Wazua
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Uber as an Investment
Rank: New-farer Joined: 6/26/2013 Posts: 15
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streetwise wrote:Just like a kiosk, its a do it yourself business I couldn't agree more
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Rank: Elder Joined: 10/3/2008 Posts: 4,058 Location: Gwitu
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KNM wrote:Uber is very convenient, of that there is no doubt. But as an investment....erm...
My problem is, why would I get into an arrangement where I own almost all the liabilities. Car(depreciating asset), fuel, insurance, service(recurrent expenses) maybe a loan(interest).
Even if I am getting a bigger chunk of the revenue, I am also bearing the weight of not only more costs but the costs with greatest variability.
Stay out of business because that is the case with 99% of business ventures. Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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KNM wrote:Uber is very convenient, of that there is no doubt. But as an investment....erm...
My problem is, why would I get into an arrangement where I own almost all the liabilities. Car(depreciating asset), fuel, insurance, service(recurrent expenses) maybe a loan(interest).
Even if I am getting a bigger chunk of the revenue, I am also bearing the weight of not only more costs but the costs with greatest variability.
Because the taxi app companies assure you of business and transparency
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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A car in Uber nets over 60k a month. Half decent if you ask me, and that's with a hired driver Foresight..
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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streetwise wrote:Just like a kiosk, its a do it yourself business No its not. There are people with fleets in uber Foresight..
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Rank: New-farer Joined: 3/12/2014 Posts: 96
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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+
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Rank: Member Joined: 7/23/2009 Posts: 526
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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. Accept no one's definition of your life; define your life.
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Rank: Member Joined: 8/15/2015 Posts: 817
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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!
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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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.
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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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. "Things that matter most must never be at the mercy of things that matter least." Goethe
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