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       Introduction
       1. Travel Market and Its Customers
          Tour Operator 
          Tour Organiser
          Retail Agent, Travel Agent
          Brokers / Flight Consolidators
          Suppliers
          Scale, Niche or Tailored
          Me too customer proposition
       2. Travel Regulation and Legalities
          European Package Travel Regulation
          Civil Aviation Authorities ATOL
          Financial Services Authority (FSA)
          Merchant Acquirer Facilities
          PTR and ATOL Overlap
       3. Cash, surviving the first year
          What are your startup costs
          Business Operating Costs
             Strange impact of fixed costs
          Constructing the cashflow and survival models
          Funding the first year
       4. Marketing and Sales
          Decide on Marketing Messages
          Decide on Target Communications Channels
          Costs and Availability of Target Comms Channels
          Run a Test Marketing Campaign
          Run a test sales campaign
          Re-approach the customer
          Assess your business
       5. Travel Business Operations
          Front Office Operations
          Back Office Operations
       6. Travel Business Network
       7. Travel Business Leadership
          Leadership Style
          Communications Techniques
          Time Management
          Choosing People
       Why TTA
          TTA Membership
          TTA Homeworking
          TTA Technology
          TTA Business Partners
          TTA Travel Expertise
          ATOL Application
       FAQs
       Glossary of Terms
       Feedback
Consumer Zone
       Who is Travel Trust Association?
       What does it mean if a company is a member of TTA?
       How does TTA provide 100% financial protection?
       Failiures
       Complaints procedure
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Current Page: Wantrapreneur / 3. Cash, surviving the first year
 
     
     
     
     
   
3. Cash, Surviving the first year

Why read this section? Cash is like corporate oxygen, without it your business dies very quickly. The immediate question for you to answer is “How many bookings do I need to sell per month to survive?”. This section helps work through to the answer. It then helps you model cash flow to understand any borrowing requirements you might have for your first year of operation.

What you need to know before you read this section: Nothing!

There are four stages to getting to grips with the subject

1. What are your start up costs?

2. What are the operating costs of the business?

3. Constructing the survival and cash flow models

4. Funding your First Year

TTA is very focused on getting your business up and running at low start up costs. We operate a trust fund system which avoids the bonding costs explained in the section on travel regulation. This system also creates a discipline in how you run your cash flow, which helps avoid nasty surprises which can be fatal to the business. In addition, we provide the core travel technology at a very low cost.
     
Copyright© 1993 - 2010 by TTA Travel Unlimited t/a Travel Trust Association. All rights reserved. All specifications subject to change without notice.

TTA Travel Unlimited t/a Travel Trust Association is a company registered  in England and Wales.  Company Number 2813371, VAT No 918483104. Registered Office: Albion House, 3rd Floor, High Street, Woking, Surrey, GU21 6BD. Telephone: 01483 545787, FAX: 01483 730746,  E-MAIL: webmaster@traveltrust.co.uk. We are a member of The Travel Partnership Corporation (TTPC).  Other products and companies referred to herein are trademarks or registered trademarks of their respective companies or mark holders.
 
Copyright © 1993 - 2010 by TTA Travel Unlimited t/a Travel Trust Association
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Home | Wantrapreneur | Consumer Zone | Verify TTA Member | Search for your Nearest Agent | Member Zone | Business Partner Zone
Introduction | 1. Travel Market and Its Customers | Tour Operator | Tour Organiser | Retail Agent, Travel Agent | Brokers / Flight Consolidators | Suppliers | Scale, Niche or Tailored | Me too customer proposition | 2. Travel Regulation and Legalities | European Package Travel Regulation | Civil Aviation Authorities ATOL | Financial Services Authority (FSA) | Merchant Acquirer Facilities | PTR and ATOL Overlap | 3. Cash, surviving the first year | What are your startup costs | Business Operating Costs | Strange impact of fixed costs | Constructing the cashflow and survival models | Funding the first year | 4. Marketing and Sales | Decide on Marketing Messages | Decide on Target Communications Channels | Costs and Availability of Target Comms Channels | Run a Test Marketing Campaign | Run a test sales campaign | Re-approach the customer | Assess your business | 5. Travel Business Operations | Front Office Operations | Back Office Operations | 6. Travel Business Network | 7. Travel Business Leadership | Leadership Style | Communications Techniques | Time Management | Choosing People | Why TTA | TTA Membership | TTA Homeworking | TTA Technology | TTA Business Partners | TTA Travel Expertise | ATOL Application | FAQs | Glossary of Terms | Feedback | Who is Travel Trust Association? | What does it mean if a company is a member of TTA? | How does TTA provide 100% financial protection? | Failiures | Complaints procedure | Frequently asked questions | Non Member Services | News | EHIC Renewal | Contact us | Search Travel Options – Full Financial Protection