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Tuesday, August 03, 2004

THE B&B BUSINESS PLAN: 

Your B&B Business Plan should include a comprehensive analysis what it takes to create and expand your business. Your ideas, intuitions and creative efforts deserve to be transformed into a business operation that can really work for you. You will need to decide what to do, how to do it, when to do it, and what resources you will need to make your dreams come true. You will need to scrutinize your financial requirements, what they will be and how they will be met. At this point, you will be able to take an objective look at the B&B I showed you, and identify areas of strength, weakness, and opportunity right away. You can also pinpoint needs and problems you might otherwise have overlooked.

If you are concerned about creating your B&B business plan, not to worry! I can refer you to financial consultants who are experts at helping you plan how best to achieve your business goals in the amazing B&B business. You need to make sure that the B&B is worth your time and money by taking carefully thought-out steps to achieve your goals for opening your business. It is wise to have your “team” together before you even open your doors. Keeping the lines of communication open with your attorney, accountant, insurance agent, banker, zoning board, and me your REALTOR just makes sense. My own experience tells me that your B&B business plan needs to be a fluid working document. Like any business, the B&B business is an on-going process. My own experience also tells me that so much of how your business evolves depends not only on mindful attention to the “art form” of the business, but how you develop your business plan, keep notes (even if they are on a paper napkin,) document facts you discover along the way, and your own lighthearted approach to the venture.

YOU NEED TO KNOW:

Be sure to check for the current B&B zoning law provisions for "Customary Home Occupations," as to outdoor sign restrictions; health, fire, and building code restrictions; and restrictions on the number of employees deemed necessary to protect residential neighborhoods from encroachment by business activities before you invest in a residential or historical property as a potential B&B.

Make sure you find out about deed restrictions or if there is a Homeowner’s Association with regulations that prevent homes in the area from usage as a B&B.

When you contact us, we can tell you about B&Bs on the market in the Asheville area and in mountains that surround our area. Connect at B&B4Sale@janeAnne.com


Remember, the B&B market is unique.

The B&B you desire may very well NOT be listed in our MLS system. B&B gems are not likely to be advertised on the Internet, either. Most often we Real Estate professionals hear about such treasures by word-of-mouth as we talk with our colleagues and neighbors.

A sweet B&B may be available IF you know how to find one…and we do!
CHECK OUT: http://www.janeanne.com/listings.asp for a darling small town B&B in the Greater Asheville area!

Please contact B&B4Sale@janeAnne.com to connect with a professional who not only has knowledge of our geographic region, but has personal experience in managing and owning a B&B.






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