginning this kind of Inn in the Carribbean seems like the entrepreneur's desire, more than this can be a reality. The Magnolia Inn is relatively close to home. If you would like to learn more about the investment, this wouldn't consider long to get from Detroit to S . fransisco. The feasibility of this enterprise I feel is pretty high. The owners have already a knowledge of what is had to own and run a motel. In addition ,...

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