Six Months' Operating Expenses —Funds for this use are necessitated by the time required to set up operations and to gain the full revenue impact of the marketing program. The funds are also required because of the cruise lines' commission payment policy. Commissions are paid after the cruise is completed, therefore payment time from booking the cruise to receiving payment can be as much as 60 days. Equipment —The equipment category includes expenditures for an Internet server, computers, and related items.
Schools High Schools, Colleges and Universities Sport Organizations Entrepreneurs and Start — Ups Our Competitive Advantage The level of competitions in the travel agency line of business depends largely on the location of the business and of course the niche of your travel agency.
If you can successfully create a unique brand identity for online tourism business plan travel agency or carve out a unique market, you are likely going to experience less competition.
For instance if you are one of the few travel agency in your country or state that handles pilgrimage travels, you are show going to be making constant mega box year after year.
This is so because religious faithful are always traveling for pilgrimage journey annually. Although the competition in the travel agency line of business is not just within travel agencies but also other travel related service providers. For example, it is now easier for you a traveler to book his or her hotel accommodation, book flight ticket, reserve taxi cab or rent car ahead of his journey from the comfort of his or her home with the aid of the internet simply because most of the service provider are by — passing travel agencies and taking their services directly to their target market.
They are people who are core professionals and licensed and highly qualified travels and tours experts in the United States. These are part of what will count as a competitive advantage for us.
Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category startups travels and tours agencies in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.
Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. We will also ensure that our excellent job deliveries online tourism business plan for us in the market place; we want to build a standard travels and tours business that will leverage on word of mouth advertisement from satisfied clients both individuals and corporate organizations.
Our goal is to grow our travels and tours agency to become one of the top 20 travels and tours agencies in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the Las Vegas but also in other cities in the United States of America.
Promptness in bidding for travels and tours contracts from the government, religious organizations and other cooperate organizations Advertise our business in relevant travels and tours magazines, newspapers, TV stations, and radio station.
We are well positioned to take on the available market in the U. We have been able to critically examine the travels and tours market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.
The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Las Vegas — Nevada.
Please note that the above projection might be lower and at the same time it might be higher. Travel agencies also generate incomes from selling of traveling related insurance policy cover, sale of travel guide books and through the sale of foreign currencies.
In addition, we will also offer special discounted rates to start — ups, nonprofits, cooperatives, and small social enterprises. Here are the payment options that we will make available to our clients; Payment by via bank transfer Payment via online bank transfer Payment via check Payment via bank draft Payment with cash In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.
Travel Agency Business Plan — Publicity and Advertising Strategy We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.
We are set to take the travels and tours industry by storm which is why we have made provisions for effective publicity and advertisement of our travels and tours agencies.
Travel Agency Business Plan — Financial Projections and Costing Starting a travel and tours agency can be cost effective; this is so because on the average, you are not expected to acquire expensive machines and equipment. Basically what you should be concerned about is the amount needed to secure a standard office facility in a good and busy business district, the amount needed to furniture and equip the office, the amount to purchase the required software applications, the amount needed to pay bills, promote the business and obtain the appropriate business license and certifications.
They are the sole financial of the firm, but may likely welcome partners later which is why they decided to restrict the sourcing of the start — up capital for the business to just three major sources.
These are the areas we intend generating our start — up capital; Generate part of the start — up capital from personal savings Source for soft loans from family members and friends Apply for loan from my Bank N.
All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited. We are aware of this which is why we have decided to offer a wide range of event planning and other related services to both individual and corporate clients.
We know that if we continue to deliver excellent travels and tours services, there will be steady flow of income for the organization. Our key sustainability and expansion strategy is to ensure that we only hire competent employees, create a conducive working environment and employee benefits for our staff members.
In the nearest future, we will explore the options of either selling out franchise or expanding our scope beyond Las Vegas — Nevada to other major cities in the United States of America.
We know that if we implement our business strategies, we will achieve our business goals and objectives in record time. Completed Opening Online Payment Platforms: In Progress Application for business license and permit: Completed Purchase of All form of Insurance for the Business: Completed Conducting Feasibility Studies: Completed Generating part of the start — up capital from the founder: Completed Applications for Loan from our Bankers: In Progress Writing of Business Plan: Completed Drafting of Contract Documents: Completed Recruitment of employees: In Progress Purchase of the Needed software applications, furniture, office equipment, electronic appliances and facility facelift: In progress Creating Official Website for the Company: In Progress Establishing business relationship with vendors and key players in the industry:Sep 03, · To start a home-based business in the travel industry, decide if you want to earn referral fees from bigger companies, or if you want to book and sell travel packages yourself.
Next, write a business plan that provides a solid foundation for your company%(). Sample Business Plans Travel Tour Agency Sample Business Plan. Start-Up your travel tour agency with a business plan similar to this detailed example.
To assist potential lenders this plan will describe the company's history, the Memory Lane Cruises website, overview of the Internet travel agency, the company's planned operations, the operating budget and revenue potential, business plan timetable, use of proceeds, management and financial information including projected balance sheets.
A Sample Travel Agency Business Plan Template. Business Overview; Statistics has it that as far back as , the total market size for travel agencies in the United States experienced a sharp decline, dropping from an estimate of $17 billion in to $ billion.
Check out Travel Business Plan Template Free that is an exhaustive template featuring all important aspects related to business travel plan, its objectives, strategies, monitoring, review, etc in a comprehensive executive summary.
Jul 25, · Breaking into the travel business is a good way to start a service-based business from home. You can base your business on referring travelers to travel companies, or .