Below is an outline of the sections and pertinent information that should be included in a business plan. Remember to contact your local Small Business Development Center for assistance in developing and completing a business plan. Discuss methods of production or service delivery, product or service development, quality control, inventory control. Contact your local Kentucky SBDC for additional tips and templates for preparing an effective business plan.
WHAT WOULD YOU LIKE TO DO?
Motorcoach and Charter Bus Financing | 1st Source Bank
A bus transport business plan needs to know what the market need is for transportation services and who the major players are currently in your market. The competitive comparables can give you a good feel for the challenges you will face, the revenues you can earn, and the sort of weaknesses in other companies that you can capitalize on to grow your own business. The bus transportation model is a simple and time-tested business model, but with escalating fuel costs and fluctuating consumer demand, it's hard to estimate the long-term profitability without having a list of assumptions you can tweak in the financial model. The business plan for a bus transport company needs to show a strong marketing plan as well so that readers can see you know how to grow the brand and gain market share from other transport providers bus, train, taxi etc. You should include a management summary that identifies the owners and key employees, as well as the hiring timeline and wages for all staff.
Start a Bus Company
Shat from Fotolia. Starting a motor coach company requires funding to purchase the buses and pay for expenses until the company can make enough money on its own to meet its costs. Among the expenses of a bus company are bus repairs, equipment, buying a bus, fuel and hiring professional drivers. The company will require at least two buses at first, usually one small bus and a larger motor coach.
The need of mode of transportation whether private or public remains prevalent. In developed countries, government transportation system like buses is very common. However, the need of taxi services is also increasing day by day.