An entrepreneur that recognised the business potential of importing and refurbishing Tuk-Tuks has helped more than 15 micro businesses since its launch just twelve months ago.
Thanks to AD:VENTURE, which provides businesses with the practical help, support and opportunity to reach their potential within the three years of trading, Wakefield-based Ajay Sharma kick-started Rickshaw Revival.
To date 30 Tuk-Tuks have been imported from India, converted and sold. Innovative and often quirky, they are now being used for mobile marketing and as a cost-effective platform for food, drink or retail businesses.
Ajay Sharma, managing director at Rickshaw Revival, comments: “No matter how exciting your product is or how innovative the opportunity you sometimes need a helping hand. AD:VENTURE instilled confidence and motivated me to pursue my new business opportunity, this got me started and I have never looked back!”
“Through practical support AD:VENTURE helped me to better understand and meet with the regulations I needed to get my business idea moving and to develop my supply chain.
“This got my Tuk-Tuks noticed in the right circles and showcased their potential to brands and entrepreneurs.”
“From the highlands of Scotland to the south coast, our conversions are distributed nationally; they deliver goods, sell Prosecco, Peroni, coffee and a whole host of products at events and venues throughout the UK.
“We are recognised for customer service, quality and cost competitiveness and for helping to kick-start businesses in a cost-effective, competitive way.
“We’re now looking forward to attending catering exhibitions and also to realising our ambition of establishing UK wide franchises.”
Supported by a dedicated advisor from AD:VENTURE, Ajay received practical help and support.
Cllr Denise Jeffery, Cabinet Member for Economic Growth and Regeneration at Wakefield Council, said: “Small and medium sized businesses play an important role in helping the local economy.
“They also support our aspiration for greater growth and prosperity for our district.”
In the first year a mixture of 30 conversions and traded Tuk-Tuks were marketed. Today one full-time member of the team is employed and the business looks set to double its commissions throughout 2018 and again in 2019.
Turnover is substantial with one local engineering firm benefitting from a constant supply of business, and another one developing.
Recognising that start-ups and smaller enterprises need guidance, AD:VENTURE provides practical support through a network of dedicated Advisors.
As well as providing guidance, AD:VENTURE Business Advisors can also provide access to dedicated funded support, a schedule of master classes, workshops and events that focus on a range of essential areas such as marketing, branding, market research and financial forecasting that applicants may want to attend in order to strengthen their applications.
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