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Uber as an Investment
Thitifini
#41 Posted : Wednesday, November 16, 2016 4:34:21 PM
Rank: Member

Joined: 1/15/2015
Posts: 681
Location: Kenya
Gathige wrote:
Liv wrote:
Cornelius Vanderbilt wrote:
kangi wrote:
penkon wrote:
gatoho wrote:
streetwise wrote:
Just like a kiosk, its a do it yourself business

No its not. There are people with fleets in uber


true there are people i know with like 50+


You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month.


whose that governor who put in 80+ uber cars on the streets? eish!


Problem in Kenya is that we copy each other too much and we suffer from "grabbiosis".... Everyone now is buying vehicles to put under uber....or one of the other companies. Unless the entry is controlled we will have some oversupply soon.



But that is good for the consumer. A colleague who has a teenage Son told me of how whenever he want to go to town with his peers, they just hail an uber, and it comes, they share the cost. Taxis are now becoming easily available. I know of corporates who now want o go the uber way- Just hail and pay, without having a contracted taxi co.
.

PwC have gone uber now.

60% Learning, 30% synthesizing, 10% Debating
Gathige
#42 Posted : Wednesday, November 16, 2016 7:40:51 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
Thitifini wrote:
Gathige wrote:
Liv wrote:
Cornelius Vanderbilt wrote:
kangi wrote:
penkon wrote:
gatoho wrote:
streetwise wrote:
Just like a kiosk, its a do it yourself business

No its not. There are people with fleets in uber


true there are people i know with like 50+


You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month.


whose that governor who put in 80+ uber cars on the streets? eish!


Problem in Kenya is that we copy each other too much and we suffer from "grabbiosis".... Everyone now is buying vehicles to put under uber....or one of the other companies. Unless the entry is controlled we will have some oversupply soon.



But that is good for the consumer. A colleague who has a teenage Son told me of how whenever he want to go to town with his peers, they just hail an uber, and it comes, they share the cost. Taxis are now becoming easily available. I know of corporates who now want o go the uber way- Just hail and pay, without having a contracted taxi co.
.

PwC have gone uber now.



Good to know that. That's a good indirect endorsement.
"Things that matter most must never be at the mercy of things that matter least." Goethe
Chaka
#43 Posted : Wednesday, November 16, 2016 9:24:22 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Thitifini wrote:

PwC have gone uber now.

So its like PWC has many employees here and they are always on the move?
doubletap
#44 Posted : Friday, November 18, 2016 5:37:21 PM
Rank: Member

Joined: 7/17/2014
Posts: 132
Location: Wherethewindblows
kangi wrote:

You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month.


Can you elaborate on the system of checks and balances that you use? tw.peas[at]gmail.com or here for all. 60K is net ama gross?
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
mawinder
#45 Posted : Sunday, November 20, 2016 8:18:54 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
doubletap wrote:
kangi wrote:

You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month.


Can you elaborate on the system of checks and balances that you use? tw.peas[at]gmail.com or here for all. 60K is net ama gross?

Can't the driver occasionally switch off Uber to do his own stuff??
Lolest!
#46 Posted : Sunday, November 20, 2016 12:04:18 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
mawinder wrote:
doubletap wrote:
kangi wrote:

You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month.


Can you elaborate on the system of checks and balances that you use? tw.peas[at]gmail.com or here for all. 60K is net ama gross?

Can't the driver occasionally switch off Uber to do his own stuff??

They do!

Also, as one of them pointed out, you can also collude with clients to cancel trips. Then driver pockets trip amount
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Mkondoa Macho
#47 Posted : Sunday, November 20, 2016 6:42:22 PM
Rank: New-farer

Joined: 2/7/2016
Posts: 79
Location: Home
Lolest! wrote:
mawinder wrote:
doubletap wrote:
kangi wrote:

You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month.


Can you elaborate on the system of checks and balances that you use? tw.peas[at]gmail.com or here for all. 60K is net ama gross?

Can't the driver occasionally switch off Uber to do his own stuff??

They do!

Also, as one of them pointed out, you can also collude with clients to cancel trips. Then driver pockets trip amount

Sometimes I tend to think that investing in the transport industry (where you dont drive the vehicle yourself) only makes sense for high capacity vehicles e.g 33 seaters and above for these reasons.
- The stress of a 33 seater is more or less the same as that of a 14 seater or a cab (uber). If the stress of managing is the same, a higher capacity vehicle makes more sense.
- Whether you like it or not, the cops, the crew and mechanic are out to fleece you. With a high capacity vehicle, you will still be left with a reasonable amount after the thuggery (above 8k). It makes more sense to leave your house to go and collect 8k than 3k or less from low capacity vehicles. The amount of fuel you will use etc is constant hence makes better sense if you have a high capacity vehicle.
- A high capacity vehicle depreciates at a lower rate than a low capacity vehicle.
- A high capacity vehicle has minimal pressure to upgrade. For instance, nobody checks the number plate of a high capacity vehicle because the age is irrelevant. The only thing that matters is it's condition. You can have your bus for over five years without seeing a major decline in earnings as long as it remains in tip-top condition. For Uber or a 14 seater, you get relegated as the vehicle grows old...maybe 3 years max.

The only problem with high capacity vehicles is the large capital outlay. If I was to venture into the transport industry, I would start with a 14 seater and figure out how to get a 33 seater as soon as I get the necessary experience.
Swenani
#48 Posted : Sunday, November 20, 2016 8:15:14 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Lolest! wrote:
mawinder wrote:
doubletap wrote:
kangi wrote:

You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month.


Can you elaborate on the system of checks and balances that you use? tw.peas[at]gmail.com or here for all. 60K is net ama gross?

Can't the driver occasionally switch off Uber to do his own stuff??

They do!

Also, as one of them pointed out, you can also collude with clients to cancel trips. Then driver pockets trip amount


why woul I cancel a trip?There is cancellation trip fee charged on your next trip as a customer
If Obiero did it, Who Am I?
Mkondoa Macho
#49 Posted : Sunday, November 20, 2016 9:03:27 PM
Rank: New-farer

Joined: 2/7/2016
Posts: 79
Location: Home
Swenani wrote:
Lolest! wrote:
mawinder wrote:
doubletap wrote:
kangi wrote:

You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month.


Can you elaborate on the system of checks and balances that you use? tw.peas[at]gmail.com or here for all. 60K is net ama gross?

Can't the driver occasionally switch off Uber to do his own stuff??

They do!

Also, as one of them pointed out, you can also collude with clients to cancel trips. Then driver pockets trip amount


why woul I cancel a trip?There is cancellation trip fee charged on your next trip as a customer

I would cancel if I get the ride, and the cost is significantly lower than the cancellation fee and the price the driver charges.
Angelica _ann
#50 Posted : Sunday, November 20, 2016 9:06:13 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
Mkondoa Macho wrote:
Swenani wrote:
Lolest! wrote:
mawinder wrote:
doubletap wrote:
kangi wrote:

You only need good systems. The biz is growing. I have not one, two or three units, all do more than 60k a month.


Can you elaborate on the system of checks and balances that you use? tw.peas[at]gmail.com or here for all. 60K is net ama gross?

Can't the driver occasionally switch off Uber to do his own stuff??

They do!

Also, as one of them pointed out, you can also collude with clients to cancel trips. Then driver pockets trip amount


why woul I cancel a trip?There is cancellation trip fee charged on your next trip as a customer

I would cancel if I get the ride, and the cost is significantly lower than the cancellation fee and the price the driver charges.

Cancellation doesn't make financial sense to the client!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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