Can everyone own a car in Cameroon? Even if everyone own a car, Can we all have the zeal and the right circumstances to drive ourselves around for 365 days multiplied by the numbers of years possible?
No this is not likely to be a correct assumption because not everyone can own or can drive one’s self all the time.
So now, you don’t have a car and you need to go to work, meet up with that conference, attend those weddings, and other places too, how do you get there ? Through taxi transport. Can you now see why cab or taxi business in Cameroon is profitable ? Here We want to take you through the practical steps you need to put into consideration when starting cab taxi business in Cameroon no matter the size or location.
Get The Capital Required For Taxi Business
Cab taxi business is a lucrative business but capital intensive due to the high cost of buying a vehicle, even if you decide to start with just one car, it will still involves start up capital. This will be used to buy a fairly used car to start your taxi business, you can buy products like Mazda, Opel, Mitsubishi, Toyota Corolla, and other related cars that are durable and cheap to maintain. You can get your capital either through funds from family and friends or simply obtain loan from micro finance banks , it might even be your own personal savings.
It is advised you start your taxi business in a small way and then grow to the level of owning fleet of cars. Ensure you buy a good car that can pay back what ever you have borrowed.
Decide On Rental or Hire Purchase
Rental in cab business means you give the car to the driver and he gives you returns on a daily basis, you will remain responsible for the car registration at any motor park, license, maintenance and repairs.
If you choose the hire purchase arrangement, the hirer take full responsibility of the car which includes registrations at motor parks,
licenses, maintenance and repairs of the vehicle. .
Which ever one you choose, it is important you carry out proper
background checks on any driver you intend to rent or hireyour car to. They should provide guarantors who can testify
to their good and recommendable character and integrity,
and ready to stand for them and be held responsible in case
of any problem.Remember, if you don’t carry out your investigation
properly and you fall into the wrong driver, he may use or
drive your car recklessly, damage your car or even sell it
out-rightly, pocket the money and disappear. So make your
research right before employing any driver.
Determine Where You Want To Run Your Cab
The areas you choose to run your taxi business will determine how much your driver will deliver to you on daily basis, This daily delivery is only applicable if you choose a rental service.
License And Mode Of Dressing Is Important
You must ensure that your drivers have the acceptable commercial driver license. This will help your driver to avoid embarrassment from the law enforcement agents on their daily activities. Some drivers think their job is just to drive car and drop their passengers at their destinations and so, this makes most drivers look so unkept that they cause a lot of discomfort to the passenger/customer.
You could just introduce dress code to your drivers.
People address you base on how neatly you are dressed so make sure your drivers are neatly dressed.
When your business is fully set for operation, all you need
to do is watch your business grow and then think of how
you can expand in your taxi business.
Wish you all the best in your taxi business and getting
ready to read your success story soon.