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Financial projections How to Write a Business Plan for a Conference Center Prepare an outline of the plan so that it can act as a guide in building the detailed structure.
A suitable plan for a conference center would consist of: These need to be defined in quantifiable terms, not just generalities. For instance, 'being profitable' is too vague an objective, a better goal would be: Carry out detailed market research to confirm the demand for conference facilities and to review the competitive landscape.
The services to be offered will range from the most basic--simply providing accommodation for meetings--to a full-fledged residential center with catering on site and hotel-style facilities. Whatever the size of the enterprise it will need to have meeting rooms and presentation equipment for hire, as well as the ability to provide at least hot and cold drinks and light meals.
High speed Internet access is also virtually essential in today's market.
Review the target market and the competition. There are many prospects for a conference center, but some of the most important will be event planners and local companies.
The business plan should expand on the demographics for these and describe how they will be made aware of the services provided. Methods will include press releases, a targeted website, networking with bodies such as Chambers of Commerce, as well as traditional print advertising.
The competitive review should discuss the strengths and weaknesses of companies offering similar facilities and review their strategies. Include a financial section giving projected revenues and a profit and loss statement,a balance sheet and source and application of funds. With a conference center, it is likely that the business will be cyclical and it should therefore show how it will cover costs in the quiet period; usually the winter months--perhaps it would offer facilities for private functions such as parties and wedding receptions at the times that company bookings are slow.
Prepare the presentation format. If it is a document primarily intended for internal use, a simple written document might suffice. But if it is to be provided to external investors, the more professional it looks, the better.
In this case, it could be provided on a DVD, with photographs, video and audio included. It should be accompanied by a written document or PowerPoint-type presentation, and that would include all relevant information such as detailed statistical analyses and brochures describing the business.
He has been published by the "Sunday Telegraph" color magazine, "The Intelligence Review" and private publications.Each free business plan template is available in Microsoft Word (DOC) format, and many of the Business Plan Forms are available in Excel (XLS) format as well.
Just choose a business plan . This is a sample business plan, so the company and business information are fictitious. This plan reflects our standard business Mission: To provide strategies and training programs related to health care Strengths and Core Competencies: Lowest cost of services in comparison to competitors.
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