An Uber business plan is key to starting a new, expansion of your current, or buying an existing Uber business.
Uber Technologies matches consumers looking for rides, food delivery, or shipping with people selling those services. Uber has seen steady adoption and growth in South Africa, and the number of drivers servicing riders across the country is constantly increasing. The business has taken off in South Africa despite the obstacles of regulatory battles and protests by metered taxi drivers.
Its food delivery platform, Uber Eats, has also expanded to new areas throughout the country. The local growth is in line with the growth seen on a global scale, and the company has seen the number of users constantly growing.
Core elements for a comprehensive Uber Business Plan include:
•Executive summary: This is an overview of your business and your plans. It is first in your plan and is one to two pages. It briefly states information about the company, the amount and need for funding and/or grants, and the product or service.
•Opportunity: This section answers these questions: What are you actually selling and how are you solving a problem (or “need”) for your market? Who is your target market and competition?
•Body: This section covers your marketing and sales plan, operational plan, milestones, and metrics for success.
•Company and management summary: This chapter describes your current team and future additions to it. This includes the management and team member roles. Provide a quick overview of your legal structure, location, and history if you are already operating.
•Financial plan: A financial forecast is a must in a business plan. DTC will articulate the contents of your financial plan.
•Financial projections: Documentation including the management account, income statement, balance sheet, cash flow, cash forecast, break even analysis, loan amortisation schedule and fixed asset schedule. Include ratios, graphs and calculations.
•Annexes: Statutory information such as management CV’s, quotations, credible references, and tax returns. This information is required by funders in an application (contact us for the complete list).
At Dream Team Capital…
We understand the complexities of the numerous criteria and requirements for a custom and accurate business plan. If using the plan to raise funding and/or non-repayable business grants, we provide guidance through the process and provide access to our wide network of funders. These include; venture capital companies, private equity companies, angel investors, banks, Government BBBEE initiatives, Silicon Cape investment organisations, rent to own asset funding companies, and crowd funds.
Contact us for more information and assistance with your Uber Business Plan.