Sharing economy

The season of sharing Labour and machinery savings between € 28 and € 57 per acre Smaller farms can gain access to more modern and larger machinery Reduce labour requirements as farms can pool resources (machinery, employees) Many businesses, including farms, face tough competition from countries...

Getting into the flow of asset-sharing Sharing under-used assets makes economic sense Returns depend on the asset type, value and times it is shared Once a company identifies assets that it can share or would like to be able to use but cannot justify the expense of buying, the most logical solution...

Renting and leasing means that you can use a product without owning it. This can be favourable, for example if you only need a certain tool once, or if it is a complex tool that needs a lot of maintenance, it is most likely a lot cheaper to rent or lease it than to buy it. By not buying an...

Sharing an asset with other companies can be done when you are not using the asset for 100%. An asset can be anything that you use to make your business run: from an oven for catering services to construction equipment, from a car to a server computer. Any business faces variations in orders and...

Changing the company business model can involve new services, products and approaches to sourcing resources and dealing with customers. The motivation could be to capitialise on a new value proposition aimed at current or new customers or to enter a totally new market niche. Some new business models...