BUSINESS CORNER
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What You Need to Know Before a Major Equipment A S S O C I AT I O N I N S I D E R Purchase
SPOTLIGHT Your business is growing, and you may be struggling to keep up with demand. You might think the
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add to your fleet. If you often have equipment sitting idle, you may want to rethink an additional investment of money on more equipment. EVALUATE YOUR ABILITY TO INCREASE WORK LOAD
time is right to add to your fleet of
When you add equipment to your fleet, you have to
equipment. This is an exciting time
ensure that you have the right employees available at
in the street sweeping and paving
the right times to maximize profit on your investment. Have employees that need work? Adding to your
industry. However, before you write
fleet is probably a good idea. Only have one or two
that check or take on a loan, there
employees that can operate the equipment you
are some things you should consider
currently have on hand? It might be best to think
before making a major equipment purchase for your business. UNDERSTAND YOUR CUSTOMER
Before you started or purchased your business, no doubt you knew at least a little about your ideal customer. You probably understand your customer better now that you have been in business for a while. If you constantly find yourself spread too thin with your current equipment, struggling to meet the demands of your customers, it may very well be time to
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about the cost-benefit of adding employees or providing more training to the employees currently on the payroll. UNDERSTAND THE EQUIPMENT
Buying heavy machineries like a street sweeper or paving equipment is not like buying a new or used car. You’ll want to make sure you have answers to the following questions:
Is the Equipment Easily Serviced? Whether you have an in-house service center or you outsource your equipment service to another vendor, you’ll want to make sure that any new equipment you
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