Details about market analysis, strategy, management, and financial plan are described in this study.
AIT is a travel agency that provides adventure trips and consultation to its customers with a view to make their vacation worthy.
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.
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.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.The idea behind setting – up this business is its high growth rate; travel industry growth rate is 4% and 10% of adventure travel per year.AIT will take advantage of this growing sector by providing full adventure packages with the support of experienced staff and effective marketing.Summarize your business's mission to the prospect and be prepared to make a pitch before letting the prospect go. Disclaimer: This work has been submitted by a student.