Consider your sales and promotional approach, incorporate data on what prices will the goods or services is settled on, market networks, publicity and selling plans.
Your travel agency business plan should reflect the changing economic trends of the industry.
Providing adventure trips is our primary business and hence we generate profits from it.
The required capital for setting-up the business would be approximately $103,000, out of which some investment would come from personal and remaining would come from long-term loan from First National Bank in north-west location (Edward G. EXPENSES: – this will include rent of the office, consultant’s fees, cost of insurance, electricity, water and other utilities bills.
Travel agency is an organization that organizes and bargains flights, getaways, etc., for backpackers.
The significance of an all-inclusive and considerate business plan for Travel Agency cannot be exaggerated.Prior to signing any kind of partnership or vendor agreement, some prospective clients will want to take a tour first to see how you operate and learn some specifics of your business.Even though you have piqued your prospective client's interest over the phone, this business tour will be your chance to make a good first impression ... Take time to plan a successful tour, and be sure it includes not only the things you would like your prospective client to see, but also the things the prospect needs to see. Ideally you would like 30 days to put all of the details together.The estimated set – up cost for AIT would be approximately 2,500, out of this figure ,000 will be a loan from First National Bank and remaining will be the personal investment.The large percentage of AIT’s target market would be health conscious, ages between 18-34, and families with annual household income of ,000 and it will maintain 10% margins on all airline tickets and 20% gross margins on other services such as lodging, car rental, etc.The format of the business plan generally centers on external sponsorship, finance from the dealers, supervision of your functions and investments, advertising and promotion of your company, and attainment of your targets and purposes.The travel agency business plan should entail both market study along with competitor details, summarizing what section of the industry you are aiming and what distinguishes you from them.Collect information such as who the client is, what kind of product or service you are looking to provide the client, which departments the prospect will need to see and what kind of information you should have available for the client to take away in printed form.If the prospective client is an international one, you will need to check into cultural considerations, such as a proper greeting, the correct way to address your client, and if there is any particular food the client does not like.The large portion of investment will go in setting-up the computer systems.LOANS: – a loan of ,000 would be taken from First National Bank. AIT will be a sole proprietorship owned business that will be located in Central California.