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.
We recently put together some like-minded specialty event rental pros (who also happen to be RW Elephant loyalists) for a weekly mastermind video call. We met each week for six weeks straight and dove into a new topic each time. We hashed out what’s working and what’s not in their specialty event rental businesses. We talked logistics, sales, employees, marketing… you name it! What an exciting experience it was to hear the triumphs and challenges that they each faced, the ideas and encouragement they brought to one another, and the enthusiastic results of this new community. Read more
Published in Biz Operations, Grow Grow Grow, More, The Money.
We're all looking for a quick-fix, instant profit-generating magic bullet aren't we? You spend millions of hours working in your event rental business and sometimes it feels like you're treading water. I've got 3 things that are sure to help you grow your business. And you should start doing them today. Read more
Published in Grow Grow Grow.
We are thrilled that our first go at a Three Question Survey was so well received; lots of great survey responses AND some very positive feedback. We asked how much you pay your delivery drivers and delivery crew members. Read more
Published in The Money.
We’re getting somewhere now. We’ve figured out our truck, equipment and fuel costs. The next numbers are all about manpower. Read more
Published in The Money.
I recently had a great conversation with one of our R.W. Elephant users who owns a specialty rental business. She is growing but is finding that delivery costs are eating into her profit. Read more
Published in The Money.
You obviously started your rental business to make money. Well, I know for some of you, your motivation was more about having an excuse to buy things you like, or an opportunity to realize your dream of self-employment, or recognizing you could fill a need you saw. But at the end of the day, you started a business. Read more
Published in More.