Are you considering the idea of starting your own construction company? Watch the YouTube video ” The ins and outs of equipment rental” to get a feel for what’s happening on the market. As a business owner, you might think owning your construction equipment is the way to go, but things are shifting in this market as more and more millennials enter the industry. There is a significant shift towards renting equipment as opposed to buying.
Ownership Versus Rental
Most construction companies will start by renting their equipment before taking the leap and investing money in ownership. However, this is an archaic business model, and millennials are shaping the way forward.
Construction equipment is expensive, and it comes with the cost of maintenance and repairs. For many new business owners, there is a lot more benefit to renting equipment. It includes all areas of the business on-site, from equipment to facilities such as portable toilets.
Renting equipment is a straightforward process. The same applies to a porta potty rental in Green Bay. It’s also a straightforward process. Your service provider will deliver your units to the site and maintain them for the project’s duration. The service provider removes the toilets after project completion. Your business only has to focus on managing labor. It’s a much leaner business model that cuts costs all around.