5 questions to ask before starting a travel business

Starting your own travel business can be one of the most rewarding career moves you'll ever make. The freedom to be your own boss, help people create unforgettable memories, and build something truly yours is incredibly appealing. But before you take that exciting leap, it's essential to honestly assess whether you're ready for this journey.

The travel industry offers tremendous opportunities, but success requires more than just passion for travel. It demands commitment, financial planning, and the right mindset. By asking yourself these five crucial questions, you'll gain clarity on whether now is the right time to launch your travel business.

Can I commit to it full-time?

Running a successful travel business isn't a part-time hobby. It requires your complete dedication and focus. You'll need to be available for clients when they need you, handle bookings and enquiries throughout the week, and continuously build relationships with suppliers and customers.

Consider your current commitments carefully. Do you have the time and energy to devote to marketing your new business, learning new systems, and providing exceptional customer service? Building a client base takes time, and your success will largely depend on how much effort you can consistently invest.

Have I got sufficient savings to sustain myself?

Financial preparation is absolutely crucial when starting a business. In addition to your initial franchisee fee, you’ll also need to make sure you have enough savings to be able to live comfortably while you get yourself established.

Calculate your monthly personal expenses and aim to have at least six months' worth of savings set aside. This buffer allows you to focus on building your business without the stress of immediate financial pressure.

Have I got a good support system around me?

Starting a business can be emotionally challenging, with inevitable ups and downs along the way. Having strong support from family, friends, and professional networks makes an enormous difference to your success and wellbeing.

Your personal support network should understand and encourage your entrepreneurial journey. This might mean family members accepting that you'll be working different hours or friends recommending your services to their networks.

Professional support is equally important. Look for franchise models that provide comprehensive training, mentorship, and access to experienced industry professionals.

Do I believe in myself?

Running your own travel business means making decisions, overcoming obstacles, and persevering when things don't go according to plan. Without genuine confidence in your abilities, these challenges can feel overwhelming.

Reflect honestly on your strengths and areas for development. Do you communicate well with people? Are you organised and detail-oriented? Can you learn new systems and adapt to industry changes? Most importantly, do you genuinely believe you can build a successful business?

Remember that believing in yourself doesn't mean having all the answers from day one. It means having confidence in your ability to learn, grow, and find solutions.

Am I doing it for the right reasons?

Ask yourself what truly drives you. Is it the desire to help people create amazing travel experiences? Do you want the freedom to control your own schedule and income? Are you passionate about the travel industry and excited about staying current with destinations and trends?

Avoid starting a travel business simply because you love to travel personally or think it will be easy money. Successful travel entrepreneurs are motivated by serving their clients, building relationships, and creating a sustainable business that provides long-term security and satisfaction.

Take the next step with confidence

If you've answered these questions honestly and feel positive about your responses, you may well be ready to start your travel business journey. Remember that with the right franchise model and support system, you don't have to navigate this journey alone.

At Travel Counsellors, we give you everything you need to get set for success – from world-class technology and ongoing training, to incredible learning opportunities and a supportive community of over 2,200 travel entrepreneurs.

If you’d like to find out more about what we can offer you, book onto one of our Discovery events to get all the insight you need to make an informed decision – all in a relaxed, no-pressure environment.