In starting your senior transportation business, you have to choose your niche. Even when you decide to serve the senior, you have to specify which group of seniors you are serving. Seniors may be segregated according to their physical conditions, social status, needs, etc. Choosing your niche helps you decide which type of transportation you should have.
For example, there are senior transportation home-based businesses catering to wealthy seniors. The type of vehicle used to provide transportation services is limousine. Limousine cars take wealthy seniors to and from parties, social gatherings and dinner.
There are also senior transportation services that use Vans or mini-bus to send to and pick up seniors from their appointments, meetings, and social gatherings. Seniors who live in small towns or parts of larger cities enjoy the bus or van ride.
Another niche is given to seniors, adults and children who sustain physical disability. Transportation Home-based business for disabled persons has a good market as well. Even manufacturers of cars create specialized cars especially for the safe and comfortable transportation of the disabled.
When you have decided on your niche, ascertain the specific licenses needed. The Internal Revenue Service in your local area can help you with your business tax. Registering your business can be done in another bureau.
The safety of your clients depends majorly on the character and skills of your driver. Most transportation home-based businesses start with one vehicle, which is driven by the business owners themselves.
They themselves have certificates on giving First Aid and Cardiopulmonary Resuscitation in case of emergency. They even went to training to learn how to respond to emergency call with the welfare of their clients their top priority.
Business insurance is a very important item to consider in your home-based business. Most transportation businesses obtain insurance of highest coverage in terms of property damage liability and physical injury liability. Having good insurance policy protects your from possible ugly lawsuits.
Develop a good business plan. There are two approaches which can help you achieve your financial goals. The first one is by being a private transportation service provider that caters directly to clients. The other is by becoming a sub-contractor to larger firms.
Many transportation home-based business owners find being a sub-contractor to be a better choice. However, it may require few certificates. Owners who are certified as an MWBE or Minority/Woman Owned Business Enterprise or a DBE or Disadvantaged Business Enterprise may be qualified to secure contracts as a subcontractor to firms.
Your marketing strategies are important to promote your transportation business. You can visit senior resource centers and senior housing facilities and discuss your business proposal with the administration.
There are also firms that are requesting Request For Proposals or RFP especially issued by state government. You can also sign up your home-based business so you can submit your business proposals.
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