Is it even possible for a 21 year old to obtain a large enough loan to construct their own hotel?
Q. I've considered starting my own business when I graduate in a year or two. I've always wanted to go into hospitality and I've always wanted to start my own business. Figured I would investigate opening and possibly flagging my own hotel it under Wyndum or Choice hotels. Any one have any expirence obtaining such a larger loan at such a young age?
A. not without a high paying job already, excellent credit, a business plan, and probably substantial money of your own and probably more things I'm not thinking of
never going to happen at your age and level of work inexperience
if you want to go that way eventually - you need to get a degree in the Hospitality field and then get a lot of years experience WORKING in that field - from the ground up, so you have some idea what you are doing - save you money and buy a small motel near an area where people USE hotels a lot for a lot more than just a few months in summer - that alone would take 80+ hours a week of your time
never going to happen at your age and level of work inexperience
if you want to go that way eventually - you need to get a degree in the Hospitality field and then get a lot of years experience WORKING in that field - from the ground up, so you have some idea what you are doing - save you money and buy a small motel near an area where people USE hotels a lot for a lot more than just a few months in summer - that alone would take 80+ hours a week of your time
What is the best stock to buy right now?
Q. I am just curious as to some answers. I am currently thinking of Disney, Microsoft, EEE, EVCA, Choice Hotels International and Google. Please give me some other good suggestions. Thanks so much!
Thanks so much, I guess yeah then what will be good for the future as well?
Thanks so much, I guess yeah then what will be good for the future as well?
A. When the economy is tough and people stop spending is the time to buy stock in companies that deal in basics. Kelloggs, Kraft, Hormel and so on. People give up a lot but not eating
Microsoft is going the way of the Dinasour. Stock is not worth much that the company had to stop awarding shares to employees and instead pay them in cash bonuses. Google is struggling as are Hotels. You need to be reading the financial news on companies before investing a penny
Microsoft is going the way of the Dinasour. Stock is not worth much that the company had to stop awarding shares to employees and instead pay them in cash bonuses. Google is struggling as are Hotels. You need to be reading the financial news on companies before investing a penny
What is it called when companies own numerous stores?
Q. For example Gap owns Old Navy and Banana Republic;
Sears owns K-mart.
There are also other types of companies that do this like Choice Hotels.
Or can you name any others?
Sears owns K-mart.
There are also other types of companies that do this like Choice Hotels.
Or can you name any others?
A. Parent company
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