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B&B's are cash cows

By unknown | Mar 20, 2008 | COMMENTS [ 0 ]

Bed-and-breakfast establishments are becoming very popular home-based businesses.

Bed-and-breakfast establishments are becoming very popular home-based businesses.

If you are domesticated, then a bed and breakfast (B&B) might be just the business for you. All you need is a spare bedroom or bedrooms, a flair for cooking and an outgoing personality.

A B&B offers guests a homey, cozy atmosphere at the same or slightly lower cost of hotels.

When some people go on holiday they prefer staying at a B&B because they want to get away from the sterilised atmosphere and uniformity of hotels and motels.

So if you have an extra bedroom or two, a large home or extra space on your farmhouse, you have the necessary beginnings to start making extra cash as a B&B entrepreneur.

Location is also important if you want to run a successful B&B.

Profitability is directly tied to occupancy. If you are close to an urban area, you will draw regular business travellers.

Home-cooked meals and keeping things neat, fresh, and orderly are prerequisites for repeat business. Word-of-mouth advertising is also very important for the B&B business.

If you want to get into this type of business, you will be doing the things you normally do at home anyway. You must be flexible to any sudden changes, be able to make quick, alternative plans and must respond calmly and quickly to any crisis.

To make your service more special and exciting, you can offer visitors, especially foreigners, a quick tour of some of the interesting sights in your area. You will probably find that foreign visitors will want to stay for several days.


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