HyreCar is a peer-to-peer marketplace where owners of cars can rent their idle vehicles to drivers that want to make an additional income via ride-sharing services like Uber, and Lyft. As a two-sided marketplace, HyreCar makes money by charging drivers for direct insurance and a 10% fee on the weekly rental expense. And by taking … Continue reading How Does HyreCar Make Money? HyreCar Business Model In A Nutshell
What Is The Total Addressable Market And How To Assess It
When launching or running a business, at the question “who’s your target?” it often happens to hear answers like “everyone can use my product or service.” This implies a complete misunderstanding of the market. This can be bad for several reasons. First, it might make it harder to prioritize and focus on a few key … Continue reading What Is The Total Addressable Market And How To Assess It
The Framework To Build A Successful Two Sided Marketplace
In an essay entitled “All Markets Are Not Created Equal: 10 Factors To Consider When Evaluating Digital Marketplaces” Bill Gurley, general partner at Benchmark and early investor in Uber pointed out: A true marketplace needs natural pull on both the consumer and supplier side of the market. Aggregating suppliers is a necessary, but insufficient step on … Continue reading The Framework To Build A Successful Two Sided Marketplace
What Is OKR? The Goal Setting System To Scale Up Your Business
Back in the 1970s, Intel was among the most respected and admired companies in Silicon Valley. During that time Intel’s CEO, Andy Grove, was the man who managed to drive organizational change. Andy Grove did that via a goal setting process called OKRs or objectives and key results. Where the objective is the direction, toward … Continue reading What Is OKR? The Goal Setting System To Scale Up Your Business
7 Ways to Cut Travel Expenses to Keep A Lean Business Model
When you run a business, there will be different types of expenses related to it, and some of them are quite mandatory. However, specific business operation related costs can be controlled with proper planning and analysis. This is critical to maintaining a lean business model that can be quite profitable. The cost structure is one … Continue reading 7 Ways to Cut Travel Expenses to Keep A Lean Business Model
Snapshot: One Year Of “Business Model” Searches On Google In Review
If you ask around in Silicon Valley among the people who most contributed to the development of the tech industry many will agree on one name: Reid Hoffman. He’s been part of the PayPal Mafia who managed to build a multi-billion dollar company eventually bought by eBay. Once cashed his check from the PayPal acquisition, Reid … Continue reading Snapshot: One Year Of “Business Model” Searches On Google In Review