Business Plan Part Iii - Business Initiative And Technology

Business Plan Part III: Business Initiative and TechnologyNameTutor’s Name04/06/2015 Options Available For Producing The ServiceThe first option is to source for limousines that are already modified for taxi business. The limousines may be sourced from other taxi service providers preferably from companies. Other sources for vehicles are online auction websites and other vehicle sales sites. The vehicles to be selected are clean, guaranteed safe with sufficient trunk space for customers’ luggage. The vehicles will need to be prepared to put them in the required standard and adorn them with company logo and livery. This option will require that the company sources for funds to finance the vehicle acquisitions. The vehicles may be acquired by taking a loan for outright purchase of vehicles or by leasing the vehicles from financial institutions (BDC n.d).The second option is to contract drivers with own vehicles and come into an agreement for commission service. The drivers will need to be trained in customer care, background checked including checks on criminal and accident records. In addition the vehicles will be inspected to be sure they meet the required standards. The