Have identified an opportunity of launching a conference centre within my neighbourhood. Having been exposed to the industry through handling bookings on behalf of the only existing conference centre which charges high rates and I intend competiting directly with it on rates.

They is a network of about 15 B&B's that can accommodate my clients for overnights and three restaurants for meals.

Intend to negotiate an affordable package from both the B&B's and restaurants as my proposed venture will compliment theirs.

The plan is purchasing a corner house with amply yard and converting it into a three room facility, whereby I will divide it into Room 1 = 15pax, Room 2 = 25pax & Room 3 = 45pax

Other rooms to be an office, ablution, storage facility and reception area

All rooms to be fitted with the latest conferencing equipments, currently the existing conference facility outsources such equipments and charges extra for them.

What pitfalls should I look out for?
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Regards,
Muzi Mohale
TravelWires cc
www.accommodate.co.za
www.bid2load.com
www.travelwires.com