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Running head: SELF-ASSESSMENT0Consulting individual assessment Airbnb is a rental platform for short term accommodation, the company was founded in 2007 by two roommates whom they couldn’t afford their rent in San Francisco. The main idea behind the website was that anyone could book a place only three clicks. (Aydin, 2019). Since the business is expanding, Airbnb is the major hotel industry competitor and the impact was so significant that it had caused the increase in rent and shortage in long term rental property supplyin many cities such as Vancouver, New York, Los Angles and Barcelona. (Wang & Nicolau, 2017). Based on our market research prior starting the business, we found out that there is more than 5600 active Airbnb listing just in the City of Vancouver (“AirDNA MarketMinder,” 2019). My Friend was working in the field for more than two years and she was managing more than 60listings with the help of small team of 4. Me and my friend both are business majors and we do have similar management style , We were sure Airbnb is a great business opportunity but We knew that it will be a very demanding business and as a small business we need to keep our teamas small as possible for the first couple of year. Its mandatory for small team to be managed well to be efficient and that was the area we knew it would be challenging to us. However, we were lucky and the materials I learned in this course helped us to find solutions for some of the challenges we were dealing with and operate our business more efficiently.The variety of projects we take on behalf of clients and to operate our business are combination of consulting projects as bellow:business planning and development; marketing research; marketing strategy development; developing promotional campaigns;
SELF-ASSESSMENT 1planning sales activity; new product development; developing proposals for financial support; staff recruitment;Prior taking this course me and my friends was working on projects mostly base on experience and as we matched studied the consulting process, we found out that we are missing couple of key steps in our consulting projects. Initial contact: We usually make the initial contact when we are contacting property owners for the purpose of renting their properties. In addition, we receive referrals from our current landlords or current property owners whom we operate Airbnb in their properties. Decision to work together:It takes between 10 days to couple of months depends on the projects for us to make a decision to either rent or operate Airbnb in a potential property. We usually make decision based on many factors such as property location, market analysis, our own previous experience and the property owner vision and personality type.

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