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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM43435
Volume:
9 |
3 |
Mar 2025
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
The shared economy model has transformed industries such as transportation (Uber) and hospitality (Airbnb) by enabling access to resources without ownership. However, small enterprises often struggle with acquiring essential equipment, workspace, and tools due to financial constraints. This paper explores how shared economy principles can be leveraged to develop a rental system tailored for small businesses, allowing them to access necessary resources at reduced costs. Through a mixed-methods approach involving case studies and financial analysis, this research evaluates the feasibility, benefits, and challenges of implementing a rental-based economy for small enterprises. Findings indicate that adopting a shared economy rental model significantly reduces initial capital investment, enhances operational flexibility, and promotes sustainability. However, challenges such as trust issues, logistics, and regulatory concerns must be addressed for effective implementation. This study contributes to the growing discourse on alternative business models for small enterprises and provides insights into the potential of a structured rental system to boost economic growth and entrepreneurship. Future research should focus on technology-driven rental platforms and policy frameworks to support shared economy adoption in small business ecosystems.
KEYWORDS
Publication Date
3/31/2025
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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