Bike sharing programs
For the last decades, bike sharing program have primarily evolved in the cities as a means to make bicycles readily available for many people. Many cities and urban areas have offered and implemented bike sharing program which has been considered to be the most demanded service in the cities. The following are some of the reasons why cities should offer a bike sharing service.
Many spontaneous and planned trips in the cities can be made possible by a shared bike service. This is usually considered as an ideal complement to numerous trips as it provides both first and last mile connections.
Bike sharing program can help in reducing the transportation cost of a person in the city as it offers an affordable transport cost in public. Normally, bike sharing offers the first 30 to 60 minutes of every ride in the city free of charge (Anderson, 2015). With this, it encourages the high turnover of the bikes and increases the chances that in every station, there will be more bicycles that can meet the prevailing market demand.
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Bike sharing program also offer economic, environmental, social and even health benefits. Implementing bike sharing program in the city will help in reducing car carbon related emissions for the last mile trips. The program has also been providing detailed tracking of the health benefits such the calories burned (Peters, Adam & Nora, 2013). A wide variety of economic advantages such as urban redevelopment and tourism can also been supported by the bike share initiative. For instance, the Capital Bikeshare has responded to the demand of the system by making stations around the hotels and the Mall hence providing additional transportation options to both tourists and residents.
Finally, by installing the bike sharing program in the cities, jurisdiction can greatly benefit from the low operational and implementation costs as business can be open in moths rather than years.Entreneurship is identifying a problem and coming up with a profitable, sustainable solution of solving the problem. Entrepreneurship involves identifying market gaps such as: poor quality goods, insufficient goods, lack of goods, expensive goods and lack of services. After identification the entrepreneur comes up with a new way of doing things. He must write a business plan which entails capital required by the business, business location, business structure among other things. Good business plans together with proposal can be used to source funds from monetary institutions required by the business.
The entrepreneur then obtains necessary documents that legalize the operation of business. In Kenya, entrepreneurs face many challenges majorly on finances and registration. The government has come up with many frame work to assist in the same which has only been of small benefit. Upton now we all agree that the government’s main role is to provide a conducive environment where business is done but not to create jobs. I mean the government should completely get out of the way and leave businesses to compete fairly without regulations.
Part of the government ensuring a conducive environment should be removing unnecessary long bureaucracies, of obtaining licenses, lowering or completely removing high registration fees, removing laws that may restrict operation hours of businesses and lowering or completely removing taxes and making it easy for businesses to access finances for example by lowering bank rates.