Your inventory is likely your party rental company’s main selling point, but you couldn’t do it without the supporting players. Ancillary items are one of the most under-appreciated elements of your event rental business. These can be anything from tools (hammers and ladders), to small helper items (zip ties and tape), to components
Many rental company owners are managing two businesses at once. For some folks it's because they have a more "full-time" business they were doing before entering the rental industry. For others it's that they began with one company and that company gradually evolved into two distinct offerings. For example, in the event industry, it’s
A lot of event rental business owners pride themselves on their sales or negotiation tactics. However, tons of business owners put themselves in real danger when, after selling someone, they don't get the proper paperwork in place! There's a difference between a "quote" or "proposal" and an actual contract. It is absolutely essential to secure
Everyone romanticizes about the fun aspects of running an event rental business, but have you thought about one of the hardest parts: dealing with damaged inventory? These suggestions help lessen the sting when your business experiences this setback.
Hope for the Best and Prepare for the Worst
Damage is inevitable in event rental companies, even
Photo by Sarah Mack
Party rental companies know their inventory is one of the most important components to their success. It influences a client’s calculus in hiring and entrusting you with their account and event. Caring for and managing your inventory is a skill set worthy of investment. Take pride in this.