Reference no: EM132859316
If locating a new hotel in the area of Halifax and Sydney in Canada is being planned, A short essay about business plan development and industrial description is required specifying some key factors such as
-The size of the hotel industry and how many sectors it includes;
- Key information on industry markets, demographics and niche areas;
- Who the major players are in industry - competition;
- The suppliers and/or distributors in your industry, if applicable;
- Key industry and economic trends affecting your industry;
- Any social, cultural, environmental or geographical factors that impact the industry;
- What certifications (e.g. ISO), insurance and industry regulations are required;
- An outline of government regulations affecting your industry; and
- The overall growth potential of the industry.demonstrate that the risks are analyzed and know where the new business fits in this industry. Points to include here should include:
-What sector of the industry you plan to enter or expand into;
-What will distinguish you from any competition in this area, i.e. what's your competitive edge;
-Who your direct and indirect competitors are and their anticipated reactions to your new enterprise; and
-A detailed analysis of any other potential obstacles/risks. also identify weak links and/or difficult issues, and include any appropriate contingency plans in your industry description. possible references are required