Business Idea: How to Start a Limousine Business
If you are thinking of starting a limousine business, I suggest you start by researching and thinking through the business. It is best if you put everything together in a business plan.
Palo Alto software has a sample business plan for the limousine service, but it is not included in the free samples they provide. It is only available when you buy their product:
Limousine Business Plan
There are a number of things you need to consider:
- What is the type of limo that is right for the business you are envisioning, taking into consideration the different makes and models available in the market
- Should you buy or lease? Should you use brand new or used limousines? More importantly, how much is your capital?
- Make sure to get limousine insurance.
- Determine how are you going to reach your target market and market as well as advertise the business
- Know the permits and licenses you will need
- How are you going to hire, train and get the license for your chauffeurs
- How do you maintain your limo fleet, including parts and supplies
- How will you price your services? What is the ongoing rate in the market today?
- What to expect on expenses, especially with the rising cost of gasoline
To give you more information on starting a limousine service, here are some resources and books:
National Limousine Association http://www.limo.org/
Limousine Industry Discussion Group http://limos.infopop.cc/eve
How to Start and Operate a Limousine Service (Plastic Comb) by Randell Nyborg
Wheels of Gold: A Complete How-To Guide for Starting a Million Dollar Limousine Business -- by William J. Goerl
How to Start a Limousine Business -- by Don Hill
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8 Comments:
oh yeah ....i agree ....that would be better
Great post! A lot of folks who go into the limousine business forget that SERVICE is the name of the game. Without great service, you might as well be driving clients around in a VW Bus.
http://www.addlimo.com
Yes its true, i agree with you servises its important in limos bizneses.
Business Idea: How to Start a Limousine Business ?? INTESTING QUESTION. But who want to start this business, remember! You should have a good servises!
Finding appropriate limousine insurance for your fleet is a must for any new limo business owner. Find insurance that is specifically for limousines, like what is offered by http://www.limoinsure.com/home.php
I love your post! I think its also a good idea to have some sort of specialty in terms of the kind of service you provide and focus on how to provide good service in that manner. Like having airport limos, for example.
Hmm.. and maybe starters in this business should try first giving airport limousine services because they are much easier to accomplish.
A lot of people wants to venture in this business...and im happy that someone has posted some sort of advice
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