Goal 1 – Creating Sustainable and Profitable Businesses TASMANIAN HOSPITALITY INDUSTRY 2030 PLAN
OUR BUSINESS OWNERS AND OPERATORS ARE SKILLED AND CAPABLE The Tasmanian Hospitality Industry is projected to grow as it moves beyond the pandemic and ensuring new and existing businesses are profitable and sustainable is critical to ensuring the industry as a whole remains viable. The failure of start-up businesses in the hospitality industry is a tragedy for those who are willing to take up the challenge and are prepared to have a go. More often than not, however, these failures arise where the business owners are not fully aware of the challenges they will face and the regulatory requirements they must comply with. History has also shown that poor quality and poorly planned businesses can have a negative impact on the perception of the industry, which can have a flow on effect to existing, compliant businesses.
The industry can also be stressful, with heavy demands on business owners, operators and their staff as they work hard to provide an enjoyable experience in a time poor situation, and more often than not, in a competitive market and on very tight financial margins. The complexity of the regulatory environment also places substantial obligations on business owners and operators and awareness of these responsibilities is essential in managing a successful hospitality business. To be successful in this environment therefore it is essential that the business owners and operators have the skills, capabilities and knowledge to be able to effectively manage their businesses and a key objective will be to ensure all business owners and operators, including start up businesses, have access to guidance, training and support, so that they can be successful into the future.
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