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Investing In A Bed & Breakfast?

Apr 4, 2008
Staying in a bed & breakfast can be a great way to get away from the daily grind of your life. They are quite cozy too so you will feel more comfortable than staying in a traditional hotel setting. Many people look for bed & breakfast locations when they travel because they have a good reputation. However, there is plenty of work involved in operating a successful bed & breakfast that you need to be aware of.

Even if you love to cook and you are an excellent decorator and housekeeper, operating a bed & breakfast can be a challenge. You have to be able to keep people coming through the doors in order to turn a profit. If rooms are empty for the night you still have plenty of overhead costs including the mortgage on the place and utilities. Too many nights of not enough people staying at the bed & breakfast and the finances of the business will quickly become strained.

Take a look at the structure of your town. What does it offer that will draw people to the area to stay in your bed & breakfast? You may get some business when people plan to come visit family and friends for vacations or to attend a wedding. If your town doesn't offer too many attractions though, you may not have enough ongoing business to operate a successful bed & breakfast location

If there are other bed & breakfast locations in your area, find out how their business is doing. There may not be room in your area for another business that offers the same services. However, if they have a demand they can't keep up with then you may be able to take on some of the business they have to turn away with your bed & breakfast.

You will need to invest money for advertising purposes if you want to have a successful bed & breakfast location. You may offer the very best one around but if people don't know what you have to offer then they can't make a reservation. There are plenty of different methods for advertising you want to be a part of. Make sure your bed & breakfast can be found online with great pictures of what it has to offer. You also need to advertise in newspapers and travel guides.

Don't forget to offer an open house of your bed & breakfast too. This way local people in town can see what you have to offer. They may want to get out of their own house for a romantic weekend. Once they see what you have available they will be more likely to recommend it to people they know traveling to the area as well.

Take an honest look at your other commitments to see if a bed & breakfast is really going to work for you. It will require you to get up very early in the morning so you can serve a wonderful breakfast to your guests. You will also need to be available to meet all the needs of your guests, no matter what they may be. If you aren't willing to put your time into your bed & breakfast you won't be happy and it won't be a successful business for you.

You will need to work extremely hard so your bed & breakfast is a success. You will need to be able to keep all of your guests happy. Their needs will all be different. You might decide that the bed & breakfast industry is just not for you. It is better to know this now, before you decide to put your money into this business.
About the Author
Patti Rob - entrepreneur, author, and Bed and Breakfast industry enthusiast. Visit the website to discover why most new B&B enthusiasts fail to reach their business dreams.
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