You need to recruit the very best people who knows how to treat tourists.
If you plan to build a guesthouse, you need to have enough financing, construction costs lot of money.
You need to consider the financing options available in the market and the cost of financing.
Do you want to start a guest house in South Africa?
If you want to start guesthouse business, the first things to do is market research. Safe way for first time entrepreneur is to rent a guesthouse and operate. Analyse the competition, if you plan to open your guesthouse in a place where there are many guesthouses and very low occupancy rate, you might face challenges operating guesthouse in that location.
You need to work on your business plan, identify the target market. Marketing, the more people stay in your guesthouse, the more income you make. What are the mean that you will use to promote your guesthouse?
’A study of your local competition or global concept competitors, with each of their strengths, weaknesses, occupancy rates and market share (SWOT analysis).
And don’t forget the most important part; what differentiates you from them.
This leads to an indigestible super novel like bookwork, aka a mess.
They key is, knowing what to include, and what not to include in your hotel business plan. Excite investors rather than bore them to death like most business plans full of redundant information do.