i want to start up a bussiness with my friend. And we decided to try a travel agency bussiness although we travel a lot but we doestnt know how we are going to start.
2007-02-14 17:11:02 · 3 answers · asked by aa 1 in Business & Finance ➔ Small Business
You need a lot....it is a hard business to start. I would suggest either working in an agency to get some expirence or focus on a niche market in travel (i.e., conducting tours). To be a major travel agent (international travel), you need a few years expirence prior to being approved for an IATA. In addition, the bond required is fairly large for a small start up (I believe it was PHP 1,000,000 - 2,000,000, but would double check). In addition, as of last year, no new travel agency permits were being issued in Makati which tells you something about the market saturation.
2007-02-16 19:20:39 · answer #1 · answered by fakebobjones 4 · 0⤊ 0⤋
A business plan that shows clearly your projected income and out going expenses. Registration of a business name being approved.
A good operating capital and insurance against being sued by someone for a bad experience and loss of connections on theoir trip
Support from various carriers that you intend to tout business for.
An ability to speak the langiuage
An ability to operate and maintain computers
Have a degree in Travel
2007-02-14 18:09:51 · answer #2 · answered by Shelty K 5 · 0⤊ 0⤋
you need an office, a computer, some brouchures of different places, posters or pictures of far away lands, connections in the travel biz, talk to airlines and resorts about you getting them buisiness and maybe get deals for your customers, familiarize yourself with all the processes of visas and such. advertising, storefront near a busy area, near international travelers.
You can handle most arrangments on the computer and don't need much.
2007-02-14 17:38:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋