Start a taxi business in 7 steps

Step 1: Research and analyze the taxi market

Getting ready to open a taxi business starts with analyzing the local market and looking for uncovered niches and existing possibilities. You need to shape a clear idea of the fundamental rules and operations involved in running a taxi business.

Do your market research thoroughly. Talk with the experts in the ride-hailing industry and discover how other founders have started their cab service business and where they got their taxi business ideas. To get some initial knowledge, schedule a call to talk with the Onde team, and we’ll share what we know!

Step 3: Get the funding to start a taxi company

Setting up a taxi company requires much more than a good idea. Attracting investments and calculating the costs are vital for the success of your taxi launch strategy. Consider financing options available for your mobility business: investors or loans, in addition to your personal savings.

Step 5: Digitize your taxi business

Make booking a cab a habit for your users. With a Customer app and a Driver app, getting a taxi becomes easy and efficient. Zero-contact credit card payments make the process risk-free and convenient for everyone involved.

A management platform for a taxi business allows company owners to monitor all business processes, from drivers' activity to clients' feedback. Save time and cut your costs by getting a trusted taxi dispatch system.

Step 7: Hire drivers and operators

The taxi business must have a team of highly qualified drivers. Recruiting a full-time team of experienced drivers is necessary for the success of your local business.

Inspect drivers' backgrounds and provide newly hired employees with some refresher training. Also, make sure they have all the necessary documents for being a taxi driver, like a commercial driver's license.

Done? Then it's time to recruit qualified dispatchers to manage your drivers and clients. They will provide pick-up and drop-off GPS locations, as well as time-saving routes. With technologically supreme dispatch software, their work will be even more efficient.

One of the last stages of the launch preparations is to integrate a safety checklist into your drivers' and passengers' taxi booking apps. With a white-label on-demand taxi solution by Onde, you can customize your ride-hailing app.