Critical Succes Factors Behind the Hotel Growth

There is clear evidence to say that special circumstances make small business growth different. These circumstances included the socio-economic level of the people, political uncertainty, identity and cultural differences. Any business might be affected by these situations in either a negative or positive way. However, some firms turn the situation into an opportunity and used it as a new challenge for future developments. Many factors influence the growth pattern and achievement of success. A combination of factors plays a huge role in the successful growth. Growth will be the result of long-term achievement and hard work. Entrepreneurs should be prepared not only to plan hotel growth but also be prepared to make it happen. To achieve this, entrepreneurs should be equipped not only with management and conceptual skills but also with the necessary political, negotiating and networking skills. Linking with this issue, entrepreneurs who wish to grow should be aware of the influence and importance of the factor’s combinations and implementation process.