Question
1. Add a Facebook/Google+ page to bring the replacement market on one place
2. Set-up the webpage wherein sellers can post ads about their motorcycles and buyers can see the ads and comment. The webpage only facilitates the exchange
3. Identify a suitable financier to finance the motorcycle(there is no player currently in the market who finances pre-owned motorcycle)
4. Identify a service provider who will service the motorcycle. AMC and spare/servicing. Should have the ability to scale
5. Tie-up with Motor Insurance Company
6. Structure Operating Leases to potential customers on pre-owned bikes. Residuals will held by my company while the credit risk on the customer is on the financier's books.
7. Approach an investor to buy residuals once my savings run out.
8. Reveue streams- Commission on AMC, Insurance and Spares. Upside on selling price of End of Lease motorcycles
9. other revenue models could be- rentals, touring, on-road assistance, etc
Thats pretty much the business plan i have. Can you please help me put the above pieces in the order that i should approach? Appreciate your advice and any other guidance
Answer
You should also have some previous experience in the finance industry, which will help you make smarter business decisions. If you think starting a finance company is right for you, form a corporation or Limited Liability Company and register your business.
You can read more here: https://www.wikihow.com/Start-a-Finance-Company
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
