Investment Help Needed For Start Up Travel Agent
aerlad started this topic @ 17:00 on 12/01/2009
Good Afternoon,
I have been in travel for the last 12yrs in various roles and i feel that the time has now come for me to branch out on my own.
I have a few ideas which i am working on but stumble when it comes to the financial side and how best to present it etc. What to put and what not to put to get the interest from Investors.
The problem i face is that around 4yrs ago i had some financial problems which resulted in 3 defaults but since then my history has been clear and i have had loans etc which i have always paid off so since then i have a clean bill of health for my finances.
As these defaults still show on file and my credit score is low, is this going to have a big impact as to whether i can raise the finance of approx £10-15k start up. I have the knowledge for my business and have alot of experience plus i am very cost conscious when it comes to business, just a shame my personal finances slipped up those years ago.
Any help or advice would be great and also where would be best to seek such investment other than the banks.
Thanks
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RE: Investment Help Needed For Start Up Travel Agent
jorawar | 25/08/2009 08:34 PM
You can access a number of areas for help, for example the small business loans gaurantee which may be applicable
A solid financial plan based on research and industry trends would also help investors in identifying if your business is suitable
a number of websites exist similar to the bbc dragons den programme, if your idea and projections are realistic then an investor should see the potential
Out of interest what kind of travel business are you intersted in starting up? tour operator or travel agent? local, eu or international?
how do you propose to book flights in advance ? im sure you have the answers to these questions, but it may help with cash flow
regards
jos