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Free Travel Agency Business Plan
If you are setting up a Travel Agency business then it is prudent for you to put pen to paper a Travel Agency business plan. If you need capital for your business this will assist you with it and even if you are lucky to have enough funds to set up your own business then a business plan will assist you in your business stratagem. This will improve the likelihood of your business being a hit, which cannot be a bad thing.
Your plan should consist of the following...
Travel Agency Executive Summary
Your Travel Agency executive summary should be written at the end (even though it should occur at the top of your plan) after you have done all the ground work in preparation of your business plan - it is after all intended to be a summing up of your business. This is the page that ought to grab the attention of the reader and make them comprehend what your Travel Agency business is concerning. By and large it ought to present the reader three years highlights of your business or longer if you come up with a more long term business plan - i.e. when the financier(s) are apt to start seeing some yield on their investment. The Travel Agency executive summary ought to reference the major protagonists who are available to assist run the business and generate the profits for the investors and if any additional management will be required in the process. Click here for more free advice on how to write your executive summary.
Travel Agency Objectives
As the executive summary by and large includes the breakdown of the first three years - your objectives must as well be set out for your first 3 years of operation - this may perhaps be a small number or might be much more exhaustive - it's completely up to you, however having unrealistic goals to achieve for your Travel Agency business in an unrealistic timeframe will put possible investors off considerably than them being impressed at your high objectives.Read more about business objectives.
Travel Agency Mission
Various people see objectives and mission as the same thing but they aren't - objectives are there for you to meet your mission. The final mission of any business should be to sell it! If you can build your Travel Agency business up to sell it at the same time as retaining a quantity of shares then you will have achieved victory. To achieve your last mission you will almost certainly require a quantity of smaller missions - these might be to attract a certain revenue, to attain a certain amount of customers, to push a certain amount of units of a product or service and your objectives are there to meet this mission.
Check out some of these example mission statements before you have a go at writing your own mission statement.
Keys to Success
You ought to advise people how and why your Travel Agency business is going to be a hit - if you cannot think of something to write here then you are relying on a lot of luck. Even if your remedy is just that you are going to work harder than your competitor - then at least that is something...but you will need to back it up with some proof especially if you are looking for funding in your Travel Agency business.
Company Summary
Here you should put in writing a basic structure of your business over the next 3 years unless you have a long term plan.
Company Ownership
In simple terms write who is going to own the Travel Agency business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it is fairly widespread for somebody to be in possession of part of a business but have no voice in how that company is run. You need to disclose if the business is a limited company, private, public or if you are a one man band.
Not sure which business structure to go for?
Location(s) and facilities
Where is your Travel Agency business going to be trading from and why are you going to be trading from this location - you might not be able to give a pinpoint address at this primitive stage but you need to narrow it down as much as you can, as clearly this will have a fundamental effect on your business. It is more often than not effortless to get premises for any Travel Agency business specially in this climate with so many businesses folding, but getting the right business premises for the right money is a different prospect entirely.
Read more about business premises.
Start-up Summary for your Business
Before you start trading it's a good idea to have a business bank account and you are also going to have to choose a new name for your Travel Agency Business.
Before you can push any products or services you need to write down accurately all of the equipment you are going to need and if you are going to need any funds in order to pay for all of these things. You may need to adjust your start-up summary depending on your fiscal position - so you may well prefer selected Travel Agency equipment although not be capable of buying it until you have sold several units of product / service.
Travel Agency Start-Up Costs
This is a up-front inventory of things you need to buy and stuff you can bring into the business if you already own them before your Travel Agency business can start operating. If you don't have enough cash you should also incorporate who is going to present this wealth to get your Travel Agency business going.
Visit this page for more typical start up costs.
Travel Agency Investment
If you do not have sufficient funds you ought to bring in the total investment you are going to need and furthermore include the breakdown of the parties that are going to finance the investment. Include the equity being given away to fund this or loan agreements in order to finance the deal. Will you require a small business bank loan? If you cannot get a bank loan don't worry there are alternative methods for funding your Travel Agency Business.
Travel Agency Business Plan Page 2
Useful Travel Agency Resources
Travel Agency Marketing Plan | Travel Agency Equipment | Travel Agency Online
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