this post was submitted on 17 Nov 2023
1 points (100.0% liked)
Entrepreneur
0 readers
1 users here now
Rules
- No Personal Attacks - criticism of ideas is allowed, attacking people is not.
- Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
- No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
- Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.
Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.
founded 10 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I was in the rental business for 10 years. The options and choices are vast on what you can make money with. All rentals are different and offer different services. I would say to keep in mind, the cost of insurance when it comes to certain equipment.
For instance, when renting out any kind of lift, you have to realize things can go seriously wrong. When they do go seriously wrong often, it is not good. When I mean serious, I mean someone is injured or killed. I am not saying not to rent these items out but the carrier insurance policy and have the due diligence to make sure that they are safe.
The same goes for bouncy castles. Kids are often injured on this equipment and if somebody’s so chooses they can go after the owner of the equipment because they were not warned about the dangers. This can be applied even if the customer picked up the equipment from your location and set it up themselves. Again have great insurance and document that the equipment is functions properly.
I know of companies that rent out lighting equipment and they have done well for themselves. Other companies run out generators. Some run out plumbing equipment and do well.
I encourage you to go after this, just do your due diligence in understanding the area that you will be renting from. Look at where there is a need in terms of a service and times of either celebration or natural disasters.
How are the generators? I tried it but didn't seem like much demand in Los Angeles.