How Hire Tools Can Help You Grow Your Business

Although all tradies have tools and equipment as part of their everyday work, you may not have considered how hiring equipment can help to grow your business. Upfront costs can be crippling to a business, and the lack of certain types of equipment can stop trades from being able to perform certain types of work full stop. 

Read on to learn about how you can grow your trade business by hiring over buying.

Better Business Finances

Making smart decisions with your finances is key if you want to have an enduring and successful trade business. Operating expenses can not be avoided, but its important to know where to spend, and where to save. 

Here are some ways that hiring can help you with your finances: 

• No need to pay insurance on expensive owned equipment

As a trade business, you will likely have a range of different insurances to pay for, from public liability and business vehicle insurance to tools and equipment cover. Much like any other insurance, the more financial cover you need, the higher your premium is likely to be. Insuring only what you need is a great way of keeping your monthly costs down. Owning lots of large, valuable gear means you may become a target for site and vehicle break-ins. Hiring gear from Hirepool means you have access to the gear you need without needing to own and protect it. 

• No major upfront costs

Having a range of tools is, of course, important but having to buy everything upfront is a huge expense not everyone can afford. Whether you are a new business trying to build up your equipment, or an expanding business needing more tools for additional staff, opting to hire until you can afford to buy can be a wise move. 

• No rush purchases for items not on sale 

If a job comes up that requires a tool you don’t have, a last-minute purchase can mean having to take what you can get, and that may be at a higher price than you want. Hiring equipment until a sale pops up can save you a decent amount of money that can be used towards another business expense.  

• Occasional use items don’t have to be sold at a loss when no longer needed 

Second-hand equipment can rarely be sold for what you paid for it, and the hassle of finding someone to buy it from you can be a real nuisance. Not only are you selling at a loss, but you are also taking additional time off the tools to deal with selling. 

• Fewer storage costs 

Storing large equipment can be an issue if you are a small or independent contractor. Hirepool removes the need to own and store lots of gear - treat your local branch as an extension of your tool shed! 

Improved Service Offering

Being able to adapt to your client’s needs and offer a wide range of services will ensure your business is moving forward in the right direction. The more you can offer potential clients, the more likely you will be to secure work. 

Here are some ways that hire tools can help you improve your service offering:

• Being able to do work you can’t normally do 

During the lifetime of your business, it’s entirely likely that jobs may have to be passed up because you don’t have the right equipment on hand. The option to hire tools as and when you need is a great way to ensure you can take these jobs when they come your way.

• Scale up and take on bigger jobs with a bigger crew 

Getting in temporary labouring staff for big jobs is a great option, however, it is not guaranteed they will come bearing all the equipment required. Being able to hire extra gear for a big crew will save time and ensure you can hit the ground running on that large scale project. 

• Ability to work in more locations

Remote or rural areas carry a different set of challenges which can make it tempting to turn down jobs. Whether there is no electricity or no basic amenities for your crew, you can hire mobile equipment from Hirepool like generators and portaloos. 

Hirepool Tradie Tip: As your trade business adapts to meet uncertainties that come in a post-covid environment, it’s great to be able to pivot and take on other work you may not usually do. Hiring the right gear can help you do this and maintain a competitive edge. 

Better Quality of Work Provided

It’s well known that clients talk, which can either help your business grow through good

word of mouth, or stop your business in its tracks. Any client looking for a tradesperson 

will put the quality of work high on their list of requirements, so it’s important every job is 

completed at the highest standard. 

Here are some ways that hire tools from Hirepool can help you to provide the best quality of work to your clients:

• No need to ‘make do’ 

On occasion, an unexpected task may come up on a project which can leave you searching for an alternative tool to get the job done. Rather than making do, consider hiring the right tool so you don’t have to re-visit the job if it’s not up to scratch.

• More professional finishes 

Most trade businesses will want their clients to see the finished product and be blown away. The little things do matter to clients, even if it is something as simple as having the site vacuumed at the end of the job.

• Faster turn around on jobs 

Generally, the less time you are on a job, the less it will cost your client which will equal value for them. There are plenty of hire tools available which can help to speed your jobs up, such as hiring a fan to dry paint faster. Hiring equipment so that your team are not doing manual tasks when equipment can do it faster is a great time-saving option. At Hirepool we’re big believers in working smarter, not harder! 

Professional Look for your Business

When clients are deciding which trade business to use for a project, they are much more likely to choose the business that looks the most professional. 

Here are some ways hiring equipment can help your business achieve a professional look:

• Turn up to site with good quality gear

The way your equipment looks to a client may have an effect on how they view your business. If your gear is looking a bit rough and isn’t functioning at 100%, it is a great option to hire gear until you can replace it. 

• Better word of mouth on the professionalism of your business 

If you are working at a site that is visible to the public, it is important to remember that future clients could be looking, so make sure you have good quality and safe gear being used. Hirepool regularly maintains the condition of hire equipment which is one less thing for you to worry about. 

Get it done with Hirepool

Hirepool is here to help with your trade business. Come and see the team to hire all 

gear you need to get your trade job done smarter. Book gear easily online now or call into your local Hirepool branch to chat about if a trade account is right for your business.  

Hirepool is here to help your trade business thrive. Check out our trade hub for news, advice and customer stories, and hire all gear you need to get the job done smarter online or via your local branch.