TILING TOOLS & WORKWEAR


To ensure that, as a self-employed tiling professional, you do not reduce your bottom line with unnecessary expenses, you should purchase equipment with a guaranteed return-on-investment (ROI).


Two main areas need to be considered when investing in equipment — quality and maintenance schedules. Prioritising these factors will help you to find the right machine first time with a low risk of downtime, low cost of ownership and a high usage rate.


Buying cheaper equipment may seem like a straightforward way to reduce expenses. However, a smaller upfront cost may mean more hidden costs during its lifespan, such as downtime and expensive replacement parts.


In the long term, a significant investment in a tool or machine can help increase revenue. When looking at the upfront cost of a machine, contractors should find out its estimated life span and consider the price over that time — it may work out cheaper.


Talking to industry experts can be useful when choosing the correct tool or machine for your business. Other professionals in the same industry will have experience in purchasing and using equipment. Peers are also unbiased, so they will suggest manufacturers that sell high-quality machines.


Equipment rental companies can also advise contractors because they have had feedback from others about how equipment performs in different applications.


SPEND MONEY


TO MAKE MONEY


Kevin Boudreau, Director of Business Development at National Flooring


Equipment, explains how investing in quality tools and equipment can improve profits.


When you buy a car, would you choose a cheaper, older model, or a newer, more expensive car? The cheaper option may seem easier, but that older car may end up spending more time in a workshop than on the road. So, a smaller initial cost is not always the best choice.


There are many factors that determine the success of a business — customer satisfaction, reputation, quality of work and incoming revenue. However, to be truly successful, contractors need to improve their bottom line — the company’s income once all expenses are deducted.


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Consulting manufacturers and distributors with expertise in the field can also help with the decision-making process. A manufacturer will want to provide quality advice and equipment to support the industry.


Distributors understand that contractors need equipment that lasts and will suggest a manufacturer that has a reputation for high-quality machinery.


Buying superior machinery can improve efficiency, bringing in more revenue and increasing a company’s bottom line. Investing in this type of equipment also benefits customers, further increasing revenue.


Customers and contractors both want the job done quickly and done right first time. When you invest in quality equipment, you are also investing in your reputation and your customers.


Completing jobs with the best equipment available will reduce downtime and improve the final condition of the floor, increasing customer satisfaction. This can lead to a decrease in unnecessary costs and an increase in referrals, which will all contribute to more profit.


When you shop for a car, the initial cost does not determine its quality. Similarly, as a tiling contractor, you need to look at the long-term costs of running machinery. Choosing cheaper equipment might seem like the better option for reducing expenses and increasing profits. However, investing in quality equipment will improve your bottom line in many ways, from customer satisfaction to decreasing downtime.


nationalequipment.com/en/ www.tomorrowstileandstone.co.uk


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