SUMMARY: A tourism college is an educational institution that offers courses leading to the attainment of certificates and diplomas in tourism. The demand for such colleges is rapidly increasing in response to the fast-growing tourism sector. Tourism colleges provide education and training in various aspects of tourism, encompassing hospitality, tour management, and sustainable tourism practices.
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In this article
A: Market opportunity
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1. Ideal range of courses & other services
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2. Ideal fees
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3. Ideal college setup
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4. Potential market target
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5. The size of the market
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6. Competition
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B: Ease of doing this business
1. Registration steps and requirements including time and costs
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2. Permits requirements for foreigners
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3. Any potential of political interference
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4. Relevant government policies
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5. Taxation of education colleges business in Tanzania
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6. Corruption and bureaucracy
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7. Potential risks facing college business in Tanzania
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8. Transfer pricing rules
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9. Other regulatory issues
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C: Operational requirements
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1. Tourism college infrastructure and personnel in Tanzania
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2. How Tanzanian government supports tourism colleges
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3. Procedures and requirements for importation of college equipments
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D: Economic feasibility and profitability
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1. Start-up fund needed
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2. Potential periodic revenues
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3. Potential periodic expenses
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4. Potential break-even analysis
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5. Proforma income statement
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6. Proforma cashflow analysis
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7. Proforma balance sheet
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E. Important consideration related to Tanzania tourism and education sectors
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Kessy Juma is the founder of Miamia Trading Company (miamiatz). He is a Techpreneur with roots in accountancy. He believes that any business is good as long it caters the right market using the right strategy. |
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