– $40 Million a Year

February 21, 2007 at 7:01 pm Leave a comment

In 2001 he set up, an online travel company offering eco holiday ideas. The company itself does not run the tours. Instead, it lists the available green choices and puts the customer in direct contact with the tour operators, who then pay a commission for any business passed through to them.

“We were the first to use the term ‘responsible travel’,” says Francis. “And now governments and journalists around the world are using the term.”

The business is now one of the fastest growing travel agencies in the UK according to The Times, and is currently turning over £20m a year, doubling sales in the last 12 months. The company started 2006 with six members of staff – there are now 16.

Francis says he couldn’t afford to pay his staff in the early days, so he compensated them with shares in the company – something he was advised not to do. “One of your main skills as an entrepreneur should be recruiting good people. If you have to give them part of the company like I did then so be it.”

The business was funded with an initial £5000. “I started by putting some of my own savings in,” says Francis. “The idea was to show people I was serious about what I was doing because we came after the dot com crash so nobody wanted to invest.”



Entry filed under: Internet Startup.

Website Flippers make millions – Interesting Idea

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About Biz News

My Name is Bisi and this is my blog This blog features stories that I have read that I think are interesting . I usually bookmark the stories that I find interesting but they are getting too many . I have decided to catalog and share them on this site . I am not really promoting the site so you might have accidentally stumbled on it . Thanks for visiting .
February 2007
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