BUSINESS IDEA IN CYCLE RICKSHAW INDUSTRY....

Here i come with a new business idea..
 Have you ever thought while going sumwhr, if in case u dnt get a car or bike at the time of leaving then its a havoc condition present thr.. no matter how many vehicles v buy but the indian transport z still very much dependent on Auto rickshaw & CYCLE RICKSHAWS. Every damn place of dis country z full of Rickshaw pullers. People were lil worried about the new version of MOTOR CYCLE RICKSHAW that has newly entered into market. Yesterday while i was returning from my work place i saw a MOTOR Cycle rickshaw puller he was surrounded with passengers but none of dem sat on it, I dnt knw d reasons behind dis might b posbl dat fare of Motor rickshaw b higher thn d older ones. And we indians r clever we never pay more for anything even if its worth of it.
So my basic idea behind dis all stats n research are y shdnt we use dis fasclty as a business.. I'm tlkng abt very old business might be posbl dat mny of us wont give a damn abt dis idea by thnkng its a lil low kinda thng but business minded pupl cn mk out money wid it n wid not much of investment....
go 4 Cycle Rickshaw industry, thrs a minimal investment if u have a place or land dat can b turned 2  a rickshaw garage...


Dsnt dis sounds intrstng... 
Our govt are mkng many efforts thru mny official organisation where there is loan schemes for rickshaw pullers.. Majority of rickshaw pullers are poor migrants and lack the necessary funds to buy a rickshaw. “Currently,  nearly 95 percent (approx) of the cycle rickshaw operators hire the rickshaw on a rental basis from fleet owners..






Go thru these STATS:


COST OF A RICKSHAW:  6500 - 8500 /- *
RENTING COST OF A RICKSHAW: 25-40 /- ** 


* The cost varies from cities to cities, like rickshaws in Delhi/NCR & UP are used 4 carrying less passengers and are more metallic than d rickshaws running in Jharkhand/Bihar as they are woody and meant for loading high weight.


** The daily rental from fleet owners or rickshaw's garage owners is based on condition of vehicle and the cities too... The daily Rental in Jharkhand & Bihar is btwn 25-30 Rs. Whereas the one running in Delhi and metros are around 25-40 Rs. In both the cases the avg rent in inclusive of the maintenance cost.


INCOME OF A RICKSHAW PULLER PER DAY IN SMALL CITIES:  150 Rs
INCOME OF A RICKSHAW PULLER PER DAY IN Delhi/NCR and other metros: 150-250 Rs




PROFIT MADE BY 1 RICKSHAW IN 1 DAY: 18-20 Rs.
PAY BACK PERIOD OF 1 RICKSHAW :   for ex - lets tk d cost of rckshw b/w 6.5k to 8k, i.e 7k = 7000 Rs

                                                                                   - lets tk the profit b/w 18-20 Rs, i.e = 19 Rs.

                                                                                     Pay Back period will be: 7000/19 = 368 Days.

Based on these figures, the payback period of a rickshaw without calculating the interest is approximately 1 year. Besides this cost, another major cost head is that of licensing. As per the law, all cycle rickshaws should have licenses. Moreover, in some cities it is mandatory for even pullers to have licenses. For Delhi every puller should have rickshaw license n pulling license both.

For a fleet owner, the cycle rickshaw business is basically a size game, more the number of rickshaws more d profit u can think about. And i bet after you open  your own garage u wont have to think about the rickshaw pullers u'll get them in mass.

Issues related 2 naming ur firm/company/services.... big shot 2 start a business...

Here comes a great issue when u thinking of starting a new business, what should be done with d naming part.

The most suitable and elegant naming can make your business as a hot pick. The unsuitable name can also harms d reputation of your business but also leads to obscurity and failure. Best way to name is that will explain your product and easy 2 understand by customer's point of view.

Some believe that coined names (that come from made-up words) are more memorable than names that use real words. Others think they're forgettable.

In reality, any name can be effective if it's backed by the appropriate marketing strategy. Here's what you'll need to consider in order to give your small business the most appropriate and effective name.

Coming up with a good business name can be a complicated process. You might consider consulting an expert, especially if you're in a field in which your company name may influence the success of your business. Naming firms have elaborate systems for creating new names and they know their way around the trademark laws. They can advise you against bad name choices and explain why others are good.

The downside is cost. A professional naming firm may charge a lot to develop a name. That generally includes other identity work and graphic design as part of the package, according to Laurel Sutton, a principal with Catchword Brand Name Development. Naming services that charge as little also do exist, but spending a reasonable amount of money early for quality expert advice can save you money in the long term.

Naming a business is truly important, but do research all the trademarks and copyrights possibly associated with that name before you make the final decision.

Go.... TURN UR POTENTIALS IN2 REALITY

Being an ENTREPRENEUR z not that difficult....!!!

AUCTIONEER
Have fun and make lots of money by starting and operating an auction service. The first thing you have to know about becoming an auctioneer is that training is required, and each state and province has its own criteria for auctioneer licensing. However, with that said, there are dozens of auctioneer schools across the United States and Canada. Contact the associations listed below to inquire about auctioneer training in your area. Auctioneers are more than just fast talkers; they are also expert marketers who have an excellent knowledge of the products they sell, the demand for these products, and the target audience of buyers. They must be knowledgeable about this audience, because without buyers in attendance it does not matter what's up for auction. That is why most auctioneers specialize in one or two types of goods, such as real estate, heavy equipment, antiques, automobiles or general goods. Starting an auction service also requires relatively deep pockets unless you contract your auctioning services to other auctioneers. It is a costly business to establish because you have to pay for everything upfront to advertise, promote, set up and run the auction before you receive your commissions, which are based on the total value of the goods sold at auction.

SHARE UR DREAM WID D TRUSTWORTHY PEOPLE OF URS N FULFILL IT... achievements counts..!!!

Source: www.entrepreneur.com