Profit your hospitality abilities with a bed and breakfast business idea. Hospitality industry is highly rewarding, providing entrepreneurs an opportunity to run a successful business. Now convert your hospitality skills in to a lucrative bed and breakfast business. Use your time during COVID-19 pandemic wisely and start your home business with this opportunity.
THE BUSINESS IDEA
Bed and breakfast business is basically lodging accommodation that offers overnight housing and breakfast to the people that stay there. An average bed and breakfast business have 6 to 11 rooms. Private and family homes are best choice for the bed and breakfast business. It is niche of hospitality and travel business where you will be providing room and breakfast to the travelers and the guests. It is great business opportunity for you if your home is located in travelling destination.
Make sure to provide such facilities that will guarantee safety, relaxation of the guests and special atmosphere that will enable them to socialize. Your financing, marketing, branding, customer services and sales skills should be good. Moreover, administrative and operative skills are crucial. You should be determined and flexible. Using one of your apartment or family home implies that you won't spend enormous amount on obtaining or leasing a property to be utilized for the business. Beginning a bed and breakfast business is easy way to procure extra income for you and your family especially when you have enough rooms in your home.
Major challenges of bed and breakfast business are high-competitive market and customer expectations. Stand out of the crowd using smart marketing approaches and anticipating evolving customer needs. Customers always expect more and more from the vendors. Provide fantastic customer service and reward regular customers as well to build your base.
Your target market will comprise of local and international tourists, migrants, young couples, travelers, students, families and celebrities.
- Home: Having your own property comes with a lot of responsibilities but cut down the startup costs of the business. Moreover, you will earn more profit.
- Rental: Renting a property at a famous and traveler’s destination is an excellent choice.
- Website: Create your business website with perfect Search Engine Optimization to target potential customers across the globe.
- Social media: Attract a large number of audiences using social media platforms, particularly Youtube, Facebook, Pinterest, and Instagram, to promote your business with effective marketing content.
The startup cost for bed and breakfast business idea is high. However, the profit potential is high as hospitality industry provide entrepreneurs profitable opportunities to earn millions of dollars each year. Contact Business Titans to learn more about the potential revenues and costs to run this business.
THE KEY BENEFITS OF THIS PROJECT
- A business that allows you earn money while sitting at home with opportunities of socializing with interesting people.
- You can pick the schedule matching your financial requirements and personal needs.
- This business require minimum initial investment if you already own a property.
- High market potential using smart marketing strategy.
- High startup investment but with very high ROI.
Service 1 | Pre-Studies
Start your journey with one of our three Pre-Studies if you are not yet fully sure about your project:
Option1. Project Pre-Study: You have a business idea or consider to import/export a new product, but you need a qualified second opinion? Business Titans checks your business idea or project for you and provides a detailed analysis on the opportunity, its risks, feasibility and profitability.
Option2. Pre-Opening Plan: Do you need to get an overview of the detailed steps to implement your project? Entrepreneurs who wish to have on the operational level a sound overview of the steps they need to take to set up their new venture or product should look also into this option.
Option3. Project Exposé: Do you need a professional presentation to introduce your project to a demanding audience? Successful entrepreneurs understand that the presentation of an idea is as important as the idea itself. The approach Business Titans is applying is to send always an appealing Exposé of the project before sharing further details. Only if there is a vivid interest that you feel among your audience, you should share confidential documents such as Pre-Studies, Business Plans, etc.
Service 2 | Business Planning
Option 1. Business Plan Consulting: You draft the Business Plan with our Guidance, we review and enhance the final version. Business Titans supports you to develop a Business Plan. You draft your own Business Plan with our guidance. A senior member of Business Titans will then finalize your draft with enhancements, research data, adapting the contents and forms according to the expectations of the final recipients, including banks, lending partners, equity partners, landlords, insurers and regulators.
Option 2. Business Plan Outsourcing: In this option, the entire process, including the development of the business model and Business Plan is handled by Business Titans. You will be first interviewed to understand your vision, resources and capacity.The rest will all be done by us and presented to you for the last minor adaptations. This version gets a Business Titans certification to be used for 3 years (as long as there will be no major changes on the Business Plan).
Service 3 | Weekly Coaching
A Business Plan is (and should be) in a constant evolution. The more you get into your business environment, the more you are able to fine-tune it. However, the best Business Plan will not be more than a paper if you do not implement it in a disciplined and consistent way.
- Option 1: Try-Out Session
- Option 2: 2-Weeks Package
- Option 3: 4-Weeks Package
This is why Business Titans has extended its services with a Weekly Coaching dedicated for the step-by-step implementation of the Business Plan that we have developed together.