Who Are You? The Tourism Business Owner Or An Employee?


Who Are You? The Tourism Business Owner Or An Employee?


Have you ever taken the time to sit down and work out how much of your daily activities focuses on the duties you have as a tourism and hospitality business owner compared to how much time you spend actually stuck working in the business doing tasks that someone else could do instead?

The chances are that you are spending too much time on the wrong tasks. There are only two key areas of your business where you should be spending time.

1. Investing your profits in other business enterprises or projects

2. Making sure that the management team is working towards the strategic objectives of the business to ensure you grow and prosper; realizing a return on your investment. Within the various job descriptions of your management team should cover all the major activities of a business. These include:

  • Marketing
  • Sales
  • Product / Development
  • Accounting and Finance
  • Staff Management
  • Managing the business
Someone other than you should handle managing the functions of the business. You should be focused on ownership: your vision, what your short and long term goals are for the business ensuring that the management team communicates those objectives to staff.

Each of the above activities has its own needs and will deliver its own results, and each will require your time in the early stages of developing your business. However, if you build your business keeping the above functions in mind you will eventually create a business that virtually operates on its own giving you the freedom, and the means, to enjoy the lifestyle that you desire. Isn’t that why you got into business anyway?

about TA fastrack

TA Fastrack is Australia’s leading travel, tourism and hospitality industry business improvement and marketing solutions provider. TA Fastrack offers a range of specialised services including management consulting, business coaching, a full-service marketing and PR agency as well as training services.  With a vision to provide companies the ‘world’s best practices’ in the industry, TA Fastrack guarantees a fastrack in your profits and personal performance. With Australasia’s most experienced team based in Australia, New Zealand and now in Singapore, we can deliver business solutions wherever you are.

To learn more visit www.tafastrack.com or call +61 7 3040 3588.
Source = TA Fastrack
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