The news is full of headlines proclaiming the demise of the on-demand economy. CNET has asked, Is the on-demand economy dying? Whilst The New York Times recently proclaimed, The Uber Model, It Turns Out, Doesn’t Translate, in which the article claims that we are witnessing “the end of of the on-demand dream.”
On the other hand, WIRED published an article recently reassuring consumers that, No, the on-demand economy isn’t about to implode. The article acknowledges that some on-demand startups have closed while others are being forced to rethink their business models, but on the whole the on-demand market is simply going through growing pains.
Investors and economists remain optimistic that the best businesses will endure. Those that reach a careful balance of time, money, and value of service for a critical number of people will, experts say, stick around.
At Ravelin, we believe that on-demand is a permanent shift in how goods and services are ordered and delivered. But we also believe that only the best companies will stick around to deliver them.
So how do you build one of these businesses that will ride out the initial boom and bust? How do you build a valuable network of suppliers and buyers that will be around for the long haul?
On April 27th, we will be hosting our first panel discussion dedicated to answering those questions. Sitting on our panel will be Paddy Fletcher (Yplan), Will Hughes (Paddle8.com), Alex Stephany, author of The Business of Sharing, and our very own COO Nick Lally, who was formerly the CFO at Hailo. We will be discussing topics such as:
- building and managing a network of suppliers
- how to take good payments and stop fraudy ones
- going global: the dos and don'ts of adding cities
- legislation, Brexit and the role of government