There are two major ways of entering the hotel business and they largely depend on the capital available to the prospective business owner and the end product that is desired. Condominium hotel are similar to timeshare but the difference between the two lies in the type of ownership. In my opinion the best start up business in Nigeria will be online using the population to play the number game or ask seun how far?
So you end up with ideas sitting in your head not realizing your dream. Business Ideas In Nigeria by Dpharisee: Operations Plan How will you run the hotel? Business Ideas In Nigeria by akinmusi m: Negotiate and acquire it except you already have a property in a good area. This is needed as investors want to be sure you really understand the hotel industry.
I learnt that the business not to do in Nigeria is any production that depends mainly on electricity. Living room, bedroom, guest rooms, small kitchen with kitchen utensilslaundry unit equipped with washing machinerestaurants, house attendants for house keeping.
Let us take a look at the different modes of entry in to the hotel business. You will need Laundry men whose duty would be to wash all the bed-sheets, the towels, and the curtains.
Let me briefly throw some light on this as it is key in determining what kind of hotel you want to invest in. It will be difficult, in fact almost impossible for a business to thrive without proper publicity measures. By way of definition, a franchise is the authorization given to a business to operate as a branch of a mother company, even though it is operated by a totally different entity.
Another great advantage of this is that the business owner is able to glean from the experiences of the mother company and can use these to properly set up his business before standing on his own. Choose your name very carefully! Most Nigeria local hotels falls into these class, only that they fails to provide breakfast which is usually part of these hotels services.
Be careful of these bad practices. It will help improve your profits by great measures. You have thought out an amazing concept delivering unparalleled guest service.
Once you have chosen a name, visit the Corporate Affairs Commission CAC which is the body responsible for registering businesses in Nigeria, to carry out the necessary processes involved in registration.
Some of the staff you will need are bar attendants, waiters, cleaners, laundry men, receptionists, accountants, etc.But until you finish your business plan, you will not be able to get the financing either. So you end up with ideas sitting in your head not realizing your dream.
Really it is not that difficult to make a good hotel business plan/5(). If you cannot write a Frozen Food business plan for yourself, you can buy our Hotel business plan in Nigeria.
To place order, pay N15, to: BANK NAME: FIRST BANK PLC ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM ACCOUNT NUMBER: After payment, text your full name, email address and title (hotel. In my opinion the best start up business in Nigeria will be online (using the population to play the number game or ask seun how far?) Agriculture either animals: poultry or serious giant farms (fab soil, lots of sunshine and number game again), I like insurance too not sure it can be started with little capital sha o.
Hotel business is one of the most lucrative businesses in Nigeria if you know what you are doing and of course, you are doing it right. While some people will say it is not that lucrative, I beg to differ except of course if you set it up without doing your research well.
This sample Hotel Business Plan In Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Hotel Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
You don't need hundreds of millions of naira to start a hotel business in Nigeria. This report details how to start small hotel and grow to big five star.Download