To avoid this, all unnecessary details are removed from the business plan. That will encourage investors and then the city will change. Where the business plan is discussing a business idea that have not been patented or copyrighted, it becomes very wise to include a strong non-disclosure statement on the cover page that states that information in the plan is not to be disclosed.
It is either you let the market work itself, or you provide subsidy. How would you describe the experience so far, considering all the negative reports about government not keeping to its own part of the agreement in other similar contracts?
What do they want? What is their market share? You are your own boss. Additionally, you will get to know the cost of living. Transportation business is a profit making business in Nigeria.
But it is possible to start in a small way as an individual who is trying to make ends meet. It is estimated that 86 immigrants enter Lagos every hour — the highest in any city in the world — and they have no plans to leave.
The few challenges have been surmounted with the courage and dedication of the governor to make commuting stress-free in the state. Thus, both parties can benefit from the balance-and-take arrangement. The Business Plan and Intellectual Property Protection Developing a business from the scratch requires a lot of intellectual capital that ought to be protected.
One can buy a tricycle, preferably the brand called TVS Super which is stronger and more durable, at about N, Use figures where necessary. Such a person can actually wake up by 7am and be sure of not getting to work late.
The cost of this depends on the area where you live in the country.
The advent of e-commerce has also spiked the income of courier companies as online stores are introducing more enticing packages like same-day deliveries and money-back guarantees, and more, driving the number of orders they get even higher. But exactly how they want us to be part of it, we have not been told yet, so we are waiting to hear from them.
In this modern day, the existence of different kinds of vehicles has improved transportation and transportation business tremendously. Buy or rent your vehicles either or including cars, buses, trucks while constructing your garage.
In terms of technology, any plans to digitalise transportation? Tip Read and understand all local ordinances regarding where you can pick up fares. This could be via the use of a tipper for sand and rocky materials or via the use of a low-bed truck for the transportation of heavy equipment like bulldozers, excavators, and more.
We, on our own, have submitted a proposal to run the BRT from Abule Egba to Oshodi, and bring our own buses, which we are still waiting for approval on. I have to be careful here now; no, we have not been contacted by Lagos State, they are doing their own thing now. It is also good for the environment because the less vehicles on the road the better the environmental effect.
But why are investors not flocking to this very lucrative sector to make life easier for commuters? So it is a political decision that Lagos would have to make.
While ridesharing is gradually overshadowing traditional taxi services in many cities, taxis remain the norm in many other cities around the world. Perhaps you do not have the money to get two cars, One car is also good to kick off the business effectively.
Consider the following advantages to whet your appetite for the business: You could venture into spare part sales and place your stores in very busy mechanic villages. Buy communication equipment so you can communicate with your drivers. Alexa Rating How to get started on road transportation business using tricycle keke napep Owing to the ban on the use of commercial motor-cycles in many major cities of Nigeria in recent times, tricycle has gained popularity as a means of intra-city transport in several parts of the country.
Modify vehicles, as necessary. But to really get a handle of the public transportation in Lagos, you need it. It also helps to guide the managing of a business — the plan creates performance benchmark against which the running of the business can be compared.
The transportation is usually done to tank farms or transhipped into another vessel at the port of discharge. Experience has shown that most banker and investors are impressed when ideas are backed with figures.
Is the equipment complex and from where is it sourced?After many years of being a major means of public transportation for Lagosians, the yellow minibuses are set to pull the brakes – for good.
They are to disappear from major highways. Transportation is an essential aspect of human existence. Transportation business is a profit making business in Nigeria. It is so important to the extent that anyone who is being restricted to move, either by nature or conviction, is assumed to be among people having a disability in the world.
But of all the types of transport available in Nigeria, road transport is the most subscribed, as most people travel in automobiles from city to city and even within cities. Abrams () sees a business plan as a powerful document telling the story of your company, while Lambing & Kuehl () defined a business plan as a comprehensive document that helps an entrepreneur analyze the market and plan a business strategy.
Tri-cycle or keke-napep business, Taxi business, and Bus driving business are the most common types of transportation business in Nigeria. This is because Okada riding has met its end in many states in Nigeria and still fading away in more states (especially in big cities or state capitals).
The scope in the transport and logistics industry is varied – from a one-man show using a small truck to transport goods and offer services, to a fleet of transport vehicles which travel the length and breadth of South Africa’s roads.Download