The Benefits Of The Sharing Economy - 1105 Words

The sharing economy is a developing, remarkably flexible economic network that allows people to borrow or rent assets, such as machinery, services, and skills, with one another. The sharing economy is utilized most often when the price of the resource in question is exceptionally high due to the fact that these resources will be shared at a significantly lower cost than retail arrangements. And although humans have shared the use of resources with one another for thousands of years, the growth of the Internet and services that utilize the Internet has made it easier for the owners of assets and those seeking out those assets to find each other. This sharing economy as allowed individuals to make a profit from their underused assets. Now,†¦show more content†¦The resources can range from unused printers, to desks currently not in use, and even parking spaces. These unused assets cost your company money, so it is in your best interest to become involved the sharing economic ne twork to make money on the side. Another massive benefit that Mint.com would obtain from today’s economy of sharing is saving on equipment that the company only occasionally needs. For example, if Mint.com has only one client that still uses a fax machine to communicate, it is in your best interest as CEO to rent out a fax machine from another company for a specific amount of time, rather than buying one outright. A third advantage to gain from the sharing economy is that it is now easier to borrow money for growth. If Mint.com has a shortage of investors, it will be very hard for the company to do what it wants. As CEO, it is your job to mitigate risks for Mint.com. Borrowing money from banks can be extremely risky, due to the fact that if the business eventually fails the money still needs to be repaid. However, the world of the sharing economy has made it easier for small business to raise capital for growth. An option that Mint.com now has is getting involved in crowdfund ing websites, such as Kickstarter or Indiegogo, that have been growing in prominence. These websites make it easy for small businesses to ask consumers for capital, rather than applying and qualifying for a traditional bank loan that has a chance of falling through. WhileShow MoreRelatedBenefits Of The Sharing Economy Across The Globe2258 Words   |  10 Pagesabout the costs and benefits of the sharing economy across the globe. Much of the debate was focused on the fact that allowing people to share and use existing resources would be harsh for businesses everywhere. Not only businesses would be affected, but it will also undermine the much needed development in local communities and to a larger extent it will have a negative effect on people’s income and government taxes which, if left unopposed can be catastrophic for the overall economy. Most recently,Read MoreThe Cost Benefits Of The Sharing Economy Across The Globe2125 Words   |  9 Pagesabout the cost-benefits anal ysis of the sharing economy across the globe. Much of the debate was focused on the fact that allowing people to share and use existing resources would be merciless for business everywhere. Not only businesses would be affected, but it will also undermine the much needed development in local communities and to a larger extent it will have a negative effect on people’s income and government taxes which, if left unopposed can be catastrophic for the overall economy. Most recentlyRead MoreThe Based Sharing Economy Is The Community Based Online Services For A New Door For The Whole World1000 Words   |  4 PagesTechnology- based sharing economy is the community-based online services that sharing the access to goods and services based on peer-to-peer mode (Hamari, Sjà ¶klint Ukkonen, 2015). The widespread of mobile tablets and advanced payment ways motivate the advent of the technology-based sharing economy like Airbnb and Uber. The sharing economy nowadays is just a reengineered consumption model consists of old processes and digital technologies (Sundararajan, 2013). In other words, digital technologiesRead MoreA Report On Car Sharing Vehicles915 Words   |  4 Pagesto problems such as uninsured driving. 8. Car-Sharing Impacts: with fewer pollutants and use less fuel [momo_car-sharing_f03_environmental_impacts_en] 8.1. Environmental Car-Sharing vehicles are better than when everyone use his/her own car because it is good in fuel efficiency and in emission levels are on the road faster in Car-Sharing vehicles than in private cars. 8.2. Benefits There are many benefits to use card-sharing: †¢ Each Car-Sharing vehicle replaces at least four to eight personalRead MoreThe Sharing Economy : Based On Uber Case1555 Words   |  7 PagesThe Sharing Economy has been one of the most popular words recently and companies like Uber, Airbnb as well as more startups are still sprawling all over the world. Yet, what is Sharing economy? What happens to the Sharing Economy? And upon that, most arguably, what are pros and cons of it? What shall we do? Towering amount of article have only one definition and few side of perspective. The Article instead summarize Allen’s research (2014) on sharing economy and efforts by Franzetti, A. 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All this corporate efficiency lowers prices for consumers and raises profits for stockholdersRead MoreIs It A Single Fundamental Value? Essay889 Words   |  4 Pages Introduction: Welcome to the sharing economy where you can have everything, but own nothing. It may sound like a riddle, but the developing industry is built on a single fundamental value: trust. As soon as people are able to walk and talk, they are faced with decisions regarding trust. A child shares toys with another child trusting it will be returned in the same condition. A teenager shares secrets with a friend, trusting it will be kept a secret. Adults are riding in cars with strangers trustingRead MoreTransportation Sharing : Relay Rides, Lyft, Uber Accommodation Sharing1025 Words   |  5 PagesClassification Transportation sharing – Relay rides, Lyft, Uber Accommodation sharing – AirBnB, Hotel Tonight Clothing and accessories sharing – Yerdle, Rent the runway Task sharing – Task Rabbit View on Sharing Economy The writer has delivered his thoughts on the concept of SHARING ECONOMY based on an insider’s view who has been actively involved with the multiple business platforms created as part of the sharing economy. The pros and cons as a business owner in a sharing economy have been displayed and