You need to know your target market and approximate your rate of success in this field. In Progress Establishing business relationship with vendors — car servicing and maintenance, car dealership shops, and gas stations et al: In discovering and developing your own USP, you need to create a brand for your business.
Here are the payment options that we will make available to our clients; Payment by via bank transfer Payment via POS machine Payment via online bank transfer Payment via check Payment via mobile money Payment with cash In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.
Completed Generating capital from family members: As a result of this, lots of customers of car rental service companies no longer visit car rental companies before they rent cars. Therefore, to ensure that we make it to the top very rapidly, we have some strategies that we intend to take advantage of.
Completed Creating Awareness for the business both online and in the neighborhood: Completed Opening Online Payment Platforms: All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account Feasibility study for a car rental company be credited.
This includes customers but it also benefits employees and shareholders. When you develop a business plan, it takes you methodically through various elements of the business, helps you decide if a car rental business is worth your time and financial investment; and identifies alternatives and strategies for achieving success, thereby improving your probability of success.
Are you going to charge hourly, daily, etc? Then I advice you read on. Create a Unique Selling Proposition USP When you decide to start your car rental business, you will need to ensure that it has something different about it, something special.
Who is your typical customer age, gender, education, income, occupation, etc. Most of them now rent cars via the internet as well as mobile apps. Now, to ensure that this happens, we will employ only individuals that meet the requirements of working with our company.
We will ensure that we leverage on all conventional and non — conventional publicity and advertising technique to promote our car rental services business. These are the areas we intend generating our start — up capital; Generate part of the start — up capital from personal savings and sale of his stocks Generate part of the start — up capital from friends and other extended family members Generate a larger chunk of the startup capital from the bank loan facility.
This is because a lot of people still love to drive themselves around even after flying to another city and leaving their cars in their cities of residence. Your customers have to understand it and should explain enough about your company.
Please note that the above projection might be lower and at the same time it might be higher. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of five years or more as determined by the board of the organization.
You need to determine if you would just be a general car rental operator or if you would offer specialized services. We know that one of the ways of gaining approval and winning customers over is to offer our car rental services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
Also, apart from operating in Orlando, Florida, Zigi car rental Service Company will operate in other major cities in the United States. Also, the rise in the number of individuals that travel by air has brought about a growth in the car rental service industry.
Completed Applications for Loan from the bank: A car rental business, like any other business, needs you to do some heavy research and fact finding to make sure you become a success. Conducting feasibility research will further reveal to you: Do you need a sample car rental business plan template or feasibility study report for beginners?
Completed Opening Mobile Money Accounts: In Progress Application for business license and permit: The importance of having a USP deals with unique selling propositions, and how you need to set yourself apart from the crowd.Feasibility Study For A Rent A Car Business Car Rental Business plan Excecutive Summary Company and Financing Summary Products and Services Overview Strategic Analysis with current research Marketing Plan Personnel Plan 3 Year Advanced Financial Plan Expanded Financial Plan with Monthly Financials FREE 30 Page Sample Private Placement Memorandum FREE PowerPoint Presentation.
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