How Do You Start A Cab Company?
In larger cities, many people rely on public transportation or taxi cabs to get around. In other areas, cabs may not be used as much, but there will be less competition. Regardless of the size of your metro area, starting a cab company and operating your own taxi cab can be a financially rewarding business opportunity. A successful cab business also offers plenty of room for growth. Purchase a vehicle suitable for using as a taxi cab. A fuel-efficient vehicle will help improve your bottom line, but the vehicle must have a comfortable rear seat and enough cargo space to carry passenger luggage. Purchasing new or used is a personal decision. Buying a used vehicle will save you money on the initial purchase cost, but may cost you more in maintenance. Visit your local licensing agency to apply for any licenses needed to operate a cab in your area. Regulations and requirements will vary from state-to-state. At minimum, you will need automobile insurance for business purposes. Some states wi
