Set up & Restart
We lay the foundations for your hospitality business
Creating a new hospitality business requires being in love with our project, believing in it Francesc Beltri_ CEO and Chef
Identity, essence and personality, key points, falling in love
Creating a new hospitality business requires being in love with our project, believing in it and knowing its identity, essence and personality, key points that will allow us to define its conceptualization. In this process of identity, our goal is to achieve a love at first sight with our customers, through:
- The space, design, warmth and harmony of the atmosphere
- The content of the offer, price setting
- The staging
- The brand we want to project
- The attention offered and the communication and details
The decisions made in this phase of the project will determine whether we can achieve the established objectives, so we must reflect and think with prudence and wisdom as the choices will determine the investment cycle, operation and viability of the project.
Investment and operation cycle, economic viability
There is no perfect equation for a hospitality business that allows us to achieve success, each project has its own. However, the goal to be achieved is common to all of them: to cover the planned investment and operation cycle in order to obtain the result that allows us to make the project profitable. For this, we must pay special attention to each of its components, so we must foresee, plan and anticipate. Only in this way will we achieve the established economic benefit, which will translate into economic sustainability.
If we fail to achieve this part of the business, it means that it does not work, either in its entirety or because one of its components is not well dimensioned.
In this phase of the project, we need to do the numbers and define the internal control tools:
- Economic plan of the business
- Investment and operation cycle
- Income and expense budget
The calculation of operating costs must be rigorous and accurate, which will allow us to know the functioning of the project and its economic viability. Likewise, general expenses must be coherent and affordable in the established proportion, considering that any undefined variation will directly affect the profit we want to obtain.
Bites of success
Plan, anticipate, take advantage of seasonality, reinvest. Raúl Ballve_ CEO and Financial AnalystLet's talk