TheCar:


What is the new ETA ma?

Supposedly Friday

radautoworks:


Supposedly Friday

Okay. I would follow up with you.

Regards to Baby Radu

chinchunchu:
Hmmm now I get, the proposal is not even about his first claim, putting drivers on 35% at the end of the month.. Its about comparing bikes remittance to car...this guy smart gan but u can't really outsmart everyone here...you actually want to convince investors about your bike biz which I know your moving towards it gradually.. Guy u try...but you are still a learner
[ author=Tgiirl post=71434817]. But can be stolen at once. How do u track it. because the last guy I bought a bike for on my farm to use is nowhere to b found till date.

Aside that, you don't even ve a car on the platform yet. Nawa o. How come you know wat works and wat wont work.

I can see the true pic now, you want investors to invest in bikes, right?
And you can help them to manage it , right?


Ko le werk.... No one is ready to be scammed.

Well, u may be lucky to see some sending you pchat to know about your bike biz... See your tactics bad gan. Those who know, knows

Nah.. Not convincing anyone..

The bike business is risky. A new govt might ban bikes in Lagos.

I honestly want to have a fleet of cars on uber but the current model is discouraging. And so I will formulate a new model for myself. By January, I will but a corolla and an android phone to test my model.

The people who ride my bikes are aboki


The person who will drive my car will be a driver not a graduate who couldn't get a job but resorted to driving on uber (no offense intended). The latter is greedy and wants to build a mansion off another's property while the former drives as a profession.

Phranex, you can't be "brainstorming" yet shitting on opinions.

A dishonest driver will earn more but so will you, tho smaller (% Measure).

Consider this:
Driver Requested N1000 to fix something and you provided it.

At day end, GROSS is N10,200
*** Hypothetically speaking, N200 covers fuel and other miscs.

Going by your model, that N1000 is further subtracted from the Gross which now leaves N9,000 as NET

Driver Earns 35%

Scenario 1 (No Dishonesty)
N10,000 NET
Driver gets 3500 and you 6500.

Scenario 2 (Dishonesty)
Driver doesn't use the N1000 he gets from you, thats an extra in his own pocket.
Going by the new NET of N9000, he gets his 35%, N3150 and you N5850.

Driver:
N3150 + the N1000 with him before = N4150

You:
N5850 + N1000 removed from gross (depending on how you look at it) = N6,850.

Summary:
In Scenario 1, everything worked out normal.
However, in Scenario 2, driver earns an extra N650 and you, N350.

1899Milan:
Phranex, you can't be "brainstorming" yet shitting on opinions.

A dishonest driver will earn more but so will you, tho smaller (% Measure).

Consider this:
Driver Requested N1000 to fix something and you provided it.

At day end, GROSS is N10,200
*** Hypothetically speaking, N200 covers fuel and other miscs.

Going by your model, that N1000 is further subtracted from the Gross which now leaves N9,000 as NET

Driver Earns 35%

Scenario 1 (No Dishonesty)
N10,000 NET
Driver gets 3500 and you 6500.

Scenario 2 (Dishonesty)
Driver doesn't use the N1000 he gets from you, thats an extra in his own pocket.
Going by the new NET of N9000, he gets his 35%, N3150 and you N5850.

Driver:
N3150 + the N1000 with him before = N4150

You:
N5850 + N1000 removed from gross (depending on how you look at it) = N6,850.

Summary:
In Scenario 1, everything worked out normal.
However, in Scenario 2, driver earns an extra N650 and you, N350.

In scenario 1

It is 35% of 9k

In scenario 2

Also 35% of 9k

I see a loss of 650 tho

Phranex:


Your mathematics is flawed.

That 1k was deducted from the total earnings as expenses.

He said 4k for fuel.. Total earnings is 10k

He actually bought 3k.. So he kept 1k abi..

When we want to share the 10..

We minus 4k which the actual 3k for fuel plus the 1k with him as expenses.

We now share 6k... He didn't cheat me.. He played a fast one on himself. If he likes he says the bought fuel for 7k whereas he bought fuel of 1k.. Remember he is buying fuel from my money... He has to pay the amount he used to buy fuel before we share profit.

10 minus 7 is 3

Is 3k we will share... He might have 6k with him but he gave me back the 6k as expenses.. Lol.. Not so smart after all....

So you still don't know when you fail simple mathematics or you know but don't want to admit. Well either way your case is beyond redemption, aja to ma sonu...

Phranex:


In scenario 1

It is 35% of 9k

In scenario 2

Also 35% of 9k

I see a loss of 650 tho

That's a good sign, gradually waking up

This Phranex get Agidi. He sounded like my friend into bike business.

You don't even know all the risk associated with your okada business. All you are good at is formulating hypothesis and pressing calculator.

Good luck jare. I want to see how your drivers uniform will look like sef

Phranex:


In scenario 1

It is 35% of 9k

In scenario 2

Also 35% of 9k

I see a loss of 650 tho

In Scenario 1, no dishonesty, NET is N10,000.

True, tho relative.

1899Milan:


True, tho relative.

And

In Scenario 1, there is no dishonesty, NET is N10000.

Net can not be 10k

Revenue is 10200

Gross is 10000

Driver requested for 1k

Net becomes 10 minus 1

Meanwhile in the dishonest scenario the loss is 350

In scenario 2 if driver doesn't use the 1k. It means he has 11200 as cash.. He only gives me back my initial 1k and subtracts 200 as fuel

Thus making us share 10k instead of 9k.

The loss is 350. Although he might look like he has the full 1k but its 350 he gains

deedee44:

That's a good sign, gradually waking up

I'm human. No system is fool proof. I will recalculate

darmilolah:
This Phranex get Agidi. He sounded like my friend into bike business.

You don't even know all the risk associated with your okada business. All you are good at is formulating hypothesis and pressing calculator.

Good luck jare. I want to see how your drivers uniform will look like sef

I know the risk in bike biz which is why I want to start uber.

Phranex:


Net can not be 10k

Revenue is 10200

Gross is 10000

Driver requested for 1k

Net becomes 10 minus 1

Meanwhile in the dishonest scenario the loss is 350

In scenario 2 if driver doesn't use the 1k. It means he has 11200 as cash.. He only gives me back my initial 1k and subtracts 200 as fuel

Thus making us share 10k instead of 9k.

The loss is 350. Although he might look like he has the full 1k but its 350 he gains

Lol...you're truly a programmer...you're processing Scenario 1 as part of the initial statement/condition/declaration:

"Consider this:
Driver Requested N1000 to fix something and you provided it.

At day end, GROSS is N10,200
*** Hypothetically speaking, N200 covers fuel and other miscs.

Going by your model, that N1000 is further subtracted from the Gross which now leaves N9,000 as NET" .

Scenario 1 is an instance where the Driver is honest, meaning no fraudulent request.

And

No, he won't give you back the 1k, your argument since has been that you will remove the expenses from the earnings and then split the NET.

Oga dis is simple mathematics. He buys fuel 3k and tells u 4k.

He makes 10k gross profit.
10k -4k= 6k net profit.
35% of 6k = 2100.
Total money driver makes = 2100+1000= 3100
While u make 3900.

If he tells u d truth.
10k- 3k= 7k
35% of 7k= 2450

Total money driver makes is 2450 compared to 3100 he made lieing to u.

He calls dat the mechanic needs 5k, u forward 5k to him, he pays mechanic 3k and locket 2k.

At the end of the day, he makes 10k and u deduct 5k. U give him 35% of 5k which is 1750. He happily collects it knowing dat he has made 2k making a total of 3750.

On the other hand u as d supposedly smart investor only makes 65% of 5k which is 3250. Oga who is smarter


Bro, u will always be at the recieving end. Even transport companies cannot fully monitor der drivers. Der drivers still carry passengers on the road.

Phranex:



Let's say driver buy fuel 3k but tells me 4k


At the end of the he makes 10k (bad day)
10 -4 =6

The driver and I will share 6k .. He gets 2100 (35%)

He tells me the truth

10 - 3 = 7

The driver and I share 7k.. He gets 2450




Who loses if he lies, tell me?

Remember all expenses comes back to the investor as running costs... So from the 10k, the investor has expenses plus 65% of net profit


The driver loses if he lies....

If he tells me he spent xyz for repairs.. Whatever he earns , that xyz amount will be first deducted before we share the profit

E.g

He calls that the car broke down and mechanic needs 5k . I will transfer 5k to him.. He made 10k at the end of the day... What we will share as profit is 5k.. The 5k I sent will have to be deducted from the 10k...


This model is fool proof...

I will have to do some further permutations to be doubly sure tho

deedee44:

You lose, Brutality!
If driver lies he gets 2100 from you + 1000 he gained from lying, that's 3100 compared to 2450 if he tells you the truth.
Now you See the level of your smartness? Common driver outsmarted you

And while trying to be smart you also feel everybody here is a driver except u, you've not even bought one car and you've called people with fleet of cars drivers because they tried to correct you, not so smart afterall

This is what have been looking for since this guy outline his points. Well-done bro. I wanted to go through all comments before I reply him in his flop. He never see this because tbe faculty of his mind has been darken with greediness & enslavement. It's better to let him be.

I am an Uber driver, I need a car. Call me 09078177465

I am an Uber driver, I need a car. pls Call me 09078177465

Guys please oohh u wanna ask

U knw uber has 3 options that
Allows one to register

i. As a driver
ii. As a vehicle owner that wants to drive his vehicle
iii. Your Vehicle if you don't want to drive.

So d {iii} is it that the person will hand over the vehicle to uber totally and sign an agreement with them or wat??

Cos av not been seeing anyone tlk abt that lately

Phranex:


Your mathematics is flawed.

That 1k was deducted from the total earnings as expenses.

He said 4k for fuel.. Total earnings is 10k

He actually bought 3k.. So he kept 1k abi..

When we want to share the 10..

We minus 4k which the actual 3k for fuel plus the 1k with him as expenses.

We now share 6k... He didn't cheat me.. He played a fast one on himself. If he likes he says the bought fuel for 7k whereas he bought fuel of 1k.. Remember he is buying fuel from my money... He has to pay the amount he used to buy fuel before we share profit.

10 minus 7 is 3

Is 3k we will share... He might have 6k with him but he gave me back the 6k as expenses.. Lol.. Not so smart after all....

It will be very nice doing business with this over-sabi guy. For instance, if the driver tells you he bought fuel 3k & mechanic replaced a part & workmanship for 6k total 9k & u forwarded the cash to him whereas in a real sense he never replace any part, he just fooled you b cos of ur over-sabi. At the end of the week day he brought 10k to the table for sharing. You decided to deduct 9k for expenses and share 1k. If I were the driver, I will say, Oga don't worry to give me anything since there is no much profit. Now let me ask you a question, assuming you borrow that money used as expenses (3k+6k) from someone and you pay back, you are left with just 1k and the driver had pocket 6k. Now who loose? Maybe because you're thinking the money deducted for expenses is going back to your pocket & the amount used for example is not much, that's why you never realized you're losing BIG time. Wake up bro

Since the day before yesterday on this Phranex matter.

He has a model, let him use it and if it works for him, fine.

I just wonder why he is trying so hard to convince everyone else.

Make nobody try answer am again and this nonsense stops.

Gentlelife50:

Baba kuku focus on the okada business naa

yes o. Okada business is the way. Let him focus on dat.
Na this kind person my niece dey call "over sabi house husband" their gra gra level dey high.
But i have an advice for him; if you believe in something, do it! Just do it.

Nah wah o...

Nothing drivers eyes no go see finish for the biznez...

They called us many names, tagged us lazy and criminally minded individuals...

They rubbed bakery biznez and selling bobo and bigi coke on our face in the name of "side hustle"

Lemme not even start with problems we face with riders...

...and here is another person that wants to put us in uniforms...and chains.

I'm waiting for the smart investor that'll come and insert micro chip in our skull so as to manage us well...

Nonsense!

Please guys. I need a number of a rewire around ajah. Thanks it's urgent

1899Milan:
Phranex, you can't be "brainstorming" yet shitting on opinions.

A dishonest driver will earn more but so will you, tho smaller (% Measure).

Consider this:
Driver Requested N1000 to fix something and you provided it.

At day end, GROSS is N10,200
*** Hypothetically speaking, N200 covers fuel and other miscs.

Going by your model, that N1000 is further subtracted from the Gross which now leaves N9,000 as NET

Driver Earns 35%

Scenario 1 (No Dishonesty)
N10,000 NET
Driver gets 3500 and you 6500.

Scenario 2 (Dishonesty)
Driver doesn't use the N1000 he gets from you, thats an extra in his own pocket.
Going by the new NET of N9000, he gets his 35%, N3150 and you N5850.

Driver:
N3150 + the N1000 with him before = N4150

You:
N5850 + N1000 removed from gross (depending on how you look at it) = N6,850.

Summary:
In Scenario 1, everything worked out normal.
However, in Scenario 2, driver earns an extra N650 and you, N350.

Scenario 2, driver earns an extra N650 and you -N650

Ask me how.

You can't ADD N1000 to yourself cos you took the N1000 from your pocket and not from the money earned to get to the driver
Else

Account won't be balanced

Hold on, lemme let me balance your account. On scenario 2. Driver N4150 + you N6850 = N11,000
Therefore your account is not balance to N10,000


Balancing my scenario 2. Driver N4150 + you 5850 = N10,000. Therefore. You loose d N1,000 to dishonest driver and lost N650 extra from the earning to him. Simple.

Call your accountant, he can explain better

Phranex:


In scenario 1

It is 35% of 9k

In scenario 2

Also 35% of 9k

I see a loss of 650 tho

Oga check will.

Scenario 1 is 35% of 10,000

And your re right.

You will get a loss of 650. Simple. So it favours driver more

Phranex:


Net can not be 10k

Revenue is 10200

Gross is 10000

Driver requested for 1k

Net becomes 10 minus 1

Meanwhile in the dishonest scenario the loss is 350

In scenario 2 if driver doesn't use the 1k. It means he has 11200 as cash.. He only gives me back my initial 1k and subtracts 200 as fuel

Thus making us share 10k instead of 9k.

The loss is 350. Although he might look like he has the full 1k but its 350 he gains

In scenario 1, A driver didn't ask for 1k... Bro, abeg u go sch?
In scenario 2. A driver won't be so dumb to tell you that he didn't not use the 1k, so you share 9k

Tgiirl:


Scenario 2, driver earns an extra N650 and you -N650

Ask me how.

You can't ADD N1000 to yourself cos you took the N1000 from your pocket and not from the money earned to get to the driver

The truth is

I now see some losses from a dishonest driver.

No system is fool proof.

Don't blame me for my model


I can't invest 2.2 million and break even after 24 months

There has to be a way out.


What if I have my mechanic and auto part dealer.
Driver calls that theres a fault

I call my mechanic to go check it.

The mechanic tells me the part to be replaced.

I call my auto parts guy and send one of my bike men to go get the part. This bike man locates the mechanic and gets the old part and gives him the new part..


Too long abi

Its an organized business with division of labour

Besides, any business man who wants to make profit must be organized

Now the issue of fuel... this will be difficult


As for toll gate.. That's easy

styveke:
Nah wah o...

Nothing drivers eyes no go see finish for the biznez...

They called us many names, tagged us lazy and criminally minded individuals...

They rubbed bakery biznez and selling bobo and bigi coke on our face in the name of "side hustle"

Lemme not even start with problems we face with riders...

...and here is another person that wants to put us in uniforms...and chains.

I'm waiting for the smart investor that'll come and insert micro chip in our skull so as to manage us well...

Nonsense!

Lol... Funny guy

I have no beef with u. The system is just bad

Tgiirl:


Scenario 2, driver earns an extra N650 and you -N650

Ask me how.

You can't ADD N1000 to yourself cos you took the N1000 from your pocket and not from the money earned to get to the driver
Else

Account won't be balanced

Hold on, lemme let me balance your account. On scenario 2. Driver N4150 + you N6850 = N11,000
Therefore your account is not balance to N10,000


Balancing my scenario 2. Driver N4150 + you 5850 = N10,000. Therefore. You loose d N1,000 to dishonest driver and lost N650 extra from the earning to him. Simple.

Call your accountant, he can explain better

I understand you perfectly, that's why in one of my replies, i indicated the loss as being relative....essentially, how one looks at it.
My bad anyway for not covering all grounds.

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Phranex:


In scenario 1

It is 35% of 9k

In scenario 2

Also 35% of 9k

I see a loss of 650 tho

You never see anything... Wait until you buy the car and put it on Uber/Taxify with your model