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Presented by Hazel Sia Welcome On Board
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Pink Taxi Part 1: Introduction – What & Why Part 2: The Concept - How will the service be delivered? Part 3: The Plan - How do we start? Part 4: The Numbers - Making it profitable and sustainable Part 5: What is Next?
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Part 1: What is Pink Taxi? Why Pink Taxi? To be renamed later
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Pink Taxi: By women, for women
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References Iran – private company head by a male Dubai – government initiative Turkey – fleet of BMWs only for richer women Tunisia South Africa Thailand (Bangkok) UK – “Pink Taxi”, private Moscow – a few “women-only” taxi companies Japan – “Grace taxi”, subsidiary of corporation, also for bed-ridden seniors Alternatives – “women- only” buses in Mexico, trains in Japan
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Taxi Industry Taxi is an essential part of public transportation Taxi also reflects a city’s reputation Some cities boast of the best Taxi services: New York, London, Hong Kong & Singapore Sep, 2008 AFP carried an article that rated our taxis as the worst among 23 countries surveyed.
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Quick View PopulationNo. of TaxiTrips/day NYC8.4 mil10,000 LON7.5 mil 20,000 (excluding private hire) HKG7 mil18,000 1.2 mil (50 trips/ taxi) SIN4.5 mil24,000 960,000 (40 trips/ taxi) KUL6.5 mil
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3 Reasons why we need an alternative: 1.Lack of reliable, convenient public transport network 2.Current taxis are a challenge for female passengers 3.Owning a car is no better – where money, time and safety are concern
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1. Existing Public Transport Less than 18% Malaysians take public transport (bus/taxi/LRT)– so many have to drive even when they could not quite afford it Inconvenient, lack of integration, congestion Not cost-effective nor time-efficient Impractical for multiple destinations
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2. Current Taxis No taxi when you need it Many taxis but refuse to go where you want to go Over-charging, not using meter Uneasy with some conversations Safety – especially when travelling alone or at night
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3. Car Ownership MONEY : car hire purchase, road tax, insurance, maintenance, expenses for petrol, toll, parking, even traffic summons. (yet car is used <20% of the time) TIME: lost productivity due to traffic jams, searching for car parks, rushing for multiple errands.. All adding stress to a woman’s life SAFETY: lack of sense of security on the road, highways, car parks, petrol station..etc.
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Stakeholders/ Beneficiaries: Women: As Passengers: A needed service Safer commute As Drivers/staff: Employment Empowerment Government: Supplement public transport Employment for people Benchmark new standards for taxi industry Less congestion in city Men: Taking care of women they care (mothers, wives, daughters..etc) Better use of family resources – time, space, money
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Stakeholders/ Beneficiaries: Kids/ Teens/ College students: Alternative to school bus Safe commute with Flexibility of time Seniors/ Handicap: Regular hospital check-up is easy Routine dialysis Pre-defined destination reduces stress of travel Tourists/ Biz Executives Travel with peace- of-mind Esp. for lone female travelers
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Blue Ocean? We are not talking about competition with taxi Pink Taxi is a “private hire” … that gives women another alternative to travel SAFELY, CONVENIENTLY & COMFORTABLY Driven by women, for women, children and seniors only (may be some female tourists) Serves only registered members Premium charges and pre-paid
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Opportunities for other supporting businesses PINK TAXI WORKSHOPCAR WASHTRAININGINSURANCE TECHNOLOGY PROVIDER
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Part 2: The Concept – How will the service be delivered?
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Concept Safe Reliable & Comfortable Commute for women, children & seniors 1 3 2
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1. Safe Every driver & every member is registered (no unknown persons) Use of technologies to ensure all journeys are recorded GPS/ Panic Button/ Tracking Cars are fixed with special alarm, siren No/ minimal cash to discourage robbery
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2. Reliable Available 24/7, anytime, anyday and anywhere within Klang Valley Pre-booked – by call, SMS or online Clear pricing – no surprises Pre-paid – no hassle Always clean, neat and in excellent working condition “Car rental with driver included”
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3. Comfortable “Wings on Wheels” Relax while travelling (sleep, read, chat) Amenities (umbrella, sewing kit, personal toiletries, multi- chargers, plug point) Stress-free “Door-to-door” commute (no need to look for parking)
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Critical Success Factors PINK TAXI The Vehicle The Driver The Passengers Service
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1. The Vehicle Smart Use of Technology (MDT): GPS/ Tracking Cashless Payment Taxi meter Communications Membership Loyalty Program Optimal Road Worthiness: Pre-Ride Checks First Aid Safety Features Panic Call Siren/ Strobe? Customized for comfort & convenience: Mobile work space Pillows/ blankets Reading lights + plug points Mirror/ cupholder LED Screen for Advertising income
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2. The Driver/ Captain Soft Skills: Customer Service Well-groomed Uniformed Bilingual Provide guidance/ Advice when necessary Technical Skills: Driving skills Route Familiarization Defensive Driving Basic Safety & Fire-fighting Screened for Safety: Registered Trained Clean background Mature, confident Full Time Flexi Time Competent. Committed. Caring.
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… Your personal “ captain ”…
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3. The Passengers Loyalty Program: Mileage Special privileges, discounts…etc Safety: Registered with Annual Fees I/C, next-of-kin, address, caller ID Members Card Prepaid Fares M/ Statement, if needed Categories: Working Executives College Students Shoppers Seniors Handicap Kids/ teens Tourists Nite Life Women
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4. The SERVICE Step 3: Deduct Fare on arrival (MDT) Step 2: Show Members Card (MDT) Step 1: Call SMS Online Register as Member + Pre-paid Card
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Special Touches Safety: Pax to wait in safe place, captain will call upon arrival; Pax will be dropped off Only in bright Safe area; Convenience: Multiple-trips “Outsource errands” Pre-booked for daily commute to work/ regular trips Comfort: Pax to rest/relax Extra time to work/read Beauty sleep in traffic jams
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… Value Add: When resources are available, eg when advertising revenues allow, may set up a “Members Lounge” – for members to wait safely, in comfort and maximize waiting time, when “pink taxi” are held up or temporary all hired out. Exclusive. Privilege.
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When resources are available, may set up a “Members Lounge” – for members to wait safely, in comfort and maximize waiting time, when “pink taxi” are held up or temporary all hired out.
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What next? Evolve Car Sharing Expand to other cities Integrate with other taxis “Being Space” PINK TAXI
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Part 3: How do we start?
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The Plans BUSINESS PLAN MARKETING PLAN EXECUTION PLAN
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Vision To build an innovative and profitable transport company, to enable women to commute safely, conveniently and comfortably, while providing rewarding, flexible work for other women.
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Resources Needed Core Management Teams – operations and marketing tasks Investors – funding & loans Regulators – grants and licenses Technology providers Associates – workshops, car dealers Press – to get new members
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Authorities To give green light/ licenses; To provide grants/ loans Look for women who need work – single mothers, unemployed graduates, handicapped..etc Some privileges – open space, lanes use, road tax
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Investors Public/ Private/ Organizations/ Venture capitalists Provide start-up funds; IPO Planning – Exit strategy
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Associates Car manufacturers Bankers Insurance brokers Lawyers Workshop – full range Car wash
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Individuals Leaders – core management team Trainers – technical/ soft skills Lawyers/ Accountants Call Centre agents Captains! Marketing genius
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EXIT Plan 1.Business model – “taxi rental” or transport company? 2.Government-owned, private or JV? 3.Sell to bigger transport corporations
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Thank You! Presented by Hazel Sia 012-2148178 hazel@mycomsolutions.com October 2008
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