Businesses are like sharks. Just like sharks must keep swimming or they will die, businesses too will die if they do not stop growing. Expansion, exploring other avenues and upgradations are a crucial part of a business’s lifecycle. However, growing a business is a capital-intensive task. Costs need to be kept low so that they don’t eat into profits. This creates a Catch-22 situation. So how can a business owner grow their business without adding extensive debt and cutting corners? The answer lies in equipment rental.

Purchasing the latest equipment comes with a host of costs. Transportation, installation, maintenance, repairs, etc. Rental removes all these assorted costs in one go. Leaving you to deal with just the rental cost. Companies across the board are increasingly investing in equipment rental rather than purchasing. But how does equipment rental really help a business cut costs and grow? Let’s take a look.

Reduced costs

As we discussed earlier, profit starts with reduced expenses. Equipment rental helps with this right from the outset as the business does not have to pay a hefty amount to procure the latest technology. This becomes even more crucial when the business is working on a tight margin but still needs to provide the best output. These are the other costs renting from Energia helps a business bypass:

Site delivery- When one purchases equipment, one also ends up being saddled with the transportation costs. Energia helps cut down this cost and save time too by delivering the machines and equipment directly to the job site. Fuel costs, the burden for the permits for oversized equipment, cost of wear and tear are all provided by the rental company.

Maintenance and repairs- Purchasing also comes with the burden of these costs. Plus the additional costs of employing someone to maintain the equipment, inventory costs for spare parts, and the costs just keep adding up. With Energia, businesses can save themselves from this cost as this responsibility is undertaken by them. The entire cost of maintaining and repairing the equipment is their responsibility. And with their 24/7 support team, one also loses less money during downtimes.

Storage- In a situation where every penny counts, there are hardly any businesses that wish to pay for the most expensive commodity of all, land. Energia takes care of the warehousing of the equipment when it is no longer in use, helping the business save crucial capital. This additionally means that all licensing and property tax expenses for the product are also Energia’s purview. 

Tip: Renting equipment can also be a trial run for said machinery. The business can rent and see if the equipment is a good fit for their needs rather than investing large sums for equipment that turns out to be a bad fit. 

More projects

Growing a business automatically means more projects. This means more equipment which further translates to more capital expenditure. Renting is a great way to add on capacity using better machinery and equipment without additional Capex costs. 

Use the latest technology

When one purchases machinery it becomes infeasible to upgrade with the times. This means one gets stuck with the same equipment for years on end. Equipment rental helps the business be light on its feet and flexible, providing the business with the latest technological breakthroughs the moment they hit the market. For businesses in remote locations, this can be a special boon as they too will be able to access the latest technology without waiting for it to be available in their location.

So, as we can see, the benefits of renting far outweigh those of purchasing. For a business to keep costs low and adaptable to the changing economic and technical environment is crucial in this day and age. Renting from Energia guarantees these benefits and helps a business truly grow

Energia is proud to announce its successful association with F1. The leading equipment rental company was given the contract to provide and maintain power generators with all necessary accessories for the inaugural Saudi Arabian Grand Prix held from December 3-5 2021, in Jeddah, Kingdom of Saudi Arabia.

Energia’s ability to provide a large fleet of generators and accessories was a deciding factor in being awarded the contract. The mammoth event required a whopping 136 Generators for operation and 20 standby generators for emergencies, a task few other equipment providers were up to. Accessories such as fuel tanks and 35000 Meter cables to power the whole event were also provided. In addition to all of this, Energia also undertook the complete mobilization and loading/unloading services for the equipment as well as providing skilled manpower for installation and site monitoring. The turnaround time for the entire project was a record 15 days with some elements such as the entire scope of work being finalised a mere 8-10 days prior to the event. 

An Energia Spokesperson said, “Providing our power generators for the first Saudi Arabian Grand Prix is a source of huge pride for us. Executing an event of this magnitude at short notice is a major milestone for our company. We would like to thank SAMF for placing their trust in us and for the excellent coordination and cooperation from their end. We look forward to more collaborations with them in the future. I would also like to thank the entire team at Energia who helped in the flawless execution of the project”.

 

About Energia 

ENERGIA is a global provider of rental power, cooling, compressors, tower lights, and welding solutions, offering reliable equipment, total solutions packages and exceptional engineering services. ENERGIA is headquartered in Jubail (KSA) and has a large presence across the GCC and the wider MENA region.