Please help me answer the following Business Tourism Questions:
In developing a business concept for a home-based agency, name two very important areas of opportunity for business.
What is the first thing that should be done in developing a business plan?
What is the major difference between a travel agency's income statement and the income statement of non-service businesses?
What is the California Seller of Travel Law? What does it mean for the home-based agent?
As I have done previously in the other postings I have assisted you with, I will try to explain as concisely and comprehensively as possible so that you can easily apply and use the information provided here in your current study set. I hope this will provide assistance and relief to you. Thank you for using Brainmass.
OTA 105878/Xenia Jones
The Home-Based Agency Concept: Opportunities for Business
Going home-based is not as absurd and difficult as it sounds nowadays, in fact, working from home is slowly turning into a sound and profitable arrangement for several practitioners in varied professions as opportunities make themselves available via the current trends and changes in the way business is conducted through the availability of information technology. if one reckons back to history during the time of the burgeoning of cities via guilds, shop owners generally lived and worked in their own homes with the front end or ground floor of the building as their places of commerce of work and the back end or the succeeding floors as a place of residence. This is still the trend in China and developing places especially in the third world. But, as technology and civilization progressed, places of work and commerce are far more specialized and segregated from the home life with Industrial Estates and sections of the city or town segregated for particular businesses (in NY, Wall Street and its surrounds is regarded as the financial district for example) and this is where people and patrons would go to avail of their services. But, home-based businesses have not disappeared in practice as several start ups, especially in the software industry began in the living rooms and garages of young entrepreneurs. A classic example - Bill Gates' Microsoft started in his parent's garage. Brin & Page's Google started in their student accommodation during postgraduate days as experiments in optimizing searches. Facebook, the popular networking site began in a College kid's dormitory. Is this home-based? Well, it kind of is. Most of the home-based business people think of when equating it with gender are - home selling businesses that use networking for women like Avon, Tupperware and catalogue based selling. Women, I emphasised because women are usually seen with the traditional role of keeping the home for the family as their husbands go out for the day to earn their keep for the family. So, to help, women practice home-based businesses from baking goodies, sewing clothes and selling various products. This was most typical in the 70's through the 90's until the advent of the dot.com boom when the way business was practiced gave the home-based entrepreneur the opportunity to reach a bigger, global market. So, what areas, clearly does a home-based business have to capture market share?
America is a nation that is wired - 74.1% of the nation is online translating to over 227 million Americans. They check their bank account statements, get in touch with friends, research information for academic and professional purposes, get the news, get entertained and share their lives with others via internet connectivity. With the US GNI per capita at almost $47k, that translates to a market that can be penetrated via an online presence. Businesses now sell online as Americans BUY ...
The solution answers questions in relation to business and tourism concisely and comprehensively. In the narrative examples and explanations of concepts like the home based agency, the development of a business plan, income statements, California Seller of Travel law and the home-based agent are provided. References are also indicated to allow the student to expand on the information provided. The solution is a 2,000+ word essay and follows the APA format. A word file version is attached for easy printing.