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Old 11-07-2008, 08:08 PM   #41 (permalink)
Ford Man
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Join Date: Jul 2008
Location: Russellville, KY
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Quote:
Originally Posted by Matt Herring View Post
I met my first lesson about 2.5 miles from my house...which my SG2 told me cost me .40 to drive there so I'm trying to keep all my meeting places as close to my house as possible to maximize profits. 40 cents is not a big deal but I could imagine some lessons might be much farther away. My next few lessons are also within 5 miles of my house.

On Sunday, the car dealership my landlord runs is 20 miles from my house so I'll be paying a little more to reach customers. But, if I can sign up some of the test-drive people I'm riding with for lessons it's worth it...I'm not expecting much for people on test drives though as they are there to buy cars and not directly to save mpgs...I won't say never...I didn't know if my new biz would work either...stand by to stand by.
I'd start keeping records of all miles driven with where I drove from and where I drove to for the business. If you have to start paying taxes on the income the miles you are driving, the cost of the scan gauge, the cost of the signs, and any other business related expenses will be tax write offs if you itemize your taxes. Be sure to keep all receipts and accurate records of everything pertaining to the business.

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