LSA - How to get started

Getting started with Leveraged and Shared Assets requires a systematic approach that involves identifying assets, assessing their criticality, and transitioning from ownership to renting. By following these steps, organizations can streamline their operations, optimize resource allocation, and improve financial stability. Here’s a guide on how to get started with LSA:

1. List the Assets for Renting: Begin by identifying the assets that your organization currently owns but could be rented instead. This includes tangible assets such as equipment, vehicles, or office space, as well as intangible assets like intellectual property or data. Consider the feasibility of renting these assets to other organizations, potentially transforming your organization into an “Edge ExO” platform that offers these assets for shared use.

2. Assess Criticality to MTP: Next, sort the identified assets based on their criticality to your MTP. Evaluate how essential each asset is in directly supporting your core operations and strategic objectives. Classify them according to their level of importance, with the least critical assets being prioritized for disposal and renting alternatives.

3. Dispose of Least Critical Assets: Starting with the least critical assets, take steps to dispose of them and transition to a rental model. This could involve selling or divesting the assets and establishing partnerships or contracts with rental providers or shared asset platforms. By offloading these assets, your organization can reduce maintenance and management costs, unlock capital, and optimize resource utilization.

4. Benefit from a Cleaner Balance Sheet: As you transition from asset ownership to renting, you can enjoy the benefits of a cleaner balance sheet. By eliminating non-critical assets from your ownership, your organization becomes leaner and more agile. This streamlined approach helps improve financial stability, reduces the risk of asset depreciation, and allows for greater flexibility in resource allocation. A cleaner balance sheet provides peace of mind and positions your organization for increased efficiency and future growth.

What is the ultimate purpose of leveraging and sharing assets? To gather as many tools as possible to maximize the Engagement of your Community, Crowd, and other stakeholders. That is the subject of the next chapter.

Key Resources/Links where you can learn more - Why Decentralized Innovation Is Critical - Summary of the Israeli sharing community Shareitt - How Amazon Web Services Got Started - Amazon.com: The Upstarts: How Uber, Airbnb, and the Killer Companies of the New Silicon Valley Are Changing the World eBook : Stone, Brad - Leveraged Assets - ExO Insight