9 tips for business with your own car

9 tips for doing business with your own car. Trade your trade licence for a boring office and enjoy an interesting life change. However, you need to think this through and time it properly. Doing business is not for everyone. Before you leave the comfort zone that your job provides with all its pros and cons, consider all options. If you are an active driver, you have the opportunity to make good use of this life experience. Have you thought about what options you have?

Before you start your own business activity, make sure your business is timed correctly. Also, clarify your priorities and goals. Are you planning to do this activity short-term due to a change in your family situation, or permanently? Adapt your initial investments, especially purchasing a car for your business activity, accordingly.

In the next phase, you must address legal conditions. The basic condition is to obtain a trade licence for a concessionary trade for road motor transport. What conditions must you meet for registration in the Trade Register?

How to obtain a concessionary trade licence?

Doing business with your own car can be run on the basis of the aforementioned concession for road motor transport. You must apply for it at the trade office. To obtain the required concession, you must have at least a valid driving licence, own a motor vehicle, and also have experience in driving a motor vehicle.

Depending on the specifics of your business, check other conditions at the trade office. The first condition to obtain it is your legal age, the second is your clean criminal record. The third condition you must meet is that you have no debts with the tax office (finanční úřad), the social security administration and your health insurance company.

Before you decide to apply for a concession, clarify the scope of your business. For running courier services or driving a taxi, a concession for small passenger or small freight transport will be quite sufficient. This involves the transport of a maximum of 9 persons including the driver, as well as goods. You can obtain the concession, upon meeting the legal conditions, within 30 days.

💡 Tip: Pay attention to the article that will give you valuable information regarding acquiring a car through operational leasing: Is operational leasing for a car worth it?

Although the Covid-19 pandemic froze some professions and forms of business, it gave others the opportunity to succeed. If you decide to deliver ordered products and services, you have a realistic chance of getting regular and flexible orders. If you have your own car available, it is up to you when you enthusiastically dive into it.

How to start? First, reasonably set your limits. Based on your possibilities and abilities, plan your tentative working hours and number of trips. Parents with small children will appreciate flexible working hours, which will bring them similar benefits to part-time work. And of course, more time with family as well.

Goods delivery for Wolt

If you feel confident behind the wheel and are able to quickly deliver ordered food, flowers, cosmetics, pet supplies, and other retail items, try cooperation with a multinational company. Fill out the application form via the app and start accepting your first orders. In the Czech Republic, the company operates in 14 large cities.

Cooperation with the company, which was founded in 2014 in Finland, will bring you flexible working hours and interesting financial remuneration. The company offers the possibility of earnings up to 60,000 CZK (about 2,800 USD) per month and, of course, 24/7 support. Another interesting advantage for you is the covering of basic accident insurance and liability insurance. It all depends on your motivation and work commitment.

Taxi business

This business can be operated on the basis of a concessionary trade licence for road motor transport. The administration associated with setting up the trade is similar to that of a courier. It is necessary to apply for small road transport. In addition, however, you must apply for permission from the municipality or magistrate of the relevant city district to operate this service.

Permission to operate this service will be issued to you by the magistrate or municipal authority based on passing an exam regarding local topography and registering your car in the taxi vehicle register. Registration is also associated with a fee of 500 CZK (about 23 USD) and a waiting period of a maximum of 30 days.

Courier for Bolt

Bolt will offer you a flexible contract with the chance to earn up to 80,000 CZK (about 3,700 USD) a month. You will transport goods, as well as people who need a driver service. Bolt also gives a chance to young students, who can earn up to 1,000 CZK (about 46 USD) a day as bicycle couriers alongside their studies, which is certainly not to be sniffed at.

What do you need to start the activity? Legal majority, Czech citizenship or a work permit, your own means of transport, a mobile phone with data, great communication skills, and a desire to work are essential. If you are strong in foreign language skills, you also have the opportunity to work abroad. The Bolt company provides its services in more than 500 cities in Europe, Africa, Asia, and Latin America.

Car rental

Do you work mainly during the week and use the weekend rather for relaxation? Do not hesitate and find a way to monetise your means of transport. Students, tourists, and active pensioners belong to the target group that likes to ride to attractive tourist spots, but does not necessarily have to own their own car. Renting a car in an interesting location can be mutually beneficial. Just watch out for correctly arranged rental agreements and sufficiently set compulsory third-party liability insurance and comprehensive car insurance.

Moving services business

Moving is a life event that is not very popular, but is often completely necessary. After starting a family, your flat is too small, and in your senior years, you already worry whether you can manage its maintenance and the financial side of things associated with your housing. If you decide to do business in this area as well, you must adapt your transport vehicle and equipment for moving heavy loads to it.

💡 Tip: Also read the article that will give you a guide on how to deal with an unpleasant insurance event and its consequences: How to report an insurance claim?

Do business as an independent financial adviser

A representative car, a quality suit, excellent communication skills, a valid certificate, good background support from the represented financial institution. These are all essential working tools of a quality and reliable financial adviser who will advise you on financing your mortgage or correctly set your term life insurance.

Rent out your car’s surface for advertising purposes

Let your car earn money through advertising for a strong company. They will arrange the advertising print for you and also pay for the advertisement. However, keep an eye on the contract between you and the company that you will be promoting through your car.

Cooperation with an established e-shop

As a reliable carrier, you can transport goods intended for customers using your car. However, choose an already functioning and proven e-shop for cooperation. It will save you valuable time and financial resources. Or choose another option. Purchase an already established e-shop and deliver your products to customers.

Airport transporter

Getting to the airport on time two hours before departure or from the airport to the destination can be a burning problem for some passengers. As an individual transporter with your car, you can solve this for them.

Transport as well as the delivery of goods and services are quite in demand today. If you are interested in pursuing this activity, you have the opportunity to choose from a large number of alternatives. Find the best one that will offer you the opportunity to freely decide on your working life and adapt to your needs.