Buy a B&B
Here's To Your Profitable
Bed And Breakfast
Buy a B&B
It takes a special kind of person to successfully buy a B&B. Even someone experienced in other forms of business wonít be able to simply waltz in and take over. This is the kind of venture that starts best as a dream. You have to truly want it, especially if you plan to be using your very own home. Even experienced B&B owners are encouraged to acquire outside information from time to time. Guests continuously change over time and so do their requirements.
One of the most common mistakes people make when they buy a B&B is buying the wrong piece of property. Often the regular upkeep of a large property or the maintenance of an older one can become overwhelming to those just starting out. Most B&Bís donít start turning a large profit in the first year. It takes time to work your way up when you have overhead and staff expenses. Property expenses are high, consider them carefully. Running a bed and breakfast is not as simple as catering to guests. It goes much deeper beyond that common misconception.
Itís important to be realistic about your strengths and weaknesses. Knowing and understanding your limits can save you time, money and trouble later on. There are a number of seminars available on how to buy a B&B as well as courses and programs. You may find these to be helpful as they can point out aspects you may have overlooked and supply tips and advice that may prove useful later. And for the completely clueless it can give you that much needed push in the right direction. Make sure you know what resources are available to you and take advantage of all information. It can be just what you need to succeed as an innkeeper.
The statistics don't lie!
Most new Bed & Breakfast don't generate the revenues the owners thought they would! A little insider information might be ALL that is standing between a profitable b&b, and becoming another struggling statistic!
Before you spend a small fortune opening (or buying) your b&b, we suggest you try our "B&B Business Quiz"
Find out whether your B&B industry information is up-to-date, or is it based on a training book that was written 20 years ago. (Things have changed greatly in this industry. Unfortunately, most of the training has not!)
Take Our B&B Business Quiz (click here)!
There have been a few unfortunate events that led us to sit down and write our ebook. It is our hope that another unsuspecting rookie owner won't lose their dreams due to a lack of good, current information. To read more of that story click here
Patricia and Robert Farnham
(authors of "Bed and Breakfast Profits)
(We really LOVE bed and breakfasts)
More Related B&B Reading:
Before making any large and sudden changes regarding bed and breakfast ownership, you should look into B&B training. Most colleges and universities offer courses and programs on business management. There is no obligation to obtain a degree or a higher level of achievement just to learn the basics. Education is the f
(read the complete b&b article.)
Do You Have What It Takes To Become A Successful,
Profitable B&B Owner/Operator!
(click here to find out)
More Readers Comments
You have brought my attention to many business details I hadn't previously considered. Much of what I read was good ole' common sense. You reminded me that running our b&b isn't that much different from any other business. Thanks for the reminder.
Please let us know if you write a follow-up
Billy and Myrna P
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"Buy a B&B"