Uber and Lyft could consider several strategies to avoid burning through cash. They could focus on improving operational efficiency to reduce costs. This could involve optimizing routes, reducing idle time, and leveraging technology to improve service delivery. They could also explore partnerships with other businesses to create additional revenue streams. For instance, they could partner with restaurants or retail stores to offer delivery services. Additionally, they could invest in research and development to innovate and offer new services that could attract more customers and increase revenue. Lastly, they could consider adjusting their pricing strategy to ensure they are not undercharging for their services.
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