Limo Company in Dallas
You have recently been looking at possibilities of going into business on your own and reckon that starting a limo company in Dallas could be a good idea. The figures tend to support what you were thinking, because the limousine business has been growing annually at a rate of around 2.7% every year for the last 15 years and the total revenues in the US alone are estimated at over $ 12 billion. To be sure, there will be plenty of competition but this also means that there is a good chance that people go about the business the right way of looking at the prospect of making money. If you are good with people and don't mind long and irregular hours of work, this could be the business for you. With good planning, effective marketing and the right range of services, there is no reason why you cannot succeed.
You must have an extremely good idea of what you are getting into. The business is certainly not right for every single person because it is based entirely on availability and high levels of service to the customer. If you are not comfortable with people are looking for a steady 9 to 5 job, this is certainly not for you. You have to be on call at all hours and the most profitable jobs come your way over the weekends. If you want to start your company with your own vehicle, your own website and adequate insurance coverage, you are probably looking at upfront costs of around $ 100,000 plus monthly costs of gas and maintenance until money starts to come in. You may be able to get by with less depending on what you are aiming for.
You have to make a number of important decisions, starting with the type of company you would like. It is much easier to operate as an online business by starting with establishing a customer base operating as a call centre, arranging a vehicle or two with outright purchase or lease and starting off business. Operating like a call centre, all you actually need is a business card, a website and a toll-free number. You can even sub contract businesses that comes your way to other limousine companies and earn a commission of around 20%. The contracting has the merit of saving capital while building a your own customer base.
Now we come to marketing and business planning. A strategic plan will enable you to outline your goals and the type of different services that you have decided to offer. It involves working on your business concept, the products and services being offered, establishing your strengths and weaknesses and the metrics to measure your progress. The metrics could include valuable information such as the number of repeat customers and the rate of conversion of enquiries into sales. In a luxury business, being the cheapest option is not necessarily the best. You might also consider hiring a consultant who specialises in the limousine business to help you get off to a flying start.
You must have an extremely good idea of what you are getting into. The business is certainly not right for every single person because it is based entirely on availability and high levels of service to the customer. If you are not comfortable with people are looking for a steady 9 to 5 job, this is certainly not for you. You have to be on call at all hours and the most profitable jobs come your way over the weekends. If you want to start your company with your own vehicle, your own website and adequate insurance coverage, you are probably looking at upfront costs of around $ 100,000 plus monthly costs of gas and maintenance until money starts to come in. You may be able to get by with less depending on what you are aiming for.
You have to make a number of important decisions, starting with the type of company you would like. It is much easier to operate as an online business by starting with establishing a customer base operating as a call centre, arranging a vehicle or two with outright purchase or lease and starting off business. Operating like a call centre, all you actually need is a business card, a website and a toll-free number. You can even sub contract businesses that comes your way to other limousine companies and earn a commission of around 20%. The contracting has the merit of saving capital while building a your own customer base.
Now we come to marketing and business planning. A strategic plan will enable you to outline your goals and the type of different services that you have decided to offer. It involves working on your business concept, the products and services being offered, establishing your strengths and weaknesses and the metrics to measure your progress. The metrics could include valuable information such as the number of repeat customers and the rate of conversion of enquiries into sales. In a luxury business, being the cheapest option is not necessarily the best. You might also consider hiring a consultant who specialises in the limousine business to help you get off to a flying start.
