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Ede 11
Ede 11
2. Product/Service Description:
The electric scooter sharing service offers a fleet of electric scooters stationed at various
locations throughout the target cities. Users can locate and unlock scooters using a mobile
app, pay for usage on a per-minute basis, and return the scooters to designated drop-off
points.
3. Financial Analysis:
Market Demand and Potential Revenue
Investment and Startup Costs
Operating Expenses
Revenue Projections
Profitability and Break-Even Analysis
Risk Assessment
4. Conclusion:
The financial feasibility analysis indicates that establishing an electric scooter sharing
service presents both opportunities and challenges. While there is significant market
demand for convenient and sustainable transportation options, success hinges on
effectively managing startup costs, optimizing revenue streams, and mitigating operational
risks. Thorough market research, strategic planning, and prudent financial management are
essential to ensure long-term profitability and viability of the business venture.
5. Recommendations:
Conduct comprehensive market research and pilot testing to validate demand and revenue
projections.
Develop strategic partnerships with local governments, transportation authorities, and
private sector stakeholders to navigate regulatory challenges and secure support for service
expansion.
Implement robust risk management strategies to address potential market, regulatory, and
technological risks.
Continuously monitor financial performance and adjust business strategies as needed to
adapt to changing market conditions and maximize profitability.