Do not miss out the opportunity to earn thousands of dollars with electro taxi business idea. Taxi business is one of highly profitable and demanded services around the world. Now use your driving skills today to get benefit from electro taxi business idea.
01 Startup Financing
Business Titans will help you to choose the best-matching financing method to your situation and to prepare you to get a good deal with the right partner. Speak to us about your idea and situation and get a free proposal how Business Titans could help you. Below is a preview of few possible financial solutions for your business project.
1. Bootstrapping: The right and wrong ways to set up your Startup with your own money.
2. Equity Partner: Money from equity partners can be good or bad for your project
3. Bank Loan: Be prepared for the tough due diligence checks of the banks. Get help for Due Diligence and KYC.
4. Friends and Family Loan: A sensitive topic with many attention points.
02 Business Planning
Business Planning is a continuous process of assumptions, risk assessments and revisions. It is not about the Business Plan but about the thinking process while you are setting up a new venture. Any serious business partner will challenge your assumptions and assessments. With Business Titans you get a diversified and professional sparring partner to brainstorm and starburst your business model until it is waterproof.
We help you to get the documentation you need in the right step with the right quality and format. Equiped with Business Titans certified documents, you will stand off in any forum.
03 Weekly Coaching
When the financing step is done and your business documentation is complete, it's time for action. A Senior Consultant will be accompanying you in a weekly personal coaching session through the milestones of your business. Your Consultant will check for examples and inspirations that match your unique situation. You will be supported with a personalized feedback to every aspect of your company: Legal setup, marketing plan, budget management, business development steps, sales pipelines, recruitment needs, product development, etc.
Business Titans will push you to achieve your milestones, stay in-line with your Business Plan and make you aware when and why a revision is required.
Check Out our New Starter Kit!
Strategy Roadmap - Your compass during the startup phase (6 pages pdf)
- Tools of Business - A collection of 80+ tools for any entrepreneurial situation based on 6 years of trial-error experience and lessons learned (14 pages pdf)
- Smart CEO Guide - Ways to raise efficiency and stay focused on the Strategy Roadmap (15 pages pdf)
- Social Media Marketing - A checklist with industry-standard best practices on social media (3 pages pdf)
- Customer Journey Stations - A one-pager exercise guiding you through the critical moments of dealing with customers (1 page pdf)
THE BUSINESS IDEA
Do you love driving and have some experience in the transportation field? Can handle a different kind of passengers? Then electro taxi business idea is a landmark for you. An electro taxi business is a very cost- effective business which involves conveying passengers between different locations. Electric cars have now become very popular across the globe. They are cheap and eco-friendly. You can start a business with two or three cars and once the business starts to make a profit you can buy more cars and expand your business. You will need vehicles to start your taxi business, so buy vehicles which are already been
modified to use for taxi service. Besides, you can also lease cars instead of buying them outright to save your startup costs. Leasing requires less or no down payment and may have tax advantages for your business.
Online auctions and vehicle sale sites will help you buy vehicles at lower rates. Whether you decide to start with a small fleet or a large fleet of vehicles, you will need drivers. Advertise your business and offer coupons to attract new customers. After the successful initiation of electro taxi business, you can also
introduce an app for easy transportation of clients. Battery charging in electric cars is the main hurdle for the owners as there is a difficulty to access specialized charging stations anytime or anywhere. Besides, a full charge of electric cars battery usually takes a couple of hours depending on the car.
Always prefer drivers with an excellent record. Make sure that drivers hold driving licenses, insurances or permits in compliance with the local law. Your good service and rates will provide you an edge over other competitors. If you don’t want to start your own business, you can also set up a joint venture with other
taxi drivers as well as Uber drivers. You can use smart marketing approaches to save additional marketing costs by hiring drivers from Uber.
On normal days, most of your customers will be students and office workers. Besides, passengers and tourists also need taxis at airports, train stations, and hotels.
- Office: Though taxis will run on the road, you will need an office to deal with legal and other matters. Moreover, this will also serve as a location for parking of cars.
- Mobile App: Through the mobile app, service will become easy for both you and customers. Customers will be able to book a ride by sitting at home sending you their location. Then you can pick them and drop them to their destination. Moreover, through the mobile app, you will be able to cover a large area.
In-home: In the startup, you can run this business from your home to save office rental expenses. Suitable as part-time idea.
The startup cost for electro taxi business is medium. However, the profit potential is high especially when you develop your reputation as a good service provider. Contact Business Titans to learn more about the potential revenues and costs to run this business.
THE KEY BENEFITS OF THIS PROJECT
- A flexible, eco-friendly business idea and can be operated part-time or full-time
- Set-up joint venture with other taxi and Uber drivers to save investment budget
- You can initially start this business from home and will be engaging with new clients daily
- Save start-up costs through car leasing options with little or no down payment
- Medium startup investment with an incredibly lucrative future