An ultimate guide on how to solve the chicken & egg problem for your taxi business
The advent of the taxi-aggregator apps like Uber, Lyft, and Ola has led to total disruption in the transportation sector.
Moreover, their increased popularity has lured many entrepreneurs to have a shot at developing their own taxi booking system.
Perhaps, this is the reason why we are witnessing a steep rise in the number of app-based taxi services. But do all of them succeed?
One of the major reasons why these services fail is because of their inability to solve the chicken and egg problem.
So, are we talking about the age-old question of whether the chicken came first or the egg? No, here we are talking about the chicken and egg problem in business. Let’s understand what it means.
Moreover, their increased popularity has lured many entrepreneurs to have a shot at developing their own taxi booking system.
Perhaps, this is the reason why we are witnessing a steep rise in the number of app-based taxi services. But do all of them succeed?
One of the major reasons why these services fail is because of their inability to solve the chicken and egg problem.
So, are we talking about the age-old question of whether the chicken came first or the egg? No, here we are talking about the chicken and egg problem in business. Let’s understand what it means.
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