Business Plan For A Car Service With An Employee Base Of...

Introduction Bradley Stonefield you have indicated that you are looking to open a small business in Austin, TX. The industry you would like to break into is the limousine service with an employee base of approximately twenty-five persons for your first year. We have put together a business plan that includes a market evaluation of compensation, a compensation structure, a market position, a performance incentive pay, compensation / benefits strategy, and the laws that will be relative to benefits and pay for your company. These suggestions will help you get started in business venture and help you get you started for success. Market Evaluation of Compensation The Austin, Texas area limousine drivers earn an average hourly rate of $11.80 per hour starting out with overtime at the rate of time plus half. During the first several years on the job limousine drivers should expect about an eight to ten percent increase in pay based on performance. It is recommended to have a yearly increase based on individual performance and profitability of the company not necessarily that wage increase per year must be a minimum of eight percent. Although pay increases steadily for the first twenty years in this service, it begins to decline dramatically after twenty. The more experience the driver has the higher the starting hourly rate should be with a top out pay of $20.00 per hour. As a part of the compensation drivers should earn an average of about $5.00 per hour in the form ofShow MoreRelatedCar Wash Business Plan9082 Words   |  37 PagesThe Dirt Buster was designed by entrepreneurs wishing to provide a high q uality car wash service in a virtually untapped market. 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