3 General Business-Building Principles That You Can Use For Success

Starting a luxury car rental business is one of the most profitable business ventures when set up correctly.

There is no defined path for opening an exotic car rental business. Every path is different, however, each business is started with demand in the local market.

In this article I will share 3 General Business-Building Principals that you can use for you success based on my discussion with luxury rental business owners Jack and Gary Vartanyan.

Located in the Heart of Los Angeles on Ventura Blvd, VEM Exotic Rentals, provides its international and local clientele with the pleasure of driving the world’s latest high-end luxury and exotic vehicles.

Many drivers want the experience of driving luxury vehicles without having to spend big money to purchase the car. In addition, most luxury vehicles depreciate over time so unless you are a car enthusiast with cash to burn, renting luxury vehicles is the way to go.

Multi-platinum recording artist DaBaby w/ VEM Exotic Lamborghini

Celebrities and wealthy people are waking up to the benefits of renting luxury cars because you save money and have the benefit of swapping out vehicles over and over again.

VEM Exotic Rentals offers a wide range of business cars, premium cars, economic cars, and luxury cars with brands like Bentley, Rolls Royce, Lamborghini, Mercedes, Maserati, Ferrari, & Aston Martin.

VEM combines expertise and concierge-like service to meet the demands and needs of corporate and individual clients — making luxury car services easily accessible to anyone and everyone.

Here are the 3 Business Building Principles they credit for their success:

1. Hire the right employees

• It’s so important to hire a great team. You cannot accomplish great things alone. In order to attract the right people you must provide a positive work environment in addition to a compelling company culture. VEM is very family oriented because Jack and Gary are brothers. They bring this type of family energy into their business.

2. Invest in people that share your beliefs

• Recognize when people take an above average interest or stake in what you are doing. Be open to collaboration and strategic partnerships. If you want to expand you must spend time & energy into building relationships with people who share similar goals as you do.

3. Work with celebrities.

• Influencer marketing establishes authority and credibility within the market, especially if you are providing a luxury service or product.

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Find ways that you can implement these 3 Business-Building Principles for your success — No matter the industry that you are in.