I own a hotel in a national 4A-level scenic spot. I want to expand the hotel and I am short of funds. How should I raise funds?

The following tasks need to be done: business planning and plan preparation; staff recruitment and training; basic financial work; promotion; project acceptance, handover, and trial operation; material procurement; application for various licenses; opening of business The quality of the eight tasks including the ceremony determines the amount of operating profits after the opening, because these tasks involve major issues such as the quality, cost, customer sources and whether the business can open on time.

1. Formulate business plans and goals

(1) Recent market research and forecasts

1. Research and grasp the dynamics and development trends of the local market.

2. Research and understand the type, scale, grade and operating characteristics of hotels in the region.

3. Research and understand the region’s customer source market and hotel operating conditions in the past two years.

4. Comparative analysis with competitors.

(2) Prepare business plan

1. Determine business items and standards based on the hotel’s natural social environment and market positioning.

2. Formulate the sales price base of catering and preferential policies during the trial opening period.

3. Prepare various plans for the trial opening work and compile them into a trial opening report.

4. Formulate a countdown plan for the implementation of various preparatory work.

5. Submit business report to owner for approval.

2. Organizational personnel and management system

(1) Determine the organizational structure, staffing, wages, and benefits.

(2) Develop management procedures and rules and regulations.

(3) Formulate the conditions and quantity of employment personnel.

(4) The total number of assessment and recruitment personnel should be controlled below 60% of the basic establishment.

(5) Appointment of department managers.

(6) Training.

1. Training for hotel staff and management

2. Basic skills training, work procedure training, and store rules training.

3. Pre-job training, practical training

(7) Personnel assignment.

3. Hotel decoration and supporting facilities

1. Hotel decoration design and implementation.

2． Hotel electrical equipment procurement, installation and commissioning

3. Hotel tableware and kitchen equipment procurement and commissioning

4. Procurement of hotel furniture and linens

IV. Key points of financial work before opening

(1) Receive fixed assets, make books, and register

(2) Formulate Financial system procedures.

(3) Train financial personnel to understand and implement financial management systems and procedures.

(4) Prepare a budget for opening expenses.

1. Various forms of dining, pricing of meals, drinks, and merchandise.

2. Compensation standards for damaged items.

(6) Formulate regulations for free orders and discounts.

(7) Establish business relationships with banks, industry and commerce, taxation, post and telecommunications and other departments

(8) Opening expenses.

The owner pays the operator the opening fee, and the latter formulates the opening plan and budget

and supervises the opening activities, including recruiting, training employees, installing operation systems, marketing, and procurement Supplies and inventory, in the name of the owner