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Guide to writing a business plan

Step-by-step instructions and Excel file to write your first business plan

Guided compilation
Excel with formulas
Practical examples

What you will find inside this resource:

  • 1

    Detailed instructions

    This guide is a real handbook on how to write a business plan from scratch, even if you have never done it before. Inside you will find all the basic sections with clear explanations that will walk you through the compilation step by step, reducing the risk of mistakes or oversights.

  • 2

    Simplified calculations

    To draw up your business plan you will have to handle numbers and financial data, which are essential for establishing projections of growth, profitability and stability of your accommodation. In the guide you will find the button to access an Excel chart with preset formulas and instructions for using them.

  • 3

    Concrete insights

    We know how difficult it can be to bridge the gap between theory and practice. That's why our handbook provides not only a list of the sections and steps you need to take to compile your business plan, but also concrete examples related to hotels, B&Bs, resorts, and vacation rentals.

Improvisation is not the right strategy

Defining your goals and the means to achieve them is easier if you have a road map to follow. A business plan protects you from wrong "hunches," paving the way for success.

Business Plan Template for Hotels - Smartpricing

Find answers to your questions!

  • Yes! The business plan is not only needed for "big projects," for new openings or to participate in public tenders, but it is a useful tool for all accommodations, even those that are small to medium-sized or have already been in the market for years. You can use it to recalibrate your strategy, assess the feasibility of new products or services, better plan your resources, and unearth new opportunities to cope with a moment of crisis.

  • It is normal to find some difficulty in creating a business plan, especially if it is your first time, because it is an extensive document that must contain your facility's current situation, market trends, and your goals for the future. Our business plan template is easy to fill out because not only is it structured with step-by-step instructions, but it also contains practical examples of how to complete it, so you can understand exactly what to write.

  • Sure! The resource you will get is an editable PDF, so all you have to do is open it on your computer and follow the directions by filling in each section directly. Also, within the PDF, you'll find a button to immediately access the accompanying Excel as well, which you'll need for the financial and analysis part. The two documents are designed to be used together, so you will also find instructions on how to integrate them step by step.