As a business owner, you know that following a strict budget is key for success, especially while you're still establishing yourself. But between supplying a fleet, taking care of maintenance costs and fueling your limos, the bills are going to add up fast. So how can you cut back while improving your monthly revenue? It's simple – just follow these tips:
1. Cut your fleet size
Consider the current size of your fleet. Do you use all of your limousines on a regular basis? Do you need more than a few to fulfill business? If not, Noobpreneur.com suggested cutting a few from your roster. That'll save you about $5,000 per vehicle! Not to mention the money you'll make by selling it.
2. Encourage fuel efficiency
Fuel might not be as costly as it was in the past, but it's still an expense you can't exactly avoid. To make sure you're getting the most bang for your buck, encourage your drivers to be more conscious about fuel efficiency. Driving the speed limit, getting the limos serviced regularly and adding minimal weight to the cabin can ensure an improvement in your fleet's fuel economy, according to American Limousine Sales.
3. Keep up with maintenance services
When you neglect to maintenance your vehicles on a regular basis, they're more likely to breakdown and cost a fortune to restore. Make sure you're taking the limos in for oil changes, tire rotations, belt replacements and other necessary services. Consult your mechanic for a proper fleet maintenance service schedule.
4. Educate your drivers to make wise decisions
Your drivers are going to make a lot of decisions while they're on the road. To prepare them, you need to train each chauffeur properly. Transportation management consultant Andy Ahern told Truckinginfo.com that educating your drivers will help them make thousands of decisions that affect variable costs on a daily basis.
"Think of them as general manager or president of their own business, then think about the tools and training you need to provide them," he said.
Set high standards and goals for your employees so you can rest assured knowing they're respecting your budget, but more importantly, your company as a whole.
5. Start using limo software
Growing your revenue should be just as important as cutting costs for your limo business. If those are both your top priorities, then it's time to consider using Limo Anywhere. For a low monthly cost, we can help you take your business to the next level. With the software, you can connect with your passengers via mobile app and communicate with drivers while they're on the road.
You can streamline your entire business by managing your scheduling, dispatch and booking, all in one place. Furthermore, you'll build your global network without putting a dent in your budget. Save money and grow your business by choosing the preferred software of over 4,000 livery services: Limo Anywhere.