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Rental Advisor
www.rentaladvisors.com Rental Industry Consultants
Interests: rental, construction equipment rental, equipment rental, party rental, tent rental, special event rental
Recent Activity
We have decided to move our Rental Advisor Blog to a new location, attached to our website, RentalAdvisors.com, for easier access.Visit the new Rental Advisor Blog. We hope you enjoy our new site! Regards, Hageman, Stansberry & Associates Continue reading
Posted May 31, 2010 at The Rental Advisor
Fred Hageman and Gary Stansberry hope you and your family have a pleasant Memorial Day weekend while we all take time to honor those who have given the ultimate sacrifice for our country. The Rental Advisor blog will return next Sunday, June 6th with a new post, along with a... Continue reading
Posted May 29, 2010 at The Rental Advisor
If “Image is Everything” then it can also be “nothing.” There has been a lot of discussion both in the past and especially recently regarding the image of rental companies—specifically independent rental companies. But, it seems lost on so many. How and why is this? The following basic “image points”... Continue reading
Posted May 15, 2010 at The Rental Advisor
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I work out at a gym near my home and have been a member there for nearly six years. It is a locally-owned operation that has been around for 10 years or so. A lot of people that work out there know others by at least a passing acquaintance and... Continue reading
Posted May 8, 2010 at The Rental Advisor
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Over the years, we’ve all seen job satisfaction surveys of employees. Almost always, “money” or pay rate is several notches down on the most important factors regarding job satisfaction. At HS&A, we’ve found that employees need to feel that they can make a difference in the company they work for.... Continue reading
Posted May 1, 2010 at The Rental Advisor
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We love that old song where Kenny Rogers sings, “Know when to hold ‘em” “Know when to fold ‘em” “Know when to Walk Away!” “Know when to Run.” Do you know when to Walk Away? We do. Each piece of rental equipment that you’ve invested in has to have a... Continue reading
Posted Apr 24, 2010 at The Rental Advisor
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For most rental companies, payroll is the #1 cash expense. When we review rental companies and see that many are now underperforming, we look at all aspects of the rental company and payroll is first. Most times it is too high of a metric these days. We recommend tracking your... Continue reading
Posted Apr 17, 2010 at The Rental Advisor
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Just in case you don’t know or were afraid to ask what “Cap-ex” means, it is a shortened version (ie: texting/tweeting) for “Capital Expenditures.” This boils down to “What type and how much equipment are we going to buy next as a rental company?” As rental companies, large and small... Continue reading
Posted Apr 10, 2010 at The Rental Advisor
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A rental facility should be an attractive, well-located, environmentally compliant, long-term “home” for your business that also has room for growth. Total triple net facility expense (facility rent, taxes, insurance and maintenance) ideally should be no more than 5% of your total revenue. We have encountered some higher rent areas... Continue reading
Posted Apr 3, 2010 at The Rental Advisor
http://specialevents.com/latest_stories/are-blogs-good-for-special-event-businesses/ Continue reading
Posted Apr 1, 2010 at The Rental Advisor
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Times are tough and we feel it all around us. If you say you aren’t hurting at all then likely you are kidding yourself or you are an anomaly to the rest of the world. Even though you, your vendors or suppliers can offer certain products or services that generate... Continue reading
Posted Mar 27, 2010 at The Rental Advisor
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We mentioned in a previous post that there are certain key metrics you should track and know at all times in your business. The very first and most basic of these measurements are your revenues; your revenues are the equivalent of the speedometer on your car’s dashboard—you should always know... Continue reading
Posted Mar 20, 2010 at The Rental Advisor
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Most, if not all rental businesses suffered greatly in 2009 and 2010 might not be much better. What doesn’t break us, makes us stronger, right? Well, it’s tough to look for silver linings but we must. One silver lining is that all businesses, households too for that matter, have cut... Continue reading
Posted Mar 13, 2010 at The Rental Advisor
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The rental industry has certainly experienced some challenges over the last 18-24 months. Unfortunately, we see too many rental store owners managing their business through these challenging times with only the most basic of information. Time and time again, we see rental store owners take a look at their checkbook,... Continue reading
Posted Feb 28, 2010 at The Rental Advisor
Investing in your rental business means more than purchasing equipment, vehicles, computer systems or other assets. It goes further than investing in solid personnel. The best run rental companies in the country are the ones that invest in their businesses continuously; not only in the categories mentioned above but in... Continue reading
Posted Feb 22, 2010 at The Rental Advisor
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My partner, Fred Hageman, and I just returned from Orlando, site of the American Rental Association’s “The Rental Show” for 2010. All in all, it was a much more positive experience than the 2009 version held in Atlanta. Here are some of our observations: · Traffic at the show was... Continue reading
Posted Feb 15, 2010 at The Rental Advisor
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My partner, Fred Hageman, and I just returned from Orlando, site of the American Rental Association’s “The Rental Show” for 2010. All in all, it was a much more positive experience than the 2009 version held in Atlanta. Here are some of our observations: · Traffic at the show was... Continue reading
Posted Feb 11, 2010 at The Rental Advisor
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Feb 11, 2010