Connect with us

Travel

Bed and Breakfast

Create a cozy spot for travelers to rest with a B&B.

Entrepreneur

Published

on

Business At A Glance

Bed and Breakfast

Startup Costs: $100,000 +
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? No

Business Overview

While a bed and breakfast is by definition a lodging that servesbreakfast as part of the room rate, there are several different typesof B&B properties ranging from intimate family homes with less thana handful of guest rooms to full-fledged country inns with a dozen ormore rooms.

Part of the charm of B&Bs is that each is a bitdifferent, but they all fall somewhere within five basic categories. Ahomestay, also called a host home, is a private home with one to fourguest rooms that are used to bring in supplemental rather than primaryincome. Homestays don’t typically post signs on their property oradvertise, relying instead on reservations services.

A bed a breakfastis a step up from the homestay, typically consisting of four to five(but as many as eight) guest rooms and a live-in owner or host family.Bed and breakfasts typically have a sign out front, advertise andconform to zoning, health and other government regulations. Bed andbreakfast inns are full-fledged lodging establishments rather than afamily home with rooms to rent.

With six or more guest rooms and alive-in host, the B&B inn has a well-posted sign, does lots ofadvertising and adheres to all government regulations. Bed andbreakfast hotels are really B&Bs but instead are hotels with 30 ormore rooms in a historic building. Breakfast is offered as part of theroom rate. Unhosted apartments or cottages are sort of a cross betweena vacation rental and a B&B, a self-contained lodging that iscompletely separate from the host’s home.

The Market

Do research in your area to see if your B&B should be targetingtourists, business travelers or couples. Is there a hospital oruniversity nearby? Family and friends of students and patients could bea target audience. Your B&B could also be a destination for eventslike weddings and meetings.

Needed Equipment

First, you need your inn, whether you buy a new property or use yourexisting home, either possibly requiring interior and exteriorrenovating or refurbishing. You’ll also need furnishings for the guestand common rooms, linens, kitchen equipment, cleaning supplies andappliances.

Perhaps the most important office item on your startup listis a computer system for tracking reservations and deposits, performingaccounting functions, maintaining guest databases, and creatingmarketing materials. For the office you also need phones, furnishingsand general office supplies like stationary.

Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies. Find us on Google+ here.

Travel

Cruise Ship Travel Agent

Help cruisers connect with their perfect vacations.

Entrepreneur

Published

on

Business At A Glance

Cruise Ship Travel Agent

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? Yes

Business Overview

Working from the comforts of a homebasedoffice, you can plan and book cruise vacations-of-a-lifetime for yourclients. Travel consulting experience is recommended for thisopportunity; if you do not have experience, I would advise you tocontact the National Association of Commissioned Travel Agents toinquire about training courses in your area.

You could also choose afranchise cruise agent business, which provides all franchisees withintensive training in the areas of marketing, administration andreservation booking. The cruise travel agent industry is competitive,but at the same time it is also the fastest-growing segment of thetravel industry.

Key to success in this business is marketing. You haveto tap in to the demographic groups that are most likely to take acruise’-which include the 50-plus crowd and newlyweds’-and target yourmarketing efforts to these groups. You might also want to considerspecializing in a niche area of the cruise holiday industry, such assingles-only and alternative lifestyle cruises.

Continue Reading

Travel

Extreme Adventure Trips

This business will keep you on the edges of life.

Entrepreneur

Published

on

Business At A Glance

Extreme Adventure Trips

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Does taking a hot air balloon trip over Australia interest you? Howabout a kayak trip down the Amazon River? You can start a business inwhich you act as an agent or broker on a local basis for adventuretravel companies located around the world.

Starting this type of uniquebusiness requires very little in the way of investment capital toinitiate, and the service can be marketed directly to consumers via theinternet or through traditional mediums of print advertising.

Onceyou’ve secured a paying customer and all the travel accommodations andactivity plans have been confirmed, you would charge the adventure tourcompany a 20-percent commission of the total trip value.

Providing youcan maintain yearly sales of $500,000 (which shouldn’t be difficultgiven the fact that many of these adventure tour trips are selling foras much as $10,000 per person), the business would generate gross salesof $200,000, which is outstanding for a homebased owner-operatorbusiness.

The Market

Your customers will be anyone who is into the outdoors and enjoys thrill-seeking activities.

Continue Reading

Travel

Travel Agent

With a business like this, you’re sure to be going places.

Entrepreneur

Published

on

Business At A Glance

Travel Agent

Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Online Operation? Yes

Business Overview

The main requirement for starting a travelagency or starting a business as an independent travel consultant willbe to check local regulations in terms of certifications that may berequired to operate the business.

Additional considerations alsoinclude:

  • Operating a general travel agency, or specializing in aparticular type of travel.
  • Operating location: storefront orhomebased.
  • Target markets: the well-heeled traveler or the budgettraveler.
  • Advertising, promotions, and marketing. The travel industryas a whole is extremely competitive, especially for businesses thatoperate as general travel agencies. To limit competition it isimportant to specialize in this industry and seek a niche market.

Continue Reading
Advertisement

SPOTLIGHT

Advertisement

Recent Posts

Follow Us

Entrepreneur-Newsletters
*
We respect your privacy. 
* indicates required.
Advertisement

Trending