Use a spreadsheet to estimate your starting costs.
Add up all costs for a total start-up cost and include it in a business plan. Use your research and SWOT analysis to support your financial model. Solicit help from investors, starting with friends and family, and then set up a meeting with a few local banks in the area once you obtain at least 20 percent of the up-front costs. Offer your services to a local senior center. If you can secure customers that need the service, this will support your idea with creditors and other potential investors.
Start your business out of a local senior center or other location that is popular among seniors. Begin with only one vehicle and expand as business improves. James Collins has worked as a freelance writer since His work appears online, focusing on business and financial topics.
Starting a Senior Transportation Business. About the Author James Collins has worked as a freelance writer since How to Start a Senior Transportation Business. Our concierge can help you create the perfect job posting, find attorneys with specific experience and answer any questions about using UpCounsel or working with our attorneys.
Speak to our concierge, who will help you create your job post to get the best bids. Our legal concierge has been notified that you have requested assistance. You should receive a call within a few minutes.
If we have a problem getting in contact, we will send you an email. How to Start a Transportation Business: Everything to Know To start a transportation business, you will need to decide which type of business you intend to create. Determine What Kind of Business You Want Do you want to run a sole proprietorship , limited liability company, or corporation? Get a Federal Tax ID Number If you are running a sole proprietorship or a corporation of one, you can use your social security number. Write a Business Plan Your business plan should include your company name, the type of business you are starting, and where your business will be located.
Your business plan may include: Defined goals for your business. A plan of how you are going to deliver your services. A description of your finances A description of your expenses, down to labor costs, maintenance, and profit goals A marketing strategy. Names of any members of managers, including all contact information. Plan Out Your Finances You will need to have money in order to begin your transportation business. Get Your Business License Check with your local municipal office to determine what type of license you will need to run your business legally.
Miscellaneous Requirements When you begin a transportation business, you will need to make sure that your vehicle meets the specialized criteria for the business you are running. Insurance You will need to look into maintain proper insurance, both for your business itself, and for you drivers and vehicles, ensuring that all drivers and vehicles are properly insured as required by your jurisdiction. Equipment Your business plan should indicate the equipment you will need, from the number of vehicles, to wheelchair lifts, down to printers and fax machines for your office operation.
Employees If you need to hire employees, you will need to ensure that you hire them in accordance with the laws of your jurisdiction. Was this document helpful? This article is provided by an UpCounsel lawyer.
Our services will be carried out by highly trained professional who know what it takes to give our highly esteemed customers value for their money. We are going to be amongst some of the non — emergency medical transportation service providers in the whole of Florida that will run a standard medical call center for 24 hours a day and 7 days a week.
We have enough trained health workers that are ready to run a shift system. Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category non — emergency medical transportation service providers in the United States in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.
It is important to state that our sales forecast is based on the data gathered during our feasibility studies, market survey and also some of the assumptions readily available on the field. Below are the sales projections that we were able to come up with for the first three years of operations;.
Please note that the above projection might be lower and at the same time it might be higher. In order to achieve that, we will ensure that we offer top notch all — round non — emergency medical transportation services at affordable prices compare to what is obtainable in Florida. All our employees will be well trained and equipped to provide excellent and knowledgeable non — emergency medical transportation services and customer service.
We know that if we are consistent with offering high quality service delivery and excellent customer service, we will increase the number of our customers by more than 25 percent for the first year and then more than 40 percent subsequently. Before choosing a location for our non — emergency medical transportation services, we conducted a thorough market survey and feasibility studies in order for us to be able to be able to penetrate the available market and become the preferred choice for residence of Miami Beach, Florida — United States of America and other cities such as Green — acres City, Miami, Jacksonville, Clearwater, Tampa, Fort Lauderdale, North Miami, West Palm Beach, Palm Harbor, Deltona, Orlando, Palm Bay and Panama City et al where our services will be available.
We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time. We hired experts who have good understanding of the non — emergency medical transportation service industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Florida. We in the non — emergency medical transportation services business -to become one of the market leaders and also to maximize profits hence we are going to explore all available conventional and non — conventional means to promote our business.
As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand to the general public.
On the average, non — emergency medical transportation service providers usually leverage on the fact that a good number of their clients do not pay the service charge from their pockets; private insurance companies, Medicare and Medicaid are responsible for the payment. In view of that, it is easier for non — emergency medical transportation service providers to bill their clients based in their discretions.
However, in most non — emergency medical transportation service providers adopt the hourly billing cum per visit billing method. Here are the payment options that will be available in every of our outlets;. In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any itches.
If you are looking towards starting a non — emergency medical transportation services company, then you should be ready to go all out to ensure that you raise enough capital to cover some of the basic expenditure that you are going to incur. The truth is that starting this type of business does not come cheap. You would need money to secure a standard office facility, you could need money to acquire medically equipped ambulances and supply and you would need money to pay your workforce and pay bills for a while until the revenue you generate from the business becomes enough to pay them.
Besides it is expensive to acquire a standard well — equipped ambulance. The items listed below are the basics that we would need when starting our non — emergency medical transportation services business in the United States, although costs might vary slightly;. They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the start — up capital to 3 major sources. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.
The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. We know that one of the ways of gaining approval and winning customers over is to offer our non — emergency medical transportation services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more.