Need a business plan for travel agency? This is one of many industries that have been dramatically revamped by the age of the Internet. Considering how easy it sometimes feels to book flights and hotels online, consumers have become empowered to make their own travel arrangements. But the best deals are not always online—even through discount providers like Priceline, sometimes a qualified travel agent can do better. They also offer special guarantees, promotions, and a unique service to busy executives, older people who aren't web savvy, and others who trust a person more than a website. If this is your business model, you need a plan that:
• Shows the market opportunity
• Lists and explores your target customers
• Details the likely start-up or expansion costs
• Looks at the closest competitors (direct and indirect)
• Provides a thorough marketing strategy
The business plan will need to describe how your travel agency fits in this fragmented industry. Are you competing against Expedia and Orbitz, or the local travel agent across town? Do you work mostly on referrals, or is aggressive marketing (even online) more important? Who leads your company and who do you need to hire going forward? The personnel plan and revenue forecast should show potential backers what you'll do to make sure that the business succeeds. If you're intimidated by the pro forma or are already too busy booking packages for people to do all the research, let MasterPlans pitch in. We've been writing customized plans since 2002 and can help you today: (877) 453-2011.
If you are ready to go, or not sure what kind of plan you need, fill out the form below and we'll call you.