Starting your own business is a dream many people have. Being your own boss and deciding your own hours of work are obviously tempting factors, and many people also crave the financial independence that comes with operating your own company.
Building up a business of your own can be full of challenges, with finding startup capital one of the biggest and earliest hurdles for an entrepreneur to cross. That’s why more and more people are looking at starting a business by using their existing vehicle or by investing in a purpose-built commercial vehicle to begin working for themselves.
Here is a quick guide to three businesses anyone can begin by using their own car or van, or by buying a vehicle to suit the demands of their startup.
Deliver Packages and Food Locally
The demand for packages and food delivery has soared in the last few years, especially in cities and urban areas. Smartphone apps have made it possible for any restaurant to offer a delivery service, and consumers have responded by ordering online in huge numbers.
A huge jump in online purchases has led to a surge in the number of packages that need to be delivered. Companies like Amazon and delivery service Hermes have joined Uber Eats and Post Mates by hiring local contractors that can take their packages and food orders the last mile and complete their deliveries for them.
Start a Commercial Trucking Service
There is an almost endless demand for commercial truckers, with billions of products being moved across the country at any given moment.
A commercial vehicle is a great investment, as they hold their value well against depreciation and maintain the value of your investment while you work. There are many commercial trucks for sale that suit a number of different trucking jobs, including trucks and trailers for cross-country haulage as well as more specialized cabs for logging jobs, plumbing services, and even dump trucks.
Driving a Cab or for a Ride-Share Service
Driving a cab has been a lucrative trade for decades. Driving a cab in the city can be a great way to achieve financial independence, with some hardworking cab drivers hitting six figures a year if they put in a lot of hours. Though becoming a cab driver can take some time, it can often be worth going through the process of becoming a registered driver with the city and state.
Many drivers have turned to ride-sharing services like Uber and Lyft as a way to get started quickly and without having to join a cab company. These services offer ‘rideshares’ to customers that charge less than a traditional cab company and are not as heavily regulated, making it easier for drivers to start earning money quickly.
Starting your own business is a great way to achieve financial independence and take more control over your life and the hours you work. By starting a business that uses a commercial vehicle, you can turn your car into one of your company’s best assets or invest in a new commercial vehicle to help you realize your dream. Investments like commercial vehicles can pay for themselves very quickly.