Question

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.

Answer 1

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.