Industrial equipment hire is a great way to save money and build flexibility into your business. There are some pieces of equipment that you use every day, which will always make sense to purchase rather than hire. There are, however, plenty of other equipment items that you will be better off hiring when you need them. Here are just a few of the advantages that industrial equipment hire can offer your business:
Built-in flexibility
Not every customer job is going to need the same equipment. If you buy all of your equipment, then you will end up with a great deal of expensive equipment which sees little to no use. This equipment will need to be maintained and stored, which costs money, but the equipment isn't earning any money for you. By hiring in the equipment you need, you can be sure that you have exactly the equipment you need for each job at exactly the time you need it. You don't have to worry about long-term storage for the equipment, as you can simply return it when it is no longer required. Hiring equipment lets you quickly upscale or downscale your equipment as customer needs change. If you need to hire more staff and increase speed on a job, then you can hire more equipment to meet your needs. If a job gets put on hold for a while, then you won't have a warehouse full of expensive equipment laying idle.
Equipment hire means better equipment
Hiring your industrial equipment always gives you access to best, and latest equipment. You don't have to worry about depreciation or obsolescence. You will also have access to a far wider range of equipment than would be possible if you had to buy your equipment. You can have full confidence in your hire equipment, a professional equipment hire company will ensure that everything they hire has been fully tested. It will always be safe and in full working order, this will reduce the amount of time lost to equipment failure.
Equipment hire helps your finances
Hiring rather than buying your equipment reduces your capital expenditure, and leaves you with fewer liabilities on your company balance sheet. Not only does this mean that you have more capital free to invest elsewhere in your business, but you will have greater borrowing power with the banks if you need it. Hiring your industrial equipment is a sound business decision that will build your company on a solid foundation for future growth.
Share30 June 2017
Hello, my name is Richard and I own a medium-sized industrial unit in Sydney, Australia. I only started the business a few months ago, so I am not a professional in any sense of the word. Before I could set the business going, I had to kit out the new factory with equipment. I didn't have a clue where to source the best equipment or how to get the best deal. Thankfully, my brother-in-law is worked in manufacturing for many years. He came along with me when we viewed the equipment and got me the very best stuff. I decided to start this blog to help others who are just starting out.