Why I haven’t started Uber

Sometimes clients and Taxi Profits Inner Circle Members ask me: Tom, why haven’t you started Uber? To which my answer is: you do realize that Uber has been in business since 2009 and they haven’t made a penny of net profit, right? That’s where the questions usually end. In case you don’t know,  Read more »

The reason Wal-Mart has grey floors

A few days ago I’ve sent you an article about a new taxi-hailing app company that started operating in Boston. Its name is Fasten. There only one thing how it’s different from Uber, Lyft and such: instead of charging drivers a %% of rides like Uber and Lyft do, Fasten charges driver is only $1 […] Read more »

$100,000 taxi ride

A lot of guys in our business know only one way to compete – based on price. Here is something that you need to understand about prices: if I were to tell you that I want to sell you a brand new Rolls Royce car for $5,000, you would immediately think that it is some […] Read more »

About taxi fares, money and feeling guilty

According to multiple market research, in any given category only 10% of people buy solely based on price. It means that 90% of the people buy on criteria other than price. Yet most taxi business owners are convinced that their customers are cheapskates. Most taxi business owners behave as if their customers have only one […] Read more »

The AIPAD Photography Show Lessons

The AIPAD Photography Show New York, one of the most important international photography art events, was presented by The Association of International Photography Art Dealers (AIPAD) on March 29 – April 1, 2012. More than 75 of the world’s leading photography art galleries presented a wide range of museum-quality work, including contemporary, modern and nineteenth-century […] Read more »

The Importance Of Price

The first snowstorm we had in New York in 2009 was couple days before Christmas. And when I say “snowstorm” – I mean it! We had 16 inches of snow! As any other sane person, I didn’t want to drive my rear-wheel drive Lincoln in it. Also, as pretty much everybody else, I had things […] Read more »