HOW TO START AND SUCCESSFULLY MANAGE A TAXI BUSINESS IN NIGERIA

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The transportation business is one that is very important in every country as the movement of people and goods from one location to another is done on a daily basis.

In Nigeria today we have different means of transportation which includes Air, Rail, Water and Road.

Due to the fact that it cost high to transport through air, water transport cannot get to everywhere and the rail transport is in a bad state which leaves the road transport system as the best option for the movement of people and goods.

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Whether it’s a long distance journey or a short one, the road transport business has proven to be an effective way of moving people and goods

This long distance journey involves moving people from one state to the other or a neighbouring country while the short journey involves moving people and goods within a particular state.

For the sack of this article we will be focusing on short distance journey.

When it comes to moving people from one location to the other within a state there are various road transport system which people can use and they include bus, keke, motorcycle and taxi.

Among all these transport system I have mentioned, taxi seems to stand out because of the more comfort you get unlike others. If you live in a state like Lagos you would understand how stressful it is to struggle to get in and out of a bus, and how reckless keke and motorcycle drivers are which is why most people prefer taking taxi. 

The usefulness of taxi has over the years increased as companies such as Uber has capitalized on it and have generated millions of dollars both in Nigeria and other parts of the world.

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Starting a taxi business is one of the most profitable ventures anyone can consider putting their money into as the market is wide and the return on investment is sure.

With this said if you think this business is good and would like to start your own then here are the various steps you can take.

Get A Plan

Your intention will go a long way in the success of this business, if you intend to just go the way other people approach this business by just buying a car and hiring a driver to go around and afterward remit money on a daily or weekly basis you might not make much but considering the strategies companies such as Uber and Taxify are using to generate millions of Naira you also can be among them.

Get A Location

This aspect of taxi business does not really work in every state of the country so you will have to do a survey to get to know the states you can start your business. States like Lagos, Abuja, Rivers (Port Harcourt), Akwa Ibom etc. are places you can consider starting this business.

Register Your Business

Whatever business you are into having it registered is very important and a taxi business is no exception. You have to know the policy guiding transportation business in the state you choose to start this business and get all the necessary licenses needed for you to be an approved taxi operator.

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Get Good Cars

When it comes to getting cars to start up this business there are two things that you must put in mind and they include comfort and durability.

You have to look for cars that have good engines and air condition working perfectly well with low fuel consumption. Since you are just starting up you may not have to get more than 3 cars. You can as well make it open for other people with private cars to register under you as a driver.

Install Trackers

This will help you to know exactly where your cars are at any given time and also know which one to send for a job at any time. This will also help you to monitor your cars so your drivers don’t use them for other side businesses.

Hire Qualified And Responsible Drivers

The kind of drivers you hire will determine how far your business goes so you have to look for qualified and experienced drivers to handle your cars. You have to make sure that your drivers have valid driver’s licenses and operate according to the speed limit you approve for them. There was a case of an driver insulting his passenger which is bad for business so make sure you carefully select your drivers.

Get An Office

You would need a place your business will be situated and your cars can be parked at the end of the day. For the fact that people will be calling for you to send drivers to pick them up having a good smartphone or landline that is always charged and a secretary to always be on standby to answer calls is need.

Market Your Business

For people to know that your business exist you will have to market it. There are various ways in which you can market your business and they include TV, Radio, Newspaper, Banners, Handbills, social media etc.

Having to explore all the advertising method can help boost your business and increase your customer patronage.  

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