As you would do with any business the first thing you need to determine is if there is a market for your services in the area where you would be running your Limo Hire business. If the area is already flooded with these services then you need to think carefully about this. Unless you feel that you could offer something far better than the limo services that are currently established in your area this type of business may not be a good choice for you. Unless of course you are prepared to work outside of your area.
Do your Homework
First, check out how many limo services you would be up against as your competition. You may actually want to try the services of some of them. Then once you do determine what their weaknesses are and determine if you could address these with your own limo services.
Perhaps they are restrictive in where they will travel to. If this is the case could you go beyond these boundaries if you were offering this service?
Is there an opportunity for you to expand on the market that would use your limo services. For example, are there several big businesses in the area that would need your type of service that you could cater to? Are there thriving residential areas where you could cater to the wedding and special events clientele?
You need to really do your homework and study your area for all the potential different target markets that would be beneficial in building your business.
Prepare Yourself for Hard Work
Driving clients around in your Limo is only part of the tasks that you will be expected to perform in the Limo business. You are going to have to dedicate time to promoting it which means you have to learn about all the different types of marketing resources that are available to you, then learn how to use them.
You will have other administrative business tasks to take care of just like there is for any business person.