A business plan is needed to create and design a new or existing business venture. The business plan is a document that encompasses all the basic elements important for a realistic view of a business venture and the expected results. The success of a business plan is not only measured by the quality of the plan, but mostly by the satisfactory business result that will arise by applying the plan over a certain period of time. The market needs to find a real business opportunity that will enable the success of a business venture. This paper presents a business plan for the management of a hostel in the area of Split and its surroundings and presents the basic financial parameters for quality management and improvement of the host business during the five-year period. The paper focuses on a business plan that aims to explore the feasibility and justification of opening such a hostel. By exploring the technical-technological, market and financial aspects of the realization of a business venture, it has come to the conclusion that opening a hostel as an entrepreneurial venture is profitable and financially justified. With quality promotion, rich entertainment, great location, professional staff and efficient business, this hostel is an attraction to attract many young people around the world all year round. This paper presents specific financial information for the business plan for the five-year period. Given the increased number of host accommodation users in Split and the surrounding area over the last four years and its expected growth over relevant indicators, it is expected that through full availability (> 95%) of accommodation capacity in season, affordability (> 80%), in the pre and post season as well as partial coverage (<50%) out of season earn project revenues that amount to a minimum of 40,000.00HRK with a tendency of growth over the projected period. In the projection of expenditures, it took into account the cost of gross salaries of employees with the calculated contributions. The largest part of the cost is the annual loan repayment, which is taken to make it easier and simpler to start business and to finance the initial costs of buying and arranging a business space-a flat in which a hostel will be opened.