Essay about Is Zipcar A High Potential Venture

“Lyft is all about taking cars off the road via ridesharing. This is NOT merely a cool new use of technology to efficiently onboard and route more cars, cabs, town cars and limos. Lyft wants to use technology to get everyone who currently owns a car to join a trusted information network to share rides.” – Scott Weis, 2013

year 2 is $23.64 or $33.64. In each case the market expects the firm to earn 10%

I am writing to you to help with your petition in allowing companies like Uber and Lyft to come back to Austin. Before you go out to convince the people of Austin, you should have some basic understanding of how people will more than likely perceive this petition and how they will be effected by it. The general rule to know is that people are selective in the way they experience things. I will tell you in what ways they are selective and how you can get the most amount of people to react positively to your petition.

Through the video, I have learned that Uber is not the first one come up the idea of sharing cars. Jitney has applied this idea over 100 years ago, and it was created or invented by LP Draper. He saw people stand in a long line waiting for trolleys to take them to where they want to go, and he came up an idea, why not put a sign on the car that takes people to where

Watching “SpongeBob SquarePants” as a child made me realize that owning a vehicle is vital in order to get our desire destinations safely and punctual. There were numerous occasions where I found myself dependent on others. Though there are countless of bus stops I can use for transportation, I am not comfortable riding in one. Walking is another type transportation I took for school and work. However, a rainy day impedes a travel by foot. Additionally, riding my bicycle was another way I got around. My errands require extensive transportation on a daily basis. I did not want to be a burden any further. Luckily, I discovered Uber. I am pleased and relieved that I have discovered a reliable way to get to my destinations at a reasonable price.

A ratio analysis has been performed on Berry’s Bug Blasters using data from the financial statements from the last two years. Ratios can provide clues to underlying conditions that may not be apparent from

Zipcar needs additional funding if it hopes to survive and expand. In order to gain additional funding they would have to bring in there best arguements to why they should be funded by outside investors. On pages 1 and 11 it states that Chase needs to work on a pitch that will get investors to invest. In other words, she needs to look at revising the current business model so investors will want to buy in.

The editor’s assert that with these innovations fewer crashes would occur, thus thousands of lives will be saved per year and traffic would flow better. They go on to say the other benefits would be gaining lost hours stuck in traffic, easier ride sharing programs, and more organized parking.

Automakers are using car-sharing programs to simply offer a stress free alternative to car ownership. They enable drivers to use a car without the financial burdens. They also provide flexibility to the customer based the client’s need at the time. For those who cannot afford an automobile, Car-sharing service can offer flexibility of usage and also allows opportunities for customers to avoid late return fees by extending reservations, as when the driver might be stuck in a traffic jam and not be able to get the vehicle back on time. Unlike carpooling, car sharing gives me the independence to drive wherever and whenever I want, at a tiny fraction of the cost of owning a car. However like any other program car-sharing have disadvantages. The program is an affordable and reliable service, but that is part of the reason why it has many disadvantages such as the dealership running out of stock and competition from other companies who have initiated the program. The lower cost of the service could cause people to stop using their own vehicles and use car sharing instead. The car share companies are not growing fast enough to accommodate the sudden interest in the service could also prove to be a disadvantage. This options also allow clients to reserve vehicles unfortunately some people reserve them knowing they may not need it. This means that vehicles remain locked to people who genuinely need the services.

Benefits: Communications both internally and externally with dealers and partners have been radically improved. Information is now hosted centrally on a web-based portal, allowing all parties to access real time, up to date information at any time.

“Zipcar is a company that puts different, rentable cars on college campuses. To rent a car from a normal car rental you have to be over 25, which most college kids are not. Zipcar allows students under 25 to rent their cars, for a price” (Naor). So how could we improve, or go off of Zipcar’s business model to be more accessible for students? The big stinger with Zipcar is the price. It’s an hourly rate, plus a membership fee, that most times college students can’t afford. For small trips it’s a useful tool, but for longer trips, say the six-hour drive home, it will end up costing more than the never-ending bus ride. It also doesn’t let you leave the state, so for someone like me, an out of state student, this leads you to another dead

| For every $1 in assets, the company generates 10.8 cents net income-in accounting terms, which gives us a return of 10.8% and is considered highly effective in such business

It is the latter, however, that will determine the company’s long-term ability to remain competitive. Currently, the software that Zipcar is using is certainly innovative but simply not complex enough to create several years of lead. Whilst obtaining a patent on the technology will usually protect it for 20 years, there is no guarantee that this will deter competitors from entering the market if prospects appear to be lucrative; nor will it impede them, particularly given the potential competitors of car rental agencies and car manufacturers, both of whom have the resources to develop a competing, if not more sophisticated, technology. Given these concerns, Chase will want to consider allocating $300,000 removing any technology risk from the current “wave” and driving a third wave that focuses on innovation and creation of unique attributes that can be associated specifically with Zipcar cars.

In consequent, they have limit cash to pay for daily operating costs that get higher every day and they would finally have to go out of the business. Second, there is challenge of finding convenient parking lots for its vehicles especially in densely populated cities such as New York and London. A start-up business may find it difficult to anticipate cost of parking. Moreover, there are different preferences of car in different markets. It is hard for a start-up company to meet every need of the consumers. Finally, the limitation of technology makes it hard for a start-up company to catch up with the big players in the market. It’s probably because of the limited capital and inability to access to such innovation. With advanced technology, the big players can easily operate their businesses and provides much convenience more than a start-up company, which results in a great distance between them to catch up with. Such first mover as Zipcar can avoid uncertainties by creating barrier to entry, avoid lockingin to inappropriate models, and have minimal upfront costs. They focused positioning of the Zipcar brand and clear communication of its value proposition. Moreover, they emphasize on the high quality service and consistent performance. Although Zipcar is not the first car share venture in the U.S., the company had

We live in a technology driven world, almost everyone own a smartphone today. Uber and its competitors are allowing us to use an app on our smartphone to call for a cab. When a rider request a ride, the app gives you an estimated time of when the driver will arrive. It also calculates the fare and take the money out of your account. Whoever came up with the Uber idea is genius. Uber is beneficial to both the riders and the drivers. Uber created jobs for a lot of individuals, also for people who has a job but want to make extra money can drive Uber. The riders get high quality service for a fair price. In addition, the Uber app is easy to use and to understand. Increasing the amount of cars on the road results in faster pickup time which is