Home Entrepreneurship What You Need To Start A Taxi Business

What You Need To Start A Taxi Business

Do you have a passion for driving or just like cruising round town in your car? You can consider starting a taxi cab business. 
Taxi business is one of the age-long professions in the history of man. It is like being paid for doing something you would have considered doing for free. As a cab driver, you can decide when to commence business and close for the day. 
Interestingly too, the fares are not fixed. You can charge at will depending on the distance. I know a

taxi driver who only deals with ‘drop’ and the least he charges per passenger is N1,500. I also gathered that the minimum take-home pay for an average taxi driver ranges from N5,000 to N30,000 in a day.

Of course, unlike the usual harassment most commercial bus drivers are subjected to by the police and traffic law enforcers, taxi drivers in Nigeria and Lagos in particular are accorded due respect. Besides if you don’t have a car of your own, all you need to do is to register with the nearest taxi park close to you. From time-to-time, you will be allowed to drive of any of their available fee for an arranged commission.
An unusual passion for driving, patience, valid driver’s licence, a car (if you don’t have one, go for a tokunbo car), registration with a particular taxi union and affiliation to a registered park.
Likely Capital: 
N350,000 (could get you a tokunbo car and get you a driver’s licence as well as registration with a taxi union.

Culled from: Money Spinning Businesses To Start With N300,000 & Above

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Business To Start With N300,000 & Above

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Adebayo Folorunsho-Francis is a communicator, Journalist, blogger, business coach and, of course, a prolific writer. He has Dip (Journalism) and B.A. (History & International Relations) from the Lagos State University (LASU). The self-effacing young man has worked for national, regional and local newspapers. He had worked with THISDAY covered community news for ISLAND NEWS and corresponded with P.M. NEWS (evening tabloid). Presently, he is the editor of CITYPULSE MEDIA and senior correspondent of PHARMANEWS, West Africa foremost health and pharmaceutical journal.