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Nearly sorted!
http://taxi-driver.co.uk/phpBB2/viewtopic.php?f=5&t=11002
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Author:  Ash [ Tue Mar 17, 2009 4:52 pm ]
Post subject:  Nearly sorted!

Well, I've got my application in. Should be done in 6-8 weeks.

£130 a week for car hire including insurance
£85 a week radio hire.
70l diesel a week... £70

The firm I'll be working for... basically you sign off and sign on when you want (They're a huge firm).

I'm willing to work my arse off at this. Was basically considering 3pm - 3am Monday to Sunday morning (have Sunday off).

If I took £7 an hour average (Which I would hope was possible. All the taxis I took from town home where £4 and that was a five min job) then I'd be comfortable.

Obviously in my deepest darkest dreams, I'd be pulling in £10 an hour:D.

Ok. I've set my weekly profit target at £200 Which means cost plus profits = £485 which means my daily target would be £80.83.

What do you think? Is that possible?

Thanks very much

Ash

Author:  grandad [ Tue Mar 17, 2009 5:03 pm ]
Post subject: 

If you are working 72 hours for £200 profit that is £2.77 per hour less tax and insurance. Are you mad!!!!!

Author:  wannabeeahack [ Tue Mar 17, 2009 5:09 pm ]
Post subject: 

as a HC on a radio circuit i used to take £500+ a week 15 years ago...

as an independent HC (no radio) ive done £300 between 9am friday morning and 7am saturday morning (god bless time and half)

you would have to be barking to aim at only £200 nett for 7 days work, McDonalds would be better

DONT forget that if your on holiday you still have to pay the car+radio rent

Author:  wannabeeahack [ Tue Mar 17, 2009 5:11 pm ]
Post subject: 

while your doing forecasts and budgets, dont forget you will be sent to do account work, that money you may not see for 6 weeks....you will pay for the fuel on the day though

Author:  Ash [ Tue Mar 17, 2009 5:20 pm ]
Post subject: 

Hey, my dad never said (but should've) aim low.

I realise £200 profit less tax and my own accounting is not a lot of money. As I say, £7 per hour (or more accurately £2.77) is a price I'll pay to be able to work formyself when I want.

You don't have to pay for the car if you're not working. The car is on a week by week basis fully maintained (including tyres/pads etc). If it breaks down they'll drop off another plated car within half an hour. The taxi firm also do a highly reduced week rate if you're not working that week.

If I'm honest, I'm hoping to pull £12 an hour. I've not worked in this industry before and have absolutely no idea how much I can expect to earn. A lot of the local cabbies I've spoken too said at quiet times they might only do 1 or 2 £4 jobs an hour but at busy times they can hit £30.

I'm working on the theoretical minimum. Any more and I'll be happy.

EDIT: Before any smart arse says it, I realise the theoretical minimum is -£285 a week. I mean the minimum at which I'd stick it out :D

Author:  wannabeeahack [ Tue Mar 17, 2009 5:41 pm ]
Post subject: 

Quote:
You don't have to pay for the car if you're not working.

The car is on a week by week basis fully maintained (including tyres/pads etc). If it breaks down they'll drop off another plated car within half an hour.

The taxi firm also do a highly reduced week rate if you're not working that week.


now i AM confused...

which is it?

Author:  Ash [ Tue Mar 17, 2009 7:03 pm ]
Post subject: 

wannabeeahack wrote:
Quote:
You don't have to pay for the car if you're not working.

The car is on a week by week basis fully maintained (including tyres/pads etc). If it breaks down they'll drop off another plated car within half an hour.

The taxi firm also do a highly reduced week rate if you're not working that week.


now i AM confused...

which is it?


Sorry, should've made it clear. The taxi company do not hire cars but they gave me a contact of the guys who does most of the cars for their drivers.

So the car hire and radio hire are seperate companies.

Author:  cabbyman [ Tue Mar 17, 2009 7:18 pm ]
Post subject: 

I'm fairly confident that you'll comfortably exceed your target figures.

As you suggest, if it works on paper on that budget, then you should have a good buffer built in.

Good luck. Let us know how it goes.

Author:  wannabeeahack [ Tue Mar 17, 2009 7:18 pm ]
Post subject: 

so if you have a week off, what DO you have to pay?

at least the radio rent id guess, and a portion of the car hire?

Author:  Ash [ Tue Mar 17, 2009 8:02 pm ]
Post subject: 

wannabeeahack wrote:
so if you have a week off, what DO you have to pay?

at least the radio rent id guess, and a portion of the car hire?


£20 radio £0 car hire.

As I say, the car hire is entirely week by week basis. I might have a different car when I go back but it's week by week.

It's a large firm (>140 drivers). If you don't work at all for the week it's £20.

Author:  Ash [ Tue Mar 17, 2009 8:04 pm ]
Post subject: 

cabbyman wrote:
I'm fairly confident that you'll comfortably exceed your target figures.

As you suggest, if it works on paper on that budget, then you should have a good buffer built in.

Good luck. Let us know how it goes.


Excellent, thanks for the encouragement mate :) Much appreciated!

Author:  Sussex [ Tue Mar 17, 2009 8:04 pm ]
Post subject:  Re: Nearly sorted!

Ash wrote:
What do you think? Is that possible?

If you work hard you will earn out of it.

Why not try working Sundays, and have Tuesday/Wednesday off?

Quite possible to earn both days money on the Sunday. :wink:

Author:  Ash [ Tue Mar 17, 2009 8:05 pm ]
Post subject:  Re: Nearly sorted!

Sussex wrote:
Ash wrote:
What do you think? Is that possible?

If you work hard you will earn out of it.

Why not try working Sundays, and have Tuesday/Wednesday off?

Quite possible to earn both days money on the Sunday. :wink:


Really? Is Sunday a busy day?

Excellent! I'll certainly keep that in mind :).

When I say keep in mind read I will definately be working Sundays :D

Author:  Sussex [ Tue Mar 17, 2009 8:07 pm ]
Post subject:  Re: Nearly sorted!

Ash wrote:
Really? Is Sunday a busy day?

Ask the likes of Tesco/Asda which is their busiest day (by the hour). :wink:

Author:  echo15 [ Tue Mar 17, 2009 8:52 pm ]
Post subject: 

Sunday can be a very busy day, early morning you get people waking up not knowing where they are or how they got there for one :lol:

Then you get the God squad going to church, then the shops open people want to shop on their only day available.

Then the pubs open and footie might be on the God squad are going home and there are fewer cars out coz they worked all night on Saturday.

In the afternoon you get shoppers going home and the dinner time sessioners staggering back home. Course this is all dependant on how much cash there is left in their pockets after Saturday

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