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Newly self-employed entrepreneurs are using ride sharing to increase their cash flow when money is tight.
FranNet consultant John Tubridy has recently noticed that many of his clients are driving Uber or Lyft to save enough money to start a business. One client, Erik Lingren, is a Menchie’s franchisee and drives Uber driver on the side for extra cash.
Between Uber and Menchie’s, Lingren figures he works roughly 50 to 65 hours a week, although he’s taken a hiatus from driving in the last few months to focus on franchise operation.
Newly self-employed entrepreneurs using ride sharing to make ends meet seems to be a trend among the clientele of FranNet, a consultant firm headquartered in Louisville that offers education and networking for those looking to open a franchise.
Not all of Tubridy’s clients are as outspoken about their new venture as Lingren.
Many are used to demanding, but lucrative, work environments. They see Uber and Lyft as a way to maintain their lifestyles, he said. “It’ll never show up on their resume but it’s something to keep the house afloat,” he said.
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About the Author
Nick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.
