With Airbnb privately valued at $31 billion, people everywhere are opening their homes or buying up properties in hopes of getting a slice of the pie. But as many are coming to realize, it takes more than an empty house to succeed in hospitality.
The same goes for any startup: bare minimum won’t cut it. Whether you’re experimenting with Airbnb or starting a business you hope will be the next big thing, here are three mistakes I regularly see Airbnb newbies make that all entrepreneurs should avoid:
1. You’re not communicating with your buyers
Airbnb is a convenient way to do business—so convenient, in fact, that many hosts fall into a state of complacency. Many new hosts act as though a confirmed reservation means they can simply tune out until their guests have checked out. But ignoring your guests is the quickest way to ruin your new business.
Continue reading “3 Mistakes Airbnb Owners Make That All Entrepreneurs Can Learn From”