International Institute of Soccer Tourism (IIST)

PLANNING AND MANAGING YOUR TOURISM BUSINESS

A Service of the International Institute of Soccer Tourism

Planning Is The Key To Tourism Business Success

The first thing that a Tourism owner should do when he/she begins a Tourism business is to develop a simple business plan. Anyone developing even the smallest business can develop a small plan written out. Keep it by your side as you develop your business. This plan can be very simple to begin with. Once your business grows to a larger size, you develop a full fledged business plan.

A great deal of technical information as well as projections of planned expenditures and income for several years is a vital part of a full business plan. Develop this and use it once the business gets started and you know more about the costs of services and the prices you receive for your services.

To produce a successful working business plan that can guide your business to greater profits, you need step by step instructions. The business plan lets you know if you are on track or if you are starting to go off in another direction. It lets you know if you will have enough money to do what you need to do.

Get more details on creating your own full fledged business plan. It is an outline for what should be in a full business plan as well as insights into how you can use a business plan as both a business development and financing tool. See the outline for a business plan on the ISAI Tourism Business Plan Page.

The information in this booklet gives you the insights to begin the planning process. In order to be successful in business, you need to know where you are going and why. Planning and management are simply tools to enable you to do what you want to do most, create a successful, lucrative business in your country.

This information transfer will enable you to begin the lifetime activity of business development as an Tourism business Entrepreneur.

Let's look at a few simple concepts about developing your own business and the role of planning.

What is business to begin with?

The purpose of creating and building a business is to make money, earn a profit and grow! One purpose of entrepreneurs in your country could be to see that Tourism businesses are ecologically sound and good for the environment. The purpose of creating and building such an Tourism business is to ensure that whatever Tourism business growth takes place in your country is sustainable and ecologically sound. If you do not choose to create an ecologically sound Tourism business, you may find yourself unable to stay in business because of water and zoning problems. Without considering environmental problems, you may end up out of business before you even start.

WHAT IS INVOLVED IN BEING IN BUSINESS?

The simplest way to look at a business is to say that a business is a systematic arrangement of decisions and activities related to making a profit from your efforts. Let' s look at six (6) basic kinds of efforts, activities and decisions in developing your own business. This information transfer will enable you to begin the lifetime activity of business development.

SIX KINDS OF BASIC BUSINESS ACTIVITIES

Deciding what your business will do
Performing production decisions and activities
Marketing your products
Keeping your business healthy
Dealing with the world
Managing the whole thing.

Let's look a little closer at a each of these simple concepts about: What is business to begin with.

WHAT IS INVOLVED IN BEING IN BUSINESS?

I. DECIDING WHAT YOUR BUSINESS WILL DO

Here you'll look at many alternative ways of developing a profit making venture. You first select the area in which you want to develop a business or resources for your development -- it could be fish, vegetables, tropical fruits, timber, firewood, or whatever. Next you select the specific activities that will increase the value of the resources (processing, packaging, transportation). Then you need to choose the best way to raise the money. You choose from family funds, personal savings, bank loan, development group loans, and then you have to decide who the people are that you'll want to work with, who have the right skills for the necessary jobs. Then you have to hire the people.

In a Tourism business you have the following

a) resource -- Tourism property

b) specific activities -- Providing activities, food, selling apparel, selling products,

c) choosing the best way to raise money -- Save your money so you begin partime

d) the right people -- Find the right people to work with you

SOME OF THE THINGS YOU NEED TO FOCUS ON

BUSINESS DEVELOPMENT
BUSINESS PLAN
COST OF PRODUCTION
DEALING
DECIDING
ENTREPRENEUR
EXPENDITURES
MANAGEMENT
MANAGING
MARKETING
PERFORMING
PROJECTION
STEP BY STEP INSTRUCTIONS
SYSTEMATIC PLANNING

ACTIVITIES TO SHARPEN YOUR BUSINESS SKILLS

1. Set up an Tourism business learning notebook

2. Write key words and definitions in your workbook

3. List the materials you need to write your business plan ( For more detailed information on the outline for a business plan, see Luis And Manuel Choose Actions That Lead To Success.

4. Outline the steps to write your business plan

5. Locate and get all needed supplies

6. Make a draft of your business plan

7. Make a bibliography of learning resources

QUESTIONS OVER THE MATERIAL SO FAR

1. There are ..........basic efforts involved in business

2. Look up the key words in the dictionary and write them in your learning notebook

3. List the things you will need to complete your business plan. For more information see "Luis And Manuel Choose Actions That Lead To Success".

4. List the first thing Luis did when starting his business.

5. Complete this sentence:

Planning and management are ...

Want more information and lessons on developing a Tourism business? The Tourism International Institute of Soccer Tourism and the Community Marketing Newsletter can serve as a resource as well as the Yahoo Tourism list. Use these resources and gain the skill you need to make your Tourism business a success. Or use our email consultancy program for specific information. Email for information to honducopa@yahoo.com.