Invest in Good Business Equipment: My ExperienceInvest in Good Business Equipment: My Experience


About Me

Invest in Good Business Equipment: My Experience

When I started my cabinet production business, I was lucky enough to secure a good business loan, since my credit was stellar. Although I had the cash to purchase brand-new equipment or gently used items, I wanted to save by buying very old items. I was told they had a lot of life left in them, even though their low price seemed too good to be true. I learned my lesson when important pieces kept breaking down. I even had to stop production for several days to fix an important item. I learned a huge lesson that if the price of used production equipment sounds too good to be true, it likely is. I created this blog to remind other business owners that purchasing quality equipment may cost more money upfront, but it will save you money and a huge headache in the end. I hope I can help you.

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3 Things You'll Need To Plan For When Using An Oilfield Equipment Rental Service

Renting oilfield equipment is a good way to acquire the equipment that you need to run your business without having to invest in it. Using one of these services should be pretty easy to do, but you'll need to plan and prepare. Some of the things that you'll need to plan for when using an oilfield equipment rental service are listed here.

1. The Distance of the Rental Business From Your Oilfield Work Site

For one thing, you should consider how far the rental business is located from your oilfield work site. If your business typically works on a lot of different work sites, then you may want to use different rental companies that are located near each oilfield work site. Many oilfield work sites are located in rural areas, so it might be tough to find a company that is very close. If possible, though, look for the closest rental company that you can find for convenience and reduced costs. Luckily, many of these companies are accustomed to working with customers that have oilfield work sites that are in rural areas, so this should not be too big of a problem.

2. Transportation of Equipment

Transportation of the equipment that you are renting is something you'll need to look into before you sign the rental contract. In some cases, you may need to move the equipment yourself. In many situations, though, the equipment rental service will handle the transportation part of the job for you. If possible, you might want to look for a company that will transport the equipment for you so that you don't have to worry about the cost or hassle.

3. Storage of Equipment During the Rental Period

In some cases, you might only need to rent equipment for a day. In many cases, though, you might need to rent oilfield equipment for days, weeks or even months, depending on how big your project is and how long you think it's going to take. Of course, you're going to need to figure out how to store the equipment each day. Many types of equipment can be left on your work site, although you might need to take certain steps to secure and protect it. Some types of equipment may need to be kept under a shelter or in a shop. Ask someone from the oilfield equipment rental service for advice about how to store the equipment when it's not in use.