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Travel and Tourism Entrepreneur (pdf)

Added on - 22 Nov 2020

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Travel and TourismEntrepreneur
Table of ContentsINTRODUCTION................................................................................................................................3TASK 1.................................................................................................................................................31.1 Skills needed for successful entrepreneurship...........................................................................31.2 SWOT analysis of my skills as entrepreneur.............................................................................4TASK 2.................................................................................................................................................52.1 Development of an entrepreneurial enterprise...........................................................................52.2 Factors that lead to success of an enterprise..............................................................................6TASK 3................................................................................................................................................63.1 Source of finance and support for enterprises in tourism sector................................................63.2 Business plan with a market assessment, business analysis and cash-flow analysis and justifythe potential for success of the proposed Travel and Tourism business..........................................73.3 Persuasive business start-up plan...............................................................................................8CONCLUSION....................................................................................................................................9REFERENCES...................................................................................................................................10
INTRODUCTIONTravel and tourism can be defined as an action in which an individual moves from one placeto another for different purpose like business or enjoyment. In modern era, this is a most growingand fastest earning sector of, which have elements which offers a great margin profit toentrepreneur. In this report, a brief discussion will take place on skills that are required to being anentrepreneur along with the strengths and weakness of an entrepreneur, with opportunities andthreats that may arise due to skills ( Jaafar, 2014). After it, it is described about the developmentstrategies that are required for an enterprise and factors that can lead to success a enterprise are alsoget explained. Financial support and start up plans for a tour and tourism also come in discussiongiven bellow.TASK 11.1 Skills needed for successful entrepreneurshipEntrepreneurship is a process where an individual or group come together to design, launchand run a business. While on other hand an entrepreneur is a person who set goals for theirorganisation like earning profits by selling products and services for a specific cost which thecustomer is looking for. Talking about tourism sector it is not easy for an entrepreneur to manageand think, it is very important for them to make effective determinations and develop themselveswith learning process so that, they can improve their skills to take decisions. It is very important foran individual to study and have focus on environment and current trend, as tourism sector is a fastchanging in nature. An entrepreneur must have some skills in them, so that they can run theirbusiness successful (The Top Skills Every Entrepreneur Needs,2018). Some of the skills whichtheir entrepreneur can introduce are as follow : -1.Ambition –The entrepreneur of an organization is need to be a ambitious for their dreamsand working. It is very easy to give up in tough conditions, but only an organization whichhave so ambitions can only survives. It is very important for an ambitious person to achievesmall milestones and keep moving with small steps towards their dreams ( Carlisle, 2013).This help them to achieve the major goals because, small is a key to make big.2.Wiliness to Learn –Learning is a key for an entrepreneur to take it's entrepreneurship atnext level. Many in the world stop learning after getting a specific qualification likegraduation or post graduation. But learning is a life long process, it is very important for anentrepreneur to keep learning new things. This help them to keep their-self updated withmarket trend and demand, according to which they can change their strategies and achieve
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