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Annabella

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Everything posted by Annabella

  1. Miki, you are quite right. I have just read one of your previous messages in which you give advice. No other industry would disclose trade secrets. Ever since our arrival we have been cautious about giving advice - other than the truth. Fundamentally you need a to make a large investment in property, employ at least cleaners and gardners unless you want to work your fingers to the bone (literally) and at the same time you will drive yourself insane with the employment laws. Plus, you need to spend a fortune on insurance and ending up by failing to make enough money go on holiday. Is there a profit in this business? If there is any spare cash we have to fix the drains, and the roof - this is all in our living accommodation, our guests have it good. The fact is that if people continue to provide free consultancy they increase the probability of poor returns or the failure of their business. Instead of advising newcomers to go in B&B, suggest they go into B&B Consultancy - open up a new field and get saturated on that.
  2. LAST EDITED ON 07-Feb-04 AT 04:58 PM (GMT) Working on the same permutation of rooms + gite and being in an area where (theoretically) accommodation is cheaper, I would say your calculations are far out. Double your running costs at least and reduce your occupancy expectations. Work on the worst case scenario - and there you have it. Small businesses provide their owners with a modest living and a lot of hard work - and an awful lot of worry.
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