When it comes to starting a business, there are so many different directions that you can go in.
Given the recent popularity of companies like Uber, something that might be worth considering is some form of ride-share service. How do you do this in a way that sets you apart from your competitors, though?
One option is to start a minibus business. However, if this is your plan, there are a few things you’ll want to keep in mind.
Do You Have the Right Licences?
It’s perfectly legal to drive a minibus on a standard driving licence in the UK, provided that you’re not paid for your services. Unfortunately, your business won’t last very long if you offer all your rides for free.
So, if you want to make money with this venture, you’ll need to apply for a passenger-carrying vehicle (PCV) licence and a public service vehicle (PSV) operator licence. You can find information and help on how to apply for both of these here.
Do You Have the Money?
As with any business, if you’re going to succeed, your venture will need to be profitable. Obviously, it’s impossible to go into something like this and know exactly what will happen. However, there are ways that you can improve your chances of making money.
This includes building a client list before starting the business and setting competitive rates for your services. Ensuring that you have enough money set aside to buy your new minibus, as well as a budget for marketing or advertising, is also ideal. The better you budget beforehand, the less likely you are to run into any nasty surprises once your business gets going.
Do You Have the Right Insurance?
No matter what vehicle you drive, insurance is essential. It ensures that should you or your passengers be involved in any kind of accident, you’re all compensated.
It can sometimes be tricky organising minibus insurance, especially as what you need differs depending on what you plan on using the vehicle for. Thankfully, you can get some peace of mind if you insure your minibus on this website. They compare cheap quotes from across the UK, so you can find the best minibus insurance for your business while saving yourself time, money, and effort.
Do You Know the Rules Of The Road?
If you’re looking to start a business involving driving, the chances are that you’re familiar with the rules of the road. Of course, some of the rules can differ depending on the vehicle you drive. That means that’s what’s expected of you in a minibus could be slightly different from what you’re used to when in a car.
To ensure you’re up to date on what’s required of you, it’s worth checking out the UK Highway Code. All the information you need is right here, and it never hurts to refresh your mind with this, especially if it’s been a while since you did your test. You never know what might have changed in that time.
A minibus business could be precisely the venture you need to make your mark on the world. However, if you’re going to go in this direction, just make sure you’re fully prepared for what lies ahead.