Subject: Expand Your Business - FREE Information!
Hello to everyone within the Million Dollar Transportation Community!
As always, I hope that this message finds you all doing well and that
business is booming!
One thing that I absolutely enjoy about helping others to learn, grow,
and prosper in the NEMT business is that I have the opportunity to
meet and work with a wide variety of people with various
backgrounds and experiences.
One thing I’m often asked from entrepreneurs with existing
businesses in other industries is if investing in a Non-Emergency
Transportation Business will conflict with their other business.
And in speaking from experience, both personally and in working with
entrepreneurs over the last decade, I have yet to encounter a scenario
in which investing in a NEMT business has proven to be a conflict or
detrimental to their other business.
In fact, in my opinion, one of the greatest opportunities about owning a
NEMT business is the versatility it affords.
Let me be more specific by offering what I believe are two important
and positive aspects of owning and investing in a NEMT business:
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FIRST
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A limo business has a very focused niche market. Your clients are
typically high-end clients and/or corporate clients.
Further, your business can become quite seasonal with peak
seasons being in the summer months with weddings and proms and
down seasons being the fall and winter.
According to Howard Berkowitz from Tropical Transportation who
also owns a limo business, the limo industry as a whole has been
disastrous over the last several years and is continuing to worsen.
I trust that Howard might be right when you consider a down economy
that’s experiencing company layoffs, corporate cut backs, and high
unemployment.
Similarly, a taxi service is highly targeted yet can also be very limited.
First, if you live in or around a large metro area like NYC, Miami, LA,
etc., etc., your ability to penetrate the taxi industry is next to
impossible due to over regulation and union blockage.
However, if you live in a more rural or average size community where
starting a taxi service is more feasible your niche market is typically
going to be geared towards low income clients who can’t afford a car.
And again, your vehicle, a taxi, does NOT give you a great deal of
versatility when it comes to generating revenue. You pretty much
transport one type of clientele exclusively.
Conversely, with a NEMT business you have the ability to transport
a wide variety of clients as well as you have a great deal of diverse
money-making opportunities!
First, you have the ability to transport wheelchair-bound clients,
patients in need of a stretcher, as well as ambulatory clients.
But more so, with your NEMT business you have the ability to build a
very unique fleet of vehicles that gives you great diversification.
I encourage you to read “A New Opportunity for Additional Revenue”
to learn how my company was able to leverage our diversity to start
serving as an airport shuttle service, contracting with local
businesses and hotels to transport “professional” clients, as well as
contracted with out local state university.
Also, make sure you read my “Shock Report – Strategies to Help
You Remain Profitable in a Troubled Economy.” On page 7, under
“Think Outside the Box,” you’re going to learn how my company was
generating a LOT of cash during off-peak hours.
If you’re not familiar with these two resources, “A New Opportunity
for Additional Revenue” and my “Shock Report,” they’re FREE and
accompany my ebook, “How to Build a Million Dollar Medical
Transportation Company.”
So make sure you read these two FREE resources. Especially in a
troubled economy, the strategies that I discuss will help give you
ideas and will illustrate the diversity and flexibility your NEMT business
can provide.
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SECOND
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There are a lot of entrepreneurs already in the limo and taxi business
that expand into NEMT business. And that’s a GREAT fit – a great
transition. They’re already in the transportation industry so they
already have an understanding of managing vehicles, drivers,
dispatchers, and more.
But what might surprise you is what other types of entrepreneurs
invests and expands into the NEMT industry.
One of the biggest surprises is doctors! Even I have been amazed at
how many doctors are investing in NEMT services to further help and
grow their medical practices. What starts out as a type of out-reach
program to further entice patients to come to their clinics/offices
grows into their own separate thriving business ventures!
Another surprise that most probably wouldn’t think of yet very much
has applicability is a maintenance shop. I recently worked with two
brothers that own a successful auto/maintenance service that invest
in NEMT.
They saw the money-making opportunity in leveraging the medical
industry and growing elderly population. They’re also licensed car
dealers so they have the ability to get great deals on vehicles at
auctions as well as they already have their own garage, full scale
service shop and facilities, as well as plenty of parking and more.
So for them, this has been a great fit. Both are involved in the
business, but on a daily basis one manages the NEMT business
and the other manages the maintenance shop.
One of the most common expansions into the NEMT industry is of
in-home health care services. Such services typically already have
existing clientele in need of medical transportation so it’s an easy
and logical transition.
Over the years I’ve worked with a number of in-home health care
professionals that are able to leverage their experience and
credibility to cross promote both their health care service as well as
their NEMT business. Because of the synergy between these two
services, they typically experience complimentary growth in both
businesses!
I could go on and on with a list of entrepreneurs with a wide variety
of experience and diverse backgrounds. But ultimately, my point is
that with a NEMT business you have a great deal of diverse
opportunity. You’re NOT limited!
Especially in poor economic conditions, we as entrepreneurs need
to remain focused on efficiency, yet diverse enough to maximize
profitable opportunities. We need to be able to see and identify new
opportunities and flexible enough to move expeditiously to take
advantage.
If you’ve only thought about becoming an entrepreneur but haven’t
yet taken action, for whatever reason, I encourage you to email me
at jdavis@milliondollartransportation.com and when you do I’ll send
you some FREE information.
In the subject line of your email, please type “Interested Entrepreneur”
and I’ll make sure that you get FREE info that I’m confident will help
spur your creativity and help you to start thinking “outside the box!”
See you at the Top!
Joel E. Davis
There are those who make things happen, those who watch things
happen, and those who do nothing and say “what the heck just
happened?!” Be a person of action and take action!
www.milliondollartransportation.com
www.mdtseminar.com