Hotels are the workhorses of the tourism industry. A tolerance of long hours, working weekends and out-of-season personal holidays; a strong worth ethic; and an eagerness to please are essential to the makeup of a successful hotelier. Meet these demanding criteria and you can enjoy a business where every day is different and the rewards lie in making people happy.
An online business is a great way to have a store that operates 24 hours a day, with you choosing your own hours. Many can be operated by a single person, and with some distributors offering drop shipping, you’re able to focus on the running and marketing of the website, rather than managing stock levels.
A motel, essentially a hotel without internal corridors, is designed with a motorist in mind. Location is still key, as with a hotel, but a motel owner chooses a location based on very different criteria. A tolerance of long hours, working weekends and out-of-season personal holidays; a strong worth ethic; and an eagerness to please are essential to the makeup of a successful motelier
Few sectors are guaranteed long-term growth like the care home industry. Western societies are getting older, and people are demanding higher levels of care for their loved ones. As a buyer, you must consider whether a retirement home, where seniors need minimal support, or homes designed for vulnerable people who require 24-hour nursing care, suit your attributes best.
Canadians drink 2.1 billion servings of coffee each year, and is gradually shifting away from traditional drip brewed to speciality coffees. A coffee shop is best owned by a perfectionist. Distilling the ingredients, staff and ambience into a mix that is ‘just so’ is the defining goal of independent café culture.
A car wash can come in various different forms. For some owners, the lower staffing and maintenance needs make self-serve car washes the more palatable choice, whereas staffed tunnel service brings prestige to the service. Car wash owners rarely have to compete with huge companies too, with 99.8% of all car wash owners falling in to the category of micro or small businesses.
Tempted by the steady, often strong returns offered by residential property, an RV park could be a great alternative. RV parks are great for friendly owners that don’t mind getting their hands dirty. Capital expenses are usually lower that other types of tourist and residential accommodation, and unforeseen risks and maintenance costs are much lower than most bricks-and-mortar businesses too.
Every day, 10 million Canadians visit a convenience store – that’s more than one in four people. And few businesses are more recession-proof; whatever the economic weather, people still need milk, bread, washing powder and other basics. It’s also a business that requires no specialist skills – just a strong work ethic and a willingness to work long hours and weekends.