Streamlined Vehicle Services for Busy Professionals
Entrepreneurship Course Insights and Business Venture
From the entrepreneurship course, I have learned many things related to the business world, including the process of creating and launching a new company, and the best methods for attracting potential investors. I have learned to develop crucial tools for raising awareness of our company, such as a One-Pager, which is an executive summary of a company. All the valuable information appears on a single page, making it very useful for potential investors to evaluate the company at a glance. I have also learned how to create an Investor Deck, a presentation designed to provide a brief but persuasive overview of a company’s business plan.
Investment Tree Analysis
An “investment tree” is a tool used in finance and investment to evaluate and make strategic decisions. Investors can use an investment tree to assess the risk and return of different investment options and make informed decisions. It also allows them to identify and compare the best investment opportunities based on their financial goals and risk tolerance. In our project, our investment tree comprises:
- Initial Investment:
- Development of the technological platform
- Recruitment and training of personnel
- Acquisition of replacement vehicles
- Services Offered:
- ITV (Technical Vehicle Inspection)
- Tire change
- Car wash
- Car maintenance
- Refueling
- Customer Segment:
- People with little time available
- Customer Demands:
- Convenient and efficient services
- Collection and delivery of the vehicle at the indicated place
- Replacement vehicle available if needed
- Growth Options:
- Geographical expansion:
- Open branches in other cities
- Expand the coverage of collection and delivery
- Expansion of services:
- Offer additional services
- Establish alliances with workshops and related service providers
- Diversification of the target audience:
- Target other customer segments with similar needs
- Geographical expansion:
- Return on Investment:
- Generation of income through the services offered
- Establishment of a fee for each requested service
- Increased demand and customer loyalty
- Risks and Challenges:
- Competition in the vehicle services market
- Maintain high standards of quality and customer service
- Operational and logistics costs
- Evaluation of Success:
- Number of customers served
- Customer retention and satisfaction
- Profitability and income generation
Business Idea: On-Demand Vehicle Services Platform
The business idea of creating a platform to request various services for vehicles has the potential to be successful for several reasons:
- Satisfying an Existing Need: There is a growing demand for vehicle maintenance and care services due to the lack of time of busy people. Many people do not have the time to take their vehicles for ITV, tire changes, car washes, regular maintenance, or even refueling.
- Comfort and Convenience: By offering a vehicle collection and delivery service at the client’s designated location, we eliminate the hassle of vehicle owners having to travel to garages or service stations.
- Diversity of Services: The platform offers a wide range of services, including ITV, tire changes, washing, maintenance, and refueling. This diversity allows customers to meet multiple needs related to their vehicles in one place.
- Replacement Vehicle: Providing a replacement vehicle while the customer’s primary vehicle is being serviced is a significant added benefit.
Scalability of the Business Idea
The business idea is scalable because of:
- Broad Target Market: The target audience is people with a busy lifestyle. This market segment can be quite large, offering significant growth potential.
- Potential for Geographic Expansion: Initially, we will offer services in a specific location and, as we gain experience, expand to other geographic areas.