These four books cover the majority of areas that one needs to be aware of in the running of your Bed & Breakfast business.
How to Start and Run a B&B
Author: Stewart Whyte
The growth in popularity of visitors choosing to stay in Home Hosted accommodation is a success story is a success story in most parts of the world. This has been mostly bought about by the impact of the international reservation platforms using the Internet as the vehicle to promote this form of accommodation.
In studying the property types, and identifying the main reason why people list their properties with the large reservation platforms, one finds that there is now a clear distinction between the traditional Bed & Breakfast and the short-let, part-time operator. The latter mainly made-up of those in it for a quick and often short-term dollar and who have listed their property on the likes of Airbnb.
The obvious two categories are:
- Short-let, part-time hosts many of whom are already restricted on the number of days in a year that they will be allowed to trade, and the predicted high compliance costs that will be imposed on them by the regulators. This may mean that their involvement in this business is no longer viable.
- The more traditional Bed and Breakfasts who abide by local government regulations can, if they choose, trade 365 days a year. It is also noticed that this category tends to be more professional than the majority of short let, part time operators. It should be noted that many are also listed with the international reservation platforms and are doing very well.
Never before have regulators been so concerned with the large number of property owners who have taken their house out of the rental market and subsequently put a lot of pressure on property availability and rent asked for.
There is also a backlash from Bed and Breakfasts who abide by the rules, but find that the next door neighbour has not. This is the reason why change is inevitable in order to bring some sanity into the industry.
To that end, this book is an ideal read of those who now want to be a more professional host, whether it is full time or part time, and want to make real money, and for those who want to start a home based business.
So, to meet demand and substantiate Bed and Breakfast’s place in the tourism industry there is a growing need for increased knowledge and professionalism among Bed and Breakfast operators. To assist you in your endeavour a feasibility study has been included in this international edition, along with a business plan example.
Current trends show that changes in the workplace could be one of the main contributors to the high level of interest in becoming a Bed & Breakfast operator. Another influential factor is the continuing growth of the short break holiday market. Those who take short break holidays historically prefer this form of accommodation.
It is important to remember, however, that knowledge is not an end in itself. You must use the knowledge gained from this publication as a resource and stepping stone to achieve your goals and fulfil your aspirations.
The main message is that the research you need to do to make your B&B a success must be personal to you and your market.
How to Start & Run a B&B has been researched by the writer who has carefully studied the practicalities and the needs of people who are either in the industry or wishing to enter it.
In constructing this book I have tried to avoid duplication of material that exists in other training manuals and how-to publications, preferring to concentrate on that which is directly applicable to the industry. I have gathered up-to-date information from industry leaders and practitioners internationally to give the reader a source of information which reflects the practicalities and requirements necessary for the successful Bed and Breakfast operator.
All issues covered in this book are significant, but professionalism is the most important. This book will reinforce the need to seek professional advice in the early stage of your venture and give you an insight into the level of professionalism you need to consider in order to be a success in this business.
Good luck on your venture!
A Business Plan for Bed & Breakfast Owners
Author: Stewart Whyte with Wal Reynolds
- Writing a professional business plan
- Your business overview
- Market outline & your market position
- How to create a SWOT analysis
- Set objectives & milestones
- Strategies for success
- How to create forecasts
- Cash flow & balance sheets
- Professional help
- Staff rosters
- Sales histories
- Competitor reports
- SWOT analysis
- Objectives control
- Projecting cash flow
Managing your Bed & Breakfast
Author: Stewart Whyte with Dr Rita Helling
This companion book describes in detail the importance of managing your business with appropriate people skills.
Recent research conducted by Dun & Bradstreet shows that 90% of all small business failures can be traced to poor management resulting from lack of knowledge. So this is a starting point for this publication is the knowledge you need to acquire in order to succeed in running your bed & breakfast or guesthouse.
It is important to remember, however, that knowledge is not an end in itself. You must use the knowledge gained from reading the components that make up each roadmap.
It will help you to:
- Better manage your contact with guests
- Managing process development
- Managing staff and recruitment
- Managing time
- Managing money
- Maintaining support structures
- Managing yourself
All of these issues are significant, but professionalism over all, is the most important.
Many bed & breakfast hosts struggle to succeed, not because they weren’t talented or smart enough, but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work.
If you are really serious about succeeding in bed & breakfast and want to avoid the common mistakes, then the contents of this book will assist you in acquiring the right knowledge so that success is assured.
Consider that word, blame. It’s just a coincidence that the last two letters spell the word me. That coincidence is worth thinking about.
This publication is the third 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.
A Feasibility Study for Aspiring Bed & Breakfast Operators
Author: Stewart Whyte with Wal Reynolds
- Doing your homework
- Issue analysis & assessing risks
- Thoroughly planning your new business
- Writing a feasibility study
- Understanding your market
- Finding your location
- Assessing start-up costs
- Analysing the financial viability
- Setting sales goals
- Personal objectives
- Target market & location
- Personal & guest requirements
- Setup and running costs
- Setting annual sales & profits targets
- Room rate calculator