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Making the next step in the PA biz... Let's hear your thoughts
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<blockquote data-quote="Jason Misterka" data-source="post: 73855" data-attributes="member: 428"><p>Re: Making the next step in the PA biz... Let's hear your thoughts</p><p></p><p></p><p></p><p>+1</p><p></p><p>I completely agree.</p><p></p><p>Don't buy a single piece of equipment that you don't absolutely need. And by need, I mean that you can't subrent, business to business, at a reasonable cost, with the ability to mark it up and make money on it.</p><p></p><p>If the cost of subrenting is MORE than you can charge for it, then it may make sense to buy. The cost of subrenting would include expenses like time and labor to pickup and return, availability issues on specific dates, quality control issues, etc. </p><p></p><p>But if you buy, you need to have the entire cost of ownership on the table - yearly maintenance expenses, repair costs, business property taxes, insurance, storage, transport, labor, cases, bags, cables, motors, lifts, maintenance on your motors and lifts, rigging hardware, etc etc etc. It is amazing how much it costs to own even a mid-sized PA system, and all the bits you need with it. If you aren't averaging a gig a week with that system, all year long, just rent it.</p><p></p><p>Where we are in VA it makes sense to own a bunch of stuff, though we still subrent fairly regularly. But if I still lived in Baltimore, with some access to "good guy" rates from the numerous PA companies in MD/DC/NOVA area, I would think very very hard before buying ANYTHING more than what you have.</p><p></p><p>Ha. There's some advice. Now I should take it <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p><p></p><p>Jason</p></blockquote><p></p>
[QUOTE="Jason Misterka, post: 73855, member: 428"] Re: Making the next step in the PA biz... Let's hear your thoughts +1 I completely agree. Don't buy a single piece of equipment that you don't absolutely need. And by need, I mean that you can't subrent, business to business, at a reasonable cost, with the ability to mark it up and make money on it. If the cost of subrenting is MORE than you can charge for it, then it may make sense to buy. The cost of subrenting would include expenses like time and labor to pickup and return, availability issues on specific dates, quality control issues, etc. But if you buy, you need to have the entire cost of ownership on the table - yearly maintenance expenses, repair costs, business property taxes, insurance, storage, transport, labor, cases, bags, cables, motors, lifts, maintenance on your motors and lifts, rigging hardware, etc etc etc. It is amazing how much it costs to own even a mid-sized PA system, and all the bits you need with it. If you aren't averaging a gig a week with that system, all year long, just rent it. Where we are in VA it makes sense to own a bunch of stuff, though we still subrent fairly regularly. But if I still lived in Baltimore, with some access to "good guy" rates from the numerous PA companies in MD/DC/NOVA area, I would think very very hard before buying ANYTHING more than what you have. Ha. There's some advice. Now I should take it :) Jason [/QUOTE]
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