Many boutique event rental business owners strive to have beautiful open-air light-filled warehouses with inspiring shelves, wow-moments for their clients, and eye-candy everywhere you look. Growing rental businesses must balance this desire, however, with the need for efficiency, safety, and savvy use of space. Read more
Published in Biz Operations.
Wherever they are when they realize they’re ready for a system to keep track of it all, one hurdle can be just putting together a list of all of their items. Read more
Published in Biz Operations.
The number one area we see event rental business lose money is in deliveries. Setting the right delivery fees plays a big role in your overall profitability. A huge factor in those calculations has to be your delivery trucks. When should you rent? When does it make sense to buy your own truck? Getting it right could make or break your event rental business. Read more
Published in Biz Operations, More, The Money.
I can't speak for everyone in the event rental industry but 2020 has been a hard year, #amiright? Read more
Published in Biz Operations, Grow Grow Grow.
The practice keeps me grounded.
In weeks when I’m down or discouraged, it helps remind me of wins and celebrations. When I’m excited about a new idea and ready to bet the farm on something untested, coming back to my five numbers reminds me that business is often about slow, steady growth rather than a meteoric rise. Read more
Published in Biz Operations.
Let’s talk about Utilization. Time Utilization and Dollar Utilization are the standardized ways we can think about the performance of your collection in your event rental business. Read more
Published in Biz Operations, More.
As an event rental business, you can’t be everything to everybody. But you can be so good at one thing that people notice. Hopefully, though, as you’ve grown and scaled your event rental business, you’ve realized that you can’t do ALL. THE. THINGS. In fact, specializing in something— becoming known for it— makes you even more successful. Having a brand identity, or catering to a particular niche can be the secret sauce that makes the difference between short term achievements and long-term sustainability. Read more
Published in Biz Operations.
In fact, the wisest way to pivot your business (whether in a time of crisis like this or even in a healthy growth cycle) is to focus on three aspects of what is currently working: your product, your audience, and your process. Read more
Published in Biz Operations, Grow Grow Grow, More.
During this COVID-19 Pandemic, our hearts are going out to all of our event rental industry clients and friends. We all are feeling the effects of the novel Coronavirus and hope that you are healthy and safe. Read more
Published in Biz Operations.
As the number of event postponements and cancellations increase in response to recommendations by the CDC as well as local, state, and national governments for the next several weeks and months, we know many in the event rental industry are enormously impacted. Read more
Published in Biz Operations.