Limo Business Plan

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It also can connect the borrower with a volunteer business consultant who is most likely a retired executive working with an agency called S. Get a separate phone line, and start answering that line the same way every time. If you cannot have the phone answered by a live person from 8 a.m.

to 7 p.m., set up a voice-mail system that assures the caller a fast callback.

If your credit score is so poor that you will clearly be a D-rated borrower, you probably would be wise to delay going into business. Your business plan will force you to do some serious market research.

Learn as much as you can about the business and about how to deliver quality service.

If you learn to do things the right way, you will put yourself in a position to compete for customers.

Get a copy of the current LCT Fact Book, which has the latest stats and facts about the industry and every possible vendor who could provide the products and services outlined in your business plan. Often, start-up limousine companies are started by a man or woman with a traditional 9-to-5 job. When you are in the planning stages, do the necessary research on the correct permits and licenses that your city requires. Getting into business without the proper licenses definitely increases your likelihood of failure.If you have negative credit information that can be explained, document the explanation.For example, you were incapacitated in 2013 with a back injury, and due to lost wages you were chronically late on your mortgage.A special-occasion type company will most likely start with a Sprinter van, limo bus, and/or stretch or super-stretch limousine.A sedan or SUV needs to be black or a very dark color.On the retail side, Americans continue to go to the prom, get married, “do the town,” and even go away on vacation.But those events all get scaled back, and as the Great Recession proved, many couples delay marriage, child birth, and vacations.Resolve any negative information on your report as quickly as possible.This may involve writing letters to old creditors, or in some cases it may involve paying off some old debts.Use the site as a potential customer’s information source.Set up deals that link your site to other related vendors, such as florists and wedding planners.

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