Organizational Strategy for Hospitality Property | INNsider Tips-005

Welcome to the INNsider Tips.

The next few tips are about setting up your organizational strategy.

Before we do that there are a few other things that have to be determined.

Why are you or wish to be a hospitality property owner?

What made you decide you wanted to run an independent hotel, resort, inn or bed & breakfast?

Do you fall into one of the following categories?

You realized at an early age this is what you wanted to do. You went to school specifically to learn how to operate a hospitality property.

You grew up as part of a family-run operation and you operate your property the way you’ve seen them operate in the past.

You bought into a business opportunity because it looked interesting or exciting and felt this is something you wanted to try.

You worked hard most of your life in an industry other than hospitality and were looking for a change, a new lifestyle.

Do any of these sound familiar?

The reason I asked why you would like to become a hospitality property owner, hotel, resort, inn or bed & breakfast, is that this helps determine where you see yourself in the operation of the facility. Today, you have homework. Think about and write down why you want to operate a hospitality property.

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