For the purpose of this assignment, your uncle has decided to retire and has asked you...

For the purpose of this assignment, your uncle has decided to retire and has asked you to take over his Bed and Breakfast Inn (B&B). It is currently organized as a sole proprietorship and has fairly regular annual repeat customers (mostly families on vacation). Review and answer the following questions:

What changes do you think you might implement to make the B&B more successful?

Would you stay with a sole proprietorship? Why?

If you are going to change the type of business entity, which business entity form would you choose for the B&B?

What do you feel would be the advantages and disadvantages of your chosen business entity?

Assuming there are other B&Bs and hotels in the area, how would your business be similar to or different from your competition?

In your own words, post a response to the Discussion Board, and comment on at least 2 other postings. You will be graded on both level of engagement and the quality of the contribution to the discussion.

Solutions

Expert Solution

1. B&B will not only limited for family vacation purpose but also It will work for business purpose, guest room and VIP guest accommodation.

I will improve the facilities and amenities to attract visitors.

Advertise on travel websites and social media to attract more visitors to B&B.

2. I will not stay with sole proprietorship because i want to spread my business to national level. And i want to propose some new branches throughout the country. I will register B&B as a private limited company that it attracts more share holders to this company and make some investment.

3. I will change this business entity to complete group of hotels throughout the country.

4. Advantage- .

* Business has more chance to grow and long term benefits.

*Private limited company has more chance for investment.

* More directors of company will work for strategic decision of company and get a better result in terms of profit.

Disadvantage-

* One or more decision maker can affect the business result.

* Always a probability of big capital loss in business.

* Single owner can not always the power of decision making.

5. You will sustain your business with old specialize recipe of breakfast which customers like more.

B&B will provide special discounts on family vacation. And Packages will be design and modify according to family point of view.

keosha answered 1 year ago

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