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He Wants To Venture Into Transportation Business, Please Advise - Car Talk - Nairaland

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He Wants To Venture Into Transportation Business, Please Advise by Spiritfun: 10:16am On Mar 09, 2020
I need advice from experienced people to help a friend of mine make a good decision. I'll highlight the situation as follows.

1. He works in a company where he earns 50k monthly as basic salary. But on the average, his monthly earning (salary plus side hustling) is 70k

2. He works from 8am to 6pm daily. Doesn't work on weekends.

3. He's considering considering buying a car with 600k for taxi business in port harcourt. He intends to drive the car by himself as scheduled below:

4. He plans to hustle with the car from 5:30am to 7:30am in the morning before going to work and 6pm to 10pm after work on weeks days. Then, hustle as much as possible on Saturdays and Sundays.

5. What's the possibility that he will save 3K minimum daily with the above schedule after deducting money for fuel and other logistics?

6. If this business is viable, what is the best car he should buy for 600k that will be suitable for taxi driving in Port Harcourt?

7. At the moment, he does not know how to drive but plans to learn driving with the car for one month before using for commercial purposes.


Urgent advice is kindly needed.

Mods please consider this post front page worthy. At least, let's show Buhari that not all youths are lazy, lol
Re: He Wants To Venture Into Transportation Business, Please Advise by timifakay(m): 8:08pm On Mar 09, 2020
Spiritfun:
I need advice from experienced people to help a friend of mine make a good decision. I'll highlight the situation as follows.

1. He works in a company where he earns 50k monthly as basic salary. But on the average, his monthly earning (salary plus side hustling) is 70k

2. He works from 8am to 6pm daily. Doesn't work on weekends.

3. He's considering considering buying a car with 600k for taxi business in port harcourt. He intends to drive the car by himself as scheduled below:

4. He plans to hustle with the car from 5:30am to 7:30am in the morning before going to work and 6pm to 10pm after work on weeks days. Then, hustle as much as possible on Saturdays and Sundays.

5. What's the possibility that he will save 3K minimum daily with the above schedule after deducting money for fuel and other logistics?

6. If this business is viable, what is the best car he should buy for 600k that will be suitable for taxi driving in Port Harcourt?

7. At the moment, he does not know how to drive but plans to learn driving with the car for one month before using for commercial purposes.


Urgent advice is kindly needed.

Mods please consider this post front page worthy. At least, let's show Buhari that not all youths are lazy, lol

By taxi, do you mean regular motor park taxi or e-hailing partner?
Re: He Wants To Venture Into Transportation Business, Please Advise by ksmart027(m): 8:45pm On Mar 09, 2020
My advice is get a car for e hailing, that normal taxi no dey pay well.
Re: He Wants To Venture Into Transportation Business, Please Advise by Bluehill1051: 9:20pm On Mar 09, 2020
600k fit buy car wey uber go accept?

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