Some people are lucky enough to be able to mix business with pleasure – and you can too, if you’re a road warrior. There are a plenty of vehicle-based start-up company options for you to get involved in if being around cars is your thing.
This short article lists five options that are available to you if you want to spend more time on the road and get paid for it.
Start a private hire company
Public transport often suffers from jamming and being too crammed, so there’s always a high demand for private hire vehicles, no matter what time of year it is. Private hire companies differ from taxis in that they operate on a booking system.
It’s a growing market in the UK, with a third of the public using a taxi at least once a month. Make sure you have solid private hire insurance before you start your business venture.
Run a minibus company
This requires a large enough investment to begin with, so it’s probably not suitable for first-time business entrepreneurs. Once you’ve passed the PCV driving test, purchased the vehicle and paid all expenses, including minibus insurance, you’ll start earning back your investment over a period of a few years – if you’re lucky. Once again, this is only for those who can afford to do it.
Buy or start a car dealership
If you have a solid knowledge of cars, running a car dealership is a good way to make money on the side. Starting from scratch is difficult but is great if you want to grow your own business.
On the other hand, you could buy someone else’s dealership, along with their contacts, customer base, staff and all their other resources, which will give you a massive head start.
Start a courier service
This will also cost a lot of initial outlay to get started if you want to have a multi-vehicle fleet, with bikes, motorcycles and vans at your disposal. You could also start small, as a courier service that only uses bicycles, before working your way up.
Become a driving instructor
You can become a driving instructor either by joining a driving school or doing it yourself, as a private teacher. Either way, you need to have had a clean driving license for three years minimum, with no driving offences.
After your criminal record check has been done, you need to do a series of driving instructor tests to determine your suitability as a teacher.