If the enterprise is a part-time or sideline business, its location, operation and technical demands fit into existing operations. It also complements and expands the sales of the other enterprises. Summary Developing a successful recreation or tourism business requires a great deal of thought and effort. The time, money and energy spent in examining the feasibility of an enterprise will pay greater dividends than any other preliminary activity. The time and effort spent on this examination should increase in proportion to the size of the proposed business.
Considerable assistance is available from public agencies and private consulting firms.
However, you will be better informed about the business and better prepared to manage it if you personally do as much of the feasibility study as possible. The actual business will be determined by your interests and ability, the resources available to you and the market. When a reasonable business plan has been developed, give it time to mature. Always be alert, however, for possible adjustments in your enterprise, particularly during the preliminary period. This information is for educational purposes only.