Charlotte, the largest city of North Carolina, is renowned for its banking and financial industry. It is the home of several Fortune 500 companies as well as being a motor sport center.
Car rentals are very useful especially for companies to hire or lease cars for their employees, to provide pick-up and drop services.
ENTERPRISE RENTAL
Start-Up Details of a Car Rental Business:
Any business venture has to be carefully examined and analyzed to determine the feasibility of the idea. Research and analysis of the competitors can help you accurately arrive at a conclusion if the venture is viable or not. Determine a location to begin the business and study it extensively to find out if there is a demand for the rental business, if so the extent of the demand. Find out who rents cars, individuals or enterprises.
It will help if you gave your business a legal structure, select an appropriate name, and register it. This gives you limited liability protection. You will also require a good insurance coverage. So shop around and get a good coverage from a reputed agency.
It will be necessary to have certain licenses and permits in order to operate a car rental business. Get the necessary information by consulting an attorney.
Carefully list the vehicles you will rent and estimate start-up costs as well as initial expenses. If you are short of funds, carefully prepare a loan application.
Select an ideal location for your business, make sure the lease is a long-term gross lease, and check if the zoning restrictions are followed. Perhaps you will require an office in a commercial area and a garage to house all your cars, if necessary, in another location that is not too far away.
Figure out the services you will provide and the rates you will charge, the durations of the lease minimum and maximum. Be sure to maintain and services your fleet of vehicles periodically.
Hire necessary staff as per the needs of your business. Make sure they are qualified for the job they have to perform and that their performance is assessed. You could buy certain products available to help new entrepreneurs like you run their business successfully.
Advertise your service in all media such as newspapers, radio, TV, magazines, direct calling clients. Have a Web site listing your fleet of cars and the services you provide and the rates you charge. Make sure your firms brochures are available in tourist centers and hotels and are listed in the yellow pages. You could also use a rent-to-own option, as it will take care of the problem of disposing used cars, which seem to have no market value. Target corporate clients by direct calling, by having a representative meet them and explain the benefits of using your services etc.
If under good management, a car rental business can be a good business venture.
Starting A Car Rental Business In Charlotte
Alexander Gordon is a writer for http://www.smallbusinessconsulting.com - The Small Business Consulting Community. Sign-up for the free success steps newsletter and get our booklet valued at .95 for free as a special bonus. The newsletter provides daily strategies on starting and significantly growing a business.
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ENTERPRISE RENTAL
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