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Can be Run from Home?
Yes Success Potential Difficult, unless you are in a tourist area Bed and breakfast inns continue to spring up all over the country, and the number is rising.
Inthere were only bed and breakfast inns in the United States. That number is over 17, today. Basically, bed and breakfast is a transplant of European hospitality, adapted and refined to the American way of doing things. This growing trend services a type of customer who travels but wants a change of pace from the traditional hotel stay.
It might be the corporate traveler, who may prefer the bed and breakfast inn to a hotel when it is convenient to their destination. For leisure travelers, the bed and breakfast inn may be the destination in and of itself when located near a popular or desirable vacation spot.
What a bed and breakfast inn offers customers is a homey, cozy atmosphere at typically the same or slightly lower cost as a comparable hotel. Generally, they enjoy visiting with the people off the superhighway and want to get away from the sterilized atmosphere and sameness of hotels and motels.
If you have an extra bedroom, a large home or extra space in your farmhouse, you have the necessary beginnings to start making extra income as a Bed and Breakfast Inn. Keys to Success in the Bed and Breakfast Business Two things are key to a successful bed and breakfast inn: Profitability is directly tied to occupancy rate, and so the more desirable the area is for vacationers, or the closer it is to an urban area which draws regular business travelers, the greater the chances for making money.
In any case, a bed and breakfast with four or fewer guest rooms will have a more difficult time being profitable, a according to the Professional Association of Innkeepers.
Given a good location and adequate number of rooms, your ability to provide the ultimate in hospitality will be a powerful marketing factor in your bed and breakfast business. Being friendly to all types of guests at all times and responding to their needs — even demanding ones — is essential.
Also, cooking home-cooked meals, and keeping things neat, fresh, and orderly are prerequisites for repeat customers. And with word of mouth advertising so important in a service business like this, providing the extra touches, like turning the beds down or fresh flowers in the rooms, is another smart marketing tool.
And finally, bed and breakfast inn owners need to be prepared to do the things they normally do at home anyway — be flexible to sudden changes, ready to generate an alternative plan, and respond calmly and quickly to crisis.
If your visitors are already familiar with the area, you may wish to devise new strategies to highlight the unique features of the place. You greet them as host or hostess and offer to assist them in getting situated in the room or rooms you have for them.
And then in the morning, serve them a big, delicious breakfast. Whatever, if they want to sleep comfortably through the night, eat breakfast and be on their way, so be it. If they want to sit around after breakfast and plan an itinerary for a complete visit of your area, your assistance and help will be greatly appreciated.
And you can parlay it into a very interesting and comfort able income producing business — all from the comforts of your own home! Bed and breakfast inn owners have the opportunity to live in a desirable location and spend the majority of their time in the home that they have worked so hard to decorate and maintain.
They can have their children at home; children can also become involved in the business. They have the opportunity to meet all kinds of interesting people from around the United States and possibly the world.
And the expenses of running a home become tax deductible, i. The obligations for these benefits, however, are the fact that you need to be at home all day seven days a week, with a telephone nearby at all times.
Any time away, like a day off or a vacation, needs to be well planned with a highly reliable replacement hired. The investment for a bed and breakfast inn will vary substantially depending on if you already own the home or not, and the renovating costs in the area in which you business is located.
Room rates will also vary due to geographic location. As mentioned earlier, occupancy rates will be key to profitability. Marketing Your Bed and Breakfast Business If becoming a bed and breakfast inn owner is for you, begin by getting your business listed in as many travel and guidebooks as possible.
Make contact with local travel and reservation agents and become a part of their regular referrals. For their services, they will expect between a 10 and 35 percent commission off your room rate. Most people will either write to you ahead of time, inquiring about the possibilities of staying at your home while in your town or city.
Some people will check the local telephone listings, and the newspaper advertisements when they arrive in a strange town. And some people will just be driving across the country, come to a town or city they think is interesting, and start driving through the residential areas looking for Bed and Breakfast Inns.
Thus, you should have a small sign posted either in your front yard or on the front of your house.Coach House Bed and Breakfast bed and breakfast business plan executive summary. Coach House Bed and Breakfast is an ongoing B&B with new management off the shores of Savannah.
Business template best plan writers in southca image bed and breakfast choicecan movies. Business template best plan writers in south africa 20 free sop templates to make recording processes quick and painless image african. Vineyard Bed and Breakfast Business Plan Executive Summary The Enchanted Vineyard Bed & Breakfast is a charming bed and breakfast (B&B) located in the Lorane Valley, outside of Eugene, OR.
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About this business plan. EvergreenTV Productions, Inc. has three divisions. The home division creates video scrapbooks set to music. The tour and travel division maintains an open mind to new video projects to meet their client's needs.
Bed and Breakfast Business Plan by BPlans – This is really just a sample business plan for a bed and breakfast. This may not be fresh info for you, but a scan through might help you get some creative ideas for your B&B or inn, including audience segmentation.