6 Steps How To Start A Taxi Business

(doylc.com) How to Start a Taxi Company - If you enjoy driving and working with people, knowing how to start a taxi business might be something you want to do. Although starting a taxi business can require a relatively large investment, the returns can add up quickly and many taxi companies expand within their first year. Starting a taxi company requires good managerial skills, a smart marketing plan and compliance with all local laws. Therefore, read the steps below to learn how to start a taxi business.

• Is that good business for the region?

Check if there is a need for a taxi company in your area. In smaller cities, the demand for taxis is usually not that high, so considering another location for starting a taxi business can be a good choice.

• How to development of taxi company

Identify your niche. Although most taxi companies cater to all types of customers, there are also those that cater to high-end clientele such as politicians, diplomats and executives. Other taxi companies offer adapted vehicles for people with disabilities, while still others offer green taxis for environmentally conscious customers.

Create a solid business plan that includes your start-up costs, management strategy, marketing plan, and expansion plan. Have it checked by an accountant for more advice.

Apply for a loan from your bank or get financing from private investors to raise the capital you need to start a taxi business.

Apply for a commercial driver’s license at your local DMV.

Register your taxi company with your city to get your business license. Also apply for an Employer Identification Number or EIN if you plan to hire other drivers.

• How to assemble fleet

Buy at least one vehicle that has been converted for use as a taxi. Buy taximeters and top light signs.

Register your vehicle or vehicles with the DMV. Unless they are licensed for commercial use, you may not use them as taxis.

• How to develop business location

Choose a location for your taxi company. Ensure there is easy access to all major routes in your area and ample parking to safely park all your vehicles.

Take out property, comprehensive and liability insurance for your taxi company. Insurance protects your business in the event of damage, theft, accidents or lawsuits.

Use GPS tracking software to help central site keep track of taxis. The GPS should be up to date, e.g. Waze.

• How to advertisement for taxi company

Advertise your taxi company on flyers, in local publications and on the internet. Add your taxi company to tourist websites and other information sites.

Print business cards to give to customers after the ride.

Consider customer loyalty programs. For example, you could issue keychain loyalty cards that customers simply scan and their data is stored.

Group discounts and special member discounts are another way to promote your business.

Set up social media accounts. For example Facebook and Twitter. Share updates and information regularly. Reward customers for sharing information, liking your business, or entering contests your business runs.

Use the taxis to generate revenue by offering parking spaces for promotional purposes. You can also use special advertising such. B. "Company of the month" into account.

• How to hire staff

Interview and hire drivers. Hire people who are dependable, courteous and have a commercial driver's license.

Provide uniforms for staff. This helps ensure that your taxi services are from a distinctive and reputable company. It can be as simple as a white shirt with blue or black pants.

Set rules for employees. Rules of conduct, using the taxis and dealing with customers are important, as is ensuring financial accountability. Rules could include:

Be drug and alcohol free when driving, be sober and show up for work or not work that day. You can install a breathalyzer in every taxi.

Keep cars clean inside and out. Decide where the responsibility should lie.

Uniforms must be in good condition, drivers must be well-groomed.

Have good employment practices in place. For example, dealing with tips, minimum wage and social benefits, etc.