Hello OZB fam…
My job - at the moment - is not impacted by Covid19. In any case, I have been looking to slowly get into something which gives me an option (going forward) to completely move from a job to a business.
Want to move away from job due to (lack of) job security and want to work for myself. Found this career option as something stable in the long run and something I see myself doing.
Now from where I am, everything looks good for now. Do the course, start the driving school, do it in evenings or weekends, no need to leave full time job until the business has volumes.
I want to ask the broader community of what I am missing. Perhaps from people in this business currently, or if you have a family member doing it at the moment. What are things I am not accounting for in drafting this business plan.
I am creating a spreadsheet with set up costs (like car, dual controls, company setup, insurances, marketing) and ongoing costs (like fuel, maintaining website, keeping records, car maintenance etc).
My situation - in full time job, based in Melbourne. Liabilities - home loan (about 500k). Kids are young, partner works part time.
Please share your feedback - looking for encouragement or reasons for not getting into this.
TLDR - in full time job at the moment in MEL. Want to start driving school business side by side - is this a good idea?
What is a driving lesson these days? $70ph?
How much of this would be profit?