Updated: Aug 11, 2019
Washington, D.C. — In the last few years, it can be said that the shared-economy is the new unsung hero of self-funded startup businesses. And just as the 1990 Grammy Award Winning song Wind Beneath My Wings performed by Bette Midler became the unsung heroes anthem sung at graduations and funerals, shared-based services such as rideshare is the wing beneath a startups wings.
Individuals who start driving for a rideshare service to help supplement their income have also realized the opportunity to start a new business. “I drive for Lyft to help supplement my income as I am currently building a digital public relations firm,” says MStreetPR Founder Juan Torrico. “I started driving for Lyft a few months ago when my car broke down. I needed a car to get to work, and Lyft’s Express Drive rental program with Hertz was perfect for my current situation. Driving for a rideshare program has opened up new opportunities for me, including starting a new business.”
Rideshare entrepreneurs such as Devin Lindquist Founder of Pro-Voice uses the rideshare model in the Portland, Oregon market to help fund his voiceover business. He has met tremendous success with several opportunities that have opened up along the way. Devin has even taken advantage of an SBA program that helped him purchase a new luxury vehicle to increase his business in the Select/Lux markets.
Like in any business there are risks and downfall to driving for Lyft and Uber, and freelance writer Jame Lang talks about it in his article Lyft and Uber Are the Worst Ways to Fund Your Startup. In his article published on GrowMap.com, he warns wannabe entrepreneurs of the downfall of using a rideshare model to fund a new startup.
Though James Lang makes a lot of good points in his article, there is one advantage to driving for a rideshare company: cash flow. Cash flow is the lifeblood of a business and vital for startups.
If you are interested in driving for a rideshare company to supplement your income or start a new business, please click on the link to join Lyft’s program.
About MStreetPR Group
MStreetPR Group is a boutique social public relations firm and the voice of local business leaders. We believe that local businesses and organizations are the lifeblood of the community. And through our business news blog MStreetPR.com and Social Public Relations services, our clients can promote and advocate their product, service or cause to the public. MStreetPR Group is a J.C.Torrico Company.
About Lyft Lyft was founded in 2012 by Logan Green and John Zimmer to improve people's lives with the world's best transportation, and is available to 96 percent of the United States population as well as select cities in Canada. As the only rideshare company to offset carbon emissions from all rides, Lyft is committed to effecting positive change for our cities, and promoting transportation equity through shared rides, electric bikes and scooters, and public transit partnerships.
Full Disclosure: The owner of MStreetPR is a Lyft driver. (Last Updated 8/11/2019)