Today 'Ask the CEO' features Jonathan Shaw from ChooseToTravel.com located in Malta, Europe.
1. What problem (s) your company
is trying to solve?
Today's travellers are looking at an average of 6-7 sites
(including destination information, guides, and booking engines) before they
book their holidays. Our mission is to reduce this number by providing
destination specific travel websites.
By providing local knowledge (detailed guides, images,
what to do's, etc) coupled with product (hotels, car hire, flights, tours etc)
our sites aim to provide a one-stop shop for that particular destination.
We currently operate 50 such travel sites all branded
under a Choose''.com domain (eg: ChooseItaly.com, ChooseDubai.com,
ChooseSouthAfrica.com). We own a large stock of these domains and are currently
launching 5 a month.
2. How did you finance your venture?
My IT Director and business partner Chris Knights used to
live and work in Sydney and I met him there before moving to New York. In 2004
we both decided to move back to Malta and we joined forces. Malta is a tiny
unique island in the middle of the Mediterranean and is a member of the EU. We
enjoy a great lifestyle yet one big downfall is the lack of a VC culture in the
country. Hence, we financed the start-up from our own savings and also a couple
of years without much income! Nonetheless, we are working on a global project
and this keeps us glued to our project!
3.
In a difficult climate of uncertainty, how do you attract talents
to join you adventure?
I think that in difficult times such as these and for
small companies the question is not that of attracting talent but more a
question of retaining talent! Both myself and my partner have a hands on
approach to running the business. I think that the key is to:
1. Create a fun and yet challenging work environment
2. To respect your team and have an open communication
channel
3. And finally, to manage by example
4. Could you explain your revenue
model
We own 100+ travel destination specific website, of which
50 have been launched. Two third of our traffic lands in our 'Guides' sections;
our challenge is to convert these into bookers! We do this by offering
primarily a hotel booking engine; however also generate revenue earning
commission on other travel services and advertising solutions for local
business.
5. Who gives you inspiration when
you feel down whilst leading your company?
My greatest inspiration is my internal drive to make this
venture a success. Whilst I understand the value of money and what global
success can generate; I’m also equally driven by other factors. The experience
of creating something from nothing and the lows and highs of such a business
journey does enrich one’s life and creates challenges. When I’m feeling down I
think of the various milestones we achieved and the ones we can achieve. Having
said this, Chris Knights, my business partner and his focused approach provides
the bulk of this inspiration and strength.
And 5 Trivial questions...
a/ Fave hotel experience
Probably the Soho Grand in New York. It’s getting a bit tired nowadays but I
stayed there last year and it really completes the Soho/New York experience.
b/ Mac or PC?
I was a PC user, switched to Mac for 4 years when living
in New York (had the Soho Apple store round the corner, could not resist) but
then switched to PC again 5 years ago in order to be in line with company
set-up, platform and network. At the end of the day it's about getting the job
done, so I'm fine with both.
c/ Explorer or Firefox?
I’m typically an Explorer user but my IT partner has
recently set Firefox as my default browser. Nonetheless, I do find myself
browsing in both especially when we launch new functionality on the
sites.
d/ MP3 or CD?
I mostly enjoy music as long as it’s background music. I do occasionally blast
on my CD’s when driving but most of the time I’m on the phone anyway.
Nonetheless, when jogging the MP3 comes in handy.
e/ Twitter or Facebook?
Neither. I value Facebook more than Twitter yet I personally haven’t joined
either. Too be honest my biz partner and IT team look after the social
networking aspect of the business
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