There are more delivery options available than ever before. This has created a huge opportunity for insurance companies, small businesses, and aspiring business leaders to jump in on the game of delivery. But, how will it shake out? Who else is involved that could muddy the picture, for better or worse?
This Business Case Studies Blog will look at Groupon. Groupon is a discount service that offers small and large businesses alike an opportunity to offer discounts. Users purchase the deals on Groupon. From there, the company who had the discount takes over. Groupon only offers the code on their large platform.
Virtually any company can offer a deal on Groupon. Groupon displays it, but their overt responsibility ends there. Yes, Groupon has been shown to mediate arrangements, offer refunds, and general customer service. But, they are certainly the middle-men of the deal.
The result of this arrangement could be disastrous for a delivery driver. Yes, physical goods ordered at a discount from Groupon need to be physically delivered somehow. Groupon doesn’t ship. Any shipping would have to be accomplished by the company once again. Delivery drivers do not usually work for Groupon. They work for the company who offered the discount. The delivery drivers will deliver the goods as requested, but they are still somewhere under the Groupon banner. Who is at fault if an accident occurs in their motorcycle or vehicle while on a delivery? Groupon may take no fault. So, what it the small company refuses any responsibility because of either A) their own ignorance or lack of insurance or B) it was a Groupon deal.
The arrangement leaves a driver up a creek and towards a waterfall. Groupon has a fantastic service, but there are a lot of variables at play. A lawyer would recommend taking a serious look at the larger scope of the situation. The driver may be making the least amount in this deal, but they are vulnerable to the most damage. It may be worth revisiting Groupon and their delivery system to see if it can hold up from the submission of the deal to the delivery of the product.…
Unexpected situations, emergencies, and sudden opportunities are bound to happen at some point to everyone. There are a few ways to financially prepare for things that are not in the regular budget. Those with discipline are able to save money for just such occasions. It is an easy habit to get into, but so many people are living beyond their means that it is not common practice. Most people think if they cannot save a large chunk of money at once, it is not worth the effort. What they do not realize is that a little bit of savings, consistently placed into a savings account, adds up quickly. That money can be accessed at almost any automatic teller machine (ATM) in any location.
Another option is a credit card cash advance. That can be expensive because the interest rates on advances is often higher than the interest rate for direct purchases. Of course, if the credit card is at the maximum limit, that is no longer an option. Borrowing the money from a family member or friend may be an alternative for some people. That is usually not the best option because repaying the loan can cause issues in the relationship if payments are delayed for whatever reason. If you have to borrow that way, select a family member before asking a friend. Family can get angry, but they cannot stop being family. Friends can decide not to have anything to do with you over an unpaid loan. It is a high risk, depending on the nature of the friendship.
A bank loan is an option, although that is not a way to get cash immediately. The application and approval process can be lengthy. There are also many people for which a bank loan is not an option at all. That may be due to poor credit or a high debt to income ratio. Non-traditional lenders are an alternative to a bank loan. The interest rates will be considerably higher, but the application can be filled out right online, the approval process is quick, and cash is immediately available upon approval. There are a few choices for short-term loans, including payday loans, title loans, and personal or installment loans. Amounts and conditions vary and late fees and penalties can be expensive. Be sure you understand the terms and conditions of the loan before applying for one.…