How much capital do I need to start a tour company?
To start a tour company in Uganda requires capital or money but the question is how much money which we all translate into the capital to get you started. We can further simplify it by saying how much money is enough for one to start a tour company in Uganda.
In this episode, we highlight what is required other than money and also how much capital/money is required to start a tour operations business especially here in Uganda.
Starting a tour company of your own can be a rewarding and profitable experience. But will take your passion for the tourism industry, will first other than the skill, hard work, and resilience in what you are doing. So you owe to have a bigger vision in focus and get ready to start.
Here is a set of 5 Key points to note as you intend to start a tour company
1. Get a Business name & Register it to legalize your Business
Starting a tour company is the first step. Get to think of your business name, sit down, do some research, and if possible engage third parties to call them friends in securing a business name. This cost you no money –it is FREE so you do not need to spend on a name that can be a family to have as your business name or could be initials extracted from some meaningful terms. Get your rename now and it is absolutely FREE.
Registering and legalizing your business includes making it known by legal authorities in your country in this case known and getting permitted to do business in Uganda. Make your decision if is a sole proprietorship or under a partnership. This will not cost you more than US$ 500.00 to the end with your bank accounts ready.
2. Go online
To start a tour company and be functioning, you need to be with an online portal or safari/tour website. In our last episodes, we talked about what it takes to have a good website and ensure that your online shop appeals to your target market with great content and with great user-friendly functionalities. A good tour/safari website for starters can cost you US$ 400.00. If you can write your own content to run on your website and have skilled IT –personnel put the pieces together. Get the best tour website done, see our project
3. Working Space & Internet
In the early stages of maturing your dream, you will not need an office space so you better work from your home as we have seen many people have testified how they scratched their business from garages beside their homes. Get your desktop arranged in a space of 2sqms and get started. Get a connection to your desktop or small second-hand laptop to enable initiate communications in and out. Use inherent to read a lot and gather research on product knowledge, search engine optimizations and read about your competitions. The monthly budget for the Internet can be around US$ 30.00 while put to effective use.
4. Have a Network of friends
We all know making valuable friends is sometimes costly but at the same time, they come at no cost with a well-disciplined, trustworthy, and honest colleague. Talk to them about your dream company you started both local friends and international friends, they are your first customers and future ambassadors when no one can trust you with small and big businesses, treat them so well and grow your net worth. This is how you can start a tour company with no large sums of money or capital.
5. Apply the P.O.M.E sequence
Be able to PLAN, ahead proactively and be able to take the right decisions. Stay Organized, it is important always to keep yourself so organized in communications, record keeping, etc. As you intend to start a tour company, be a good Manger, and MANAGE the operations well, from punctuality to keeping promises and trust. Lastly, EVALUATE your actions to progress your growth, whatever step is taken must be flipped to understand its value and impact then you are ready to grow your tour business.
A lot of other things can be discussed here but keeping your tabs on the 5 key points enables you to start with less than US$ 1,000 so the question is why not a tour company start now and be part of the rewarding and profitable experience? At Uganda Tourism Consultants, we are ready to walk you through all that you need and see you grow.
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