Successful businesses are the ones that think outside the box. Managers that come up with ideas that can help the business make money, motivate employees, and even offer customers additional benefits are without argument the most successful. Now it is not only the manager that most businesses need to thank because employees with bright ideas should also be able to take a lot of the credit. However, the reason we mention managers is simply due to the face that good managers will encourage her/his team to think outside of the box.
You are probably wondering what the age-old secret is to creating a successful business. Well, It is simple. Buy a vacation home and use it to entertain your employees and customers. Not only that, when it is not occupied for business proposes, use it as a money-making machine. This is arguably one of the best investments any business could make.
Offering Your Clients & Employees Free Overseas Accommodation
Imagine how happy your employees would be to use a holiday home for free in the Algarve, on Miami beach, or on the island of Majorca. Just think of a holiday destination that would appeal to you and pretty much anyone else that enjoys staying by the beach. Employees would save huge amounts on the burden of accommodation, and for the price of a couple of airline tickets, you could treat your best and most loyal customers to a family trip away.
Two great qualities of leadership spring to mind when hearing about company owners that use this kind of strategy. Firstly, motivation and reward for employees as they can jet-set with no accommodation costs. Secondly, loyal customers are rewarded and thanked for sticking with you – this should also help to build up and reinforce customer relationships.
As a result, something as simple as owning a holiday home abroad under the business name can have priceless benefits for your business.
Leading Your Business into The Accommodation Sector
There is no doubt that the tourism industry is one of the most competitive to break into. With that in mind, the accommodation sector that was full of barriers to entry in the past has just removed some of those barriers. In the past, most people that wanted to get into the hospitality side of tourism used to invest in a hotel or bed and breakfast establishment. That is no longer the case as now all that is needed is a house or an apartment.
To make money out of the apartment all the business would need to do is list the property on a vacation rental website. This could mean becoming a host on Airbnb.com for example.
While the apartment is not being used by employees or customers, it can be turned into a money-making machine. You will already have admin staff for the business that can help manage the property bookings from vacation rental website.
The Perfect Asset for Investment
Property is nearly always going to increase in value. This makes purchasing a place that is in a popular tourist destination the perfect investment. There will nearly always be a demand to book the place for holiday purposes, the company has a valuable asset to add to its balance sheet that increases the value of the business, and this asset continues to increase in value.
Learn more about how you can lead your business to increased success by finding out exactly how vacation rentals work by using resources by Lodgify.