Overcoming Travel Agency Challenges with Expert Consulting
Travel By Maegan, founded by a husband-and-wife team, offers comprehensive travel agency services and owns multiple rental properties in Florida. Since its inception in early 2020, the business has flourished under the guidance and expertise of Omni Resources.
The Challenge
Before collaborating with Omni Resources, the owners of Travel By Maegan had no experience in forming a corporation or managing a small business. Navigating the complexities of corporate structures, establishing business credit, and leveraging tax advantages were daunting tasks. Additionally, they needed to ensure their personal credit was strong enough to support the business credit applications. The couple sought a legitimate, compassionate, and experienced company to guide them through these challenges, avoiding the plethora of self-proclaimed business gurus who lacked authenticity and practical knowledge.
The Solution
Omni Resources provided personalized guidance to the owners of Travel By Maegan, making sure the couple never felt under-prepared or inadequate. The solution encompassed several key steps. Firstly, we implemented a credit-building protocol, ensuring the new business owners had strong personal credit. We then assisted in helping them obtain in-store business credit cards to build a PAYDEX score over six months, achieving a score greater than 80. Omni was able to advise on the best credit cards to use for building business credit and leveraging travel for business purposes, making it tax-deductible. Omni then educated the business owners on writing off travel expenses for their real estate business to offset W-2 income. Omni Resources also helped the couple understand and establish a corporation and an LLC, providing ongoing education and support that empowered them to succeed as small business owners.
The Results
Since starting their journey with Omni Resources in early 2020, the couple now owns three rental properties in Florida with goals to expand their real estate portfolio in the coming years.
Over five years as clients, the couple has started two business entities (a corporation and an LLC) with Omni Resources’ assistance.
Omni’s guidance has enabled the owners to feel empowered and confident in their capabilities as business owners. The owners feel a deep sense of belonging and support, describing their relationship with Omni Resources as, “Feeling like family rather than just another client.”
The continuous education and support from Omni Resources have been pivotal in Travel By Maegan’s success, making the owners feel unstoppable in their entrepreneurial endeavors.
Contact Omni Resources today to learn how we can help your business thrive.