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Build a taxi company and around technology and mobility

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YelowSoft Inc
Build a taxi company and around technology and mobility

If you’re reading this blog I believe you have made-up your mind and can’t wait to see your own fleet of taxis picking up and dropping off customers across the city.


Before you proceed let me give you an indication, starting a taxi business is everything, but easy. It’s going to be an uphill, roller-coaster ride.


To be battle ready, you have a lot to learn from your competitors, friends, industry veterans, taxi drivers, Uber drivers, and taxi union leaders.


I won’t suggest entering the battlefield without learning a lesson or two from the people associated with the industry, particularly when you have no previous experience in the industry.


How about an Uber trip across the city and engaging in an informative conversation with the driver?


Nonetheless, I have presented you a step-by-step guide.

1. Draft a feasible business plan

This is going to be tricky. You got to be asking a lot of question to yourself. What I must include, more importantly, exclude? And the million-dollar question; how long it must be? How many words should I put?

This excerpt from an article on Entrepreneur should help.

“A useful business plan can be any length, from that scrawl on the back of an envelope to more than 100 pages for an especially detailed plan describing a complex enterprise. A typical business plan runs 15 to 25 pages.

Miniplans of five to 10 pages are the popular concise models that may stand on their own for smaller businesses. Larger businesses seeking major funding will often have miniplans as well, but the full business plan will be waiting in the wings. It’s to your advantage to run long when creating your plan, then narrow it down for presentation purposes.”

I came across an actual 27-pages long business plan of a taxi business based in Toronto while doing research for this blog, which should be a great starting point if you have absolutely no idea what a business plan looks like.



READ MORE : A step-by-step guide to build a taxi company



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