Passenger service business plan proposals need to get a few basic details squared away before they get deep into the meat of the market analysis or the marketing plan. How much capital do you need, and will a loan suffice or are you seeking private investment? An SBA-ready plan only needs a three year pro forma, but any document you present to a potential investor will need to break out the sales and expenses you envision for five years, along with showing an ROI calculation or percentage share the investor can gain from taking part. For the product and service description, tell what you'll use the passenger vehicles for and what size/type of cars or vans you'll operate. Whether you plan to purchase or lease the vehicles, be sure your plan answers:
• What routes you will travel
• Whether you cater to tourists or locals
• The range/territory you will cover
• The way you plan to market
• The permits and fees at play
A good passenger service business plan also has to prove that you have a sufficient market to make the service work. You should provide statistics about the competing businesses in the space right now, including both local competitors and any national companies that have a branch or office in your city. You'll want to talk about their strengths and weaknesses, along with how many people they employ and what their revenues are at present, if known. The pro forma can use this information to model out your own financial forecast. Need help here? MasterPlans can get the plan done for you in as little as 7-10 days. Our team of trained consultants will get the plan ready for you! 877-453-2011
