Competition (1 of 3)
I’ve been out of town without internet until now, so AUG 20 & 21 are missing, and this is AUG 23 so I have three posts to catch up with. This is 1 of 3.
As I rode to the airport in my uber car this morning, I chatted with the Seattle driver about the new law that was recently passed allowing uber and lyft cars to continue operation. I don’t want to get into a political argument or even stake a position, but the uber driver talked a lot about how it really came down to the fact that the taxi cabs did not want to compete. They just wanted the govt to restrict trade .
Regardless who is right or wrong, and which side of the law this should fall on, it brings up the idea of competition and how you can keep your business strong against other companies. The taxi business let something slip. Their customers became angry and disillusioned with what the taxi companies could provide. And when the taxi companies kind of became too big for their britches and stopped providing service and competitive prices, the taxi industry left the door open for other companies to come in and impact their business, entice their customers to switch brands, find a different solution. And instead of fighting the competition with govt regulation, they might just take a look at their business model and find a better way.