Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$252

Business Formation Fees

$600

$5,400

Equipment & Supply Expenses

$63

$700

Vehicle Expenses

$2

$10,004

Retail Business Expenses

$0

$3,150

Inventory Expenses

$0

$5,000

Training & Education Expenses

$0

$2,000

Website Costs

$13

$215

Advertising & Marketing Costs

$75

$2,486

Software Expenses

$0

$225

Lyft

lyft.com

11,671

Rosie Taxi Cab

rosietaxicab.com

101,228

VIP Transfer Punta Cana

transferdmc.com

286,989

Taxi-Calculator

taxi-calculator.com

434,967

Unico Taxi

unicotaxi.com

503,454

Tag My Taxi

tagmytaxi.com

901,874

Best Deal Car Service

bestdealcarservice.com

2,921,542

Yellow Cab of Victoria

yellowcabvictoria.com

4,054,404

Dulles Express Cab

dullesexpresscab.com

4,795,857

Whalley Taxi

whalleytaxi.com

4,838,965

Rewarding work

Starting a taxi cab business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

Gain exposure and experience

This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you!

Daily physical activity

Taxi Cab Business's typically involve a much greater degree of movement than other lines of work. Most days, you will spend your day walking, running errands for your business, and performing a multitude of tasks. This can have a positive impact on energy levels and your overall health.

Face to face interaction

If you are the type of individual that thrives on human interaction, then this is the business for you! With a taxi cab business, you will be hands-on with customers and or employees every day.

Strong Demand & Relatively Recession Proof

The demand for taxi cab business is increasing year over year and the business is known to be relatively recession proof.

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

Security Issues

With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.

Low margins

The gross margins for your taxi cab business are typically around 10%, which can make it more challenging to incur new expenses and maintain profitability.

High employee turnover

In the taxi cab business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.

Lack of benefits

With a taxi cab business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Isolation

Often times, as a taxi cab business, you typically work alone and do not have much face-to-face interaction with other team members.