Side Hustle: A Guide To Becoming An Uber/Lyft Driver

For those of us looking to earn a little extra cash on the side, driving for an app-powered taxi service like Uber or Lyft holds a certain appeal. If you have the ability to drive, after all, then why not make the most from it? But is this particular side-hustle worthwhile? Let’s find out!

What should I know before becoming a driver?

As a driver, you will be dependent on good reviews from your clientele. That means you’ll need to have emotional intelligence. This needn’t mean being extroverted; some clients will appreciate a driver who knows when to keep quiet. But it will mean that you need to be professional and courteous.

We should also consider the flexibility (or lack of it) inherent in jobs of this sort. While it’s possible to earn money while still adhering to your own schedule, certain times of day yield the highest prices. These are rush hours in the week, and social hours at the weekends. If you’re in 9-5 and you’d like to maintain a social life, then perhaps this isn’t the hustle for you.

Moreover, for all the advantages of being a driver, you’re never going to get the independence that comes with really being your own boss. The companies are hiring you as an independent contractor, which means that they set the prices and the terms.

What should my budget be?

Your budget will need to take into account several expenses, some of which might not be immediately obvious. You’ll need to pay for cleaning supplies to keep the interior looking fresh. That means if someone dirties up the back seat, you’ll need to clean it up (though they will still be charged). Wear and tear on the exterior will also be more strenuous than if you’d just used the vehicle for personal purposes, which means more frequent washes and waxes, more frequent tyre replacements, and more expensive repairs.

Your insurance premiums will rise if you use your car for this purpose. Moreover, the money you earn will be taxed – which might make life unduly complicated if you’re only earning a little bit from your side-hustle.

What about Uber X or UberXL?

Uber’s higher-capacity services are attractive to drivers, as they allow for higher fares – provided that there is enough demand for a high-capacity vehicle. For large events with many big groups attending, a more capacious vehicle, like a Mercedes Benz M8 from Cab Direct, can pay for itself. The only problems occur when clients order a smaller vehicle and then attempt to cram more into it than is legally allowed. This isn’t such an issue for UberXL drivers, who can simply have the ride upgraded afterwards without getting into an argument.

How to Start Your Own Catering Business

If you’re an avid cooking fan, switching to a career in catering can be a great move. Catering and hospitality are two industries which never seem to lose their appeal. People will always be in need of an expert catering company. The question is, how can you get started if you do want to set up your own catering business?

Here, you’ll discover some great tips to help you start your own catering business and boost its chances of success.

Ensure you choose a niche

One of the first things you’ll need to do is figure out your catering niche. This is going to help you brand yourself and ensure you capture the right target market. For example, a particular niche that’s hot right now in the catering sector is vegan. By focusing on one particular niche, it’s going to help you draw in more clients and make your business more of a success.

Don’t be afraid to think outside the box too. Is there a niche that’s currently lacking within the sector? Often, by taking risks that’s where you’ll find the biggest success.

Do you research

Before starting your catering business, you’re going to want to do as much research as possible. This includes researching the qualifications and experience you’ll need, along with information on your competitors. If you want your business to really take off, it’s going to need to offer something unique. So, look at what your competitors are doing and what your business could potentially do differently.

Sustainability is a hot focus within the catering sector right now. So, if you want to market yourself as different, ensuring you’re working with sustainable materials and produce is going to help.

Establish relationships with suppliers

You’re going to need reliable, high-quality supplies when you’ve got your business set up. This means, you’ll want to establish relationships with suppliers. There’s a lot of great catering equipment suppliers out there such as JLA. By establishing relationships with them early on, you’ll save your business potentially a lot of money.

These are just some of the steps you’ll need to take to start up a catering business. Don’t forget to look into the legalities too and funding. You’ll need a lot of equipment to get started so you will need some kind of capital to work with. There’s a lot of finance options open to start-ups so look into the different options before deciding which one is right for you.

Covering Your Bases: 7 Types of Insurance Every Small Business Owner Should Consider

Business owners are at risk of lawsuits and other issues in a variety of different ways and should ensure they are prepared for anything that could happen. Small business owners looking into potential insurance policies for their business should look for these 7 types of insurance to ensure they are fully covered for potential situations.

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How Is Fault Determined In A Car Collision?

If you’ve been in a car accident, you are not alone. Every year, millions of car collisions happen in the United States. Although in many cases, the only damage that occurs is to property, others involve injury to people, be them the drivers, their passengers or innocent pedestrians.

What Actions Should You Take Immediately After the Accident?

The way you handle the situation right after the accident happens may have consequences as far as your health, the damage to your property and your insurance, among others. That is why it is important for you to know what to do.

Among the first steps you should take are protecting the scene, calling the police and informing them accurately about what happened, taking pictures and getting witnesses’ testimony, and keeping a complete file.

What Happens Next?

If you were injured in the crash, you should seek medical attention as soon as possible. You may also want to get in touch with your car accident lawyer in Fort Myers. Particularly if the other driver is threatening you with legal action.

If legal action is threatened, it is important for you to know who was at fault in order to determine who will pay for the damages caused by the accident.

What you need to remember is to maintain a level head at the time of an accident. Do not admit fault, but also avoid discussing who may be at fault while at the scene of the collision. In short, sidestep any confrontation.

Can The Cops Determine Who Is At Fault?

The police will prepare a report about the accident. They will base it on their interviews of drivers, witnesses, and their observations at the scene. Some reports will state who is at fault, but others will not include a determination of fault.

The police may also issue citations for what happened, such as speeding or failure to observe the rules of the road. The citations may also call for a driver to appear in traffic court.

Do Insurance Companies Determine Who Is At Fault?

After the crash happens, the insurance company will assign the claim to an adjuster who will oversee the investigation and the settlement of the claim. The investigation will include researching the event, talking to drivers and witnesses and verifying the details of the insurance policies.

It is up to the insurance companies to determine who is at fault and they base their decision on the legal definition of negligence. A person is considered negligent when they fail to take the proper amount of caution in a certain situation under similar circumstances.

The Courts May Also Determine Who Is At Fault

When a lawsuit is involved, the parties may wish to recover money to pay for their car damages or medical expenses. In these cases, the court will determine if the defendant was negligent as defined above.

The evidence collected will help the judge or the jury decide who is at fault. Ultimately, the court holds the last word when it comes to determining fault, even if they contradict the police report or the determination of an insurance company.

Are You Unsure As To Who Is At Fault?

If you feel that dealing with the police, your insurance company and, ultimately, the legal system, is just too much to handle on your own, get the help of a car accident lawyer. They will help you find the peace of mind you seek.

7 Things to Take Care before Starting a Used Car Business

If you are planning to start a second-hand car business you should give it your best because it is a lucrative business. Try as much as possible to understand the Vin decoder and how it works.  Used cars are in demand because not everyone has the financial ability to buy new cars. They are more affordable and are efficient in service. Most people who buy new cars want to get rid of the old cars at a fair price. This means that depending on your business and bargaining prowess, you stand a chance to make handsome profits. That said, there are things that you first need to take care of before starting the business. These are:

  1. Location

Dealership location is the first thing to consider. This is very important in determining the sales and profits that you can make in a year. Do a research to find which location has profitable business climate. Ensure that you consider costs related to opening the business and average monthly costs of the business in the location that you will find the best suitable. Don’t forget to consider the competition and all the possible risks that might be associated with the place. Ensure that the location has optimum business climate and is sizable for your business.

  1. Business plan

This is another basic and important thing that you need to first consider. Write down a business and financial plan, and if you are not good at it feel free to consult a specialist. A good business and financial plan will enable you to make informed decisions. You will know such things like; what strategy to use for your business, vision for your dealership, market behavior, marketing strategy to use, and the number of employees that you need to hire and how much you will pay them. Additionally, create an LLC to safekeep personal assets or another business type depending on your business needs.  With a comprehensive business and financial plan, you will be assured to get loans and to win over investors.

  1. Legal requirements

Every state has its legal provisions and requirements on buying and selling used cars. You are required to comply with the laws before starting your business. The laws touches on; licensing of the dealer, who qualifies to conduct the business and terms and conditions of running the business. Adhering to the laws is necessary for the wellness of your business.

  1. Insurance

It is necessary to have proper insurance for this business in order to safeguard your inventory. Liability coverage is important in case of accidents. Ensure that you are covered in all areas in order to mitigate losses and risks. Acquaint yourself with the insurance requirements that will work for you.

  1. Qualified mechanic

It is wise to have a certified mechanic in your team. This is because you will be required to conduct inspections more often. A good mechanic will assist you to identify the value of the car when buying, so that to avoid loss in case of repair. Cultivate a good relationship with your mechanic in order to have the best repair services and expert opinions.

  1. Learn the art of selling

You need to be acquainted with salesman knowledge. This is will be necessary for your business growth. With so much knowledge about cars, you cannot afford to get stuck in your business simply because of stagnation. Sales skills will enable you to negotiate properly and effectively with your customers for better deals. Also, you will be able to create a fruitful rapport with your customers and brand yourself better.

  1. Marketing

Lastly, before you start a business, you are required to set a good marketing strategy. Good marketing is what will catapult your business to success and profits. Your aim is to reach all the potential buyers therefore, you should invest in all sorts of smart marketing. Have a catalogue for the vehicles you intend to sell and make it available. Make good use of the internet.

Closing Remarks

The used car business is surely a good prospective business when handled intelligently. The above seven things will help you navigate smoothly in your business. Good luck!