Starting A Movie Rental Store

Ever wanted to start your own movie store and make some money? I've wanted to do so for a long time but sadly because of the ever changing economy and people being laid off left and right. My dreams of starting a movie rental store franchise must be put on hold in diffidently. But that doesn't mean it's the end.

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Now don't get me wrong, starting a movie rental store is great and all but you may want to take a look at your competition. Yeah, does the name Blockbuster, NetFlix, and Red Box sound familiar. Blockbuster the titan movie store who had rivals a plenty, quickly snuff out its rivals such as Hollywood Video and Pop and Mom movie rental shops out of business. Only to find its self feeling vulnerable to the same fate if it didn't change its strategy and move up a notch to compete with Red Box and NetFlix. These two are powerful titans of movie rental that rose up several years back. NetFlix offers movie rental through the mail and no late fees. Red Box is a vending like a Kiosk machine that you can walk up to at any Walgreens or Walmart, and rent movies from and the price to rent is a dollar a night. Therefore putting a hurt on Blockbuster and forcing it to compete with the two new super powers of movie renting.

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So if you plan on running a movie rental store, you'll need to find a store or shop that can house your entire movies. Buy movie shelves to hold your movies and displays. A computer with software for keeping records of films rented out to customers, paying the electric bill and rent of the store. Oh, and don't forget the cost of insurance for the store, and security screening devices, (the type that people has to walk through). Add it all up and you're wasting away money if you don't earn any revenue. The only way to keep your store from closing for good is to have a second job to support your movie store. Otherwise your store is going to last for only a short time.

If you think about it, the movie store is a good idea if you're in a good neighborhood or district that has no rival movie rental store to oppose you or compete with. Secondly about this is that you have to have loyal customers who come frequently or weekly to patronage at your store. Third, you need to figure out how many days will you allow customers to view your films. You should limit or max the viewing days up to five days for older titles and 3 days for newer title, giving them time to view all films. Four, the time rentals need to return to the store. You need to be flexible if you want your customers to be able to return them. So let's say due after 10 pm midnight, so that they don't feel the rush to return movies that they rented. Step five, offer deals and discounts on snacks and specials at your store. Every customer needs to at least once in a while purchase snacks for movie night. So offer snacks for sale at your movie store, such as microwavable popcorn, potato chips, candy and soda. By doing so, you help them save time from going to the gas station or grocery store. Step six, have a drop off box available for returning movie rentals. So your customers won't feel that they're late or have to return later on to drop off movies. With those being said and if you can find a good place to open your movie store, then you are good to go.

Alright, so you got a game plan. Good, now you need to find suppliers who in which you can purchase your DVD movies from and at cheap price so that you can fill up your movie rental store. A good place to look is the internet. There are several suppliers out there so remember you need to show some proof of your business such as a tax id form or reseller license, before ordering from them. After that everything is else is good. So go on and do some research and plan ahead.

Starting A Movie Rental Store

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Starting A Broward County Limo Rental Business

Broward County is the fifteenth most populated county in the United States. According to the US Census Bureau, the county's population is placed at 1,623,018, which also makes it it the second most populated county in the state. Its county seat is Fort Lauderdale. The city is a state economic powerhouse, along with its neighbor, the Miami-Dade County, and has a healthy economic base.

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For those wish to start a limousine rental business here, it would be heartening to note that the area's tourism market is a truly thriving one, which should help prospective limo rental owners to make a good head start in running a successful rental operation, to serve the many needs of tourists, businessmen, and families whenever they need a limo for different types of special occasions.

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Do Some Research First

First, it's important for prospective limo rental owners to do a lot of research into what type of limousines you want to have. This also means that you should begin to check on the various vehicle designs and types, and decide if you prefer having a single standard vehicle, like a Lincoln or a Chrysler, or do you want one that you can modify yourself and create into the vehicle of your choice.

You also need to compare what you want in a vehicle, and to what other companies in your area have for their vehicles as well. In addition, also verify what your potential clients are going to prefer. There is no reason at all to buy a a fleet of vehicles that are not the style that your clients are going to like, as this would not be a good way to succeed in this kind of field.

Verify If You Need To Buy Or Lease Your Vehicles

The next move, is to determine whether if you can afford to buy your vehicles, or if you are going to be forced to lease them for the meantime. From then on, you also need to consider the cost for additional mileage that can be added on as part of the lease, as this could be a very real expense that will likely incur a lot of expense in the long run.

You also need to budget ahead of time when you are comparing figures, in order to make the best decision that you can afford while still ensuring that you keep your business profitable, and be able to find out exactly what hidden costs are included in the lease before you actually sign the lease agreement.

Verify What Licenses And Requirements Are Needed

You also need to spend some time following up on the various requirements needed to operate your business. Such as the license and permits, and these may differ with each town or city. You should know all of this information before you actually purchase or lease the limousines in case you encounter some problems in the approval process, which could postpone or possibly derail your limousine rental service. .

Find Good, Knowledgeable Staff

Once you have completed all the licensing requirements, as well as acquired the types of vehicles to use, it's now time to decide on looking for your drivers, and training them. As you want to make sure that your staff should be well-trained and have the appropriate licenses to legally drive the vehicles, you also need to verify the previous driving records of your personnel, as you do not want to hire someone who has a previous bad habit of driving, to work for your limousine rental service.

Determine Your Operating Expenses

Once you've already obtained the licenses, and trained your staffers, your final task is to determine what your operating expenses are going to include. Normally, this will include vehicle insurance, taxes, oil, gas, staff wages and other indirect expenses. With a lot good planning and research, you should be able to avoid the pitfalls of running this business, and ensure a successful operation.

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Starting A Broward County Limo Rental Business

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Starting A Car Rental Business In Charlotte

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.

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Car rentals are very useful especially for companies to hire or lease cars for their employees, to provide pick-up and drop services.

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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.

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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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