Bangalore City to “Cycle City”
Most precious gift we can give to our next generation is healthy, pollution free environment but after seeing current temperature rise in India forget abt future generation think about current generation, life is becoming difficult – no rain, everywhere water problem, pollution, traffic etc etc… The main reason for this global warming is WE people – cutting trees, construction of concrete buildings, more number of vehicles on road…No body can go against – Air, Water & Fire we have to respect the nature.
I’m planning to start “Bicycle rental Service” in Bangalore to IT professionals, Instead of cab/bike/car/bus they can use our bicycle service to commute to office & for every 10 or 15 km our service centers will be there where people can pick/drop cycles. Benefits – traffic reduction, pollution control, physical exercises – burn calories & reduce weight most important environment friendly service (save earth, save water)
Idea is still in nascent stage if anybody is interested can join us – together will try to give new name to our Bangalore City as “CYCLE CITY” along with Garden City/IT City/Green City/Silicon City.. Forum is open to accept positive/negative comments ha if possible plz advices also from all of you, so feel free plz start commenting …. thank u for ur patience & time to read this post..:)
I am from chandigarh and have a small business of wholesale retail. One of a known person to me started the same business in Chandigarh but there were many problems:
1- It was hard to convince people to use bicycle over car/bike. Demand was very low.
2- Hard to breakeven (due to low cost and less rentals)
one time charge= 30/- for a day
Monthly rental= 800/-
If you start with 20 cycles (minm), one costs 4000. your investment in cycle only is 80,000 and then overhead cost, operational cost, employees. If you plan to take it online then website making and maitaining cost. At least 3-4 lakhs of initial investment. How much demand you need to generate to break even in say 6 months.
Please check “demand” in your area. Thats very crucial for this business plan. Reach out to every body you know, dont know, on the street, vicinity, neighbourhood. Ask them if they can would like to go by bicycle to their office?
Its a big revolution (to make every use bicycle to commute). If you succeed in making it “CYCLE CITY” then everybody will buy their own (why would he take on rent from you). If you cant then you have already failed.
Rohit, nice answer.
Santosh, brother, these were the exact two points that came to my mind while I was reading your post.
Demand and Scale
Though you may find out solution to this problem in an innovative ways, that’s what startups are suppose to do.
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