To start a taxi company, you need to research the competition by checking the number of taxi companies within your locality. Purchase the equipment and vehicles you want to use for the taxi business, apply for licenses, and insure your vehicles and equipment. Look for the best location of your business, hire experienced drivers and start advertising your business.
- Research the competition
Research online websites of other taxi businesses within your area, analyze their services and rates, and make a plan that will enable you to compete favorably. Make a list of the steps you want to take to set your business ahead of the competitors. Such measures include offering lower rates, having spacious and modern vehicles, and providing airport shuttles.
- Purchase vehicles and equipment
Purchase proper equipment and vehicles to use for the taxi business. It is imperative to buy vehicles modified for the taxi business. The vehicles must be safe, clean and have enough space in the trunk to accommodate customers’ luggage. If you plan to modify new vehicles for a taxi service, use bright paint, top light signs and decals bearing your company’s name and contact information.
- Obtain licenses and advertise your taxi business
Apply for business licenses and insurance of the vehicles. Take your vehicles for inspection and registration to the relevant authorities, and hire licensed drivers. Start advertising your business to win clients.