Aug 7

Commercial Vehicle

Are school bus businesses a viable proposition for entrepreneurs?

Thinking of venturing into the school bus business? You can actually make a success of it provided you have the grit and the mettle to outlast the underlying obstacles. Many entrepreneurs often hold their horses owing to perennial concerns about the viability of investing in such projects. In recent times, the high increases in fuel and service costs have forced many operators off the road and this is indeed a cause for worry. However, with the right strategies and maintenance plans, you can turn this into a lucrative, long-term affair.

Owners of school buses are well advised to engage target markets in multiple ways. This mainly includes annual contracts with schools, colleges and educational institutions for a specified fee. However, bus owners can also look at engaging with families and other customers in areas that are far flung and cut off from the mainstream. This is mainly done on a fee based model. The first challenge for entrepreneurs pertains to obtaining affordable yet reliable buses for the business. A startup cannot afford to waste money and this is where entrepreneurial and negotiation skills play a huge part in saving money without compromising on quality and safety.

You can often look for used school buses which often require minor repairs to be really road worthy. Leasing out a bus fleet helps secure vehicles and pay EMIs for loans taken for the same. This is often a great option for those unable to source financing for a direct purchase upfront. Choosing the right drivers and helpers is another important activity. This necessitates conducting background checks, complying with guidelines and of course, proper training in first aid and behavioral conduct with children. Always go for drivers and staff with proper experience in transportation of children instead of those with no references. This ensures a little more security initially.

There are multiple safety and security guidelines that you have to follow and learn about especially with regard to getting your vehicles registered and licensed. Alongside, you will also have to work out a maintenance plan that is periodic and does not eat into your pockets at the same time. You should always have sound knowledge of your competitors and should look to offer something unique that sets you apart from the same.

You will be able to get loads of advice from seasoned campaigners in the school bus business and this will help you a lot with regard to managing and running your outfit successfully. The key thing to believe in is your own passion and hard work!

Are school bus businesses a viable proposition for entrepreneurs?

You may like

View Compare ()