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Weigh the threats against the opportunities to ascertain the viability of your business concept. Consider ways that you will get the word out about your business.Then create a plan to keep in contact with customers after they have experienced your service.
This is an important part of your business plan for investors.
Even if the concept is amazing, they will want to know how you plan to let the general public know it's amazing. Mantill Williams of the American Public Transportation Association says, "Riding public transit saves individuals $9,242 annually." Saving money has always been a HUGE motivator.
Product and Services DDTOW will provide daily sightseeing tours and charter services in Washington, DC.
We will survey the White House, Capitol Building, Supreme Court, Senate Office Buildings, House Office Buildings, Museums, Library of Congress, etc., as well as Adams Morgan, the U Street Corridor, Catholic University and many other sites that make up the city.
List the members of your management team that will help ensure your business is successful.
Collect the resumes of the people you plan to put in charge of running your business.
Let me tell you this, if you have so much backup funds, then get into this business Step-1Buy two bus as a start, never buy single bus an try your luck, used volvo bus cost upto 25 - 50lac or buy a new bus through bank loan, 100% loan for chasis, and 50–60% loan on body you buy a bus, must check its fuel mileage and condition not the aestheticsdo all paper work and insurance, there are agents who take care of it, which they will charge you Rs.50000check whether bus has arrear taxdecided on what permit are you going, all india permit or contract carriage Step-2Find a route, do a lot of calculation, here are the expensesstep-3once route is confirmed then get listed in these portal redbus, bitla, abhibus etcrest of the work they will take care, almost 90% booking comes through these portelsalso get an own office or partner with an agent, partnering agent is good at the beginning as you are paying commissions.step-4thats it, you are all done, be passionate and always think of pampering your passengers, only that makes you win in this gameatleast run this business for 3–6 month period on everyday basis, by this time all passengers will come to know you and if you are good at your service then you won this make profit on seasonal holidays and weekends, other days you will be spending money from your pocket so always keep back up money.
A public transportation business is a major operation.
Consumers who are concerned with the environment will opt to use your services to cut back on their own carbon footprints.
However, a boom in electric cars or no-emission cars at affordable prices could do the opposite with the same customer demographic.