Chris Davis is General Manager at The Van Diemen Project, a Launceston-based organisation that helps people, businesses and communities to start, scale and sustain businesses, through training, events, education, mentoring and business advice.

In today's episode, TICT's Luke Martin steps into the client's chair with three different stages of tourism business. To start, Chris and Luke unpack the critical planning and strategy steps that must accompany that great tourism product you've got brewing in your mind, to make sure your brilliant concept is actually going to make you money.

Next, they look at the most important considerations for any operating business in these still uncertain - but very opportune - times for Tasmania's recovering tourism industry, including managing cashflow and working capital for reinvestment. The bad news? You really do need to make sure your books are in order.

And, finally, Chris steps through the sale or succession process. Whether you're planning on moving on soon or much later, there's plenty you can and should be doing right now to set yourself up for a positive future.

Today’s episode is brought to you by our partner, McDermott’s Coaches. McDermott’s Coaches are Tasmania’s largest coach tour and specialist transport service provider, supplying tours, transfers and coach charters for large and small groups around Tasmanian and interstate. They offer the local knowledge and experience of the McDermott family along with over 50 staff, all of whom are committed to delivering great service. Thanks to McDermott’s Coaches for their generous support of TICT and for helping to make this episode of Talking Tourism possible.