Detailed Schedule - Consulting
Evening Day 1
3:00 to 6:00
6:00 to 7:00
- Welcome with appetizers and wine/beverage - this is where we get to know you and your needs so we can customize the session
Day 2
9:00 to 9:30
9:30 to 12:30
- Do you have what it takes to run a B&B?
- ¨ Grading the B&B personality test provided at the reception the night before
- Items covered as needed
- Acquiring your dream B&B
- ¨ Defining your goals
- ¨ Buy or build?
- ¨ Turnkey VS modified turnkey
- ¨ Purchase price analysis and ratios
- ¨ Financing options
- Items covered as needed
- Business structure
- ¨ Corporate, C and sub chapter S
- ¨ LLC
- ¨ Proprietorship and partnership
- Legal issues and regulation
12:30 1:00 Lunch
1:00 to 4:00
- Start-up and operations
- ¨ The keys to decorating and design
- ¨ Furnishings and supplies needed
- ¨ Creative breakfast options
- ¨ Corporate guests and services
- ¨ Lunch and dinner opportunities
- ¨ Café, tea room and restaurant
- ¨ The efficient kitchen
- Items covered as needed
- Staffing and front office
- ¨ Identifying and finding staff
- ¨ The importance of independent contractors
- ¨ 3 Step guest registration
- ¨ Credit card processing
- ¨ Check-in and check-out
- ¨ Telephone tips
- Items covered as needed
- Marketing
- ¨ Definition of marketing
- ¨ The “four Ps”
- ¨ Advertising, what works and what doesn’t
- ¨ Keys to a great website design
- ¨ Preparing your competitor analysis
- Items covered as needed
- Income and expense
- ¨ Sources of income other than rooms
- ¨ Expense projections
- ¨ Industry averages and costs to expect
- ¨ Preparing the income statement
- ¨ Preparing the budget
4:00 - 6:00
- Free time, review notebook
Day 3 9:00 Full breakfast wrap -up