Business: Opening a car driving school.
Business type: Skill related, part-time.
Basic requirements: vehicles, traffic permits, certified driving instructors, insurance.
Starting a driving school is one of the best part-time business options, especially if you have an extra car to spare. There are many people who provide private driving lessons to others in their spare time. It should be noted that this business is a good option only when you are expecting profit in the long run. Some driving crash course instructors say that it will take at least 2 years for them to break even in the driving school business. So, if you need quick money, this is surely not an option.
Many teens don’t bother going to a professional driving school but they prefer short-term driving crash courses. So, it is up to you whether you start a professional or a small-sized driving business.
Expenses in this business mainly depend on the vehicles, insurance, and maintenance. If you want to cut your maintenance expenses, then it is recommended to buy new affordable cars. Second-hand cars usually get more troublesome in the long run.
One thing that bothers most of the driving school owners is the mileage of the vehicles. Some say that the success in this business depends on how well you take care of the mileage issue. You need to keep nearly 40%- 45% of your investment capital for the fuel consumption and collateral expenses. Other expenses include insurances, permits and parking places.
Provide your customers a range of driving crash courses
As mentioned earlier, many people don’t bother getting professional driving lessons, so offer them with different varieties of driving crash courses from which they can choose the most suitable driving course.
This method is proven to be the most cost-efficient method of classifying the customers. It also helps you to manage your time as an instructor.