Sometimes Less is More
Don’t buy more equipment, buy smarter
Excess is relative, but occasionally we forget this. When it does happen, we opt to spend more when we could have managed with less. Scores of customers walk through our doors each and every day looking to buy equipment, which is something you won’t find us complaining about. However, what is important, is that they walk out having made a decision about their equipment purchase that won’t come back to haunt them in the near future. While a good buy at an appropriate time can help build your company, a poorly planned purchase can put you a few steps behind the competition.
Two key principles need to be observed, and you will be familiar with both: haste makes waste and less is more. Applying them both, we’ll share with you the key pointers to remember if you want to buy your equipment the smart way.
Tunnel vision has a place – it’s just not here
Focus is great when correctly applied, but when running your business, rarely does anything happen in isolation. The purchase you make today should be just as valuable to your company tomorrow. Managing a fleet involves fuel costs, maintenance, transportation, training, and the eventual wear and tear of the vehicle. It’s in your best interests to follow a purchasing plan that takes these things into consideration to avoid incurring unnecessary costs.
Buy from a reputable company
We simply cannot stress this enough – weed out the pretenders. The internet has been a gift to the buyer. All it takes is spending a few minutes online to browse reviews, compare prices, check testimonials and review company performance. The reputation of the company will certainly lower the chances of receiving shoddy products.
Leave nothing to the imagination
So you’ve chosen your preferred supplier? Congratulations! Now comes the tricky part. When you are conversing with the ever-so-charming sales team, make sure that not only do you know the objective of your purchase but they do too. They need to know exactly what you need not what they would like to sell. This will ensure you are presented with options that are suitable for your business and its requirements at that particular time.
You’ve been presented with a host of options that all seem to be EXACTLY what you need. Stop right there, take a moment and remember idle inventory will cost you – it should be avoided at all costs. If your business is not in dire need of the extra capacity, don’t overspend! Rather use these finances to help your business grow. Refer to your market research and buy your minimum viable inventory. As your business progresses, you can consider buying more.
Equally as important is finding out whether your chosen supply has a dependable stock of spare parts. This will help you avoid downtime, disruption of service and disappointed customers. The need for maintenance will arise, so make sure you have a trustworthy solution.
Don’t get too much of a good thing
We’ve already covered the crux of this matter, but it’s important to consider it from this perspective as well. It may seem convenient to buy more equipment now rather than later, however, if you have too much equipment and later find you need to get rid of some of it, it can be a hassle you don’t need. Excess unwanted equipment is a headache – an avoidable one.
Check and inspect
Still going with the purchase after following our advice? It must be worth it. Make sure to inspect and test the equipment before you leave the premises. Quality and reliability is key – you don’t want to stumble before you reach the first hurdle. The last thing you need is a nasty surprise.
Looking to buy some equipment? Talk to Truckworld Rental for a team of experts with extensive experience in the transport industry. We’re ready to assist you.