Searching for a sample Segway tours business plan? The brilliant two-wheeled personal mobility device invented by Dean Kamen has gotten its share of publicity since its 2001 introduction, both good and bad. But a budding market opportunity has arisen in recent years with Segway tours – organized excursions where users rent Segways and join a guided tour, generally of an urban area with a set route of points of interest. Popular in cities all along the eastern seaboard and gaining traction on the west coast, these Segway tours create a unique business opportunity for the right entrepreneurs. Make sure you have permission from the corporate office to use the Segway name in your tours, and that you'll be conducting the tours in an approved area. Once you're certain of that, develop a business plan that answers these important questions:
• What are the liabilities associated with this business model?
• What costs will you face related to insurance, maintenance, etc.?
• How do you plan to promote the tours to potential buyers?
• What market or region do you plan to occupy?
• Have you mapped out potential tour schedules or routes?
The plan for Segway tours should outline the different packages that people can buy into, i.e., if you will allow them to go on 1-hour, 2-hour, or 3-hour tours, outline the costs for each, what people get to see, and what other incidentals they might be entitled to with their purchase. You should have a demographic profile in your Segway tours business plan that shows you know who you're marketing to, along with a market needs assessment so that investors/bankers can tell your business model will be supported in its target area. A pro forma that projects your revenues and your business expenses over a period of 3-5 years is also vital. If you want to outsource the business plan or the task of modeling out the financials to a team of qualified professionals, call MasterPlans.com. We have the writers, researchers, and financial gurus on site to help get your plan done fast. Call today at 877-453-2011.
