Biz Travel Solutions

Suzanne LentellBrittany RelyeaPaul MartinOL 317-Losapio

819 Elm Street Manchester, NH 03106www.biztravsolutions.com

Company Overview

• We find the best rates and provide innovative solutions for hectic travel planning.

• Biz Travel Solutions provides the planning and execution of business travel

Mission

Our mission at Biz Travel Solutions is to create strong global business to business relationships through proper planning and exceptional customer service. We strive to be the best in our field when it comes to managing corporate needs during travel. We find the best rates and provide innovative solutions for hectic travel planning.

Vision

• Within in the next five years Biz Travel Solutions will be the go-to travel agency for planning business travel. Our goal is to build strong relationships with clients through proper management of travel needs. We hope our relationships will bring in clients globally.

Values

• Customer Service• Trust• Integrity• Reliability• Organization• Networking Relationships• Fast yet Effective

Executive Team

• Operations Manager - Brittany Relyea

• Chief Marketing Officer – Suzanne

Lentell

• Chief Financial Officer – Paul Martin

Sample Job Description

Chief Financial Officer: Paul Martin The duties of the Chief Financial Officer are to manage all of the accounting practices, including accounting departments, preparing budgets, and financial reports. The C.F.O. for Biz Travel Solutions; directs the financial strategy, planning and forecasts while conferring with the Chief Marketing Officer and Director of Research. He is responsible for supervising investments and the raising of funds for Biz Travel Solutions. The C.F.O is also responsible for analyzing and studying financial trends, opportunities for expansion and projection of future company growth.

Industry Analysis• The industry our

business falls under is travel agencies and services, NAICS 561510

• Economic Trends– Demand Driven– Heavily Concentrated

• Regulatory Trends– Pricing Schemes

(also economic)– Deregulation

• Technological Trends– Increased usage of

Internet among more people

– Independent bookings

– Customized internet reservation systems licensed to Expedia

Industry Analysis continued…

• Potential Buyers– Corporate Travelers

• Opportunities– Agreements and Partnerships with– International Expansion– Increase revenue expansion and of travel

• Threats– Competition of larger and fellow small

companies– Security and fears of losing your job– Economic Slowdown

Analysis of Competition

Primary Competition

Secondary Competition

• American Express Corporate Travel Online– Annual Sales of

$330 Million

• Orbitz Worldwide

• Expedia• Sabre’s

Business Travel Solution– Holding

Corporation

Synopsis ChartBiz Travel Solutions

American Express

Corporate Travel

Expedia Orbitz Worldwide

Sabre’s Business

Travel Solutions

Small and personal

Large company Large web based company

Large company Mid-sized company

Online and brick and mortar

Only online Only online Only online only online

Locally and will be global

global global global global

Well rounded, tight bond with vendors in all areas

Bond with vendors in few areas

Send you to another company for all needs

Bonds with airlines

Bonds with airlines

Offer greatest deal in one spot

Offers great deal on their own website

Offers great deal on their own website

Offers great deal on their own website

Offers great deal on their own website

Flat fee Varying fees Varying fees Varying fees Varying fees

No computer presence yet

Strong computer presence

Strong computer presence

Strong computer presence

Computer terminals connected to reservation systems

Marketing Plan

• Target Market– Corporate Travelers– Aged 25-54

• Types of Ads– Radio– Billboard– Logo– Coasters– Postcard– Websitewww.biztravsolutions.com

Description 20 Miles 40 Miles 60 Miles

Employees, Total (by

Place of Work) 276,468 978,214 2,618,113

Establishments, Total (by Place of Work) 17,515 62,136 150,226

Advertisements

Postcard Coaster

Financial Summary

• Amount needed to start Biz Travel Solutions is $50,000.

• $2500 monthly payments starting January 1, 2011

• Paid off by August 2012.

Start Up Costs

Office Supplies $8,790.95 Rent $1,790

Professional Fees $1,450

Technology Costs $9,749.31

Repairs $500

Total $22,280.26

Cost of Advertisements

Coasters $0.21

Radio Ad (60 Sec) $400

Billboard $2,000 BusinessWeek (CPM ad) $200

Website (per month) $20

Post Cards (per 500) $19.95

Pro Forma Chart

0

50

100

150

200

250

300

350

1st Year 2nd Year 3rd Year

Cash Available

Liabilities

Exit Strategy

• Willing to lose $165,000

• Supplies will be sold to pay off debt

• Value of company determined by appraiser

ConclusionStrengths as

ownersWeaknesses as

owners

• Team Players• Self Motivated• Determined • Strong values• Success oriented• Hard Working• Well-rounded

– Expertise and social styles

• Lack of experience • Do not know what to

expect• Cannot anticipate

problems• Will have to learn

how to deal with situations we haven’t dealt with before.

Conclusion continued…

Strengths of Business

Weaknesses of Business

• Large, ever growing target market

• Adaptability • Always available with

both locations

• So small compared to others

• Intense competition• Difficulty with

adapting to changing– Trends– Target market and

demographics

Invest in Biz Travel Solutions

• Low risk, High Reward.

• Low Costs

• Miniscule Liabilities

• Limitless potential of return

• What it takes to create a business • Travel Industry• Small Business management • Projecting Cash Flow• Bring ideas together to reach a

common goal

What we’ve learned

References

• Business and Company

• Sences.gov• NNERN.com• SBDCNet.gov• Score.com• Branders.com• Businessweek.com

• Craigslist.com• Gaebler.com/

billboard• Comcast.com• Staples.com• Kinkos.com