how to choose the right equipment for new business

How to Choose the Right Equipment for a New Business

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Purchasing the right equipment is a must to start and run a successful business and normally this is done in the beginning years of a business. Whether you are going to start a construction company or agriculture business, purchasing equipment is equally challenging.

Equipment is a huge time saver, but it costs a lot as well, so making the right choice is very important. There are so many options available, depending upon the types of jobs, however, it may be extremely frustrating to find the best equipment for your new business.

It’s not just the right equipment that you should focus on, but also the right safety precautions. In this infographic originally published by BigRentz, you’ll learn about types of heavy equipment as well as best uses and safety standards.

point to consider when buying kitchen equipment

Factors to Consider When Purchasing Tools and Equipment

When it comes to heavy equipment, the Occupational and Safety Hazards Association, or OSHA, sets strict guidelines to keep operators and other field workers safe. According to the infographic, OSHA recommends not only training operators on the equipment prior to putting them to work, but also offering ongoing training as standards and equipment engineering change.

You’ll also discover some of the most important safety precautions that all on-site workers should take, such as wearing protective hard hats, filtering facepieces, body belts, and gloves. Additionally, protective footwear can save workers from a trip to the emergency room if something heavy were to fall on their feet.

If you follow these guidelines, you can use heavy equipment to increase worksite productivity and help your employees stay safe. Renting the equipment often proves the most cost-effective, and you can receive training on the precise equipment you choose.

High-quality providers offer operations manuals and other instructional literature to ensure that everyone who uses their equipment remains safe. However, you also need to know which category of equipment will work best for the project at hand. For instance, a skid steer works best for smooth or final grading jobs, and excavators prove most effective for rough grading. The infographic contains even more useful information for your business.

If your business requirements cannot be met by renting equipment and you must have to buy the equipment, you must be able to negotiate what to buy in the first years of a business. For buying the right equipment successfully you must:

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  • Do thorough market research, i.e. what you need, who is selling it, what are the available options, etc.
  • Have a purchase plan based on your research, i.e. replacement costs, troubleshooting options, training, etc.
  • Stick to your budget; get quotes from multiple vendors and try to get as much discount as you can.
  • Stay flexible; i.e. if it’s urgent and you cannot get a discount, you should have a plan B with increased funding or, buying used equipment, etc.

The Bottom Line:

Buying heavy equipment for a new business can be awfully frustrating, as it is a long term investment that involves a big chunk of money. The only way to make it a pleasant experience is to do in-depth research and move forward with a strategic plan.

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Get the latest news, resources and tips to help you and your small business succeed.

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