5 ways to save cash in 2023 as a driving instructor
As a driving instructor in the UK, you know better than anyone that the cost of living crisis is real. With the rising costs of fuel, insurance, and other expenses, it can be tough to make ends meet. However, there are a few ways you can save cash in 2023 and make your business more sustainable.
Here are five tips to help you out saving money in 2023:
1. Invest in a fuel card
One of the biggest expenses for driving instructors is the cost of fuel. By investing in a fuel card, you can access discounts on fuel at various petrol stations across the country. This can help you save a significant amount of money on your fuel costs, which can add up quickly when you're driving students around all day.
Fuel cards typically offer savings of around 5-10% on fuel purchases, so they can be a worthwhile investment for driving instructors.
2. Shop around for insurance
Another significant expense for driving instructors is insurance. It's important to have the right coverage to protect yourself and your students, but you don't have to overpay for it. Shop around and compare quotes from different insurers to find the best deal for your business.
3. Go green
Not only is it good for the environment, but going green can also save you money. Consider investing in a hybrid or electric vehicle to reduce your fuel costs and take advantage of government incentives for low-emission vehicles.
4. Use technology to your advantage
There are many apps and online tools that can help you save time and money as a driving i nstructor. For example, you can use a scheduling app to manage your lessons and avoid double-booking, or a mileage tracker to claim back expenses on your tax return.
Of course, being the home of GoRoadie Pro... this is probably where we should at least mention we do Diary Managements apps - and it does genuinely save instructors around £280 each month.
5. Offer discounts and promotions
One of the best ways to attract new students is by offering discounts and promotions. For example, you could offer a discount for new students, or a package deal for a certain number of lessons. This can help you generate more business and save money on marketing costs.
Summary & Tips
Remember, it's important to always prioritize safety when it comes to teaching people to drive. By following best practices and staying up-to-date with the latest regulations, you can ensure that your students are getting the best possible education. By implementing these five tips, you can save cash in 2023 and make your business more sustainable in the face of the UK cost of living crisis.