Tourism Business Plan

This post can be used as a blueprint as you go through the stages up until, and after, your first tour.

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Write Your Business Plan With all the legalities taken care of, it’s time to write your business plan.

A business plan is a document that holds all of your ideas.

Purchase Liability Insurance Protect your business, and yourself, by getting liability insurance.

This ensures that your company cannot be held accountable for risks.

To find out if you need to register as a guide, check in with your local tourism board.

Open a Business Bank Account Now that you have a business license the next things you’ll want to do is open a corporate bank account.It’s okay if you don’t have all the answers right away but it’s good to know what to focus on as you grow.Create Your Unique Selling Proposition With your business plan in hand, it’s time to lock down your unique selling proposition.Your insurance company can guide you on your coverage needs.Some commonly required in the tourism industry are Commercial General Liability (CGL), Property Insurance, and Accounts Receivable Insurance.Create a marketing plan, an operations plan, and a list of your products and services.Make financial projections and be sure you account for seasonality.If your name-checks all the boxes, go to your local Registrar of Companies to get it approved and then purchase your domain.Don’t forget to ask yourself this question before you name your tour.While it’s important to consider your operating costs and market value, the main thing you need to figure out is what customers are willing to pay.Keep in mind seasonality, as well as prices for children and groups.