Trying to get a car sharing business plan together? This exciting business model is a true “sign of the times.â€Â With gas prices at historical highs and people becoming more and more concerned about the impact they're having on the environment, the concept of the carpool has roared back with a vengeance. Car sharing enables multiple people – often in separate households, but sharing a city, place of business, or schedule – to make use of the same single vehicle. This is a modified version of what ZipCar and other companies have offered, but it's an exciting opportunity for progressive start-ups. Your business plan for car sharing should:
• Show the potential user base you can support
• Outline the number of vehicles you will have
• Determine the geographic boundaries of the model
• Itemize the start-up costs you will likely face
• Estimate the number of employees your business will have
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The business plan needs to go into detail as well about the competitive threats in the market. There is the indirect threat of unorganized carpooling (and the old status quo), but what about the direct competitors in this market space that may already have traction or a decent share? Look at ways for your business to make inroads. Also outline the personnel forecast as part of the larger pro forma, which ideally will show 5 years (an investor requirement) of projected revenues, cash flow, profit and loss, balance sheets, and a solid break-even point. MasterPlans can create this plan for you. Call us today to learn more about our service: 877-453-2011.
