Are you looking into starting a designated driver business? This business model has evolved considerably over the past few years. There have been moped services where a driver will come to you and the pilot your own car home and models where sober delegates work local bars seeking charges similar to a taxicab company. This honorable business model has taken seed from Seattle to Miami. But in order to get a designated driver business off the ground, you will need a solid business plan that looks closely at the market opportunity in your area and your ability to generate a decent return that can service the loan you need. Topics to cover in the document include:
• How many employees will your business need? When do they come into the fold, and at what salary?
• Which sort of marketing elements will give you the most traction?
• Are there future services you envision debuting, and if so, when?
• How much capital do you need for the business and when could you hit break-even?
The plan will also need you to identify start-up funding by category -- how will you use the money you get? The pro forma should include a revenue forecast, a profit and loss statement, break-even analysis, cash flow, and sensitivity analysis. The plan also needs a monthly breakdown for key estimated financials during Year 1 post-funding. Not sure where to start with the pro forma, the market and industry analysis, or the description of how your designated driving service will work? Call MasterPlans. MasterPlans.com has the experts in-house to get your idea researched, written, modeled, and delivered in record time. Call us today to discuss your needs and our abilities with a consultant here at MP. Phone toll-free at (877) 453-2011.
