Concept, Design And Feasibility I

1. Comprehend how to start a tourism business
2. Understand the techniques of writing a feasibility report
3. List key considerations when writing a tourism business plan
4. Develop and write an acceptable tourism business plan
5. Understand simple cash flow forecasts for tourism business

13 weeks, about 28 hours in total. Yours will differ.

1. Week 1Module 1:

   • Unit 1: Tourism, Entrepreneurship and Innovation · 2 hours

     Understand the nature of tourism, including its demand and supply.. Explore the roles of tourism entrepreneurs and the importance of innovation.. Differentiate between tourism entrepreneurship and entrepreneur..

2. Week 2Module 1:

   • Unit 2: Tourism Business Feasibility Study · 2 hours

     Learn the uses of tourism business feasibility studies.. Identify key segments in a tourism investment feasibility study.. Explore information collection methods for feasibility studies..

3. Week 3Module 1:

   • Unit 3: Tourism Project Feasibility Report · 2 hours

     Understand the contents of a tourism project feasibility report.. Identify the features of a tourism project feasibility report.. Practice writing a feasibility report..

4. Week 4Module 1:

   • Unit 4: Tourism Project Funding · 2 hours

     Explore sources of tourism project funding.. Analyze the uses of tourism project funding.. Understand cash flow statements..

5. Week 5Module 1:

   • Unit 5: Tourism Business Plan and Planning · 2 hours

     Overview of a business plan.. Identify types of business plans.. Understand the steps in the business plan process..

6. Week 6Module 2:

   • Unit 1: Tourism Business Simple Cash Flow Forecasts · 2 hours

     Understand the significance of cash flow forecasts.. Identify and understand simple cash flow principles.. Apply the principles of cash flow when developing a cash flow statement..

7. Week 7Module 2:

   • Unit 2: Tourism Project Cycle Management and Application · 2 hours

     Describe the process of project cycle management.. Understand the application of project management by the World Bank.. Analyze the project cycle stages..

8. Week 8Module 2:

   • Unit 3: Tourism Project Planning and Control · 2 hours

     Understand project planning and control.. Learn to manage projects as closed systems.. Improve scheduling of project tasks..

9. Week 9Module 2:

   • Unit 4: Tourism Business Financing and Objectives · 2 hours

     Explain the principle of financial analysis.. Describe the roles of credit officers.. Investigate loan requirements of a project..

10. Week 10Module 2:

    • Unit 5: Tourism Business Financing and Related Risks · 2 hours

      Discuss the risk minimization process.. Identify types of risks.. Understand risks common to both construction and operational phases..

11. Week 11Module 3:

    • Unit 1: Tourism Business Financial Cost and Benefits Analysis · 2 hours

      Explain the theory of cost-benefit analysis.. State the importance of cost-benefit analysis.. Discuss the various methods of estimating costs..

12. Week 12Module 3:

    • Unit 2: Tourism Business Breakeven Analysis · 2 hours

      Discuss what break-even point defines when an investment will generate a positive return.. Illustrate the fact that total fixed costs do not change as the level of production increases.. Apply break-even analysis to investment decisions..

13. Week 13Module 3:

    • Unit 3: Tourism Project Financial Statements · 2 hours

      Describe cash flow statements.. Explain the various changes that occur over the period on the balance sheet.. Understand the core element in working capital: the management of cash flows..

    • Unit 4: Tourism Project Budgeting Techniques · 2 hours

      State the purposes of cash budgeting.. Discuss the various types of cash budgeting.. Compute a cash budget..