According to recent projections by Goldman Sachs, an American financial service firm and multinational investment bank, the commercial drones market will hit $13 billion by 2020. which makes now the idea time to launch your done business. However, like any other business out there, starting a drone business can be intimidating. As a guide, here is a quick overview on starting a drone operator training business.
Why Drone Business Is Lucrative
If Goldman Sachs projection is anything to go by, then there is no doubt that the drone operation training business remains viable now and in the future. From builders striving to manage their projects better to insurers determined to accelerate their respective claims processes, there is a wide array of industries that require aerial intelligence, thus making commercial drone services highly lucrative.
Hurdles That You Are Likely To Face While Starting
• Getting The Right Hardware Configuration: Finding the right applications for flying drones isn’t a walk in the park. It entails selecting the right hardware configuration, which can be complicated especially for investors who aren’t versed with drone hardware.
• Procuring Software: Procuring the right flight planning and mapping software to automate drone flights can be the most complicated part of launching a drone business. First, there are countless software providers to pick your software from. Secondly, it is difficult to get software that perfectly suits your drone business.
• Huge Startup Costs: When starting a business, there can be huge startup costs involved. For instance, you will need to invest in drones and drone accessories. Other startup costs include software licenses, drone insurance, and other marketing-related costs.
Potential Solutions/ Strategies You Can Leverage
• Set a budget: To plan on how to meet the necessary startup costs, start by setting a budget. Consider your business goals while setting a budget, and also take into account the size of the drone business you intend to start. The Bigger the size, the bigger the budget you should set aside.
• Get Proper Certifications and Insurance: To protect your drone training business from any operational risks, obtain proper certifications and insurance. Don’t forget to check the specific government certifications you are required to have before launching your business.
• Define Your Services In Advance: Drone technology has multiple applications that span across multiple industries. Decide on your target industries before starting your business. Some of the suitable industries to target include energy, agriculture, and insurance.
Starting a drone operator training business can be a lucrative business idea for anyone capable of starting one. If you want to launch your drone business, make proper arrangements to ensure the hurdles you encounter along the way don’t hinder you from launching your business.
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