Starting any business can be an intimidating task. There is a host of information to research on, finances to clear and re-adjusting your whole life to fit the business in it. A limo service business is no different. There is much to consider before taking on the venture. Once you have done your research and are completely sure it is the business for you to undertake, it is time to get going.
Limo services are certainly on demand almost everywhere. The ubiquity of the need for the services makes it a potentially lucrative enterprise. The business also comes with great opportunity to meet interesting people, work on a flexible schedule, and spend a good amount of time outside the office. On the flipside, it is a job that requires a lot of knowledge about car mechanisms in case of any breakdowns. Understanding of safety procedures and law requirements as well as high levels of professionalism and punctuality must all be observed in order to become a Limo service company that provides on time pickup, door to door service & a specialized chauffeur concierge. But before the business is up and running, here is how to start up a limo company:
Acquire the vehicle
Without a limo there probably wouldn’t be a business. Depending on the size of your prospective business plan, you have two options on how to get the limo: rent or purchase. For smaller enterprises, the recommended option is to rent. If your business is aimed to be larger, you may want to purchase the vehicle. When buying, keep in mind to check the quality standards of the vehicle including its upholstering, cleanliness, and safety standards. If the car is at a cheaper price and does not have some of those requirements, ensure you invest in getting it to a higher standard.
Deal with the law
The next step after you have the car in hand is to apply for necessary and required legal permits and licenses. Check and ask your local officials or government about what is required of you. Because it is a business, it is likely a business license will be needed. Also needed are taxi ID number and liability insurance. If you will be hiring a driver, he or she will need additional licensing for passenger transportation. The whole process may take a few weeks to complete, so the sooner you file the better.
A business is not a business without customers. After taking care of legal licensing, it is time to look for potential customers. Make connections and network with other limo companies as well as town businesses. Town businesses such as event planning are a great network option because they may alert you when your services are needed. That way, they may refer your services to someone who may be looking for limo services. Take advantage of associations such as the National Limousine Association in pursuit of increasing your exposure. By doing this, you are making it easier for customers to find you.
Advertise! Advertise! Advertise!
So you have a car, your licenses, your networks, and now all you need is put your business out there. Let people know you exist and that you are able to deliver quality services. Confidence is the key here and being sure that you can do it is only the beginning of turning your business into a great one.