A Business Plan for Bed & Breakfast Owners

by : Stewart Whyte with Wal Reynolds

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This companion book expands on the importance of writing your business plan as mentioned in the title; Starting and Running a Bed & Breakfast in Australia and New Zealand - A practical guide to setting up and managing a Bed & Breakfast business. 

This book assumes that you are already in the accommodation industry, in particular; bed & breakfast, a farmstay or a guesthouse. If you are not in these categories, but are contemplating entry into this industry then we suggest you purchase the title; Feasibility Study for Aspiring Bed & Breakfast Operators. 

A Business Plan for Bed & Breakfast Owners assists you in developing a workable plan that will get you to where you want to be.

The reality of not having your very own business plan could be likened to the guest who sets out on their journey without a road map - they never know where they are, where they want to go, or how to get there. 

The reason why many businesses fail and never reach their destination is because they did not bother to write a business plan. This is why this book has been written.

The main message being that without a considered and well thought out roadmap you will be lost on your business journey and fail to reach your goal of becoming a successful bed & breakfast operator.

Running your bed & breakfast business requires thoughtful planning, commitment, perseverance, responsibility, self-confidence and plain commonsense. The contents of this book act as your guide to success.

Recent research confirms that businesses with a business plan achieve 60% higher revenue and profit growth than those who don't.

Your business plan must be unique to you and your market. It is your own confidential management tool that will assist you in maintaining your bed & breakfast as a viable proposition. The business plan template we are presenting in this book can be adopted anywhere in the world as the disciplines and commitment required to be a viable bed & breakfast are the same everywhere. 

It will help you to develop:

• A strategic vision of your business 
• A document to obtain capital (if applicable) 
• An instrument for measuring performance 
• A platform for solid decision-making 
• Methods to motivate yourself and your employees! 

This publication is the second of a series of companion booklets to the title: ' Starting and Running a B&B in Australia and New Zealand - A practical guide to setting up and managing a Bed & Breakfast business' by Stewart Whyte.

As with all companion booklets, I carefully select co-authors who have particular knowledge on the subject. To that end I asked Wal Reynolds B.Com. to co-author this publication with me. Wal and I have already successfully written and released the first companion booklet in the series, 'A Feasibility Study for Aspiring Bed & Breakfast Operators'.

For ongoing information on Bed & Breakfast, please contact us.

Our hope is that through this new booklet we can show you the universal key to success - by writing and effectively using your own business plan. 

Until next time

Stewart

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