Ok. i am 18 years old and i have had this vision of starting my own chain of Hotels Restaurants and Casinos?

Question

July 7th i start school at the California Culinary Academy in San Francisco , California in the Hospitality and Restaurant Management i will be finished with school in september of next year.. i wish to start the hotel in two years and will do what ever it takes to fufill my vision.. I have a name and plans for what i would like my chain to have such as special amenities and things. i wanna know exactly what i need to start doing right now to be able to start my business.. I eventually want to have my chain of hotels restaurants and casinos spread throughout the country and then take the world by storm.

Answer 1

Well, if you have the property under agreement now, you should start the process of planning, zoning, and regulatory approvals. In an ideal world, with the right amount of political support, it might take 5 years to get the approvals that you need ... and I would estimate about $2 million in contributions, application fees, engineers, lawyers, etc.

Of course, casinos are a highly regulated business, so you would need to apply to the state casino commission, where the casino will be built, and wait until all of the approvals, investigations, etc. are complete ... about  2 years for most first time successful applications.

For a successful bid at a casino project, expect that you will need to secure $150M, minimum in funding, plus have the staying power for endless delays ... construction, regulatory, unions, special interest groups.

Trust me. Culinary school will not teach you what you need ot know for this type of venture ... maybe Wharton Business or Harvard Business would be a good start.

There is no shame in owning a small and successful business ... but unless you are papered BIG, you will not have a chance. The Bellagio in AC, NJ was a $1B project ... more than most can handle.

Find a small restaurant, have a consistant menu, and enjoy a nice living.

Answer 2

First get a job working in a few hotels. Work each and every job the people do. Then get a job working in a restaurant. Really understand it. Then after about 20 years of doing both go in for yourself. You might have to buy a small motel first and flip it for a small hotel.

Good luck, it won't happen over night.

Answer 3

You have the idea, the vision, GREAT!

Now put them on paper!

Start with only one project, one hotel, one casino, one... When it'll reach a level of success and popularity, then open another location.

Email me if you need help to get started. My team of consultants can help you make your dream come true but you must put the effort into it and do what it takes.

Answer 4

well u no everything u wna do so whats the Q??

Answer 5

ok as u done with one end of the things........like as special amenities and things etc etc..........

now  look at the other end..........

# market research(wat the costumer want and wat u can supply "unique", wat r the thing already  in market..etc etc...)

# check finance (investment....where u can bring it from.....bank, inverters..or get a franchisees )

# find a location for ur first model hotel(by which u have to became famous and earn a brand name)

# labor (how many u gonna put initially, how good they r at work, how u gonna pay for their wages....etc......refer human resources)

# calculate various expenses and pay back period

# And this is the era of TAKE OVER.......check out for hotels u can take over and put ur brand name.

Well this is only the small part.......and since u have chosen ur course accordingly...u will learn more tr....

My free advice( as advices arn't free) is......since u have a year to go...  put ur vision intact and plan through out the year and come out with something unique