Three (3) Advice That Would Let You Make Money: Honesty, Ability To Save Money & The Magic Work
I was making my feasibility studies on car business just few days ago. It's one of the business booming in my Country today. It's one of the most easiest ways helping Guys to make a lot of money. Whether they are able is to manage the money made is the problem.
The car business doesn't require professional expertise, only few requirements is demanded. First of all you to have attained 18 years, having sound mind and having passed the driving text or completed driving school which last for 6 months.
So the youth after attaining secondary school certificate would engage themselves in this car business, especially if they fail to further their education or venture into any other sector. This also means that formal education is very important to know some basic road signs and knowledge concerning driving.
There are two ways that the youth make money from this car business.
One that the car owners buy the car for the drivers for commercial purpose, either for work and pay or for making daily sales which is normally agreed between the driver and the owner. In this case, there is a fixed daily sales the driver should meet say $50 per day. Some owners allowed the daily sales to accumulate for the week so that they make payments.
The second one has to do with the driver being the owner of the car driving the car and making his own money. He doesn't share any profits gain from the car business. He bears all the risks and maintain the car when it's faulty.
I think being the owner of the car doing the car business or making work and pay isn't the problem. The problem lies on how to manage and maintain the car, how one can be honest for himself or the owner who who has pulled out his money for the car business.
Being honest or dishonest
Surprisingly, most drivers become dishonest in this car business. Especially those who make work and pay, daily sales or weekly sales. At the beginning, after negotiating with the car owners, they play their game well being honest for some few months, able to meet their daily sales, being able to do overhauling to maintain the car strength. Upon spending about a year in the business they begin to cheat the car owners, fabricating all forms of stories.
The fact is that instead of meeting the daily sales agreed on, they steal most of the money by flaming stories that they had fault on the car, the car consume too much fuel and oil so all the money had been used to purchased fuel and all that.
By the end of the, the owner had to withdraw some money from the daily or weekly sales to do overhauling or maintain the car to keep the business growing. Aside this, there is monthly payments that the owner give to the driver. The $50 is the average daily pay assumed for the driver to pay in case things didn't work out for the driver that day. It means the driver could exceed the daily sales of that $50. In case that happens, all the rest of the money goes to the pocket of the driver. Imagine things went well for the driver for 3 days out ot 7 days and he made $100 each, but for the rest of the days things decline so he made $70 for 4 days. The owner takes $350 while the driver makes $230 plus his monthly sales.
Most owners of cars for commercial purpose agree for the drivers to fill the cars on weekly basis from the sales they make. Before the drivers bring the daily or weekly sales, they had already deducted the money for the buying of fuel and changing of the oil.
Due to very bad lifestyle among most drivers, they end up squandering the money they acquire without even making a single savings. Most of them spend more years without being able to buy their own cars.
Ability to make Saving is very important
Not all people are able to make savings when they are doing such business like this car business. It's Human nature that occur to many people. Having the mindset of spending the money I make today since I'll get some tomorrow is among the lifestyle of most youth. They 00 think of tomorrow.
Saving money is the process of keeping some part of the money made from business or work that you earn. It's good way of investment. Only few drivers are able to save and buy their own car. Sometimes it's very difficult to save especially if there are more risks as accident, rubbery, family issues, savings.
But nothing can stop one from saving upon setting his goals. Being focussed and determined would push you to save.
But there are many taxi drivers live their lives at very high level. Buying all sort of unnecessary materials just to appear presentable in the presence of others.
The magic work - making a difference
Ability to turn a business into multifunction depends on the magical work you would do. Having established one business which brings a lot of money, the rest becomes how to expand the business to also employ other people to work. It's up to the business owner to think about the possibility of venturing into other businesses with some of the capital. If the money is used to expand businesses, it would help to get an insane returns of profits than saving all the money at Banks. Your money in Banks means that the money would use to run business for you and bring the share returns of profit. But if you run the business yourself, it means all the profit would be yours.
Posted Using LeoFinance Alpha