In today's world, everyone wants to have a second income, and starting a business is a good option to have some extra money flow. With this objective in mind, many people in Gurgaon want to start the JCB backhoe loader renting business, and JCB on rent in Gurgaon is a popular business option. If you also want to start this JCB renting business, you need to do a good amount of research and should consider the following points.
Funds:
Before you start your
JCB renting business, you need to have a good bank balance. To buy any brand of
backhoe loader you need to have at least 5to 10 lakh rupees for the down
payment and other expenses like - RTO registration, RTO tax, insurance, etc.
Banks will fund 75% to 80% of the machine value if you are a first-time buyer.
Bank
installment:
Before starting any
business checking for the bank installment is very important. JCBrenting
business is awesome no exception. If your bank provides you 75% to 80%funding
for your business, then the EMI will be a minimum of 50,000 rupees. You need to
have a backup plan to pay the EMIs if your business does not go well.
Business
sourcing:
To start your business
with JCB backhoe loader you need to check the business sourcing options. There
are two types of JCB rental options available. One is a daily or hourly basis,
and the other is fixed. In the fixed option you have to deploy your machine
somewhere for more than a month. If this is your second venture, then try to
opt for a fixed rental option as a daily rental system will be difficult for
you to manage. Daily or hourly JCB rental business needs your full attention as
you should look after all the daily transactions and movements of the machine.
Technical
understanding:
If you want to enter the
JCB renting business, you need to have good technical knowledge. You need to
understand certain basic things, for example, the diesel consumption, hydraulic
oil consumption, type of filter or axle used in the machine, the transmission
system of the machine, etc.
Skilled driver: