NU #12: Less for the Lessee is More by T. N. Gaudi

NU #12

16 March 2013

MBAH 10-B / Entrepreneurship

Less for the Lessee is More

(New Service Idea)

By T. N. Gaudi

Current Situation

The current and traditional practice, if you want to furnish your apartment or flat or house, is that you simply choose and buy appliances and furniture at your nearest appliance and furniture center.

Problem

This, however, offers little to be desired especially if one is only doing a short-term (1 month to one year) rent on an apartment, flat, or house. It creates unnecessary expenses such as that that comes with buying new furniture and appliances, the carrying and storage costs, and the costs to liquidate and or move out those things when the time comes. 

Solution

The solution to this problem is a service that will allow the short-term lessees to rent furniture and appliances that they need only for that short duration of stay.

Benefits

One of the main benefits that this service will offer is that it will give lessees the advantage of spending less for the furniture and appliances that they'd only be needing for a month to a year or so. It will also eliminate a huge amount of costs on their part in terms of the following: carrying, storing and handling costs, delivery costs, costs to liquidate furniture and appliances, depreciation costs, and hauling and transportation costs. With all these benefits, I believe that this service will have a place in the market. 3.5