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Small Business
Starting a travel agency
May 4, 2000: 11:11 a.m. ET

Don't build one from scratch; first get experience working for someone else
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NEW YORK (CNNfn) - Dear Jane: I'm a retired teacher who wants to set up a travel business in my home in Canada. What do you think?

The travel and leisure industry is booming along with the strong economy, but I urge you not to set up a travel business from scratch. It's expensive and you will face formidable competition. Instead, I would suggest you sign up for a training program, learn the business and apply for a job with a local firm that will allow you to work at home -- at least part of the time.

My cousin works this way and she loves it. She has a challenging job that's never boring, and flexible hours that allow her to be at home when her teen-age son and his friends require supervision.

Many travel agencies today have begun to specialize in serving certain groups of travelers. Once you learn the basic computer and booking skills, decide whether you want to help families heading off on their vacations, corporate travelers, or retirees who love to take cruises.

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.