BIKE TAXI BUSINESS PLAN GUIDE
One of the major problems in urban centers today is the problem of congestion, both human and vehicular congestion. Various governments have tried many methods to solve this menace. Some have succeeded up to a certain extent and some have failed woefully.
The bike Taxi is exactly what you think, a motorbike that can be used as a taxi. So basically bike Taxis are bikes which can be requested for just as one requests for a four-wheeler taxi (car taxi). Bike Taxi’s help saves a lot of time as they are smaller and can maneuver around traffic easily.
Here is a sample business plan for starting a bike transport business.
There’s a lot of potential for bike Taxi in many urban centers. Here’s a Bike Taxi Sample Business Plan, if you are interested in going into a bike taxi business.
Business Name: Alao Transport Co.
- Executive Summary
- Our Products and Services
- Vision Statement
- Mission Statement
- Business Structure
- Market Analysis
- Sales and Marketing Strategy
- Financial Plan
- Competitive Advantage
Alao Transport Co is a new player in the transport sector the company is based in New Delhi India. We have seen a problem, which we can solve and make money in the process. Alao has gotten the required licenses from the government of New Dehli and India; therefore we are ready to start the business.
Alao is run by Mr. Gupta Singh, who has had many years of experience in the transport industry. He was the first manager for Uber when they came to India some years, back so he has the requisite skill and knowledge to do the job.
Our Products and Services
We offer a bike Taxi service majorly for the bigger cities of India. We are servicing New Delhi, Bombay, and Kolkata for now.
Our vision is to reduce the time, between when someone requests our Bike taxi and when it is finally gotten to a maximum of ten minutes. Also, we want to do all this at very affordable pricing.
Our goal is to help residents of large cities move around the city quickly and easier. This we hope to do by providing the cities with our two passengers and three passenger bike taxis.
The CEO of Alao Transport Co is Gupta Singh, he also sees to the day to day directing the business. The business is divided into three segments. The tech part, these are though who webmasters, our graphic designers, and those who ensure that our apps run seamlessly.
We have the administrative section, which comprises of the bookkeepers, human resource persons, and the likes of them. Finally are the customer care agents, who receive complaints, with Mr. Singh to oversee everything.
This business is an owner bike taxi business; this means that we don’t own any of the bikes. We shall be partnering with people who own bikes in the city who have the time and are willing to use them as taxis. And for those who don’t have the time, we shall help them get riders, and of course, the money will be divided three ways.
India has a population of over 1billion people; this is more than the population of Africa, which is a continent. The majority of the population exists in the urban center, and this is where traffic congestion is felt most.
By situating a bike Taxi in these commercial hubs, we will be taking advantage of the population explosion. The transportation sector is a money-spinner, especially if you know that you are doing. And taking advantage of the high demand for quicker means of transport will make everything easier.
Sales and Marketing Strategy
Our first point of call is social media adverts, and then Google and Bing adverts. Next will be strategically placed billboards, then we will be using handbills in high-density commercial districts of New Delhi. New Delhi is the city we shall be starting with first, before going into other cities.
To make people come onboard faster, we shall be giving out free rides to all our first-time customers for the next 1 year. And there will also be points that can be acquired when someone refers to a friend. Those points acquired can be exchanged for rides later after they have accumulated to a certain extent.
And we shall be wooing bike owners in New Dehli, wooing them with the options that they can make money. This is apart from the fact that they can do it at their convenience.
The business has kicked off, but it is not running at optimum capacity. A VC funding of $1.5 million is our goal.
But in the meantime, we shall take a loan of Rs 500,000 from the bank to run the business.
We are the only Bike Taxi service in New Dehli, so we stand to make a lot of profit until others join us.
Starting a bike Taxi service is nothing difficult, however, it requires a lot of technical skills. This is a Bike Taxi Business plan, and it will give you an idea of what it entails to start up a bike Taxi service.