The Coronavirus pandemic and resulting lockdown hit many industries hard and taxi businesses have felt the brunt of the pandemic. Thankfully, there are lots of things you can do to save a little bit of money here and there, both at home and when it comes to your business.
It isn’t just the digital revolution of Uber and other disruptive ride-hailing and on-demand taxi apps that have had a huge impact on the industry. Diversity has been a hot topic for most businesses and organisations in recent years, and rightly so.
Whether you’re just setting up or looking to expand, it’s important to get a realistic idea of demand for your services. How well is demand already served and how well do you know your target markets?
If you enjoy meeting people and are happy to be behind the wheel for long periods, being a self-employed taxi driver might just be the life for you. But if you’re a bit nervous about taking the plunge then read on to find out all you need to know about starting out – from finding taxi insurance to keeping the business running smoothly.
The profitability of your taxi business is based on your income minus overheads. Keeping those regular bills like taxi insurance to a minimum means you get to keep more of your hard-earned cash.
Every taxi driver has their fair share of idle time, waiting for the next fare to come along. But are you making the most of those quiet moments?