HOSP410 Discussions Week 3

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HOSP410 Discussions Week 3
Finance and leasing are very important to the overall success of a restaurant. It starts with…

 

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HOSP410 Discussions Week 3

HOSP410 Discussions Week 3

All Students Posts 47 Pages 

Financing and Leasing – 24 Pages 

Finance and leasing are very important to the overall success of a restaurant. It starts with securing capital funds. What are some key areas of consideration when presenting a financial plan to a group of investors? What are some do’s and don’t’s?…

When presenting to investors be prepared to answer any questions that they may have for you. Have a good pitch line that immediately grabs their attention. Make sure your that whatever you propose is backed up by substantial evidence. Spend some time and money on market research. Don’t waste time on talking about the problems, rather spend time talking about the solution to the problem. Let your investors know that you have put the word out that you are looking for investors and that they are not the only company that is interested in possibly investing in your venture. Don’t try to con them into investing but be honest and just stay with the facts. Watch your body language. Avoid hand gestures that make you seem more nervous than confident. Have answers to any questions that you think they may want to ask you and be prepared to answer. Don’t be intimidated…

Legal and Tax Matters – 23 Pages 

Understanding taxes is not only important to the success of the restaurant, it is also important for the owner to avoid tax mistakes that can cost a lot of money in penalties. What are some examples of legitimate business expenses that are tax deductible? Be sure to visit the corresponding chapter for information, and don’t forget to cite your sources in your posts…

Legitimate expenses must be ordinary things that have to do with the business or trade. It also must be necessary meaning appropriate to be labeled a business expense. General and administrative expenses like office supplies is an example of this. Also related travel expenses and…

10 Steps to Starting a Business

Starting a business involves planning, making key financial decisions and completing a series of legal activities. The 10 steps below can help you plan, prepare and manage your business…