Bike Rental
Key Partners
Potentially partner with a local bike shop for the maintenanceWe could create a joint-venture where bikes can be sold rather than just rented. |
Key Activities
First, we would have to set up a store and buy/order the bikes. Then, we would have to set it up and hire employees. After that, we could advertise in the local newspaper and put flyers up around town saying when we are going to open, the price, and the times the store is open. |
Value Proposition
If our customers have any problems with our system or the bikes we will fix them. There will always be someone at the store so if customers have any questions or problems someone will be there to solve it. |
Customer Relationships
We will make sure that the customers is comfortable about asking us questions they have and we want it to be a friendly enviroment. |
Customer Segments
Target customers: individuals who need access to transportationEvaluate the need of customers |
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Key Resources
Employ those who have knowledge of bikes, and those who are good at financialsCreate an Intellectual level that includes logos/brandname |
Channels
We plan on providing a post-rental support to resolve any problem with the rental experienceAdvertisements to raise awareness of our company's services |
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Cost Structure
We would charge our customers for the amount of time they use the bike. So, 5 dollars for every hour they use the bike.Evaluate all possible expenses using several types of analyses (ROI, SWOT, Break-even, etc.) |
Revenue Streams
Our customers would most likely be younger people and kids will ride their bikes most of the day so, if we charge each person 5 dollars an hour then we would be making close to 30-35 dollars per person. |
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