Most business plan tools are focused on developing thorough and complex business plans for the purpose of obtaining investment or funding. Unless your idea is to develop a business plan for the purpose of obtaining an investor, or lender to fund your ideas, forget all about using one of these tools as a guide to evolving your specific business plan. It is highly unlikely that you will need to develop an Executive Team Summary, Industry Analysis, Competitive Analysis, 5-year Cash Flow Projections and many of the other elements a formal business plan may require to be completed. In fact, the very worst time to lock yourself into a long term business plan is while you are starting your agency.
Do you need a sample travel agency business plan template or feasibility study? Do you want to know what it takes to start a travel and tour company? If YES, then i advice you read on.
The Service industry is a key industry in the economy of most countries; and loads of entrepreneurs build their businesses around this industry.
Travel agency happens to be part of the service sector and to say the least; this line of business is a contributor to the economies of most countries of the world, especially countries that attracts loads of visitors all through the year or countries whose citizens travel a lot.
The average human wants to see other parts of the world, he wants to relax and have fun too. If you are able to catch a glimpse of the list of things most people want to do before they pass on, traveling to some part of the world would most likely be on the list for most people.
For others, the need to travel is not born out of pleasure but for businesses, conferences or due to the nature of their jobs. Whichever one it is, the travel industry remains a multi-billion dollar industry that continues to boom and double in size on a yearly basis. The travel industry is a big industry within the tourism industry.
Everyday, people are traveling from one part of the world to the other. And we all know that where there is demand, money is bound to flow and wherever money flows; entrepreneurs are there to tap into such opportunities.
The major players is this travel agency business plan 2013 are the transportation companies Airline, Cruise and Shipping companies and other transporters and a special category of people that work behind the scenes to ensure that travelers are comfortable on their trips and get value for their money.
These people are known as travel agents. Their duties include but are not limited to-: Hunting for the best prices on services from travel tickets to hotel accommodations and even event tickets. Travel ticket booking and reservations.
Hotel booking and reservations. Provision of ground transportation through car rental service companies for clients during their stay in foreign countries. Arranging special tours for people who wish to travel or go on vacations. Arranging for travel insurance for their clients.
Providing visa assistance and travel advisory services to clients. Providing any form of service or assistance that would improve the travel experience of clients. Since you are interested in starting your own traveling agency, it is important to have a good grasp of what traveling agency does and how they make their money.
Of course one of the best means to know how travel agent work and make their money is to work and understudy a successful travel agent.
It is easier to know the trade secret of a business when you are involved in the day — to — day running of the business; that is, when you are employed in the business. So, if you want to know how travel agents work and make their money, your best choice is to seek employment in a traveling agency company.
Some travel agents might be creative enough to be able to create non — conventional ways of making money, which is the reason why you should understudy a successful travel agent around you. It makes it easier for you to learn the ropes before starting out as a travel agent.
Now let us consider how travel agent work and how they make their money as well; a. Travel Agent Sell Transportation Part of what travel agent do is that they sell transportation to individual who wants to travel.
Most people find it easier, faster and convenient to buy their flight tickets, train tickets and ship — cruise tickets from traveling agency. What travel agents do is that they buy this ticket at a discount price and when they sell the ticket they make their money or they enter an agreement with the transport company and they sell their tickets and make commissions as agreed.
Travel Agent Sell Lodging Another key business activity of travel agents is that they sell lodgings to their clients.
Selling lodging means that they help in making both local and international hotel reservations for their client. If you want to travel to a country and you intend lodging in a hotel during the course of your stay, it is the duty of travel agents to help source for suitable hotel that will fit into your need and budget and then book the hotel on your behalf.
In some cases, the traveling agent might have a business relationship with the hotel. In this regard, they make their money from commissions. Travel Agent Sell Tickets to Entertainment Activities Travel agents also sell tickets for entertainment activities all around the world.
For example; if you intend traveling from Lagos to Los Angeles to attend The Grammy Awards ceremony, it will be easier for you to get your ticket via a traveling agent because they know how to handle the logistics involved in securing such tickets that might seem scarce.Aug 21, · Expert and Experienced Travel Agency Owner, Ms.
Sharon Perez as she speak about Why Travel Agency Business is a Good Business nowadays. HOW TO WRITE A BUSINESS PLAN FOR TRAVEL AGENCY. A business plan is an essential road-map for business success. Creating a business plan can be very helpful when starting your own travel business.
Start Your Own Travel Business: Cruises, Adventure Travel, Tours, Senior Travel (StartUp Series) Kindle Edition. About This Blog. The purpose of this blog is to communicate with the public about all things TSA related. Check in regularly for "TSA Travel Tips" and our "TSA Week in Review" series where we provide a rundown of firearm discoveries and other interesting finds.
Sample Business Plans Travel Tour Agency Sample Business Plan. Start-Up your travel tour agency with a business plan similar to this detailed example. TRAVEL AGENCY BUSINESS PLAN ROMANIAN EXPERIENCE 1. The Business Romanian Experience will begin operations this year and provide travel packages with upscale accommodations, gourmet food, and quality service providers to the clients.