superspeedersrob: How to start an exotic rental company

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kevm14
Posts: 16024
Joined: Wed Oct 23, 2013 10:28 pm

superspeedersrob: How to start an exotic rental company

Post by kevm14 »

kevm14
Posts: 16024
Joined: Wed Oct 23, 2013 10:28 pm

Re: superspeedersrob: How to start an exotic rental company

Post by kevm14 »

$40-50k in insurance per car per year when he started up.

Also he said it took 2 years to really make a profit and that was only $25k. Which means he worked his ass off for 2 years for an annual salary of $12,500.

Have a business plan.

Make sure you have a market (available stream of customers).

He spends $100-200k a year in marketing.

Everything he is saying is text book from the business course I took in my SE Masters program.

Punch line at the end is the real lesson.
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