Leveraging Shared Economy Models: A Rental System for Small Enterprises

Leveraging Shared Economy Models: A Rental System for Small Enterprises

SAAVAN P. ASODARIA, AKASH K. SAROJ, GAURAV KULKARNI

ITM SLS BARODA UNIVERSITY
BTECH CSE
VADODARA,INDIA

SAVANASONDARIYA@GMAIL.COM

AKASHSAROJ853@GMAIL.COM

HOD.CSE@ITMBU.AC.IN

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Abstract - 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: Shared Economy, Rental Systems, Small Enterprises, Cost Efficiency, Resource Utilization