Hosting the games in Whistler, is a huge business opportunity. We encourage you to plan ahead and have a strategy for the Games! Businesses with a solid business plan for the Games will benefit the most.
Things to think about:
Imagine that there will be more people here in Whistler than we have ever seen on our busiest day. Add to that and multiply it by 17+ days. What are the opportunities for your business?
W 1. What are your options?
a. Run your business ‘above’ usual
b. Operate your business and rent out to certain groups
c. Vacate your business space and sub-lease to a group associated with the Games
<!- 2. What are the pros and cons for each option? Evaluate strategic and operational opportunities and challenges, such as short term versus long term revenue potential, marketing opportunities, operational constraints, staffing, personal preferences, etc.)
3. Use online business planning tools, e.g.
a. Canada Business – Interactive Business Planner http://www.canadabusiness.ca/ibp/home_en.cfm
b. Community Futures http://www.cfdchs.com/resources/resources.htm
c. Women’s Enterprise Centre http://www.wecm.ca/startup_busplan.html
<!- 4. Calculate the revenue potential of each option. For more detailed planning, calculate revenue numbers for different scenarios.
<!- 5. Calculate the expenses for each option, including potential moving costs, storage of inventory, utilities, HR costs, etc. Also, factor in loss of wages for owner/operators and potentially losing valuable employees.
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