Your tour guide business plan is a record that defines your tour guide business with its objectives and shows how those objectives ought to be achieved.
Without a business plan it is unlikely that budding “angel investors” and the like will invest in your tour guide business if that is your requirements to start it up or if you need to take it to the next level
The tour guide business plan should be adapted for the potential lender or the financier. The subject matter of the plan should display the possible interests of the lender and promote support for your tour guide business venture.
Your plan isn’t just for getting you the investment you need – it’s main objective should be to indicate the route in which your tour guide business is going.
You must keep your backer’s attention by making the document as reader friendly as possible. Use undemanding, direct language and graphics to illustrate your ideas. Make sure your content reflects the optimistic approach of the management team. Nevertheless, it is advisable to be realistic whilst presenting monetary forecasts.
You must cover the business’s strengths as well as potential weaknesses and illustrate how you expect to overcome weaknesses. Reveal you are aware of the risks concerned and submit workable solutions for overcoming these risks and bestow evidence to support your statements. This will insert credibility to the business plan.
Make a solid first impression by presenting the plan in a clean and professional manner by using a clear, simple design that conveys a professional image and steer clear of jargon, keeping the subject matter concise and hard hitting. Any technical or supporting information should be provided in the appendices.
Keep all the numbers between the main body of the plan and your appendices – if you put large sections of figures in the body of your article you’ll distract your investor from the flow of the tour guide business plan.
If you are starting a new business; it’s important you explain why you came up with the idea to start this new business. Give advantages of your distinct products or services that you expect to recommend to would-be clients stating how you anticipate how to get their business. Give details of the market sector whether it’s a growing sector or not, justify your pricing policy and how you intend to push your goods/services. Highlight any competition out there and how you plan to compete in this money-spinning market and make your investor a return on his or her money.
Stress the know-how and awards of you and your management team and show how their skills can be harnessed to secure growth possibilities and profitability. Give information on employment necessities including CVs for senior management in the Appendices and, if applicable, an organisation chart to illustrate the management composition.
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