So I had $1,159 come in from Uber $67 from Lyft. I have my $110 and fixed costs and $315 in variable costs. That means the profitability that comes to me is 801.
That’s what I withdraw out of that account at the end of the week to pay myself.
And for those of you who are an accountant, and you’d like to see a T account, if you’re not in the world of accounting, this makes probably a little, no sense, but it’s called a T account. The debits are on the left and the credits are on the right. So $1,227 went into that account. $801 went to me. $82 went to the supercharger.
$25, went to New York state for the tolls in $16. Went to Panera. Leaves a ending balance of $302.
Coach CarlCarl Lawrence AKA Coach Carl Private Investigator Extraordinaire has been in the transportation industry for over 20 years. I was driving cab in New York City before Uber was ever a thought.
As technology changes, we all have to change with all the new innovations that are occurring every day. So with technology, it is time to bring all Cab/Rideshare drivers under one roof. With numbers there is power. So let's drive into the future together...
Coach Carl
