Did you search Hertz business plan looking for information on how the Nasdaq-listed car rental company got its start, perhaps because you hope to launch your own rental agency? Hertz itself has been around since 1918, and there's no telling what sort of “business plan†founder Walter Jacobs laid out for himself or his partners. But now that the company's in 145 countries around the world and employs almost 30,000 people, there can be little doubt that it was a successful one from inception. But if you're looking to start a similar business, just on a smaller scale, the business plan you will need should incorporate some of the same basic market research, modeling, and marketing concepts that have been behind Hertz Global Holdings for many decades. Your business plan should make a clear statement about each of the following topics:
• What is the geographic market you would service?
• What sort of vehicles would you purchase, and at what costs?
• What will your average rental fees be?
• What are the terms and conditions for a client?
• Can you tell the sort of insurance policies that you'll offer?
• What is your likely use of funds, break-even point, and ROI for investors?
If you plan to pitch the idea of a new car rental agency to a bank for seed capital in the form of a loan, make sure you have a careful use of funds table developed and a standard loan repayment timetable that you can stick to. For an investor proposal, which is the more likely course given the amount of funding you're likely to need, you should show at least five years of projected revenues and expenses and include both an investor proposition (showing the share you'd offer) and an exit strategy (giving your stakeholders an idea of their options in 5 years). Also include a complete market analysis and a section on your management team. There's more to a plan than this; whether you aspire to be as big as Hertz or simply want to start a small car rental business, the experts at MasterPlans can help – call us today at 877-453-2011.
