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Like many others, I'd like to specialise in luxury airport, city and corporate runs, but assume I would probably need to do some regular cabbing while I build-up.
A shedload of different factors to consider, but that kind of sector tends to be more competitive, so difficult to get into, particularly from scratch.
And if you want to be earning from day 1, you'll need to be working for a circuit, and basically paying them to feed you work, which in turn means you'll get your fair share of the dross
And then because you're working for a circuit, it means you can't really build up your own work alongside (unless you work for Uber, maybe), so it's a bit of a Catch 22.
You'll probably be able to make a bit of dosh with a circuit, but you'll need to put in the hours, and if you don't want the drunks and dafties market then that'll make it a bit more palatable, but on the other hand that's when the best money tends to be made.
And you may in fact find that it all starts to grind you down fairly quickly, and it's never going to get any easier to drive around anywhere, or at least not in our lifetimes
Anyway, that's a few generalities, but there are many niche firms and markets around, depending on your local area and also licensing policies (like the WAV thing for HCs, which you mention locally) therefore there are exceptions to the above.
But, basically, unless you can afford to start from scratch on your own, you'll need circuit work, which then makes it difficult to go it alone, if you get my drift.
And last thread like this I recall is here, which may contain some useful stuff:
viewtopic.php?f=5&t=40913&p=434319