ROI, or return on investment, is sometimes tricky to calculate. The term refers to the potential future profit an investment such as new equipment, tools or machinery can provide over time. For example, imagine an estimate on a job that requires a specific doohickey. You don’t own this equipment and would have to purchase it to complete the job. Questions, such as the initial expense and whether you’ll ever use it again, drive the decision to accept or turn down that job and buy the equipment.Not only can that, but the right equipment and tools be a game-changer for job
Smart Equipment Purchases Start with ROI Analysis
Before buying, determine profit potential, how a tool can grow your business or if renting might be a better option
Jun 02, 2016
| by Anja Smith |













