Owning a taxi business can prove a profitable change to your lifestyle. Depending on your location, there can be high demand in all weather. In the current economic climate, fuel prices and general running costs are keeping car-ownership just out of reach for many people. As a result, the public transport industry has seen something of a revival.
While some areas will offer ample income from casual fares, other operators will need to consider options for increasing revenue in quieter periods. Try to arrange regular runs for schools, or commissioned runs, for example with large companies transporting staff in special circumstances. It is important to keep both the company and individual drivers up to date with the special licences and permits required when working with children/passengers with special needs.
Before heading out, thoroughly investigate the government regulations in your state or territory as they may determine the number of licences/permits that will be issued, the fare rates and possibly even boundaries determining the operation of your new business.