Be better at 'the business of tourism'

AC 1.1 - Describe forms of ownership for tourism organisations

Your own business

Activity

You have decided to set up a tourism business as a sole trader. Your business will be either related to transport or accommodation; choose one of these and then carry out research to help you complete the questions below.

  • What is your business called?
  • Say where are you going to locate your business and explain why?
  • What product and/or service are you going to provide?
  • From where will you get the money to start your business?
  • What are the advantages of setting up your business as a sole trader?
  • What are the disadvantages of setting up your business as a sole trader?