The Bed and Breakfast is the ultimate home-based business for those who want to work at home and can be an ideal business for a husband and wife team.
The first rule of success for the Bed and Breakfast business is the same as the first rule of success for real estate; location, location, location. Your B&B needs to be in a place that people want to go and preferably has more to offer than just a bed and a breakfast. Beach access, nearby skiing, an adjacent national park - people have high expectations for their vacation dollars.
Pros: You get to meet a lot of interesting people.
Cons: The seasonal nature of the business means that you'll probably have to work the hardest during the times you would most like to be off. Keeping up the presentation standards of your home and property consistently can be a strain.
What You Need to Get Started With This Home Based Business Idea:
- An appropriate property in an appropriate location (which allows Bed and Breakfasts).
- The ability to be a genial host and cook a good breakfast.
- Excellent knowledge of local attractions and events.