swell your bank account through hospitality business

ARGUMENT FOR HOSPITALITY BUSINESS

 

Hospitality business is one of such business ventures that put in money into your pocket and bank account on a daily basis as a small business owner. The economic meltdown or global financial crisis as some people call it does not affect hospitality business so much. What else are people working for if not to be treated with the goodies of life?

In this articles are some of the hospitality businesses that you can do in order to swell your bank account. I will not promise to give a detailed account of the necessary steps needed to be taken in each small business as the scope of this writing will not accommodate such but, I will try to make you happy.

SOME HOSPITALITY BUSINESSES THAT CAN BE DONE IN ORDER TO SWELL YOUR BANK ACCOUNT

Haven given brief reason why you should invest in hospitality business, below is list of some kinds of small businesses that you may consider going into:

• HOTEL BUSINESS

Hotel business is on the top list of hospitality business. The pioneers in the hotel business will testify that it is indeed money making machine that stands the test of time. As lucrative as hotel business may be, it still has its own dark-side that needs to be master by any small business owner (entrepreneur) that which to venture into it.

• RESORT/ TOURISM (TOURIST ATTRACTION CENTER)

As the tension of further decay in the financial sector heightens, people seem to now find more pleasure in moving away from the things that will make them worry more. And one of the places they always find solace is holiday resorts and tourist attraction centers. They go there to cool off the heat and admire nature for the time being. You can never go wrong in establishing holiday resort or tourist center. Mountain resort is popular during the yuletide (people go to mountain resorts to think about the future).

• GAMING BUSINESS (TENNIS CLUB, FOOTBALL CLUB, SWIMMING CENTER, ETC)

Games and gaming business is another area that has eaten deep into people’s head and presents an opportunity for those that are willing to venture into it as their business. Note that am not talking about computer games here as that area is somewhat saturated. A lot of people prefer working out through games and sports than engage in a regular exercise program (this may be a psychological problem, I don’t know). If you open a gym center and call it a gaming house, I bet you will get more loyal clients than you will get if you call same a ‘workout house’. Football club, tennis club swimming club etc can all be opened with the sole aim of enrolling people that wants to engage in these kinds of sports for fun. And you will make money out of the membership fees they pay.

• RELAXATION/ VIEWING CENTERS

All work and no play do not only make Jack dull but, can kill Jack. Establishment of relaxation centers can help shoot your bank account to the height you never imagined. I personally like watching my favourite team play while in the midst of people than watching it alone. And I end up buying a bottle of beer twice the amount I would have bought it on a good day. You as the owner of the viewing center make excess returns by doubling the price of your drinks and people will still not complain because, they are having fun. Who doesn’t like fun?

• RESTAURANT, BAR AND CATERING BUSINESS

Restaurant business, bar and catering business is a multibillion business that only a few have tapped into. That link leads to a hub on how to manage such businesses well and get result. People will always eat, drink and entertain their visitors. All you need to do is position yourself to serve this hungry and starving market and see your bank account swelling.

People’s appetite for enjoyment can never be satisfied. The opportunities in the hospitality business is endless, you are only limited by your own imagination and business acumen. And as far as I know, hospitality businesses will never die rather, it will continue to grow from profitability to profitability. Hey, hold on a little, before you dash out into the street to star looking for where to invest your hard earned money in hospitality business, why not spend a few Dollars buying some of these Amazon books sampled on the right side of this article? You will be glad you did.

I will see you at the bank!

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Comments 2 comments

janiek13 profile image

janiek13 6 years ago from Florida's Space Coast

all good ideas, but much money to start. Good job.


chinweike profile image

chinweike 6 years ago from Glasgow, UK Author

yeah much money to start but with proper business plan and proposals, raising of funds might not poss too much problem.

you can check out these hubs

http://hubpages.com/business/How-To-Write-A-Bankab...

http://hubpages.com/business/venture-capitalists-a...

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