To initiate a business establishment, Dubai seems to be a perfect location. Various industry owners are dealing in multiple businesses end-up choosing Dubai as the ultimate business setup location. When it comes to tourism, it serves as a hot-cake in the booming business sectors, which turns out to be profitable. Many business owners end up choosing tourism industry and end up setting a travel agency business. However, there are absolute essentials that need to be considered before you start a travel agency business in Dubai. This guide will take you through the essential things that need to consider before setting up a business in Dubai in the tourism sector. Let’s deep dive.
1.Draft a Business Plan
Sketching out your business ideas is the first step of incorporating a business. Be it in any sector; a business plan needs to be drafted, which will give you a complete idea regarding the financial scenario, layout and feasible location etc. By preparing a plan, you will be able to figure out a road-map and will be easier for you to follow the necessary steps.
2.Do Some Research
Another core domain that you can’t skip is the research domain. Initial research needs to be done based on the location, available competitors and their services, marketing techniques that are used by them etc. which will give you a complete idea regarding the travel industry prevailing in the specific domain. Moreover, Dubai turns out to be a famous location for tourism, which means there will be high-end competition. Being the owner of a business, you need to have an idea about competitors are sustaining in the market.
3.Gather the Required Capital
Gathering finance is one of the crucial parts of any business. Be it Before you start the travel agency business in Dubai, make sure you have a clear idea regarding the capital required for business establishment. Once you are done with the capital part, it won’t take much time to start the business operations.
4.Decide the Services to be Provided
In the next step, you need to be clear regarding the services that you will be providing to your customers. When it comes to a travel agency business, you do have a wide range of services like transportation services, tour operator, accommodation, customized packages, tourist guide, pilgrimage packages etc. According to the feasibility of your resources and capital, you need to select the necessary services that you will be providing.
5.Choose a Perfect Location
The location serves out to be one of the driving factors when it comes to boosting business growth. You need to make sure that your business setup takes place in a location which has got your target audience and is easily accessible. Dubai provides different location options like Mainland, Free Zone and Offshore to business owners and offer them the flexibility to choose the location based on their business needs. Selecting a spot out of the accessible area might end up bringing massive loss to your business. So, you need to be careful enough while doing so.
6.Look for an Office Space
Once you are done with the location part, the next move is to search for an office space to incorporate your business physically. Dubai provides a wide range of office space when it comes to company incorporation, but hunting it alone would serve to be time-taking. The easiest way to get it done is to have a word with a consultant who can help you in finding an office space for your business.
7.Obtain the Required License
To carry out business activities in Dubai, different businesses need to have specific licenses. The license will be issued by the Government Authorities that will act as a legal permit to carry out the business activities. When it comes to travel agency business, the Emirati laws mandate the business firm to carry out the activities only after obtaining the Travel Agency License.
8.Take Expert’s Advice
Once you considered all the possibilities, you must need to do a cross-check whether you are following the correct path or not. To do that, it serves out to be best if you take the expert professionals advice who can understand your plan and give you beneficial inputs. Taking the advice from a business consultant would fit here because they are known for settling business incorporations and also helps in clearing the legal proceedings.
9.Market Your Business Well
Just establishing a physical setup won’t boost your business, until and unless you implement marketing techniques. Once you have set up your business, you need to market it in all possible modes. Nowadays, technology has infused all the potential business domains, which have mandated business entities to create a virtual presence. The product marketing needs to be done smoothly, and by doing so, you will be able to widen your business scope and capture more audience.
In short, we can say that following the points mentioned above will help you to gather more relevant information which you will be able to implement accordingly during the setup process. Additionally, the first phase of any business will end up in the core planning process, which makes it difficult for you to focus on different domains. To carry out the operation effectively without hampering the business plan, it is advised to join hands with business experts who can help you in carrying out the essentials. Commitbiz, a premier business consultant, stands by you as constant support and will help you in the business establishment process. Additionally, the legal proceedings will be taken care of accordingly. To have a word with our business experts, contact us-we’d be glad to assist.