Advantages v problems

18 March 2008

Starting a rental business as an individual has inherent problems, but also has advantages. Use the advantages to overcome the problems as much as possible.

Advantages

• Ability to make decisions instantaneously on any issue.

• No layers of management, thus a high percentage of directly productive staff.

• No preset company image, or format to comply with.

• Flexibility to approach any possibility or problem.

Problems

• Lack of capital.

• Reduced ability to borrow capital, or finance purchases.

• Cash flow, which will be initially be negative as new equipment is purchased for new clients.

Latest News
Navigating sustainability in the equipment rental industry
ERA handbook offers insights into sustainability challenges
Hochtief subsidiary wins second Melbourne Airport construction package
CPB, part of Hochtief-owned CIMIC Group, has won a second construction package for work at Melbourne Airport
Himoinsa reports growth in European revenue
Almost half now comes from the region