What should you consider when starting your own ac taxi in Kolkata?

Starting your own taxi service can be a satisfying and lucrative business. But it needs a thorough circumspection. Being a capital intensive venture, a taxi service business can generate a good amount of revenue if it runs well. But how do you go on with it? The competition is quite tough and here you will come across all those points that you need to consider when you start your own ac taxi in Kolkata. 

A taxi service runs in a specific area like it can either run across the country or in specific cities or regions. They are almost similar to certain transport businesses but are also different in some other ways. 

• Estimate the potential- You have to determine the potential for a taxi service in the area where you want to operate regardless of any competition because you will still be able to generate enough turn over. Start with a small region before expanding the business in more places or bigger regions. Try learning about the existing competition and it can be a great start. It can give you knowledge of all the necessary details about the existing competition, market, demand etc.  You can introduce new and unique strategies to attract more travellers.
• Develop the outlook of the business- When you start your own business of ac taxi in Kolkata you should try to develop the outlook of the business. You can start with looking into current size and future potential of the market. This will perhaps, give you a better idea about the size of the region you should operate in or the number of taxis you can start with.
• Establish the tariff, route and business plans- Start with chalking out the details of the area you want run your taxis. You can either hire the taxis for your business or own them directly. Also, you can consider hiring drivers for your business. When it comes to choosing tariffs then, choose flexible tariffs which varies between different timing of day and night or region. You will be able to set regional limits in this way. Plan out the payment mode that is to be used as well.
• Establishing funding- After you have had an idea about the capital investment that is to be made initially, then it is time to determine the sources of funding. You can also take a bank loan but ensure that they take care of the necessary aspect of the entire operation. You must also acquire an office space which you can use to control and coordinate the ac taxi in Kolkata and its operation.
• Register the business and get it insured- The next and the most important step would be to get your business registered with the national or regional authorities. It can include the taxation authorities, registrar of companies, labor authorities, environmental and safety clearances etc. Getting your taxi business insured is also very important. You must start with getting the minimum insurance schemes for your vehicle, drivers etc. 
• Forming the taxis- The appearance, decent trips, discounts on the rate, trouble free running are some of the aspects that are expected by the travellers. This is one such thing that will decide the success of your business. You have to make sure that your taxis have all the necessary features that will enable the passengers to travel safely and comfortably. 

So, these are some of the most important points that you need to consider when starting your own business of ac taxi in Kolkata. As already said, a taxi business is a profitable business which can generate a high revenue if you are able to run it properly.