We took notes for you: https://www.mylittlesalesman.com/news/starting-a-heavy-equipment-rental-business
Related: The True Cost of Heavy Equipment: A Comprehensive Breakdown of Associated Costs: https://www.mylittlesalesman.com/news/costs-associated-with-buying-heavy-equipment
Episode Chapters
00:00 - Intro
01:06 - Can your area support this business?
01:24 - Can you control your expenses?
01:53 - How big should your equipment rental fleet be?
02:04 - Can your rental company adapt to the construction industry's needs?
02:22 - How will your equipment rental company nail down reliable delivery and pickup?
02:41 - Where will your equipment rental company buy your equipment?
02:55 - Are you ready to manage your fleet with data?
03:13 - How will you keep your equipment rental fleet in perfect shape?
03:31 - Do you understand your ideal rental customer's problems?
03:45 - What's the construction niche in your area you could fill?
04:02 - How will you use rental equipment depreciation to your advantage?
04:20 - How will you make sure customers LOVE you?
04:41 - How will you keep up in a competitive heavy equipment market?
05:13 - How will you adapt to a changing economy?
05:21 - Are you ready to stay on top of regulations?
05:41 - How will you predict local equipment needs?
05:57 - Have you projected your potential revenue?
06:14 - What other services could you offer?
06: 31 - Will you be flexible with rental agreements?
07:00 - How will you get the money to start this?
07:16 -How will you finance your equipment purchases long-term?
07:40 - Can you control maintenance costs without sacrificing quality?
08:04 - What's your plan for reselling used equipment?
08:30 - Outro
About My Little Salesman
Since 1958, My Little Salesman has been connecting buyers and sellers of heavy equipment, commercial vehicles, semi trucks, commercial trailers, commercial equipment, rental equipment, and much more with highly visible marketplace listings. Whether you're looking for the tools to get the job done right or you're looking to sell items, My Little Salesman can help!
Get started now: https://www.mylittlesalesman.com/