Tips to Start a Construction Business Using Rental

Tips to Start a Construction Business Using Rental

As a new business owner, a main goal of yours is to control your expenses and not overextend yourself. You may already have a few machines in your fleet or none at all — which is where renting solutions come into play. Relying on heavy machinery rentals is a cost-effective way to build a foundation for your company. In many cases, it isn’t feasible, or smart, to own all the equipment you need in the beginning. Renting allows you to operate a variety of units to give you a competitive advantage as a start-up business.

With an inventory ranging from compaction and concrete to earthmoving and roadwork engines, The Cat® Rental Store can meet all your requirements. We will show you how to use rental equipment to start a business and what the advantages of renting are.

Take On More Opportunities With Rentals

One of your primary focuses is to get your operations off the ground. Instead of blowing all your money on buying equipment, rental agreements open the door for versatility. Whether you need one unit or an entire fleet, renting provides you the right access and adaptability to commit to a range of projects. Having the opportunity to respond quickly to contracts that fit your niche can place your levels of efficiency above others.

As an upcoming business, you can also embrace rentals as an economic advantage. It’s less financial commitment and added flexibility to help you get more done — and when you’re starting, every moment counts toward your overall success. Your plan ensures you pay for only what you need. The worst situation to happen is buying new or used engines that have more idle time than performance. It’s a waste of time and money for all parties.

You can even plan a production schedule based on your tailored rental agreement and upcoming developments. Having control over your labor and time costs allows you to customize your exact expectations.

Partnering with your local dealer also gives you the chance to work with multifaceted machines. As you work to build a personal fleet over time, outsourcing your equipment requirements to the professionals gives you an open-ended inventory with no commitment. Your agency is available to support your work and help set everything up before implementing your first year of projects. As you take on new opportunities, you need the best supplier to back up your jobs.

Benefits of Renting Equipment

If you’re a business owner, fleet operator or manager, you know versatility is vital in keeping up with the changing market. It’s also key if you want to build a well-rounded company that’s ready for any situation. As opportunities arise in your new line of work, renting won’t limit you to a single fleet of equipment. Instead, you can take on any task with complete access to the specific machines you need. The top six advantages of renting when starting a construction business include:

1. Avoiding an Upfront Cost

Buying new machines comes with a high initial cost, while renting allows you to work with equipment by the week, month or year. If you want more flexibility in which equipment you use, you can save money by renting and allocate your budget to other assets. Rentals give you the flexibility to pay for units as you go.

Once you build up your business, think about buying equipment only if you plan on using a particular machine more than 70% of the time. Otherwise, long-term rentals are your best bet.

2. Buying to Rent

If buying is your end objective, the best way to see what make and model machine best suits your application is a hands-on experience. Renting gives you the freedom to get a feel for how the engine operates. You can also evaluate factors such as hydraulics, ergonomics, fuel economy and others. You and your operators can switch between different brands to see which one is better for the work you do. Testing these various options can help you make a decision.

3. Reducing Maintenance and Repairs

Instead of investing your time and money into regular maintenance and repairs, the mechanics from your dealer will take care of everything. You don’t have to invest in mechanics, parts, licenses or overhauls. Without having to worry about upkeep and repairs, you can focus on other job logistics as a new business. Your dealers can complete work onsite or in their workshop, so you don’t have to agonize over transportation.

4. Filling an Instantaneous Requirement

Starting a new business venture often leaves you with a minimal selection of equipment. Even if you have a few machines on hand, what happens when you need a large number of units to complete a project? Renting gives you the right machine for any task as soon as you need it. Once you complete your payments and finish a job, return the equipment without an overhanging commitment.

5. Gaining a Competitive Advantage

Most fleets of rental units have integrated technology to help boost the output and efficiency of any industry. Working with advanced models with various capabilities puts you one step ahead of your competitors. Equipment technology can support data analysis, operator safety, remote work and other functions.

6. Sidestepping Storage Expenses

As a start-up company, you may not have adequate space or finances to store equipment. Renting allows you to keep the machine at your jobsite and return it afterward. Some dealers may also provide an alternative solution to keep the machine protected from the elements. It takes a substantial amount of money to maintain a warehouse, covers and other factors that may not be worth it at the start.

Responding to the demands of your new business is a crucial foundation that can set the tone for the remainder of your operations. By trusting a streamlined rental program, you can save money and focus on building your company one project at a time.

The Convenience of Partnering With The Cat® Rental Store

Combining expertise and understanding with our range of equipment and networking abilities, The Cat Rental Store is here to provide a simplified rental process. As a new business owner, you need reliable solutions and convenient rental agreements. Our specialists offer onsite and online support while delivering the latest tech for every rental unit.

Browse our Cat machines, work tool and equipment from more than 70 leading brands or request a quote online to learn how The Cat Rental Store supports new construction businesses.

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