ashland-bb.jpgOwning a Bed and Breakfast is the ultimate Home Based Business whether you use a couple of rooms in your own house or purchase a major B&B operation with ten bedrooms or more to generate a solid income. There are more opportunities now for B&B providers to make a secure living using their cooking and home-making skills, and at the same time meeting many interesting people. If you are “SUITED” for the business of B&B the next step is to decide where you want to be located and what type of business do you want your Bed and Breakfast to be.

ARE YOU SUITED FOR THE BUSINESS?
Do you have an interest in people and enjoy listening to all their problems?
Do you like having guests staying in your house or do you find it an intrusion into your privacy?
Do you mind being on call 24 hours a day?
Can you think on your feet when faced with real problems?

LOCATION - LOCATION - LOCATION:
Where you would like to live/have your business, Coastal, Rural or Urban. An important point to consider with the Coastal and Rural locations is that people tend to only visit these locations seasonally - when the weather is good and rarely visit in the “off-season” (i.e. November - April).

The secret to success in any new business is proper training. This is especially true with a Bed & Breakfast business. Most people enter into the trade without proper knowledge of it and then many fail as a result.
How can you be expected to know things such as:

  • How many rooms do I need for a profitable B&B?
  • Where do I start looking for a “GOOD” B&B?
  • How do I produce a Business Plan and Cash flow Forecast?
  • What is the difference between changeover and daily service?
  • What do I have to do about VAT?
  • How do I keep up with all the laundry?
  • How do I cook healthy meals for everyone?
  • What are the risks in having a bar license?
  • How do I market my B&B?