Hey,
My friend (22 years old) would like me to purchase a car for a taxi business. He has a couple of buddies that do this now and wants to do the same. He presently drives his motorcyle to earn a living having quit Lek's bar late last year and is a much happier young man. For myself I wanted him to open up some kind of business. I never would have thought of a taxi service. He wants to do nothing else but drive a taxi. I feel uncomfortable with this revelation but it excites him to no end.
I asked Phet to do some legwork and to talk to his friends to get an idea of what we will be undertaking for him to operate a taxi business. How much they make per month on the average and what the expenses run per month, etc. A couple things in Phet's favor is that he is very mature and a hard worker.
My questions to you are.
1. Is this crazy or what?
2. Does anyone have any experience with this type of business?
3. What should we be keeping our eyes on?
4. Where is the best place to purchase a second hand car?
That's all for now. Thanks.
Dax