Hello guys I need advice on this Uber biz am trying to start my own..i need info on the route to take and I Pls Add me to any Uber group so I can know how to start...07032990076

You still won't learn.

In the quest for trying to checkmate everything u will still fall short. That same mechanic will play games with your driver and they will make money out of u. You sound like someone who will be very stingy and trust me, there are some things u just have to let go. Letting go doesn't make you weak. You can't do everything by yourself except your dreams are short. There are reasons why things are delegated to subordinates (I believe next u would say after this pointer is, u would go to the market yourself to buy the missing or bad parts). There are some dues to be paid that's inevitable when it comes to business and if u really wanna go far as a business man then you have to create a conducive structure for whosoever will work for you.
I was once a Personal Assistant to a Chief Executive Officer of a construction company and I did the 9-5 stuff for more than 6years, so when it comes to managing business, I can categorically tell you I have an experience in that. When the structure isnt conducive, that's when your Production manager and Head of Quality Control would team up to look for a way to exploit the company, that's when your marketers would prefer to go home and rest instead of putting more hours to work.

With the present rate (fare), an investor can't break-even within a year (depends on the amount invested), maybe your modality would have worked when Uber was still uber, when people were easily cashing out 200k weekly but even at that, u would still be shortchanged, it's once again inevitable.

Phranex:


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

Dovehorizon:
You still won't learn.

In the quest for trying to checkmate everything u will still fall short. That same mechanic will play games with your driver and they will make money out of u. You sound like someone who will be very stingy and trust me, there are some things u just have to let go. Letting go doesn't make you weak. You can't do everything by yourself except your dreams are short. There are reasons why things are delegated to subordinates (I believe next u would say after this pointer is, u would go to the market yourself to buy the missing or bad parts). There are some dues to be paid that's inevitable when it comes to business and if u really wanna go far as a business man then you have to create a conducive structure for whosoever will work for you.
I was once a Personal Assistant to a Chief Executive Officer of a construction company and I did the 9-5 stuff for more than 6years, so when it comes to managing business, I can categorically tell you I have an experience in that. When the structure isnt conducive, that's when your Production manager and Head of Quality Control would team up to look for a way to exploit the company, that's when your marketers would prefer to go home and rest instead of putting more hours to work.

With the present rate (fare), an investor can't break-even within a year (depends on the amount invested), maybe your modality would have worked when Uber was still uber, when people were easily cashing out 200k weekly but even at that, u would still be shortchanged, it's once again inevitable.

What if I get a Nigerian used car for less than a million . can I break even within a year using the current model?
Actually the fact the driver is the boss is what is annoying me.

Imagine a tenant playing boss in a rented apartment

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 was about typing this,, you're an accountant...

I hope it will be literally understand, requires accounting knowledge n reasoning

Phranex:


What if I get a Nigerian used car for less than a million . can I break even within a year using the current model?
Actually the fact the driver is the boss is what is annoying me.

Imagine a tenant playing boss in a rented apartment

Which part of "This your model won't work" do U not understand?

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

Salutations everyone, I'm not into uber, always peep in to read comments. This comment caught my attention!

quote author=Phranex post=71424661]


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

The driver loses if he lies....[/quote]
Well I'm not saying its good to lie, but you forgot he already shortchanged you of 1k, so if you add the 1k to his 2100 that gives him 3,100

Phranex:


What if I get a Nigerian used car for less than a million . can I break even within a year using the current model?
Actually the fact the driver is the boss is what is annoying me.

Imagine a tenant playing boss in a rented apartment

With this your last comment u will loose big time in most businesses.

I have told u before that u are suffering from "too much book" syndrome. In businesses, there is a big gulf between whats on paper and what eventually happens.

You still have alot to learn. A whole lot.

[Qquote author=styveke post=71455399]


Which part of "This your model won't work" do U not understand?[/quote]

I was talking about the 30k model weekly there

Phranex:
[Qquote author=styveke post=71455399]


Which part of "This your model won't work" do U not understand?

I was talking about the 30k model weekly there

The 30k weekly remittance model is still more sustainable than the model you are trying force down our throats.

Na wah ok so Pharell Abi Phranex came to sing New Model music and the group has not known peace for like 2 days.He is not ready to start this model for another 3-6 months why are you people drinking panadol for another man headache sebi we have seen many narratives here and they came to give us feedback after they tried it out so please let him be.if he gets to start he will see things for himself although I pity him Becos if simple fuel calculation he could not see that Driver has made more without calculating the 1k wey dey back pocket then him journey just begin and I wish him well.sebi one IT guy came here last week to challenge Uber n Taxify and said drivers should earn all their money and pay monthly rental on his platform let us keep observing na...meanwhile abeg I need person wey go help me weld corolla brainbox where I fit find one or is it important to have it done...

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

Oga please go back to your primary and secondary schools to get a refund. You've been ripped off.

Phranex:


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

That's just it

radautoworks:


Left Houston Thursday. Was missing from UPS

Abeg hope Toyota T-IV ATF sef follow?

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....

Please go back to your higher institution [if you attended any] and demand your 4 or 5 years tuition fees. Do quick!!!

deedee44:

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...

Kii n gbo fere Olöde

Today I requested taxify for my boss. ..offline. I asked the guy how much going to three destinations at Ikoyi and later VGC for 4 hours. He said 8k. I quickly agreed.
Was that 8k okay? Undercharged or normal?

Meanwhile a car rental company we called requestes for 30k...for 4hrs. Jesus.

Phranex:


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

Fuel is the easy bit, just get a Total fuel card.
You'll still get got though.
As you said, nothing is fool proof.



Let me ask you this, are you intentionally miscalculating to your own self, or you truly don't know?
You invest 2.2 million and break even after a year, not 2 as you say.
Here it is
At 30k per week, 52 weeks = 1,560,000
Of course you can not run 52 weeks in a year and there will be costs.
So let's remove 500,000 for downtime and repairs.
That gives us an income of is 1,060,000 after 1 year.
Add this to the value of your car after 1 year after adjusting for depreciation and inflation. Let us say your 2.2 million Naira car is now valued at 1.7m
1,700,000+1,060,000=2,760,000
On an initial capital of about 2.4m (not 2.2m because of registration, insurance costs etc)
You have a profit of 2,760,000-2,400,000
= 360,000 after 52 weeks.
So you are breaking even between weeks 40-45.
Everything approximated.

Chuwaa:
Today I requested taxify for my boss. ..offline. I asked the guy how much going to three destinations at Ikoyi and later VGC for 4 hours. He said 8k. I quickly agreed.
Was that 8k okay? Undercharged or normal?

Meanwhile a car rental company we called requestes for 30k...for 4hrs. Jesus.

From where; pickup n drop off

The 'reddest' mainland today

taxiappguy:


Fuel is the easy bit, just get a Total fuel card.
You'll still get got though.
As you said, nothing is fool proof.



Let me ask you this, are you intentionally miscalculating to your own self, or you truly don't know?
You invest 2.2 million and break even after a year, not 2 as you say.
Here it is
At 30k per week, 52 weeks = 1,560,000
Of course you can not run 52 weeks in a year and there will be costs.
So let's remove 500,000 for downtime and repairs.
That gives us an income of is 1,060,000 after 1 year.
Add this to the value of your car after 1 year after adjusting for depreciation and inflation. Let us say your 2.2 million Naira car is now valued at 1.7m
1,700,000+1,060,000=2,760,000
On an initial capital of about 2.4m (not 2.2m because of registration, insurance costs etc)
You have a profit of 2,760,000-2,400,000
= 360,000 after 52 weeks.
So you are breaking even between weeks 40-45.
Everything approximated.

You didn't factor in repairs.

Although, I see some lapses in my model. I will recalculate. I may not get it the first time but im certain it will be worth it..


Just like I read in one of gazuzz comment, drivers might be taking shifts in the future. They will have a park where they resume for duty like a normal work place. If I wish I could make mine a real business with manager of which I will be the first manager.


Uber itself disrupted the car hailing business model.

Regardless of these comments here. I will try out my model with minimal risk with hope of failing in the first 2 months... I will learn from those months.

Key personnels related to car

Driver... All he does is drive
Mechanic.. All he does is check faults and replace parts
Parts dealer. .. All he does is give parts to an errand boy.
Errand boy... One of my bike men...

Fuel... Fuel card as someone suggested.


The driver has no business paying for anything.
His job is to drive and receive money from riders.

Every morning, he comes to my office to get the car and goes straight to the filling station. He doesn't pay the attendant cos the manager and I have had an understanding....



At the end of the day, he drives the car back to my office.

My mechanic and I would have had an understanding. He has a flat service fee regardless of the cars fault.

If a part needs replacement, I call all of auto parts dealers (will have like 5) to confirm an estimate of the price of the part to be replaced.

Upon confirmation, I will send one of my bike men to get the part from the dealer. When the biker man is there and has received the parts. I will transfer the money to the dealer.

The bike man takes the new part to the mechanic. The mechanic fixes it and finds me. I give him his agreed flat rate as well as transport fare.

I will try this..


If I fail, I will know why I failed.

Please let me fail. I will however continually post updates and feedbacks

Tgiirl:


From where; pickup n drop off

From Glover to Awolowo to Dolphin back to Falomo Catholic church for 1 he service, then to VGC, from 4 to 8pm

Today I found out why it is called Dolphin Estate. WATER everywhere. Hope my car wakes up tomorrow

Chairmen I hail o! Abeg I'm not getting direct deposit from Uber? I filled all the details but still. Please help me.

Phranex:


You didn't factor in repairs.

Although, I see some lapses in my model. I will recalculate. I may not get it the first time but im certain it will be worth it..


Just like I read in one of gazuzz comment, drivers might be taking shifts in the future. They will have a park where they resume for duty like a normal work place. If I wish I could make mine a real business with manager of which I will be the first manager.


Uber itself disrupted the car hailing business model.

Regardless of these comments here. I will try out my model with minimal risk with hope of failing in the first 2 months... I will learn from those months.

Key personnels related to car

Driver... All he does is drive
Mechanic.. All he does is check faults and replace parts
Parts dealer. .. All he does is give parts to an errand boy.
Errand boy... One of my bike men...

Fuel... Fuel card as someone suggested.


The driver has no business paying for anything.
His job is to drive and receive money from riders.

Every morning, he comes to my office to get the car and goes straight to the filling station. He doesn't pay the attendant cos the manager and I have had an understanding....



At the end of the day, he drives the car back to my office.

My mechanic and I would have had an understanding. He has a flat service fee regardless of the cars fault.

If a part needs replacement, I call all of auto parts dealers (will have like 5) to confirm an estimate of the price of the part to be replaced.

Upon confirmation, I will send one of my bike men to get the part from the dealer. When the biker man is there and has received the parts. I will transfer the money to the dealer.

The bike man takes the new part to the mechanic. The mechanic fixes it and finds me. I give him his agreed flat rate as well as transport fare.

I will try this..


If I fail, I will know why I failed.

Please let me fail. I will however continually post updates and feedbacks

Have you read about Marx Theory of alienation?

Phranex:


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

Guy, na you go tire! It will get to a point your mechanic go tell you story say he's busy. Na only you he dey serve? He go even tell the driver make he look for mechanic nearby and later tell you amount after he don bargain with the driver (extra cash on top the money for the driver for covering up).

It is not a must you do this business if you are not okay with the model. That model of yours won't work even if you get a manager/tracker/special mechanic/special fuel station name it some people will just frustrate life out of you for trying to be smart. A dishonest driver will always find ways/means to byepass/outsmart whatever strategy/measure you put in place.

Now that you are defending your model upandan, let me ask you this question ...
... Have you taken time to ask yourself what are the disadvantages of this model? Abi the thing go just dey go smoothly like that without any wahala.

Above all, a trial of your model will surely convince you. So, go ahead with it don't bother to argue or defend it here it is dead on arrival.
#nocrimeintrying

Another thing to keep us busy, the era of oil ushered in the era of phanex and his theory.

Did I hear him say drivers will come to pick vehicles every morning?
This one pass slavery ooo, well he never wanted drivers to be in charge because he don't want to be Tennant wey pass landlord. Isorait wee shall see.

Jomandi13:
Hello forum members,
I am expecting a 2007 Honda Accord from the US. in two months time,will be willing to use it for Uber/Taxify.I want to know if there are any current changes in policy on vehicle registration on Uber/Taxify. What are the Maintenance challenges on the vehicle.Your candid advice will be appreciated,thanks.
Cc:-
Gazzuzz
Tgirl
Iyaegin
dru
Carshopper etc.

I can only speak from experience... in terms of the accord 07 to me I was told it was not strong enough for uber type wrk ...but it is ok for personal usage ...so instead I got an 04 civic. Which is very rugged and easy to fix ...the civic is low compare to other cars, but I have no regrets at all ...as a matter of fact I plan to get a civic 05 down the line.... Since u are going to be driving the car urself for uber ,it should be fine... just make sure u use the right oil filter, and coolant ...all these things are very important.. It will reduce your time spend on nairaland looking for a diagnosis online... a lot of people that are seeking online diagnosis are doing so due to lack of proper maintenance of their car ...I just shake my head at times.. Take care of the car and in return it will take care of you..
On uber regeneration part about vehicles, I don't think much has changed... and also elantra is also a good car to look into ,I have few of them.. I have a new respect for elantra from the 07 to 10.. Good cars and rugged.. If they can survive the uber abuse, am sure they can survive personal usage ... and sorry for the late response, have been busy selling my USA Mobil 1 synthetic oil ... goodluck

jayooh:


Abeg hope Toyota T-IV ATF sef follow?

No one ordered it so I didn't bring it in.

chloride6:


Have you read about Marx Theory of alienation?

No..

Ochima75:
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

It seem everyone is doing mathematics and ROI calculation.

Doing the (iii) means you enlist/register your car on Uber and recruit a driver using Uber marketplace or here. Uber doesn't interfere in your relationship with your driver-partner. All they want is your car.

Phranex:


You didn't factor in repairs.

Although, I see some lapses in my model. I will recalculate. I may not get it the first time but im certain it will be worth it..


Just like I read in one of gazuzz comment, drivers might be taking shifts in the future. They will have a park where they resume for duty like a normal work place. If I wish I could make mine a real business with manager of which I will be the first manager.


Uber itself disrupted the car hailing business model.

Regardless of these comments here. I will try out my model with minimal risk with hope of failing in the first 2 months... I will learn from those months.

Key personnels related to car

Driver... All he does is drive
Mechanic.. All he does is check faults and replace parts
Parts dealer. .. All he does is give parts to an errand boy.
Errand boy... One of my bike men...

Fuel... Fuel card as someone suggested.


The driver has no business paying for anything.
His job is to drive and receive money from riders.

Every morning, he comes to my office to get the car and goes straight to the filling station. He doesn't pay the attendant cos the manager and I have had an understanding....



At the end of the day, he drives the car back to my office.

My mechanic and I would have had an understanding. He has a flat service fee regardless of the cars fault.

If a part needs replacement, I call all of auto parts dealers (will have like 5) to confirm an estimate of the price of the part to be replaced.

Upon confirmation, I will send one of my bike men to get the part from the dealer. When the biker man is there and has received the parts. I will transfer the money to the dealer.

The bike man takes the new part to the mechanic. The mechanic fixes it and finds me. I give him his agreed flat rate as well as transport fare.

I will try this..


If I fail, I will know why I failed.

Please let me fail. I will however continually post updates and feedbacks

I haven't read everything, infact I didn't read the genesis of this new idea but I like your energy, determination and commitment.

It is not easy to come up with a system, so I say kudos to you for your new developed system.

Whether it will work or not, is entirely a new challenge but you need to test all your hypothesis, get feedback, improve your system and continuously learn during the course of implementing your new idea.

It's a welcome development but would it scale?

I like business idea that's scalable? Talk about economy of scale and volume?

If it takes too much energy to manage a single drive, what would it take to manage a fleet of drivers.

If I have 10 cars in the system, it means I have to recruit other personnel to manage some aspect of the new system? That to me is unnecessary additional cost?

Let stop talking about assumption? Give me real figures and let us do comparative analysis vis-in-vis current system.

Let this your new idea be test run and come back to do a comprehensive comparative analysis?

Godspeed.