Investors and entrepreneurs are discovering new business opportunities through driving schools and institutions in India. The reason for this could be the rapid expansion and evolution of industries, as well as the growing desire for individuals to drive automobiles and other vehicles. From a revenue perspective, this sector is very significant. It is reasonable to assume that this business could generate revenue. There are a number of people who are willing to spend money on learning how to drive, making it profitable to own a driving school.
Simply having a thought isn't enough; you need to understand the state's strict rules and regulations. You will also have to spend some time researching, but don't be concerned. The following article will give you a clear idea about what it takes to start a driving school business in India.
Did you know?
There's almost a continuous incline in the driving-school revenues from 2011 to 2018. So, teaching people how to start driving a car can be a very lucrative business.
How to Run Driving School Advertisement for a Profitable Business?
How to Start a Driving School Business?
The following section illustrates how to start a driving school business with minimal investment. By following the below steps accurately, you can surely start a successful driving school business independently.
Like starting any other business, you need to follow certain steps to attain success. Most importantly, there are just ten straightforward steps to follow:
1) Select the Type of Indian Driving School You Want to Start
Before you start a driving school, it is important to decide whether you want to open your school or purchase a franchise from a well-respected driving school.
Although buying a franchise can be costly, such as paying a fee for the franchise, the franchiser will take care of the details of opening a driving school. If you're interested in starting your driving school, you need to decide what type of driving school to open. The next thing you need to know is to perform competitor research to understand what your competitors are doing and how you can be different from them.
2) Competitor Research
It is not a good idea to sell any product without competitive research. Ensure that there isn't tough competition in the region you plan on starting your business. Every person should learn to drive. Most locations already offer driving education. You can win in this business by analysing the competition. These are the things you need to know:
- What are the other driving schools located in this area?
- What is the price for the services?
- Which services are on offer?
These questions will help you make changes to your business plan for your business to stand out.
3) Name Your Indian Driving School
Choosing a memorable and easy-to-remember name for your driving school is important. A catchy name will help you establish a strong brand for your driving school and attract more customers. Also, make sure to check the availability of website URLs to ensure that your website URL matches the name of your driving school.
4) Choose the Perfect Location for Your Business
Location is an important factor in starting a business. The business can be initially started on rented land and then moved to a better location. It is common to rent a space for a long period to make it easier to manage the rent and move to a better location when the business is stable. You can easily calculate the average cost of renting in India.
Here are some common points to keep in mind:
- One classroom, one office.
- Parking space must be available for vehicles.
- It will be advantageous if the plot is located near the market.
- Make sure it is located near residential areas to attract more customers.
5) Calculate Startup Cost & Arrange Finance
This step will allow you to understand the costs of starting a business. The most likely cost of your investment will be business insurance, vehicle procuring, workforce, space, licencing and administrative costs. Approach investors if you're looking for funding. Staff will also matter a lot, and their salary distribution consumes a lot of finance.
6) Register the Vehicles From RTO
Indian government offices are responsible for issuing driving licences and vehicle registrations in India. The Indian government organisation maintains a database of Indian drivers and vehicles.
Section 213(1) of 1988's Motor Vehicles Act establishes the Department of Motor Vehicles. Each state and city has its own RTO responsible for carrying out the functions and activities outlined in the 1988 Motor Vehicles Act.
Before you open an Indian driving school in your locality, you need to first get permission from the RTO.
- Motor vehicle taxes
- Vehicle registration
- Vehicle inspection after an accident
- You should always check the validity of your motor vehicle insurance.
- Issues transport permit (licence for motor vehicles).
7) Purchase Vehicles for Your Driving School Business
If you have small capital investment, it is advisable to purchase second-hand vehicles. Make sure the cars have adequate insurance and signage that students can use. For safety reasons, install additional steering, brakes and instructor mirrors.
8) Obtain a Driving Instructor Licence
You should now be familiar with all details about your driving school. The services provided by the school, the location of your customers, where the Indian driving school is located and what budget you have in mind for the business.
You will be ready to go when you finally get your driving instructor licence. You will be able to start your business because you have all the tools you need.
These 6 points are worth considering before applying for a driving instructor licence.
- Age: A person applying for the same must have at least 21 years of age.
- Vision: Only after passing the vision test can the applicant apply for a licence.
- Education: The applicant must have a high school diploma or an equivalent.
- Background Check: The applicant must pass a criminal history check besides a thorough background check.
- Physical Examination: Before obtaining a licence, the applicant must pass a physical examination and possibly a mental screening.
- Driving Record: Your driving record must be presented when you apply. Excessive traffic offences may disqualify.
9) Select Location
Driving school businesses are dependent on their location. It would help if you looked for a place in a building close to the road. This step will make it easy for people to find your Indian driving school. You should also have enough space to park your training vehicles.
10) Online Ads Are a Great Option
While word of mouth was once enough to grow a business, teens and their parents now constantly use their phones and Google to search for local businesses. For any business, the internet can be a great source of advertising.
You need to make sure your business is visible online. If someone attempts to find you using your name, driving school and location, they should be able to locate you quickly. It helps to ensure that the business opportunity is secured.
You can save a lot of money by advertising online. This cost-cutting can allow you to offer discounts to your customers, and it can be your solid advertising strategy.
Success will come if you are dedicated to your goal of starting a successful Indian driving school business. The steps outlined above will assist you in establishing your driving school business. You will soon have many clients waiting to learn from you. You can start taking fees online to ease out all the transaction calculations.
Follow Khatabook for the latest updates, news blogs, and articles related to micro, small and medium businesses (MSMEs), business tips, income tax, GST, salary, and accounting.