Wellness retreats are places where people disconnect from the outside world and reconnect with themselves. Wellness retreats are vacations with activities that focus on mental, physical, and spiritual health. This video shows how to start a wellness retreat.
One can convert their own home or holiday home into a retreat and add in the required accessories. A bigger retreat will need trained personnel and the provision of different activities for the client’s benefit.
Starting a Retreat Business:
1. Do the market research – find out about the demand for it, the ideal location, and the price people are willing to pay.
2. Conduct a competitive analysis to find a market advantage. What services are the competitors offering? Can you offer a niche service?
3. Write a business plan – it can be detailed or brief and highlight how to run and grow the business. It includes the business description, management structure, services offered, funding details, and market projections.
4. Secure financing to fund this retreat – it can be self-funded or from investors.
It is essential to do thorough research before starting any business. Wellness retreats are becoming popular and offering a niche service will increase the clientele.