1 minute read

CHAPTER 2: The Business of VRP

Next Article
ABOUT THE AUTHOR

ABOUT THE AUTHOR

CH APTER 2

The Business of VRP

Advertisement

VRP IS A BUSINESS. Most businesses fail due to lack of preparation, lack of commitment, or both. You need to enter this business not as a casual buyer looking for a little extra money (like the CFO in the previous chapter) or as a passive investor seeking another asset class to explore, but as a business owner ready to do the planning and due diligence that all success requires.

Whether you are a Do-It-Yourself (DIY) VRP owner, or you outsource some or all of your operations, you must have a formal business plan in place that includes the launch, management, and expansion of your business. Whether you intend to have only one VRP home to augment your income and provide vacations for your family, or are focused on growing a large array of VRP locations with the ultimate goal of living your life on vacation, the preparation and commitment level is the same.

In this chapter, we will look at the business process and planning that drives all VRP success.

This book is designed to assist you as a guide through most of the considerations that you will need to address with your VRP business. I am pointing out all the ways in which you’ll need to do your homework in order to succeed. This book is a good start, but you should drill down deep into what your specifi c business will need. This means you must take a good look at your fi nancial state, study

This article is from: