If you want to start guesthouse business, the first things to do is market research. Safe way for first time entrepreneur is to rent a guesthouse and operate. Analyse the competition, if you plan to open your guesthouse in a place where there are many guesthouses and very low occupancy rate, you might face challenges operating guesthouse in that location.
You need to work on your business plan, identify the target market. Marketing, the more people stay in your guesthouse, the more income you make. What are the mean that you will use to promote your guesthouse?
You need to consider the financing options available in the market and the cost of financing.
Do you want to start a guest house in South Africa?
So you end up with ideas sitting in your head not realizing your dream.
Really it is not that difficult to make a good hotel business plan. Most people try to include everything about their hotel concept in the plan.This leads to an indigestible super novel like bookwork, aka a mess.They key is, knowing what to include, and what not to include in your hotel business plan. Excite investors rather than bore them to death like most business plans full of redundant information do.Make it a point of duty not to forget the small things which need cleaning, and always ensure that everything’s pristine and make a checklist if it helps you to remember every single aspect of the room which needs cleaning.We also suggest that you add a touch of luxury to your guest rooms by laying out dressing gowns, towels and slippers for your guests.OK, so you have decided to realize your dream and open your own hotel.You have thought out an amazing concept delivering unparalleled guest service.You need to recruit the very best people who knows how to treat tourists.If you plan to build a guesthouse, you need to have enough financing, construction costs lot of money.So put on your entrepreneurial hat and let’s proceed.A guest house is a commercial accommodation that offers between 4-16 bedrooms (a business with more than 16 bedrooms is called a hotel), and which has, as its primary source of business, the supply of tourist accommodation.