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Failed Uber For X Businesses: Failures That Should Be Acknowledged

Failed Uber For X Businesses: Failures That Should Be Acknowledged

Are you planning to start with a multi service-based business? If yes then it’s a perfect startup, to begin with. Providing Uber for x multiple services through one platform is a great business to do. However, it requires a lot of potential like a major investment, robust financial plans as well as better business plan too. In this business, the owner offers varieties of on demand services that are provided through on demand app. The offered services can be any or multiple, well it depends on the business owner that how many services he or she wanted to offer to their customers. Business startups like taxi services, online grocery store, food delivery, courier delivery and other similar on demand services can be provided through Uber for x startups model.

However, if not handled with care, it can even cost you a lot. Businesses are not a much easy thing to do. There are many business startups that went failed and their foundation was Uber for X script. You should take a look at the cases of the companies that went down by their own mistakes.

Uber for X startups

Consider not to follow the same path as these brands did with Uber for X script

HomeJoy

HomeJoy business was a house cleaning marketplace company that allow independent service providers as well as freelance labors to offer home cleaning service through HomeJoy’s Uber for X platform. After receiving their first funding amount of over $35 million, the company rapidly expanded in more than 30 cities. In just six months, HomeJoy was expanded in 30 cities but this expansion was not by the profit that they gained. It was done by the funding that they received by the investors.

Very soon, due to the lack of professional home cleaners, the company went in the loss and resulted in the permanent shutting of the doors.

Exec

Exec was also a service marketplace.  Here the freelancers were allowed to provide their services of all kind. Well, their first mistake was offering too many services. But, the service providers were unavailable to help out the service seekers. The offered services were many but due to the lack of service providers, the company lost a lot.

Second, the company even faced some technical issues that created a problem with their Uber for X business model. Now, this failure made them lost everything that was left with them. In 2014, the Exec was taken over by HandyBook which was their competitor.

Tutorspree

It was a tutor providing company that provide teachers on various subjects. Their business model was the medium between the teachers and the students. Their business was successful at first not on the basis of their services, just for their content and website structure. Further, the company only focused on their ranking rather than the services. Soon Tutorspree faces too much loss and the result was the permanent closing of the doors.

Final Verdict

Whether the business is small or big, you will have to keep the balance in every part of your business. Focusing too much on one section can create a big loss. Consider owning a better Uber for X script and start your business in a genuine way.

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