A Guide to Start a Taxi Cab Company



Often, the best types of businesses let you begin small and then scale the business, and this is very true of operating a taxicab service. Whether you intend to drive for a ride-sharing service, utilizing your own vehicle or a rental, or you plan to launch a taxi business of your own, it's important to understand what you should expect.

It's important that you have a high-quality vehicle, a good attitude, and the ability to work the long hours that will be required as you get your business started.

Starting as a Ride-Share Driver

In the past, there was only one way to operate a cab company. However, ride-sharing services such as Lyft and Uber have changed the market entirely, making it easy to earn money by shuttling individual customers from place to place, without the need to start your own taxicab stand. The best thing about working as a driver for these companies is that you work for yourself without the need to pay start-up costs. You will find, however, that you may not make as much money as you would just doing your own thing.

To begin as a ride-share driver, it's important that you have a valid license and insurance, as well as a vehicle that's clean and in good condition. You'll have to go through an application process and be approved, as if you are working for an employer. However, once you've gotten started you'll primarily be allowed to choose the areas you want to work in and to set your own schedule.

Get Started with One Taxicab

The best thing about starting this type of business in the modern era is that you don't have to own a yellow car with a large sign on the roof. You can purchase partitions, taximeters, and a roof light to put on almost any type of vehicle, if you want them. You can also obtain a ride-sharing decal to help reassure potential passengers that you are working with the ride-share service.

If you're planning to purchase a vehicle, you'll need to plan on spending between £10,000 and £15,000 for this part of starting a business. This doesn't include any other equipment you may have to purchase. You'll also need insurance and a business license so that you can meet your state and municipality's guidelines for taxi drivers. If you're a single-car operation, you'll be able to avoid the expense of an office and equipment, however, as you can work from your home.

Adding More Vehicles

If you prefer to have more vehicles, you'll be branching out into the cost of getting started with and managing a fleet. This means buying and equipping the vehicles, as well as keeping insurance on all of them, as well as hiring appropriate drivers and paying them. This will also mean drug screens and background screens so that you can protect your business against potential liability that can occur if you hire the wrong individual.

After you've hired numerous drivers, you'll need a way to keep track of it all. Luckily, there is now software available that can help you keep track of things without you needing to keep an entire team on staff to take calls and dispatch drivers. Instead, customers can request their rides through an app, and drivers can take the calls themselves, then give the ride to the customer without needing a dispatcher to handle it all. If you'd like to have a staff member taking phone calls, you can hire them to use these apps to keep track of drivers.

Staying Competitive

Now, many big cities have only one of these types of transit providers taking care of the entire area. You'll be dealing with competition not only from ride-share services, as well as local cab companies. One thing that can help is making sure that your cars are available to contact at hotels and airports locally. Additionally, make sure to shop around for insurance for your cars – especially important with a fleet – look here to compare taxi insurance for better value.

After you've lined up all of the marketing, it's important to be sure that customers are pleased when the car actually arrives. It's important to insist that your drivers are safe, professional, and polite, and to keep high standards of cleanliness for all of the vehicles in your fleet. Be sure to consider each customer complaint seriously, so that you can catch problems with unsafe drivers fast and avoid endangering passengers.


Topics

A93820014BS Abu Dhabi accidents ACLU ACS Advertising Aha Mobile AI Airsage ALPR ALPR Cameras Android Apple Arizona Atlanta ATS Attorney Australia Auto Insurance average speed cameras Baltimore Belgium Beltronics Bikes Bribe Brooklyn Buy Buying California Camera Vans Canada carplay Carpool Cars CDOT cell phone Chicago City Council Class Action Cobra Colorado Connected Signals Connecticut construction contracts Corruption courtesty notice courtesy notice Crashes crime Crosswalk crowdsourcing Culver City Dangerous Intersections Dash Cam Data Database Des Moines Distracted Drivers DIY DOT download Drivers License Driving Instructor Drowsy Drunk Drivers Dubai DUI E-ZPass England Escort Europe Facial Recognition failure to stop Fake Cameras FasTrak Fighting Tickets Finance Fines Fleets Florida FOIA Ford France freedom of information act request Garmin Gatso Georgia Germany Ghost Glendale Google Google Maps Government GPS Angel GPS Navigation Guest Writer Hawaii Here Highway Robbery Highways HOV Cameras How To humor Illinois Injury Inrix Insignia Instagram Insurance Insurenet iOS IOT Iowa iphone iRadar Ireland Italy Iteris Joe Biden Laser Craft Law Suit Laws lawyer Left Turns legal Legislation License Plate Local London Long Beach Los Angeles Loud Exhaust Louisiana LPR Cameras Lyft Machine Learning Magellan Maine Maintenance Manhattan maps Marketing Maryland Massachusetts Microsoft Minnesota Missouri Mitac Mobile Ads Mobile Apps mobile speed zone Motorcycle MTA Navigation Navigon Navteq Nestor Netherlands New Jersey New Mexico New Orleans New York New Zealand News NHTSA Nokia NTSB Oahu Oakland Ohio Oregon Parking Parking Tickets Parks Peasy Pennsylvania Phantom Alert Philadelphia Phoenix Photo Notice photographs POI Points Poland police Politics Poll Portugal Privacy Progressive Web App Protest Radar Railroad Reckless Driving red light cameras RedFlex RedSpeed redzone refunds Removing rental car tickets Repairs research revenue Rhode Island Ridesharing Right Turns rolling right turns Russia Sacramento Safe Speed Safety Safety Cameras San Diego San Francisco San Jose Scam Schools Seat Belt Seattle secutity settlement Shutting Down signs Singapore Snitch Tickets solar Sound Cameras Spain speed cameras Speed Vans State Ban stop sign cameras Street View Students subpoena Subscription Supreme Court Surveillance Switzerland Taxi Technology TeleAtlas Telematics Tennessee Tesla Texas Texting Tickets Tips Toll Road TomTom Tracking Traffic traffic attorney Traffic Camera Traffic Lights Traffic Safety Traffic School traffic tickets Traffic.com Trapster Trial by Written Declaration Trinity Trucking trucks UAE Uber UK Unpaid Ticket Vehicle Occupancy Verra Mobility video Vigilant Violation Fines Violation Info Violation Speed Virginia Vision Zero Voters warning devices warning notice Washington Washington DC Waze Wikango Xerox Yellow Lights YouTube