Driving School
Startup Costs: $10,000 - $50,000
Home Based: Can be operated from home.
Franchises Available? No
Online Operation? No
Training new drivers how to be good drivers is a multimillion-dollar industry in the United States. The main requirement for starting a driver training school is to be--or have on staff--professional driving instructors. Many driving instruction schools now subcontract out the driving instruction to trained professionals who supply their own cars, insurance and gas in exchange for a percentage of the revenue paid by their students. Using this type of operating format can be a terrific way to reduce the overall startup and operating costs for the business. Currently, revenue split rates range from a low of 60 percent for the instructor and 40 percent for the driving school to 75 percent for the instructor and 25 percent for the school. This is a very competitive industry and the only way to succeed is to secure contracts with high schools providing driver education courses for students. The contracts for this service are usually awarded on a tender-for-service basis every one to three years.
Driving School Ideas
Home Tutor
Use your brains to help students pass their classes and appease anxious parents.
Sales Training Service
Train others with your sales and management expertise.
Energy Management Consultant
Got tips on saving energy? Teach others how to be frugal with facilities as an energy management consultant.
More from Business Ideas
How to Go From Side Hustle to 7-Figure Business and Beyond, According to 3 Women Who Did It
What starts as a way to earn extra cash just might launch you into full-time entrepreneurship — if you're strategic.
Zillow Co-Founder Shares a 'Misunderstood' Truth About Starting, Funding and Selling Your Company
Now that he runs a venture fund himself, Spencer Rascoff is sitting on the other side of the table, and he sees what founders get wrong when pitching investors.
63 Small Business Ideas to Start in 2024
We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.