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Old 11-29-2012, 02:28 PM
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john lance john lance is offline
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Location: Austria
 
Join Date: Oct 2005
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Primarily, on the mistakes side, I would say a) borrowing too much (interest rates were very high when I first bought the 1980's), b) under-pricing (as I could have got far more during peak seasons), c) not being much of a handy-man (as I was forever paying others to do maintenance jobs), d) being under-insured (when my roof crashed down due to the weight of snow, my cellar flooded due to a storm and my breakfast-room was destroyed by fire) and I did not have sufficient cover, e) selling after 10 years when I should have kept it.

On the success side, I a) was successful at quickly responding, turning enquiries into bookings, b) up-graded the rooms to be better than most places around me, c) extended the season for longer than others, by keeping full for more weeks due to better marketing, d) catered for large groups by using neighbouring properties too, e) provided packages to include the flights.
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Last edited by john lance; 11-29-2012 at 02:29 PM.
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