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I can say that this book was extremely informative and helpful. My wife and I recently purchased a B&B in California. Before making the leap, we researched the industry as best as we could, and we bought every book on the subject from Amazon. Nice job. Another book that I feel is a must read before anyone goes into this business is Michele Cozzens' I'm Living Your Dream Life: The Story of a Northwoods Resort Owner
Before I went into the business, I read this one and "I'm Living Your Dream Life" by Michele Cozzens. Both are very valuable tools.
This book totally hits it down. From the perspective of someone who loves to look at B&Bs but doesn't often follow the latest trends of demographics and whatnot in an industry laden with stealth, mystery, and cloak & dagger tactics I found out that it is much more of a business to unravel and spend time juxtaposing with other work rather than just a casual fling of an investment like what would result if one were, for instance, to open a stock account and buy a specific amount of random (or highly recommended) equities. The author is very well known in his subject matters and thus procreats an authenticity of vernacular style of someone who would run a typical B&B but who would author books and articles on the side kinda like Robin Masters from that excellent television programme Magnum PI - how he would just like let that dude stay in his house all the time and dog out his Ferrari but wouldn't barely even charge him very much because all in all they were the best of friends AND because Higgins, despite all of his worldliness just was not up to par in keeping up with a crafty and backstabbing individual like Thomas Magnum.
Although this book has a lot of good advice, it's not my favorite book I've read on the subject. It seemed rather drawn out and some of the advice was rather vague. It's the fourth book I've read on the subject, since I am planning on opening a B&B soon. I still would recommend reading it, but read others as well.
Lots of good ideas that will save us time and money.
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