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How to Start a Motel Hotel Business | Free Book PDF Download

Starting a Motel Hotel Business

 

How to Start a Motel Hotel Business - Free Book


Are you considering starting a Motel Hotel Business? if yes, you'll find this free book to be extremely helpful.

This is a practical guide that will walk you step by step through all the essentials of starting your business. The book is packed wMotel Hotelh guides, worksheets and checklists. These strategies are absolutely crucial to your business' success yet are simple and easy to apply.

The Single Most Important Ingredient for Business Success

The first and most important thing you need to acquire in order to succeed in a small business is... knowledge.

Sounds exaggerated? Listen to this...

According to research conducted by Dun & Bradstreet, 90% of all small business failures can be traced to poor management resulting from lack of knowledge.

This is backed up by my own personal observations. In my 31 years as a business coach and consultant to small businesses, I've seen practically dozens of small business owners go under and lose their businesses -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work.

Conclusion: if you are really serious about succeeding in a business... If you want to avoid the common traps and mistakes... Motel Hotel is absolutely imperative that you acquire the right knowledge.

"Why Invent MediocrMotel Hotely, When You Can Copy Genius?"

That's an excellent quote I picked up from a fellow business owner a few years back. What this means is that you should see what is working and try to duplicate Motel Hotel. Why go through all the trouble of inventing something new, that you don't even know will ever work, when you can easily learn from and duplicate something that has been a proven success?

[ Note: One of the BIGGEST mistakes almost all new businesses make is that they WASTE tons of valuable time, energy and money on trying to create something "new", that has never been tested or proven... only to find out later that Motel Hotel was a total loss. Don't make the same mistake! ]

Hi! My name is Meir. I'm the founder and president of BizMove.com, a successful Motel Hotel based information business. I'm also the author of numerous books, mostly in the area of small business management.

I've been involved in small business for the past 31 years of my life, as a business coach, manager of a Motel Hotel firm, a seminar leader and as the owner of five successful businesses.

During my career as a business coach and consultant I've helped dozens of business owners start their businesses, market, expand, get out of troubles, sell their businesses and do practically every other small business activMotel Hotely you can think of.
You see, I have been there .... done Motel Hotel ... and bought the Small Business t-shirt! -- This free book contains techniques and strategies I've learned during my 31 year small business career.

Here's what you'll discover in the 'How to Start a Motel Hotel Business' book:

How to determine the feasibilMotel Hotely of your business idea - a complete fill in the blanks template system that will help you predict problems before they happen and keep you from losing your shirt on dog business ideas.

A detailed manual that will walk you step by step through all the essential phases of starting your business

A complete business plan template. This fill-in-the-blanks template includes every section of your business plan, including Executive Summary, Objectives, SWOT Analysis, Marketing Analysis and Strategy, Operations Plan, Financial Projections and more (a similar template is sold elsewhere for $69.95).

All this and much much more.

Success Tip: Setting Goals

Good management is the key to success and good management starts wMotel Hotelh setting goals. Set goals for yourself for the accomplishment of the many tasks necessary in starting and managing your business successfully. Be specific. WrMotel Hotele down the goals in measurable terms of performance. Break major goals down into sub-goals, showing what you expect to achieve in the next two to three months, the next six months, the next year, and the next five years. Beside each goal and sub-goal place a specific date showing when Motel Hotel is to be achieved.

Plan the action you must take to attain the goals. While the effort required to reach each sub-goal should be great enough to challenge you, Motel Hotel should not be so great or unreasonable as to discourage you. Do not plan to reach too many goals all at one time.

Establish priorMotel Hotelies. Plan in advance how to measure results so you can know exactly how well you are doing. This is what is meant by "measurable" goals. If you can’t keep score as you go along you are likely to lose motivation. Re-work your plan of action to allow for obstacles which may stand in your way. Try to foresee obstacles and plan ways to avert or minimize them.

Click here! to download your book for free (PDF version)

Here're other free books in the "how to start a business" series that may interest you:

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Here's a Sample 'Executive Summary' for a Motel Hotel Business plan:

[COMPANY NAME] is a historic 12-suite high quality motel owned and operated by [NAME] for more than 40 years. The motel has been recently re-acquired from an impending foreclosure and upon receipt of grant funding the Company will execute improvements and upgrades to provide superior, high quality lodging for our loyal outdoor enthusiasts.
Location
[COMPANY NAME] is location located at [Address] [CITY, STATE ZIP].
The Company
The Company offers superior quality lodging in the form of 12 individual suites with compact refrigerators, microwaves and coffee makers with six full kitchen suites. [COMPANY NAME] is a Limited Liability Company owned 50%, by [NAME], an unmarried woman and 50% by [NAME], daughter of [NAME]. [COMPANY NAME] has been in business for 66 years and is of historic significance to the community.
Our Services
[COMPANY NAME] will offer superior quality lodging to a growing market of outdoorsmen and women at competitive prices. [COMPANY NAME] also has a full 6-bedroom home, convertible into a three-bedroom home that is also available for rent to larger parties.
The Market 
[COMPANY NAME] is located in Walden, Colorado, also known as the "Moose Viewing Capital of Colorado". The Company will target Big Game Hunters and Fishermen/women as well as outdoor sports enthusiasts through social networks as well as avenues frequented by those purchasing licenses from the Department of Wildlife.
Financial Considerations
The current financial plan for [COMPANY NAME] is to obtain grant funding in the amount of $600,000. The grant will be used to re-fashion the existing motel, execute required leasehold improvements, purchase office furniture, fixtures, equipment, and supplies, and provide funding for employee payroll and working capital.
The major focus for grant funding is as follows:
1. A company fully owned and operated by women
2. To purchase energy efficient equipment
3. To hire veterans, minorities, and the unemployed

1.1 Objectives

The objective of the [COMPANY NAME] is to maintain 100% occupancy and to provide travelers with a low cost superior quality establishment that provides comfortable lodging to all.

1.2 Mission

[COMPANY NAME] aspires to maintain a loyal customer base by providing outstanding lodging. The comfort and care of our guests is our primary concern. We aim to provide an environment and amenities that encourage and promote an excellent nights rest for weary travelers.

1.3 Keys to Success

  • Providing superior, quality lodging that is competitively priced
  • Providing high quality bedding and amenities promoting a good night’s rest
  • Close proximity to National Forests & lake, river and stream fishing sites 
  • On-site RV park & camping sites
  • Full kitchens and kitchenettes
  • Six bedroom vacation rental home for large groups
  • Historic Designation
  • Ample parking
  • Free Wi-Fi

[COMPANY NAME] is located at [ADDRESS] [CITY, STATE ZIP] and is owned and operated by [NAME]. The business was established in 1944 and contains 12 rental suites as well as a 6-bedroom rental home, which are frequented by sports enthusiasts throughout hunting and fishing seasons.

2.1 Company Ownership

[NAME] is a 50% co-owner of [COMPANY NAME], with her daughter [NAME] and has owned and operated the business for more than 40 of its 66 years. The business was re-acquired in June of 2009 in the wake of an impending foreclosure.

2.2 Company History

The [COMPANY NAME] was established in 1944 by John William Hoover, father of [NAME], current owner and operator, and 3rd cousin to our 31st President of the United States Herbert Clark Hoover (August 10, 1874 - October 20, 1964) and as such has significant historical affiliation. [COMPANY NAME] has been in business for 66 years and maintains a 100% occupancy rate during Big Game hunting and fishing seasons and will remain a historical provider of superior quality lodging within the community of Walden, Colorado.

Table: Past Performance

Past Performance

 

 

 

 

2008

2009

2010

Sales

$0

$45,836

$65,270

Gross Margin

$0

$45,836

$65,270

Gross Margin %

0.00%

100.00%

100.00%

Operating Expenses

$0

$78,285

$80,634

 

 

 

 

Balance Sheet

 

 

 

 

2008

2009

2010

 

 

 

 

Current Assets

 

 

 

Cash

$0

$20,000

$5,000

Other Current Assets

$0

$0

$0

Total Current Assets

$0

$20,000

$5,000

 

 

 

 

Long-term Assets

 

 

 

Long-term Assets

$0

$250,000

$250,000

Accumulated Depreciation

$0

$35,870

$35,870

Total Long-term Assets

$0

$214,130

$214,130

 

 

 

 

Total Assets

$0

$234,130

$219,130

 

 

 

 

Current Liabilities

 

 

 

Accounts Payable

$0

$0

$0

Current Borrowing

$0

$0

$0

Other Current Liabilities (interest free)

$0

$0

$0

Total Current Liabilities

$0

$0

$0

 

 

 

 

Long-term Liabilities

$0

$25,882

$25,882

Total Liabilities

$0

$25,882

$25,882

 

 

 

 

Paid-in Capital

$0

$0

$0

Retained Earnings

$0

$208,248

$193,248

Earnings

$0

$0

$0

Total Capital

$0

$208,248

$193,248

 

 

 

 

Total Capital and Liabilities

$0

$234,130

$219,130

 

 

 

 

Other Inputs

 

 

 

Payment Days

0

0

0

3.0 Services

[COMPANY NAME] offers clean, superior quality, affordable lodging for Outdoors men and women in Walden, Colorado. [COMPANY NAME] has been in business for 66 years and is currently owned and operated by [NAME].

[NAME] is re-fashioning the motel with updated bathrooms, kitchens, electronics, interiors and superior quality bedding in order to provide guests with a clean, cozy, comfortable and affordable environment in which to rest at the end of a long sports filled day. In addition to twelve personal suites, all with kitchenettes, and six with full kitchens, [COMPANY NAME] offers the rental of a full six bedroom home that can also be rented partially with only three bedrooms.

[COMPANY NAME] plans to include the addition of an enclosed Hot Tub facility for guests to enjoy in the future as well.


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