• B&B College

Consulting Agenda

Detailed Schedule - Consulting

Evening Day 1

3:00 to 6:00

  • Check-in

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

  • Full Breakfast

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