The child transportation service business plan describes a fairly simple business model but must do so in terms that a banker can grasp and get on board with. Obviously you need a good credit history and some tangible collateral to be seriously considered for a business loan or line of credit, but a stellar Small Business Administration-caliber business plan must have a clear vision for what your company will accomplish. In the child transport industry, this means making it clear that you know what your role is as a temporary caregiver to these children, and that you have researched the liabilities and costs associated with a business like this one. A child transportation service business plan should answer:
• How big is the target market?
• What sites will you take children to and where will pick-ups occur (radius)?
• What is your background and what qualifications do you have to work with kids?
• Will you operate one vehicle, or more?
• What is the lease rate for the vehicle/fleet, and who will be the driver(s)?
The business plan for a child transportation service needs to have a section detailing your staffing needs, even if the company will essentially be a sole-prop and you will serve as the CEO and the driver. Show the salary you will draw along with payroll rates for all non-1099 assistants. The business plan also needs a thorough market analysis showing the households in the region (family size, income, education, etc.) and the market need you fulfill. Also provide a marketing strategy that outlines how you intend to get new clients to the service. The business planning team at MasterPlans has worked on this business model dozens of times since 2002. Call us today to learn more about how we can help. (877) 453-2011.
