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B&B or Hotel (Financial (Loans, Family money, Purchase of building,…
B&B or Hotel
Financial
Loans
Family money
Purchase of building, beds, sheets, food, furniture, etc.
Other debts
Co-signer
Co-owner
Preparedness
Financially
Mentally and physically
All the coverage and proper scheduling systems
Emergency systems in place
Time
Education/training
On the job training for employees and self
Do employees need certain degrees?
Service and safety certifications
Liquor or tobacco service training
Boundries
Separating personal life from work
Make sure the guests do not take advantage
Be a leader to employees
End-Game
Property to be passes down to other family
Looking to expand?
Own other locations?
Brand
Reputation in town or city
Making sure the people I hire do not have a negative background
Support
Family and friends
Local businesses or associations from town