In order to start a car rental business, you need a fleet of cars, insurance for the vehicles, money for advertising, a referral network, and trusted employees to take care of the cars and manage the business. Making money renting cars involves understanding your market and meeting your customers' needs.Know More
For instance, when choosing cars for your fleet, will a used car satisfy your customer? Or does your customer prefer a luxury car? Auto Rental News advises car rental entrepreneurs to carve out a niche, and choose a unique name and advertising slogan. Print, radio and online advertising will give your business exposure to potential customers, as will a marketing alliance with a local business like a hotel. In this scenario, you ask the hotel to refer people to your car rental business while you reciprocate by referring customers to the hotel.
On the operations front, it's important to examine business fundamentals such as average rental time and revenue generated per customer. Also pay attention to financial considerations like money reserved for repairs and investing in more vehicles. Auto Rental New stresses the importance of retaining good employees through rewards for doing a good job, and committing the business to constant improvement.Learn More
To start a taxi cab business, learn about the competition; purchase the vehicles; obtain a commercial driver's license and insurance; establish a central location; and advertise the business. You need decals, toplight signs, meters and bright paint to operate your business.Full Answer >
If you want to run a successful dairy farm, you need to get the required skills and knowledge. Here are the steps to staring a dairy farm. This is an intensive process that could take months to complete.Full Answer >
In order to start babysitting, first take the necessary CPR and first aid trainings required for people who are responsible for caring for children. Then, take a babysitting course, and check your local ordinances regarding any licenses you may need. Finally, notify families in your area that you are available to baby sit.Full Answer >
To start a business, you need to get an employer identification number, register your trade name, obtain a business license, check on additional permits and get a business bank account. A business owner may also need a certificate of resale and a completed business personal-property tax form.Full Answer >