1.

Industry overview
An industry is a collection of businesses that are connected by their main lines of
activity. There are numerous categories of industries in contemporary economies.
Sectors are generally used to combine together bigger groups of industry
classifications (GORTON, 2022).

With a sharp rise in foreign travel in recent years, Nepal's market for luxury hotels
and resorts is expanding. Dwarika's Hotel, Tiger Mountain Pokhara Lodge, and
Hyatt Regency Kathmandu are three significant participants in the market. The
competitive industry structure includes both domestic and foreign competitors.
The management of human resources, infrastructure development, and political
instability are significant challenges. However, there are opportunities for eco-
friendly, sustainable, and adventure tourism. With the potential for high room
rates and extra revenue streams, our luxury hotel may be highly profitable. The
forecast for the future is promising, with the possibility of continuous tourism
growth, particularly during the post-pandemic recovery.

1.2. Business idea

Northlake Resort and Hotel is a premier vacation destination nestled in the heart
of a picturesque landscape. We offer guests a wide range of luxurious
accommodations and amenities, including fine dining, recreational facilities,
event venues, and spa services. Our dedicated staff is committed to providing
unparalleled service and ensuring that every guest enjoys a memorable and
relaxing stay. Come discover the beauty and tranquility of Northlake Resort and
Hotel.

1.3. Form of business

Our hotel business will be owned and run as a partnership between Hotel Barahi,
Kunjan, Somnath, and myself (Prashant).
A business partnership is a contract that establishes shared ownership and
management of a company between two or more entities (KOPP, 2023).
1.4. Idea hypotheses
We are introducing a hotel and resort Northlake to meet the growing demand for
upmarket living in Nepal's growing tourism industry. Despite the industry's current
shortage of eco-friendly and sustainable tourism experiences, many travelers
seek for a wide range of lavish options. Our suggested solution is to offer a
luxury hotel that combines high-end amenities with environmentally friendly
practices and cultural immersion in order to give visitors a unique and alluring
experience. There is a huge untapped market for luxury tourism because of
Nepal's favorable location and rich cultural heritage. By taking advantage of this
opportunity and filling a market need, our enterprise has the potential to be both
essential and feasible in the industry.

1.5. Mission statement

Providing outstanding guest experiences while upholding a commitment to
environmental sustainability and community development will help us become
the area's top luxury resort and hotel.

1.6. Vision statement

To deliver world-class hospitality, opulent lodging, and distinctive amenities to our
visitors, all while upholding our commitment to environmental sustainability and
helping out the neighborhood. Every employee should feel pleased and satisfied
in their work, and we work hard to foster a warm and friendly environment where
everyone feels respected and cared for.

1.7. Objectives of the company

 To establish a strong brand presence in Nepal's luxury tourism market, cultivate a
devoted clientele, and promote a positive reputation within the sector.
 To attain high occupancy rates and produce income through a range of sources,
such as reservations for rooms, food and drink, events, and other services.
  Developing a positive workplace culture and encouraging a sense of pride and
ownership among employees in order to maintain a high level of employee
satisfaction and retention
 To support local businesses and initiatives, hire local staff, and source local
products in order to contribute to the local economy and community.
 To do business in a way that respects the environment, reducing the hotel's
carbon footprint and encouraging sustainable habits that are good for both the
environment and the neighborhood.

1.8. Organization structure

A team organizational structure is intended to challenge the conventional
hierarchy by emphasizing cooperation, problem-solving, and providing
employees more power (chart, 2023).

Figure 1 example of team structure

A team structure provides for a collaborative and adaptable management style,

making it a wise choice for a luxury hotel and resort in Nepal. This organizational
structure facilitates effective decision-making and clear communication while
empowering staff to own their responsibilities and contribute to the hotel's
success as a whole.
1.9. Organization culture
The key ideals of great service, cultural immersion, sustainability, and community
involvement will serve as the foundation of the organizational culture of our
Northlake in Nepal. With a focus on establishing a healthy workplace culture and
supporting creativity and innovation, the leadership style will be collaborative and
empowering. Open, transparent, and inclusive communication will be practiced,
and there will be regular team meetings and chances for suggestions and
comments. A variety of stakeholders will be involved in the decision-making
process, with an emphasis on data-driven analysis and consensus-building.
Employee engagement will focus on work-life balance and overall wellbeing, as
well as continual training and development, opportunities for growth, and
progress. In general, the culture will put a high priority on the enjoyment of both
guests and employees while also encouraging a strong sense of social
responsibility and environmental care.

1.10. Pre-operating activities

We must finish a number of pre-operating tasks before we can open our
Northlake hotel and resort in Nepal. The completion of all necessary renovations
and construction, finalizing the location choice, choosing and purchasing the
necessary equipment, choosing and purchasing the necessary supplies for food,
beverages, and other necessities, creating an effective marketing and sales plan,
hiring and training staff, and establishing efficient policies and procedures for
daily operations are among them. To ensure a beneficial influence on the
neighborhood and local economy, we will also need to forge strong connections
with nearby businesses and stakeholders. Our luxury hotel and resort can be
successfully and profitably launched if these pre-operating tasks are carefully
planned and carried out.

1.11. Brief profile of