How You Can Start Your Own Hotel Successfully

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Do you dream of starting your own hotel or restaurant? Staring a career in the hospitality sector can provide excellent new opportunities to aspiring entrepreneurs. However, opening your own hotel can be highly challenging, just like any other business venture, especially if you are new to the hotel and hospitality industry. The fact is there is intense competition in the global hotel industry. Hence, you will need to consider various aspects and gain a global perspective to accomplish impressive financial results.

Starting your own hotel

Throughout my career, I have met with numerous investors and entrepreneurs who were full of innovative ideas for creative hotel concepts. However, I believe that the main challenges in your path to success are strategic and organisational aspects of business. There are some important questions that you need to focus on:

• How do you get started?
• What type of hotel/restaurant should you start?
• Will location impact your business? 
• How can you attract more guests? 
• How to reduce operational costs & boost profits? 

Once you figure out the answer to these questions you will be in a much better position to enter the hospitality sector and start your hotel.

Research is crucial

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Before you start your venture, it is imperative that you prepare yourself by acquiring the right skills and knowledge. Moreover, you also need to prepare an effective business plan after conducting adequate research in order to assure success. Doing research becomes even more necessary when you need investment from outside. Hence, you show potential investors that you have completed a feasibility study for your upcoming business. It is also a good idea to put all your business ideas on paper and evaluate them against your competitors and the global market. This will enable you to determine your chances of attaining success.

I have observed that many new entrepreneurs start their hotels on assumptions and fail to take the right decision while developing new concepts for hotel. This can prove to be rather alarming as any abrupt change can compel you to implement necessary changes in future as a result of the false assumption. This can have a negative impact on your hotel and result in additional costs.

What you must consider

Here are a few things you need to consider while preparing for your starting your new hotel and achieve business success by avoiding unnecessary scenarios -

• Conduct a study on generic market performance
• Evaluate business sources
• Perform an detailed competitive analysis
• Focus on development pipeline 
• Prepare profit & loss statement

Get the right skills

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However, in order to make sure you go through the steps properly and successfully, you will need to gain the right business skills and acquire comprehensive knowledge about the global hotel industry. One of the best ways to do this for aspiring and new entrepreneurs is by pursuing an online diploma in hotel management. When you study on online hotel management diploma, you will not only understand how the hotel sector works, but you will also develop crucial business management skills.

One of the biggest advantages of studying an online higher diploma in hotel management is that it will allow you to work and study simultaneously, unlike traditional courses. Online courses are highly effective, concise, flexible, affordable and convenient and ensures that you receive quality education and an enhanced learning experience.

Acquiring the required skills and knowledge will enable you to make the right decisions and take the necessary steps to ensure that your new hotel becomes a successful venture.

What do you think? Are you ready to start your won hotel? Feel free to share your thoughts and views below. I would love to hear from you.

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Boston Organises National Conference On Higher Education Technology

The 22nd Annual Campus Technology Summer Conference inaugurates soon at the Hynes convention center in Boston. The conference will be held for four days. Higher education professionals have already started crowding the conference. It showcases the latest technologies, steered by industry-thought leaders who will guide professionals into the effective path. There are also innovative programmes that would indicate the procedure to handle and manage challenges regarding the campus.

What the conference will offer

Here is a quick look at what this year’s conference will primarily focus on-

• Workshops on various topics and subjects.
•  Networking and breakout sessions. 
•  Keynotes and exhibit hall with the cutting-age technology.

The aspire-sessions are another mind-engaging fact of the conference. These are twenty-minute sessions that will assist the visitors to learn new methods or skills which they can later apply in their colleges or universities, if required. Two other important focus areas will also be provided by the conference, namely ‘Higher Ed IT in the Digital Age’ and ‘CIO: Next Generation’..

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The general manager of the conference, Mike Eason, said “Higher education institutions require professionals to know about the latest technology and IT strategies because that’s what keeps campuses secure and cutting-edge.” He also stated “CT brings together campus administrators and IT executives and professionals who want to gain that insight.”

What the exhibit hall showcases

The exhibit hall allows the visitors to see; to try and to purchase the latest innovative aspects of the modern world and, surprisingly, these innovations belong to more than 150 companies, including industry powerhouses such as: Insight Systems Exchange; Mediasite by Epson; GovConnection; Pro AV Systems; MakerBot; Bluehost; CDW-Government; Laserfiche; Sonic Foundry. Eason also comments that the visitors will be knowing about the latest technology available in the market. They will also become aware of the technology regarding higher education from the leaders of the industries.

Some crucial aspects of the conference

Here are interesting keynotes from the conference that you should check out-

• EdX Vice President, Beth Porter will be saying about its effect and improvement, will be the luncheone keynote of the conference.

• Paul LeBlanc, professor of The Southern New Hampshire University, will be telling about the current changes of the higher education. He will also be describing how to bring the change into the educational institutions in order to innovate these changes.

• The role of 3D printing in the field of higher education will be highlighted by MakerBot Vice President of Professional services, Jordan Brehove and the CIO of Xaviers Consultancy, Shawn Nason. They are scheduled to speak during the Wednesday sessions of the conference.

• William Perry, the cyber security expert and California State University Chief Information Security Officer and the last speaker of the conference, will be talking about the occurrence of cyber crimes and about the steps that the IT firms can take in order to secure themselves from such threats o crimes.

Importance of AAEEBL

AAEEBL stands for the Association of Authentic; Experiential & Evidence Based Learning which is a part of the conference. This is an ePortfolio which aims to implement three transformative and strategic approaches. These are:

• Evidence-based learning.
• Customized learning.
• Assessment based on the holistic outcomes.

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Visitors are welcome to take part in the sessions to improve their skills in learning.

The fascinating campus technology

The campus technology is can be considered as the sincere endeavor of the nation where higher education professionals, IT experts, e-learning program managers, instructional designers provide an insight about the functional value of the latest immersive innovations; social software and the latest applications. It also provides an educational atmosphere where the attendees can view and share the innovative ideas of the conference as well as having an insight of the latest innovative technology and services; software; tools; applications etc.

How can we use this conference

The conference is essentially important for the students as well as higher education professionals. This effective conference will not only help them to solve their problems about education but also will assist in the rediscovery of education in an innovative way. It is a great opportunity being held in Boston and we should not ever think of missing it.

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