Making the choice to quit the rat race and work for yourself is a big decision to make. There are many ways we can make money and be our own bosses. One a popular idea for many is to start a scooter rental business. Renting scooters to tourists can be an exciting career move. This type of company is potentially very profitable, but there are also certain things you should take into consideration before jumping in and starting the company.
Scooters are essentially a summer time activity. Perfect for hotter weather, they have thrived in countries where the weather is nice all year round. If you do not plan to live in a hot country, or a place that has a regular influx of tourists, then starting a scooter rental may not be a good idea.
If you are confident you will have a regular customer base, you should research the competition. If there are a number of scooter rental companies already available in the area ask yourself, will you be able to gain business from more established companies? Maybe think about how you can set your company apart from the others, think of a unique spin. If you are the only company or maybe one of two, then you’re more likely get a good amount of customers.
As with any new business, it is good to write a business plan. This will give you the ground work of where you are going in terms of logistics and how you intend to get to there. It will also help in the next part of starting a business, raising capital. There are going to be expenses in starting a business of this type. How many scooters will you need? how much will the rent be of your shop? A good business plan will help investors see you are serious about your dream and will then be more likely to help you fulfil it.
Once you have purchased the scooters, think about how they will be used. What is the local terrain like. If they are mainly going to be used in a town or city, where the roads are generally good, but the traffic can be dangerous, do you need to insurance them differently. Whereas if the local roads aren’t so great, but traffic is less, then you will have to also consider the up keep of your scooters a little more. Think about how to monitor your scooters if they are stolen or lost. Making sure your scooters are in perfect condition and always returned will be a large part of your day to day role. Decide on a system of repair and monitoring, so your business doesn’t lose out.
A scooter rental company can be very fulfilling. You get to meet a whole host of different people and the best part is you get to run your own life. Just remember to approach it as a serious business and you will have many years of job satisfaction.