Are you about starting a travel agency online?

If YES, here is a
complete sample travel agency business plan template &
feasibility report you can use for FREE.
Okay, so we have considered all the requirements for starting a travel
agency. We also took it further by analyzing and drafting a sample
travel agency marketing plan template backed up by actionable
guerrilla marketing ideas for travel agencies. So let’s proceed to the
business planning section.
The travels and tourism industry of which travel agencies belong to is
a big and profitable industry in the United States of America and of
course all across the globe. The travels and tourism industry provide
jobs directly and indirectly to countless numbers of entrepreneurs all
over the globe. The opportunities that are available in the industry cuts
across service deliveries and product sales et al.

Why Start a Travel Agency?

One thing is certain, it is a fact that the travels and tourism industry is
not all about tourists but also about all those who travel from one
country to another, from one city to another for various purposes and
with the help of traveling agencies. This is why any investor or
entrepreneur who is looking towards starting a business in the travels
and tourism industry should consider starting a travel agency.
The line of business (travel agency) is open to both big time investors
who have the financial capacity to invest in the travel and tourism
industry and also aspiring entrepreneurs who just want to make a
living but don’t have start – capital. As a matter of fact aspiring
entrepreneurs who don’t have start – up capital can start out as
freelance travel agents if they are diligent enough, they can build a big
and well organized traveling agency.
Simply put, travel agencies render services that cover all aspect of
traveling. They help their clients in securing visas (especially transit
visas), purchase flight tickets, book hotels, book taxi cabs and bus
shuttle services and of course make arrangement for site seeing
amongst other services.
They work in conjunction with service providers such as airline
companies, car rentals companies, cruise lines companies, hotels,
railways, tourist sites managers and perhaps interpreters and security
agencies (supply of bodyguards et al for celebrities and other VIP
clients).

So if you are looking towards starting a business in the travels and

tours industry, then one of your best options is to start a travel agency.
It is a cool way of making money from the industry and with little start
– up capital a serious minded entrepreneur can successfully launch
this type of business.
How Do Travel Agencies Make Money?
The norm in this industry is that, travel agencies make their money via
commission they get by offering traveling related services such as
booking for flight tickets, securing transit visas, booking for shuttle
buses / taxi cabs, car rentals, hotel bookings and cruise line bookings
amongst many other services.
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.
Lastly, one good thing about travel agencies is that there is readily
available market for their services simply because people would
always have cause to move or travel from one destination to another
be it local travels or international travels.
A Sample Travel Agency Business Plan Template
• Business Overview
Statistics has it that as far back as 2009, the total market size for
travel agencies in the United States experienced a sharp decline,
dropping from an estimate of $17 billion in 2008 to $14.5 billion.
Cruise line booking remains one of the most profitable aspects of
travel agencies, as a matter of fact, they handle an estimate of about
77% of bookings in that line of business and also an estimate of about
73% of packaged travel tour as it relate to cruise line services.
It is on record that Brownell Travel which was founded on July 4, 1887
by Walter T. Brownell is the oldest travel agency in the United States
of America and it took several years, in the 1920s to be specific for
travel agencies to become a popular business that looks promising
and profitable.
Available data shows that employment of travel agents is projected to
decline 12 percent from 2014 to 2024. This is so because the ability of
travelers to use the Internet to research vacations and book their own
trips is expected to continue to subdue demand for travel agents.
Ad

Since 1995 till date, many airline companies around the globe and
most airline companies in the United States of America no longer pay
commissions to travel agencies whenever they help clients book
airline tickets. What traveling agencies now do is to ensure that they
add their commission to the price of the tickets whenever they are
selling to their clients.
In recent time, with the advent of the internet and the general public
accessing the Internet, many airline companies have started selling
their tickets directly to their target market via their online portal. So
also it is now easier for other business in the value chain of travels
and tours industry to now directly sell their services via their online
portal to their target market.
Service providers such as airline companies, car rentals companies,
cruise lines companies, hotels, railways, tourist sites managers and
perhaps interpreters and security agencies et al. which is why you
can’t find any airline company paying commissions to travel agents on
each ticket they sold.
No doubt the travel agency line of business cannot be said to be
oversaturated despite the challenges most traveling agencies are
facing. The source of the challenges cannot be far – fetched, as a
matter of fact, with many people swapping to self-service internet
websites, the number of available services and even jobs as travel
agents is decreasing despite the fact that there are more travelers
than ever before.
Some of the factors that encourage entrepreneurs to start their own
travel agencies could be that the business is easy to set up and the
start – capital is indeed affordable; you can actually start your own
travel agency business from the comfort of your home. All you need to
do is to create an office somewhere in your house.
Travel Agency Business Plan – Executive Summary
Chris Williams Travels & Tours, LLC is a registered and standard
travels and tours agency that will be based in Las Vegas – Nevada.
The company will handle all aspect of travels and tours related
business such as booking for flight tickets, securing transit visas,
booking for shuttle buses / taxi cabs, car rentals, hotel bookings and
cruise line bookings amongst many other travels and tours related
services such as selling of traveling related insurance policy cover,
sale of travel guide books and through the sale of foreign currencies.
We are aware that to run an all – round travel and tour agency can be
demanding which is why we are well trained and equipped to perform
excellently well.
Chris Williams Travels & Tours, LLC is a client-focused and result
driven travels and tours agency that provides broad-based experience
at an affordable fee that won’t in any way put a hole in the pocket of
our clients. We will offer a standard and professional travels and tours
services to all to our individual clients, and corporate clients at local,
state, national, and international level. We will ensure that we work
hard to meet and surpass our clients’ expectations whenever they hire
our services.
At Chris Williams Travels & Tours, LLC, our client’s best interest would
always come first, and everything we do is guided by our values and
professional ethics. We will ensure that we hire professionals who are
well experienced in the travels and tours industry.
Chris Williams Travels & Tours, LLC will at all times demonstrate her
commitment to sustainability, both individually and as a firm, by
actively participating in our communities and integrating sustainable
business practices wherever possible. We will ensure that we hold
ourselves accountable to the highest standards by meeting our client’s
needs precisely and completely. We will cultivate a working
environment that provides a human, sustainable approach to earning
a living, and living in our world, for our partners, employees and for
our clients.
Our plan is to position the business to become the leading brand in
the travels and tours line of business in the whole of Nevada, and also
to be amongst the top 20 travels and tours agencies in the United
States of America within the first 10 years of operations.
This might look too tall a dream but we are optimistic that this will
surely come to pass because we have done our research and
feasibility studies and we are enthusiastic and confident that Las
Vegas is the right place to launch our travels and tours agency before
spreading to other parts of The United States.
Chris Williams Travels & Tours, LLC is founded by Chris Williams and
family. The organization will be managed by Chris Williams and other
members of his family and partners. He has well over 15 years of
experience working at various capacities within the travels and tours
industry in the United States of America. Mr. Chris Williams graduated
from both University of California – Berkley (First Degree), and
University of Harvard (MSc.) and he is a Certified Travel Agent (CTA),
a Travel and Tourism Professional (TTP) and he has a Total Travel
Certification (TTC).
• Our Product and Services
Chris Williams Travels & Tours, LLC is going to offer varieties of
services within the scope of the travels and tours industry in the
United States of America. Our intention of starting our travels and
tours agency is to make profits from the industry and we will do all that
is permitted by the law in the United States to achieve our business
goals, aim and ambition.
Our business offering are listed below;
• Travels and Tours consulting and advisory services for
individuals and corporate clients
• Selling of traveling related insurance policy cover, sale of travel
guide books and through the sale of foreign currencies.
• Booking for flight tickets
• Securing transit visas
• Booking for shuttle buses / taxi cabs
• Car rental services
• Hotel bookings
• Cruise line bookings
Our Vision Statement
Our vision is to build a travels and tours agency brand that will
become the number one choice for both individual clients and
corporate clients in the whole of Las Vegas – Nevada. Our vision
reflects our values: integrity, service, excellence and teamwork.
• Our Mission Statement
Our mission is to provide professional and trusted travels and tours
services that assist individuals, corporate organization and non-profit
organizations in organizing all of their travels and tours. We are to
position the business to become the leading brand in the travels and
tours line of business in the whole of Nevada, and also to be amongst
the top 20 travels and tours agency in the United States of America
within the first 10 years of operations.
• Our Business Structure
Chris Williams Travels & Tours, LLC will build a solid business
structure that can support the growth of our business. We will ensure
that we hire competent hands to help us build the business of our
dream. The fact that we want to become one of the leading travels
and tours agencies in the United States makes it highly necessary to
deliberately build a well – structured business from the onset.
Below is the business structure that we will build Chris Williams
Travels & Tours, LLC;
• Chief Executive Officer
• Travels and Tours Consultant
• Admin and HR Manager
• Marketing and Sales Executive
• Accountant
• Customer Care Executive / Front Desk Officer
Roles and Responsibilities
Chief Executive Office:
• Responsible for providing direction for the firm
• Creating, communicating, and implementing the organization’s
vision, mission, and overall direction – i.e. leading the
development and implementation of the overall organization’s
strategy.
• Responsible for handling high profile clients and deals
• Responsible for fixing prices and signing business deals
• Responsible for signing checks and documents on behalf of the
company
 • Evaluates the success of the organization
• Reports to the board
Travels and Tours Consultant
• Responsible for booking for flight tickets, securing transit visas,
booking for shuttle buses / taxi cabs, car rentals, hotel bookings
and cruise line bookings amongst many other travels and tours
related services for clients
• Plan, design and produce events while managing all project
delivery elements within time limits
• Liaise with clients to identify their needs and to ensure customer
satisfaction
• Conduct market research, gather information and negotiate
contracts prior to closing any deals
• Provide feedback and periodic reports to stakeholders
• Propose ideas to improve provided services and tourism quality
• Ensure compliance with insurance, legal, health and safety
obligations
• Cooperate with marketing and PR to promote and publicize
travels and tours events
• Conduct pre- and post – travels and tours events evaluations
and report on outcomes
• Research market, identify travels and tours opportunities and
generate interest
Admin and HR Manager
• Responsible for overseeing the smooth running of HR and
administrative tasks for the organization
• Design job descriptions with KPI to drive performance
management for clients
• Regularly hold meetings with key stakeholders to review the
effectiveness of HR Policies, Procedures and Processes
• Maintains office supplies by checking stocks; placing and
expediting orders; evaluating new products.
• Ensures operation of equipment by completing preventive
maintenance requirements; calling for repairs.
• Defining job positions for recruitment and managing interviewing
process
• Carrying out staff induction for new team members
 • Responsible for training, evaluation and assessment of
employees
• Responsible for arranging travel, meetings and appointments
• Updates job knowledge by participating in educational
opportunities; reading professional publications; maintaining
personal networks; participating in professional organizations.
• Oversee the smooth running of the daily office activities.
Marketing and Sales Executive
• Responsible for selling of traveling related insurance policy
cover, sale of travel guide books and through the sale of foreign
currencies.
• Identify, prioritize, and reach out to new partners, and business
opportunities et al
• Identifies development opportunities; follows up on development
leads and contacts; participates in the structuring and financing
of projects; assures the completion of development projects.
• Writing winning proposal documents, negotiate fees and rates in
line with company policy
• Responsible for handling business research, marker surveys and
feasibility studies for clients
• Responsible for supervising implementation, advocate for the
customer’s needs, and communicate with clients
• Develop, execute and evaluate new plans for expanding
increase sales
• Document all customer contact and information
• Represent the company in strategic meetings
• Help increase sales and growth for the company
Accountant
• Responsible for preparing financial reports, budgets, and
financial statements for the organization
• Provides managements with financial analyses, development
budgets, and accounting reports; analyzes financial feasibility for
the most complex proposed projects; conducts market research
to forecast trends and business conditions.
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and
financial reporting for one or more properties.
 • Responsible for developing and managing financial systems and
policies
• Responsible for administering payrolls
• Ensuring compliance with taxation legislation
• Handles all financial transactions for the company
• Serves as internal auditor for the company
Client Service Executive / Front Desk Officer
• Welcomes guests and clients by greeting them in person or on
the telephone; answering or directing inquiries.
• Ensures that all contacts with clients (e-mail, walk-In center,
SMS or phone) provides the client with a personalized customer
service experience of the highest level
• Through interaction with clients on the phone, uses every
opportunity to build client’s interest in the company’s products
and services
• Manages administrative duties assigned by the manager in an
effective and timely manner
• Consistently stays abreast of any new information on the
company’s products, promotional campaigns etc. to ensure
accurate and helpful information is supplied to clients
• Receives parcels / documents for the company
• Distribute mails in the organization
• Handles any other duties as assigned my the line manager
Travel Agency Business Plan – SWOT Analysis
Chris Williams Travels & Tours, LLC engaged the services of a core
professional in the area of business consulting and structuring to
assist the firm in building a well – structured travels and tours agency
that can favorably compete in the highly competitive travels and tours
industry.
Part of what the team of business consultant did was to work with the
management of our organization in conducting a SWOT analysis for
Chris Williams Travels & Tours, LLC. Here is a summary from the
result of the SWOT analysis that was conducted on behalf of Chris
Williams Travels & Tours, LLC;
• Strength:
Our core strength lies in the power of our team; our workforce. We
have a team that can go all the way to give our clients value for their
money; a team that are trained and equipped to pay attention to
details. We are well positioned and we know we will attract loads of
clients from the first day we open our doors for business.
• Weakness:
As a new travels and tours agency, it might take some time for our
organization to break into the market and gain acceptance especially
from corporate clients in the already saturated travels and tours
industry; that is perhaps our major weakness.
• Opportunities:
The opportunities in the travels and tours industry is massive
considering the number of individuals, families and corporate
organizations who travels on a daily basis within the United States and
to other parts of the world. As an all – round travels and tours agency,
we are ready to take advantage of any opportunity that comes our
way.
• Threat:
Some of the threats that we are likely going to face as a travels and
tours agency operating in the United States are unfavorable
government policies, the arrival of a competitor within our location of
operations and global economic downturn which usually affects
purchasing / spending power. There is hardly anything we can do as
regards these threats other than to be optimistic that things will
continue to work for our good.
Travel Agency Business Plan – MARKET ANALYSIS
• Market Trends
A common trend in the travels and tours industry is that in recent time,
with the advent of the internet and the general public accessing the
Internet, many airline companies have started selling their tickets
directly to their target market via their online portal.
So also, it is now easier for other business in the value chain of travels
and tours industry to now directly sell their services via their online
portal to their target market. Service providers such as airline
companies, car rentals companies, cruise lines companies, hotels,
railways, tourist sites managers and perhaps interpreters and security
agencies et al. which is why you can’t find any airline company paying
commissions to travel agents on each ticket they sold.
The travels and tours industry is in a continuous state of evolution and
as such, ground breaking strategies and ideas that are once highly
successful are no longer as productive as they were in time past.
Close observation of the trend in the industry reveals that the past few
years have seen the rise and proliferation of social media and new
tech tools. The trend also extends to increased attention paid to
engagement and new market segments, adopting eco-friendly
measures and sustainability when planning travels and tours events.
As a matter of fact, social media has now become one of the most
important tools travels and tours agencies leverage on to disseminate
information about their travels and tours events, interact with clients,
solicit feedback, and create year-round engagement with their target
audience. Furthermore, new software apps and emerging technology
have made it easier for travel and tours agencies to gather all the
needed data and information that will help them plan and project for
the future.
People that start travel agency can as a matter of fact start the
business from a small office space / shared office space and still make
headway in the business. One thing is certain when it comes to travel
agency business, you are sure of making profits in form of
commissions when you are able to successfully book flight tickets,
hotel reservation, taxi cab reservation and any other travel related
services for a client. You are going to get your cut as soon as they
make payment.
The truth is that, the cost of running a travel agency can be kept to the
barest minimum because there are always ways you can cut
operational and overhead cost. As a matter of fact, most people that
run travel agencies have abandoned the “brick and mortar” agency for
a home-based business just for the sole aim of reducing overhead,
and maximizing profits.
• Our Target Market
The demographic and psychographics composition of travel agencies
cuts across people from all works of life; there is no clear distinction
on those that would naturally need the services of travel agencies.
Although a travel agency might decide to concentrate on high –
income earning clients, and another travel agency might only
concentrate on corporate clients. The bottom line is that anyone that
can afford to travel from one country to another is a potential client for
travel agencies.
Although Chris Williams Travels & Tours, LLC will initially serve small
to medium sized business, from new ventures to well established
businesses and individual clients, but that does not in any way stop us
from growing to be able to compete with the leading travels and tours
agencies in the United States.
As an all – round travels and tours agency, Chris Williams Travels &
Tours, LLC offers a wide range of services hence we are well trained
and equipped to services a wide range of clientele base.
Our target market cuts across people of different class and people
from all walks of life, local and international organizations as well. We
are coming into the industry with a business concept that will enable
us work with the highly placed people and companies in the country
and at the same with the lowly placed people and smaller businesses.
Below is a list of the people and organizations that we have
specifically design our products and services for;
• Potential Couples / Young Adults
• Blue Chips Companies
• Corporate Organizations
• Religious Organizations (Pilgrimage journeys et al)
• Political Parties / Politicians
• Households / Families
• The Government (Public Sector)
• 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 your 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.
We are quite aware that to be highly competitive in the travels and
tours industry means that we should be able to deliver consistent
quality service, our clients should be able to experience remarkable
difference cum improvement and we should be able to meet the
expectations of both travelers / tourists and our partners (services
providers).
Chris Williams Travels & Tours, LLC might be a new entrant into the
travels and tours industry in the United States of America, but the
management staffs and owners of the business are considered gurus.
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.
Travel Agency Business Plan – SALES AND MARKETING
STRATEGY
We are mindful of the fact that there are stiffer competition amongst
travels and tours agencies and other related service providers in the
United States of America, hence we have been able to hire some of
the best business developer to handle our sales and marketing.
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
speak 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.
Chris Williams Travels & Tours, LLC is set to make use of the following
marketing and sales strategies to attract clients;
• Introduce our business by sending introductory letters alongside
our brochure to corporate organizations, schools, households
and key stake holders in Las Vegas and other cities in Nevada.
• 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.
• List our business on yellow pages ads (local directories)
• Attend relevant international and local travel and tours expos,
seminars, and business fairs et al
• Create different packages for different category of clients in order
to work with their budgets and still deliver quality services to
them
• Leverage on the internet to promote our business
• Engage direct marketing approach
• Encourage word of mouth marketing from loyal and satisfied
clients
Sources of Income
Chris Williams Travels & Tours, LLC is established with the aim of
maximizing profits in the travels and tours industry and we are going
to go all the way to ensure that we do all it takes to attract clients on a
regular basis and sign retainer – ship with most of our clients.
Chris Williams Travels & Tours, LLC will generate income by offering
the following travels and tours services for individuals and for
corporate organizations;
• Travels and Tours consulting and advisory services for
individuals and corporate clients
• Selling of traveling related insurance policy cover, sale of travel
guide books and through the sale of foreign currencies.
• Booking for flight tickets
• Securing transit visas
• Booking for shuttle buses / taxi cabs
• Car rental services
 • Hotel bookings
• Cruise line bookings
Sales Forecast
One thing is certain; there would always be individuals, families and
corporate organizations that would travel on a daily basis within the
United States and to other parts of the world.
We are well positioned to take on the available market in the U.S. and
we are quite optimistic that we will meet our set target of generating
enough income / profits from the first six month of operations and
grow the business and our clientele base beyond Las Vegas to other
cities in Nevada and other states in the U.S.
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.
Below is the sales projection for Chris Williams Travels & Tours, LLC,
it is based on the location of our business and the wide range of
travels and tours services that we will be offering;
• First Year-: $150,000
• Second Year-: $350,000
• Third Year-: $750,000
N.B: This projection is done based on what is obtainable in the
industry and with the assumption that there won’t be any major
economic meltdown and natural disasters within the period stated
above. There won’t be any major competitor offering same additional
services as we do within same location. Please note that the above
projection might be lower and at the same time it might be higher.
• Our Pricing Strategy
The norm in this industry is that, travel agencies make their money via
commission they get by offering traveling related services such as
booking for flight tickets, securing transit visas, booking for shuttle
buses / taxi cabs, car rentals, hotel bookings and cruise line bookings
amongst many other services.
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.
At Chris Williams Travels & Tours, LLC we will keep our fees below
the average market rate for all of our clients by keeping our overhead
low and by collecting payment in advance. In addition, we will also
offer special discounted rates to start – ups, nonprofits, cooperatives,
and small social enterprises.
We are aware that there are some clients that would need regular
access to travels and tours consultancy and advisory services and
assistance, we will offer flat rate for such services that will be tailored
to take care of such clients’ needs.
• Payment Options
At Chris Williams Travels & Tours, LLC, our payment policy will be all
inclusive because we are quite aware that different people prefer
different payment options as it suits them. 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.
Below are the platforms we intend to leverage on to promote and
advertise Chris Williams Travels & Tours, LLC;
• Place adverts on both print (community based newspapers and
magazines) and electronic media platforms
• Sponsor relevant community based events / programs
• Leverage on the internet and social media platforms like;
Instagram, Facebook , twitter, YouTube, Google + et al to
promote our brand
• Install our Bill Boards on strategic locations all around Las Vegas
– Nevada.
 • Engage in road show from time to time
• Distribute our fliers and handbills in target areas
• Ensure that all our workers wear our branded shirts and all our
vehicles are well branded with our company’s logo et al.
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.
This is the financial projection and costing for starting Chris Williams
Travels & Tours, LLC;
• The Total Fee for incorporating the Business – $750.
• The budget for basic insurance policy covers, permits and
business license – $2,500
• The Amount needed to acquire a suitable Office facility in a
business district 6 months (Re – Construction of the facility
inclusive) – $40,000.
• The Cost for equipping the office (computers, software
applications, printers, fax machines, furniture, telephones, filing
cabins, safety gadgets and electronics et al) – $ 5,000
• The cost for purchase of the required software applications –
$2,500
• The Cost of Launching your official Website – $600
• Budget for paying at least one employees for 3 months plus
utility bills – $10,000
• Additional Expenditure (Business cards, Signage, Adverts and
Promotions et al) – $2,500
• Miscellaneous: $1,000
Going by the report from the market research and feasibility studies
conducted, we will need over one hundred and fifty thousand
(150,000) U.S. dollars to successfully set – up a medium scale but
standard travels and tours agency in the United States of America.
Generating Funding / Startup Capital for Chris Williams Travels &
Tours, LLC
Chris Williams Travels & Tours, LLC is a family business that will be
owned by Chris Williams and family. 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.B: We have been able to generate about $50,000 (Personal savings
$40,000 and soft loan from family members $10,000) and we are at
the final stages of obtaining a loan facility of $100,000 from our bank.
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.
Travel Agency BUSINESS GROWTH: Sustainability and
Expansion Strategy
It is easier for businesses to survive when they have steady flow of
business deals / customers patronizing their products and services.
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.
Check List / Milestone
• Business Name Availability Check: Completed
• Business Incorporation: Completed
• Opening of Corporate Bank Accounts various banks in the
United States: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: 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 Employee’s Handbook: Completed
• Drafting of Contract Documents: In Progress
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Packaging Marketing /
Promotional Materials: 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
• Creating Awareness for the business (Business PR): In
Progress
• Health and Safety and Fire Safety Arrangement: In Progress
• Establishing business relationship with vendors and key players
in the industry: In Progress