What is new in business plans?
Limousine Business is similar to many other business.New approaches, as well as new technologies, make it easier and cheaper to start a business faster. In your business plan, determine your minimal viable product – not always an easy standard to judge – and figure out how to get your business launched sooner.
Developing an annual business plan helped me to twice save my own limousine company, but it also helped me grow my company and take advantage of what’s new in business.
But let’s talk about Starting a Limousine Business.
12 Things Every New Limo Operator Should Know
1. Select a Name for Your Limo Business.
2. Understand Your Tax Obligations.
3. Market and Advertise.
Advertising in newspapers, Yellow Pages directories and school newspapers approaching prom and graduation time is sure to get the telephone ringing.Print business cards and leave a batch at local businesses. You could also create an incentive for referrals, such as a discount for the referrers next service.
4. Start Small. Be Realistic.
Don’t think about going big at once. Purchase 1-2 vehicles and find some work. Be realistic, as far as volume and potential clients. Do your marketing and give some time for business to develop. Try to make your clients a “forever customers”.
5. Get All the Necessary Limo Operator Licensing for Your Area of Operation.
Apply for permits and licenses. Your limo business will require a business license, tax identification number and liability insurance.
6. Do Not compete on Price.
Connect with your local limo companies and establish an affiliate relationship.
7. Choose Appropriate Vehicles.
Here are some car models worth looking into: Chevrolet Suburban LTZ, Cadillac Escalade ESV, Mercedes-Benz E-Class
8. Choose Good Drivers!
Your drivers are the face of your business. Spend time to recruit and train you drivers to become a chafferers.
Look for the guys with a good suit, neat sign, crisp look, confident demeanor, and a positive attitude.
9. Establish affiliate network.
Build a business relationship with another limousine company so that you can outsource your first jobs. Join global transportation networks.
In addition to traditional weddings and proms, you have funerals, airport transfers, destination management, events, road shows, and secure transportation. Keep in mind. Your fleet should operate 7 days a week.
11. Be On The INTERNET!
You can do this on your own using templates offered by hosting companies, or you can hire someone for a fee. A website is a great way to list all your services.
– and finally, very important:
12. Sigh-up with LimoFinder!
LimoFinder is the first ever real-time luxury transportation booking platform. With Limofinder you will make your vehicles visible on their corporate platform where thousand of Executive Assistants, Travel Agencies, Event Planners, Hotels, Private Airports, and other Limo Companies will be able to see your cars and book directly with you, without a commission.