How to Increase Equipment Rental Profitability in 2021
Over the last two decades, equipment rental revenue has doubled every decade with promises of more growth to come. Unfortunately, 2020 and the Coronavirus (COVID-19) pandemic created significant challenges for many equipment rental centers. While it has been business as usual for some organizations, most capital-intensive rental companies have had to look for creative ways to complete projects and maintain profitability in the face of adversity.
At Open Door, we specialize in core business management for the equipment rental industry in North America and we want to provide you with the tools you need to prepare your business for growth and maximize your rental revenue. In this white paper, our equipment rental industry experts have pooled their knowledge and outlined 8 practical tips and tools to boost your rental business profitability this coming year.