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8. Leasing Versus Purchasing
ОглавлениеWhether or not you decide to purchase an existing franchise or company, equipment is an important factor to remember during the initial phase of your business. The equipment needed will determine the size and scope of your business start-up. Some businesses may already come complete with basic equipment. But even if it doesn’t, you won’t need to invest a lot of your start-up money in costly equipment. The nature of the home cleaning business is that it is simple and inexpensive to run. However, as your business progresses, prepare in advance to expand into the commercial cleaning market. You may need special cleaning equipment or company vehicles. Leasing expensive items certainly has its advantages. There is little capital outlay, the convenience of immediate possession, and tax savings. (Check with your accountant to find out what the tax advantages are.)
The following are pricey items that you might consider leasing:
• Office space
• Vehicle
• Telephone/cell phone/answering machine
• Computer and printer
• Heavy-duty equipment
On the other hand, leasing some types of equipment can be expensive. For the money you pay, you retain no value.
With leasing, you can try the equipment out for a while and assess whether it is necessary for the company. A service contract may be included in the lease. Over the long term, you’ll be able to decide which, owning or leasing, is the more attractive option.