Did you know that on average, only 40% of small businesses are profitable? 30% just about break even, and a further 30% are continually losing money.
One of the most common reasons that small businesses fail is a lack of adequate cash flow. Large upfront costs and unforeseen payments can cause havoc with things are tight.
Heating is one such example. If you buy your own equipment, you have a big upfront payment, but may also have unexpected repair or maintenance costs that can ruin your cashflow. The good news is that there is another option.
Read on as we take a look some of the key reasons why heater rental makes sense for a small business.
As a small business, every penny counts.
You really don’t want to have to use up a chunk of your cash reserves investing in a heating system, but you still need heating. Renting is the perfect way to remove those upfront payments and spread the cost into manageable chunks.
Not only that, but you also remove any additional repair and maintenance costs that are an inevitable part of owning your own heating system. As a small business, renting your heating equipment can be the more cost-effective option.
Another key benefit of heater rental for businesses is that it helps you to keep on top of your cashflow.
When you own your own heating equipment, you know how much you’re going to pay upfront, but any costs after that are guesswork at best. You never know when you’ll be hit with a repair or maintenance bill, and how much that bill is going to be. It makes predicting your cashflow almost impossible.
With heater rental, you have a monthly fixed cost that isn’t going to change. It means you don’t have to worry about holding money in reserve for emergencies, and can put in back into your business instead.
One of the biggest issues with buying a heater is that once you’ve paid out all that money for it, you need to take good care of it.
That means scheduling regular maintenance or booking repairs when things go wrong. If you don’t bother, your system won’t last nearly as long as it should.
Renting a heater takes all of those problems out of your hands. You don’t need to worry about maintenance and repairs; the company that you’re renting from will take care of all of that for you. It’s one less job to worry about when you’re trying to focus on making your small business a success.
If you own your own heating system and something goes wrong, you won’t have any heating until the problem gets fixed. This could potentially mean that your business has to stop operating temporarily.
First, you’ll need to get someone to come in and find the cause of the problem. Then they might need to source the parts you need. You could lose days of work whilst your heating is getting fixed.
When you rent a heater, if something goes wrong, you simply call the company you rent it from, and they’ll be straight out to fix the problem or replace the faulty heater. It means your downtime is dramatically reduced, and your business won’t lose money unnecessarily.
All big businesses started off as small businesses. Huge business such as Apple and Amazon started life in garages.
As a small business, one of your biggest aims is to get your business to grow. The trouble is, if you succeed, you may find that your heating system is no longer adequate for your needs. You’ll need to pay more money upfront for a new system to cope with your increased needs.
Then your business grows again, and you have to repeat the whole process. Or maybe you hit harder times and suddenly your heating system is too big for your requirements.
When you rent heaters, you have the ability to rent exactly what you need for your business; no more, no less. As your business grows, you can rent a bigger system to cope, without having to shell out for a new system.
Also, Check – Tried and Tested Business Expansion Strategies
Another key benefit of renting heaters is that it offers you much greater flexibility.
Maybe you want a specific type and capacity of the heater, but then circumstances change, and you need something a little different. If you bought the first system, you either have to sell it and reinvest, or suck it up and live with the original choice.
When you’re renting, you can change the size, type, and a number of heaters you’re renting as and when you please. It makes you and your business much more flexible.
One of the less obvious benefits of heater rental for your small business is that it gives you access to expertise.
If you’re starting a business, you may not have the first clue about what type or size of heater you’re going to need. You can spend hours falling down a rabbit hole of research trying to learn everything from scratch.
If you’re renting, however, then the company you’re renting from will have all the expertise you could ever need. They’ll be able to advise you on the right rental heater for your exact needs. As your business grows, you’ll be able to call on that expertise again when it’s time to upgrade.
Are You Thinking About Heater Rental for Your Business?
If heater rental seems like the right fit for your small business, then we’re here to help.
We offer a wide range of electric heaters that can meet almost any size heating need. Whether you’re looking for portable electric heaters or combination hot water rental boilers connected to an air handler, we’ve got you covered. We also offer chiller rental, cooling towers, heat exchangers, boiler rentals, generators, and more.
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