If you’re finally ready to pursue your dream of starting a retreat business, there are a few things you need to consider before jumping in! You will need to do plenty of research to find out how to build a retreat center that’s safe, legal, and profitable. Running a retreat center that’s based on your interests, passions, and qualifications will give you a strong motivation to continue when you face challenges. It will also add credibility to your venture.
Understanding what’s unique about your offerings in the retreat space will bring a clear focus to your branding and marketing.
Here are a few other important things to take into consideration.
Before you start, you’ll need to put together a business plan. This will help you to gain a clearer idea of the realities of running your business. It may also point out any key areas you hadn’t yet considered. If you’re looking for investors, they will need to see a clear, structured, and well-thought-out plan that will help them to understand the viability of your investment proposal.
You can find several detailed business plan templates online.
You should also be clear about any health and safety requirements, legal and insurance requirements, and the right taxation and financial structure for a retreat center. You may also need to open a business bank account and apply for a business credit card.
Starting a business always comes with a certain amount of bureaucracy and it may take a lot of time to get things in order.
The effort you put in at the beginning of your venture will increase your chances of long-lasting success and help you to avoid any unforeseen headaches once your center is open and running. If in any doubt, you should start by getting advice from a team of qualified and accredited professionals.
Connect with organizations in your area that specialize in advising small business owners.
Getting Peer Advice
It has long been said that success leaves clues, but when setting up a business, you may not want to spend valuable time searching for clues. You need concrete advice from others who have been running successful retreat centers for at least a decade. Finding someone in your local area who is willing to offer their advice might not always be easy, but there may be other ways to gain valuable insights from retreat center owners in other locations.
The Centers Network runs a yearly retreat for center owners to connect and learn from each other. You can research their offerings online.
If you’re unable to attend a conference in person, there may be a virtual version available. They also run webinars on various topics related to holistic retreats and best practices.
If you plan to focus on one type of retreat, you may need to add a variety of other offerings and retreat styles, to increase your center’s chances of remaining busy and profitable throughout the year.
For example, if you’re planning to build a yoga retreat center, you might also want to sell yoga equipment and clothing online, organize open days or special events and run short introductory taster weekends as well as week-long or even month-long retreats.
You also need to think about other benefits you could add to your retreats that will enable you to have the greatest impact on peoples’ lives.
Will you need to hire a chef who specializes in wholefood cookery or vegan and vegetarian cuisine? Will you offer massage and other therapies to your guests during downtime? Will you offer a range of accommodation choices and prices that make your retreat more inclusive for a wider range of participants?
Decide on your offerings as early as possible. This will help you to start formulating a clear and effective marketing plan.
Your Retreat Space
Something else you need to consider if you are opening a center is whether you will be building it from scratch or taking over the ownership of an already existing center.
Building a center requires a great deal of effort and attention to detail.
Before you even begin, you’ll need to ensure that you’re aware of any building regulations and special site requirements for business buildings in general. You may also need to be aware of any extra requirements for a building that’s being purpose-built with your particular business sector in mind.
Rules, regulations, planning permission, and local restrictions may no longer be an issue if you decide to take over an already existing business (for example, a small guest house) or when you purchase a retreat center franchise.
Research these details carefully and consider all the options available to you.
Most of all, make sure you will be happy and comfortable in the location and site you choose and that you’ll be able to grow and expand as much as you wish to in the future.
Marketing Your Center
Effective advertising and marketing are essential if you wish to attract clients to your retreat center. You’ll need to start with a clear idea of what people in your target market are looking for and then develop a strong strategy for reaching them.
You may need to learn how to use social media to connect with people around the world, and you will certainly need to hire a digital marketing specialist if you want to expand your reach and increase your online visibility.
Building a great website is only the first step. You also need a marketing plan that will bring potential guests to your website!
Find out how the team at LA Search can help you to grow your online following and bring potential guests to your retreat center’s website.