What’s your plan for your business when you retire, or you’re unable to run it anymore?

In this episode, the second in a two-part series on succession planning, hear from industry attorney Tom Carpenter. He discusses some of the varying ways agency owners prepare their businesses for the next step, and gives practical advice on how to make the transition smoother.

This episode was sponsored by AmaWaterways. 

Further resources

Find Tom Carpenter:
On the web 
Via email
On YouTube
On Facebook

Mentioned in this episode:
Mark Pestronk on the web and in Travel Weekly
Bob Sweeney’s Innovative Travel Acquisitions

Need advice?

Call our hotline and leave a message: 201-902-2098

Email us: tradesecrets@travelweekly.com 

 

Theme song:

Sock Hop by Kevin MacLeod

Link: https://incompetech.filmmusic.io/song/4387-sock-hop

License: https://filmmusic.io/standard-license

 

See omnystudio.com/listener for privacy information.

What&rsquo;s your plan for your business when you retire, or you&rsquo;re unable to run it anymore?
In this episode, the second in a two-part series on succession planning, hear from industry attorney Tom Carpenter. He discusses some of the varying ways agency owners prepare their businesses for the next step, and gives practical advice on how to make the transition smoother.
This episode was sponsored by <a href="https://advisors.amawaterways.com/agent-login">AmaWaterways</a>.&nbsp;
<hr>
Further resources
Find Tom Carpenter:
<ul>
<li aria-level="1"><a href="https://www.carpenterlawgrouppc.com/">On the web</a>&nbsp;</li>
<li aria-level="1"><a href="mailto:tcarpenter@carpenterlawgrouppc.com">Via email</a></li>
<li aria-level="1"><a href="https://www.youtube.com/@ThomasCarpenter">On YouTube</a></li>
<li aria-level="1"><a href="https://www.facebook.com/MediaTravelLaw/">On Facebook</a></li>
</ul>
Mentioned in this episode:
<ul>
<li aria-level="1">Mark Pestronk <a href="https://pestronk.com/">on the web</a> and <a href="https://www.travelweekly.com/Mark-Pestronk">in Travel Weekly</a></li>
<ul></ul>
<ul></ul>
<li aria-level="1">Bob Sweeney&rsquo;s <a href="https://www.tvlacq.com/">Innovative Travel Acquisitions</a></li>
<ul></ul>
</ul>
<hr>
Need advice?
Call our hotline and leave a message: 201-902-2098
Email us: <a href="mailto:tradesecrets@travelweekly.com">tradesecrets@travelweekly.com </a>
&nbsp;
Theme song:
Sock Hop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/4387-sock-hop
License: https://filmmusic.io/standard-license
&nbsp;
See omnystudio.com/listener for privacy information.

Welcome to Trade Secrets, a podcast from the editors of Travel Weekly and TravelAge West, where travel advisors ask -- and answer -- questions. On each podcast, our editors will ask a veteran travel advisor to join them and field listeners’ questions. Topics will range from business advice to industry trends, history and more — as long as it’s travel-related, we want to address it! Find Trade Secrets wherever you get your podcasts, or at travelweekly.com/podcasts.

ABOUT YOUR HOSTS:

Jamie Biesiada is a senior editor with Travel Weekly. She is an award-winning journalist, including being named the American Society of Travel Advisors’ 2019 Travel Journalist of the Year. Her roots are in community journalism, where she was the editor of several local newspapers and a regional entertainment magazine.

Emma Weissmann is a Senior Editor of TravelAge West, a print and online magazine for travel advisors based in the Western U.S. She is also the host of the Humans of Travel podcast, where she interviews notable individuals in the travel industry about their lives — the highs and lows that make them human.


Theme song:
Sock Hop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/4387-sock-hop
License: https://filmmusic.io/standard-license

See omnystudio.com/listener for privacy information

Welcome to Trade Secrets, a podcast from the editors of Travel Weekly and TravelAge West, where travel advisors ask -- and answer -- questions. On each podcast, our editors will ask a veteran travel advisor to join them and field listeners&rsquo; questions. Topics will range from business advice to industry trends, history and more &mdash; as long as it&rsquo;s travel-related, we want to address it! Find Trade Secrets wherever you get your podcasts, or at <a href="http://travelweekly.com/podcasts">travelweekly.com/podcasts</a>.
<hr>
ABOUT YOUR HOSTS:
Jamie Biesiada is a senior editor with Travel Weekly. She is an award-winning journalist, including being named the American Society of Travel Advisors&rsquo; 2019 Travel Journalist of the Year. Her roots are in community journalism, where she was the editor of several local newspapers and a regional entertainment magazine.
Emma Weissmann is a Senior Editor of TravelAge West, a print and online magazine for travel advisors based in the Western U.S. She is also the host of the Humans of Travel podcast, where she interviews notable individuals in the travel industry about their lives &mdash; the highs and lows that make them human.
<hr>
 Theme song: Sock Hop by Kevin MacLeod Link: <a href="https://incompetech.filmmusic.io/song/4387-sock-hop">https://incompetech.filmmusic.io/song/4387-sock-hop</a> License: <a href="https://filmmusic.io/standard-license">https://filmmusic.io/standard-license</a>
<hr>
See omnystudio.com/listener for privacy information

Trade Secrets Podcast

Trade Secrets

Succession planning for travel agencies, part 2 (feat. attorney Tom Carpenter)

What’s your plan for your business when you retire, or you’re unable to run it anymore?

In this episode, hear from mother-and-daughter duo Stacey and Sami Ray of Sisterhood Travels as they discuss their personal paths on the vital, albeit often overlooked, process of succession planning within a successful travel agency. 

Next episode, tune in to hear from a travel industry attorney who’s an expert in succession planning.

This episode was sponsored by AmaWaterways. 

Further resources

Sisterhood Travels on the web and via email

Stacey Ray’s podcast, Life. Reimagined. with Stacey Ray

Stacey Ray on Humans of Travel

Need advice?

Call our hotline and leave a message: 201-902-2098

Email us: tradesecrets@travelweekly.com 

 

Theme song:

Sock Hop by Kevin MacLeod

Link: https://incompetech.filmmusic.io/song/4387-sock-hop

License: https://filmmusic.io/standard-license

 

See omnystudio.com/listener for privacy information.

What&rsquo;s your plan for your business when you retire, or you&rsquo;re unable to run it anymore?
In this episode, hear from mother-and-daughter duo Stacey and Sami Ray of Sisterhood Travels as they discuss their personal paths on the vital, albeit often overlooked, process of succession planning within a successful travel agency.&nbsp;
Next episode, tune in to hear from a travel industry attorney who&rsquo;s an expert in succession planning.
This episode was sponsored by <a href="https://advisors.amawaterways.com/agent-login">AmaWaterways</a>.&nbsp;
<hr>
Further resources
Sisterhood Travels <a href="https://sisterhoodtravels.com/">on the web</a> and <a href="mailto:info@sisterhoodtravels.com">via email</a><a href="https://sisterhoodtravels.com/"></a>
Stacey Ray&rsquo;s podcast, <a href="https://open.spotify.com/show/4diOz8t2x1GFLJ1ZCTClpU">Life. Reimagined. with Stacey Ray</a>
Stacey Ray on <a href="https://www.travelagewest.com/Podcasts/Humans-of-Travel/humans-of-travel-podcast-stacey-ray">Humans of Travel</a>
<hr>
Need advice?
Call our hotline and leave a message: 201-902-2098
Email us: <a href="mailto:tradesecrets@travelweekly.com">tradesecrets@travelweekly.com </a>
&nbsp;
Theme song:
Sock Hop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/4387-sock-hop
License: https://filmmusic.io/standard-license
&nbsp;
See omnystudio.com/listener for privacy information.

Succession planning for travel agencies, part 1 (feat. Stacey and Sami Ray)

How closely have you read your contract with your host agency? Does it have a non-compete clause? How about a detailed plan for termination?

In the season seven premiere of Trade Secrets, we’re digging into the fine print that every travel advisor needs to watch out for. We’re joined by Marcie Muensterman, travel advisor, coach and host of the No BS Travel Advisor Podcast, to identify host agency red flags. Welcome back to a brand-new season!

Thanks to our friends at Coastline Travel Group for helping us solicit travel advisor questions this season. 

This episode was sponsored by the Globus family of brands. 

Further resources

Marcie Muensterman
On Instagram
On Facebook
The No BS Travel Advisor Podcast
Courses
Freebies, including Marcie’s host agency interview questionnaire

Mentioned in this episode:
WorldVia Travel Network
Travel Planners International
Nexion Travel Group

Need advice?

Call our hotline and leave a message: 201-902-2098

Email us: tradesecrets@travelweekly.com 

 

Theme song:

Sock Hop by Kevin MacLeod

Link: https://incompetech.filmmusic.io/song/4387-sock-hop

License: https://filmmusic.io/standard-license

 

See omnystudio.com/listener for privacy information.

How closely have you read your contract with your host agency? Does it have a non-compete clause? How about a detailed plan for termination?
In the season seven premiere of Trade Secrets, we&rsquo;re digging into the fine print that every travel advisor needs to watch out for. We&rsquo;re joined by Marcie Muensterman, travel advisor, coach and host of the No BS Travel Advisor Podcast, to identify host agency red flags. Welcome back to a brand-new season!
Thanks to our friends at <a href="https://coastlinetravelgroup.com/">Coastline Travel Group</a> for helping us solicit travel advisor questions this season.&nbsp;
This episode was sponsored by the <a href="https://www.globusandcosmos.com/">Globus family of brands</a>.&nbsp;
<hr>
Further resources
Marcie Muensterman
<ul>
<li aria-level="1">On <a href="https://www.instagram.com/nobstraveladvisormarcie/">Instagram</a></li>
<li aria-level="1">On <a href="https://www.facebook.com/groups/maximizeyourtravelagentbusiness">Facebook</a></li>
<li aria-level="1"><a href="https://thetraveladvisormarcie.com/no-bs-travel-advisor-podcast">The No BS Travel Advisor Podcast</a></li>
<li aria-level="1"><a href="https://thetraveladvisormarcie.com/courses">Courses</a></li>
<li aria-level="1"><a href="https://thetraveladvisormarcie.com/free-things">Freebies</a>, including Marcie&rsquo;s host agency interview questionnaire</li>
</ul>
Mentioned in this episode:
<ul>
<li aria-level="1"><a href="https://worldviatravelnetwork.com/">WorldVia Travel Network</a></li>
<li aria-level="1"><a href="https://www.travelplannersinternational.com/">Travel Planners International</a></li>
<li aria-level="1"><a href="https://nexion.com/">Nexion Travel Group</a></li>
</ul>
<hr>
Need advice?
Call our hotline and leave a message: 201-902-2098
Email us: <a href="mailto:tradesecrets@travelweekly.com">tradesecrets@travelweekly.com </a>
&nbsp;
Theme song:
Sock Hop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/4387-sock-hop
License: https://filmmusic.io/standard-license
&nbsp;
See omnystudio.com/listener for privacy information.

Don’t get burned: Navigating host agency red flags (feat. Marcie Muensterman)

Trade Secrets is on a winter break but will return with new episodes in just two weeks, on Monday, Feb. 16. Until then, please enjoy this old favorite.

New travel advisors, look no further than this episode of Trade Secrets for advice on everything from setting up your business, to finding clients, to prioritizing fam trip destinations. Co-hosts Emma Weissmann and Jamie Biesiada are joined by KHM Travel Group’s Bill Coyle, vice president of agent engagement, to tackle listener questions on that and more.

This episode was sponsored by the Globus family of brands. 

Further resources

Connect with KHM Travel Group online, on Facebook, on Instagram, on YouTube and on LinkedIn

Encompass the World Travel, Bill Coyle’s family agency

Mentioned in this episode and related reading:
From Travel Weekly, stories on card mills and the history of host agencies
Travel Weekly’s Legal Briefs column by industry attorney Mark Pestronk (many articles talk about terms and conditions)
From TravelAge West, an article on terms and conditions by industry attorney Jeffrey Ment
The American Society of Travel Advisors (ASTA) and its educational offerings
The Travel Institute 
The Cruise Lines International Association (CLIA) and its educational offerings
Trade Secrets episode on fam trips

Need advice?

 

Call our hotline and leave a message: 201-902-2098

Email us: tradesecrets@travelweekly.com 

 

Theme song:

Sock Hop by Kevin MacLeod

Link: https://incompetech.filmmusic.io/song/4387-sock-hop

License: https://filmmusic.io/standard-license

 

See omnystudio.com/listener for privacy information.

Trade Secrets is on a winter break but will return with new episodes in just two weeks, on Monday, Feb. 16. Until then, please enjoy this old favorite.
New travel advisors, look no further than this episode of Trade Secrets for advice on everything from setting up your business, to finding clients, to prioritizing fam trip destinations. Co-hosts Emma Weissmann and Jamie Biesiada are joined by KHM Travel Group&rsquo;s Bill Coyle, vice president of agent engagement, to tackle listener questions on that and more.
This episode was sponsored by the <a href="https://www.globusandcosmos.com/">Globus family of brands</a>.&nbsp;
<hr>
Further resources
Connect with KHM Travel Group <a href="https://khmtravel.com">online</a>, on <a href="https://www.facebook.com/khmtravel">Facebook</a>, on <a href="https://www.instagram.com/khmtravel">Instagram</a>, on <a href="https://www.youtube.com/@KHMTravelGroup">YouTube</a> and on <a href="https://www.linkedin.com/company/khm-travel-group">LinkedIn</a>
<a href="https://encompasstheworldtravel.com/">Encompass the World Travel</a>, Bill Coyle&rsquo;s family agency
Mentioned in this episode and related reading:
<ul>
<li aria-level="1">From Travel Weekly, stories on <a href="https://www.travelweekly.com/Travel-News/Travel-Agent-Issues/Ghosts-of-card-mills">card mills</a> and the <a href="https://www.travelweekly.com/Travel-News/Travel-Agent-Issues/Past-present-and-future-of-host-agencies">history of host agencies</a></li>
<ul></ul>
<ul></ul>
<li aria-level="1">Travel Weekly&rsquo;s <a href="https://www.travelweekly.com/Legal-Briefs">Legal Briefs column</a> by industry attorney Mark Pestronk (many articles talk about terms and conditions)</li>
<ul></ul>
<ul></ul>
<li aria-level="1">From TravelAge West, an article on <a href="https://www.travelagewest.com/Industry-Insight/Opinion/Legal-Lingo-What-Travel-Advisors-Should-Add-to-Their-Terms-and-Conditions-Now">terms and conditions</a> by industry attorney Jeffrey Ment</li>
<ul></ul>
<ul></ul>
<li aria-level="1">The <a href="https://www.asta.org/">American Society of Travel Advisors</a> (ASTA) and its <a href="https://www.asta.org/professional-development">educational offerings</a></li>
<ul></ul>
<ul></ul>
<li aria-level="1"><a href="https://www.thetravelinstitute.com/?gad_source=1&amp;gclid=CjwKCAjw74e1BhBnEiwAbqOAjA2eaznFMu5fdaYIpDrbIvWg5RdwaPJxspqnafzw6UY2qbbUe7hLxBoCKccQAvD_BwE">The Travel Institute</a>&nbsp;</li>
<ul></ul>
<ul></ul>
<li aria-level="1">The <a href="https://cruising.org/en/">Cruise Lines International Association</a> (CLIA) and its <a href="https://cruising.org/en/travel-agent-center/professional-development-training">educational offerings</a></li>
<ul></ul>
<ul></ul>
<li aria-level="1">Trade Secrets <a href="https://podcasts.apple.com/us/podcast/fam-trips-how-can-they-help-your-business-travel-advisors/id1555272051?i=1000627433290">episode on fam trips</a></li>
<ul></ul>
</ul>
<hr>
Need advice?
&nbsp;
Call our hotline and leave a message: 201-902-2098
Email us: <a href="mailto:tradesecrets@travelweekly.com">tradesecrets@travelweekly.com </a>
&nbsp;
Theme song:
Sock Hop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/4387-sock-hop
License: https://filmmusic.io/standard-license
&nbsp;
See omnystudio.com/listener for privacy information.

Succession planning for travel agencies, part 2 (feat. attorney Tom Carpenter)

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