Car Rental Business Plan
Car Rental Services
Table of Contents
S.no Description Page
Introduction
3
1.0
Executive Summary
4
2.0
Business Description
5
2.1 Business plan 5
2.2 Long term goals of the company 5
2.3 Starting plan & Expenses 5
2.4 Company strength &Uniqueness of service 7/8
2.5 Potential of the business 8
3.0
Marketing Plan
9
3.1 Marketing segments & Target segments 9
3.2 Market needs 10
3.3 Competition 10
3.4 Promotion & Advertising strategy 11
3.5 Pricing Strategy 11
3.6 Marketing Budget 12
4.0
Operation Plan
13
4.1 Various service offered 13
4.2 Selling price & Sales revenue 14
5.0
Management Plan
15
5.1 Management team 15
5.2 Role of Employees 16
6.0
Financial Plan
17
6.1 Profit & loss statement 18
6.2 Cash flow statement 18
6.3 Balance sheet 19
6.4 Break Even Analysis 20
7.0
Critical Risks
21
7.1 Potential problems 21
7.2 Course of action 22
8.0
Harvest of Strategy
23
9.0
Milestone schedule
24
Bibliography
25
Introduction
The company that I will be starting is a car rental service, which I plan to call "Road Runner Car Rental". This is being formed as a private company completely owned by me and which will offer services to the Bahrain & Saudi customers. RR car rental will offer well-maintained cars for individuals, families and business delegates for rental and chauffer driven services.
I plan to start the company with a good initial investment, leaving no stone unturned for marketing, advertisement and the overall look of the company. Although there are many car rental companies in Bahrain, I feel my company will stand out due to its unique services and customer satisfaction. As part of company expansion, there are future plans of opening driving training institute and a branch office in the Kingdom of Saudi Arabia.
I, Ms. Mae will be the sole investor and owner of the company. All the responsibilities for the services, assets and company decisions will be undertaken by me. The company will be located in the Exhibition area,
Table of Contents
S.no Description Page
Introduction
3
1.0
Executive Summary
4
2.0
Business Description
5
2.1 Business plan 5
2.2 Long term goals of the company 5
2.3 Starting plan & Expenses 5
2.4 Company strength &Uniqueness of service 7/8
2.5 Potential of the business 8
3.0
Marketing Plan
9
3.1 Marketing segments & Target segments 9
3.2 Market needs 10
3.3 Competition 10
3.4 Promotion & Advertising strategy 11
3.5 Pricing Strategy 11
3.6 Marketing Budget 12
4.0
Operation Plan
13
4.1 Various service offered 13
4.2 Selling price & Sales revenue 14
5.0
Management Plan
15
5.1 Management team 15
5.2 Role of Employees 16
6.0
Financial Plan
17
6.1 Profit & loss statement 18
6.2 Cash flow statement 18
6.3 Balance sheet 19
6.4 Break Even Analysis 20
7.0
Critical Risks
21
7.1 Potential problems 21
7.2 Course of action 22
8.0
Harvest of Strategy
23
9.0
Milestone schedule
24
Bibliography
25
Introduction
The company that I will be starting is a car rental service, which I plan to call "Road Runner Car Rental". This is being formed as a private company completely owned by me and which will offer services to the Bahrain & Saudi customers. RR car rental will offer well-maintained cars for individuals, families and business delegates for rental and chauffer driven services.
I plan to start the company with a good initial investment, leaving no stone unturned for marketing, advertisement and the overall look of the company. Although there are many car rental companies in Bahrain, I feel my company will stand out due to its unique services and customer satisfaction. As part of company expansion, there are future plans of opening driving training institute and a branch office in the Kingdom of Saudi Arabia.
I, Ms. Mae will be the sole investor and owner of the company. All the responsibilities for the services, assets and company decisions will be undertaken by me. The company will be located in the Exhibition area,
Bibliography: • Dethomas, Arthur. "Writing a Convincing Business Plan", Barron 's Educational Series; 2 edition (January 1, 2001) • Peterson, Stevens. "Business Plans Kit for Dummies", Bk&CD-Rom edition (January 15, 2001) • Rich, Stanley. "Business Plans That Win $$$: Lessons from the MIT Enterprise Forum", Harper Paperbacks; Reprint edition (February 18, 1987) • Arkebauer, James. "The McGraw-Hill Guide to Writing a High-Impact Business Plan: A Proven Blueprint for First-Time Entrepreneurs", McGraw-Hill; 1 edition (September 1, 1994) • Fullen, Sharon. "How to Write a Great Business Plan for Your Small Business in 60 Minutes or Less", Atlantic Publishing Company; Bk&CD-Rom edition (January 1, 2006) • www.bplans.com