Trying to save a struggling business can be a very draining process. This is especially true if you know your a have proven product and a market for it but just can’t seem to catch a break. Employing the services of a financial planner might prove the kiss of life that your business needs.
One of the most common reasons for a business to struggle is lack of a roadmap or a plan and this is especially true if there is no financial planning in place. With no financial plan, revenues seem too infrequent, bills come too often, cash flow is limited, and the business seems to be in constant state of playing catch up.
It is tragic when any business fails but it is especially so, when a viable business with a great product goes to the wall, not because they have no customers, but because their finances are in disarray. It could be so much different with a financial planner in place, to assess, advise on and structure the business’s finances in such a way that rather than struggling, the business thrives.
So, what can a financial planner do for your struggling business?
Providing breakfast in the garden is a unique way to make your B&B more user friendly. Outside furniture in a nook amongst the garden greenery is an ideal place to serve breakfast on a warm summer day.
Many people start up a bed & breakfast accommodation business when they have a nice home with plenty of spare bedrooms. They get a website designed to show off their property. The smart ones will then get some SEO done on their website to get it ranking high on Google when potential guests search for accommodation online.
People often prefer to stay at a B&B because they can talk to the local person and get more personalised knowledge of the area they are passing through. They can often find out about hidden treasures that are not on any tourist map or advertised widely enough for everyone to know about them.
Some people arrive at such accommodation late in the evening, often after the evening meal eaten elsewhere and they go early in the morning after a quick breakfast. Others like to linger a little longer to enjoy the scenery or a chat with their hostess. If you have a B&B business, you can make your guests’ stay more enjoyable by adding an outdoor setting to the garden for them to sit and relax, or even have their breakfast at.