Most travel agency owners understand the importance of building a strong customer base and diversifying their revenue streams, but what about prioritizing their business finances? It can be difficult to manage your own travel business finances when you focus solely
Understanding E&O Insurance E&O insurance is an important part of protecting a travel agent’s income. However, understanding the mechanics of how to purchase E&O insurance is burdensome and complicated. The purpose of this article is to simplify and explain the
Before you take on your first client or hire your first sales agent, you need to be sure the backend of your business is properly set up. This includes establishing a business checking account, savings account, and credit card. Finding
Are you struggling to maintain your travel agency accounting? Managing your travel agency business finances can be difficult, especially with sporadic cash flow and unique expenses. However, prioritizing your finances is essential as a small business owner. How can you
Owning a travel business is exciting, but there’s one important step you don’t want to forget that we find many travel agencies and independent contractors overlook: insurance. Specifically, errors and omissions (E&O) insurance, also known as professional liability insurance. Travel
The rise in technology and electronic communication has understandably given rise to an influx of new legislation over the past couple of decades, and these laws are continually being updated. This means that your marketing strategy needs to reflect current
Hitting sales targets, learning about local tourist attractions around the world, tracking statistical and financial records, and coordinating complex travel schedules are all part of the job for sellers of travel. Of all the duties included in the travel agent
Many travel agents are looking for a way to promote brands or products they love while also making some extra income. Affiliate marketing is a popular way to do this. Even if you aren’t sure you fully understand this concept,
A customer booking and cancellation report is a financial report that shows the sales made by a travel agency from its customers. This report is important for travel agency owners because it can help them identify which customers are the
As a travel agency owner, keeping track of your financials is crucial to the success of your business. There are several key accounting reports that you should pay close attention to stay on top of your finances and make informed
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