Whether you own AV technology or not, we business owners only have a unified goal for our audiences and guests: to make a significant impact and create a deeper connection that will add value to your business.
One of the best ways to accomplish this goal is the technical aspects of your event. It’s a determining factor between success and mediocracy. Experiences that deliver impact with advanced, appropriate, and complete production technology will certainly bring value to your business.
With this, you’re going to need every competitive edge to ensure the quality of your events. And let’s be honest, the latest gear is expensive! Thus, it is a huge cutting edge for businesses to rent production equipment to utilize in their events.
Let’s breakdown the key benefits of renting production technology and AV equipment:
- Decrease Major Expenses in the Long Run
Production Equipment requires maintenance teams or consultants that are committed to the upkeep of the machines to ensure faultless operation. There are lots of different factors and aspects to be checked for technologies to preserve use and make sure they work properly: the firmware, parts that need changing, the upgrades, and even the transport are all part of the important details needed to be monitored.
Renting equipment means you’ll be free from all these hassles.
- Less Risk
A cost-effective option to be able to leverage the use of production equipment such as lighting, displays, projectors, and sound systems is through renting, instead of purchasing. Likewise, it also helps to lessen your business’s hefty expenses by spreading out the cost per use.
More than that, you will also be able to avoid long-term commitments. There are warranties to maintain, service-contract considerations to make, financing and interest rates to evaluate, and a number of other factors that make the notion of purchasing a daunting long-term commitment. Capital equipment is advantageous to have on hand and at your disposal at any time, but it comes with the responsibilities of maintenance, servicing, ultimate sale or disposal, updates, and regulatory compliance for as long as you intend to own it.
- Free from Tax Time
Another deductible expense that you would not be able to take advantage of when owning production technology is the tax rate. Major capital expenditures are considerably less financially flexible than rental payments. In certain instances, rentals are seen as project expenditures and may be eligible for tax deductions due to the nature of specific types of businesses.
- Avoid Delays
When having your own production equipment, supply issues will plague your business. Renting it on the other hand will give you access to readily available resources whenever and wherever you need them. When you have a rental agreement, delivery and pickup are on-demand for the precise time period you want. In addition, since specialists maintain and service the equipment, it is less likely to break down and waste time while a replacement is located and delivered.
- Flexible Options
Companies can adapt to specialized markets, financial volatility, and demand swings by renting equipment. It is an adaptive alternative, especially when studied in conjunction with a dependable equipment partner. Numerous factors necessitate flexibility in today’s business market, including a severe economic downturn, razor-thin profit margins, increasing regulations, market volatility, growing demand for specialized capabilities, and the general pursuit of delivering quality service, excellent products, and efficiency.
Takeaway
The range of opportunities and capabilities that renting equipment can provide you will certainly take your business events to the next level while saving you from the many different risks and disadvantages of purchasing your own production equipment.
Renting production equipment for your business can provide you with permanent solutions, system integration, service and support, and live event production that will assist your company in achieving its objectives, communicating successfully, and spreading your message further than you thought possible.