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Avoid Costly Equipment Buying Blunders
– January 31, 2011
Have you ever purchased equipment that isn’t exactly what you wanted? Avoid future buying blunders by investigating equipment before buying to make sure it meets your needs. You can also make sure that the return policy does not have any limitations on the reason for the return – get a 90 day no questions ask return policy.
There are still companies out there that are shutting their doors. Look for companies that are going out of business to see if they have any equipment that will be auctioned off at prices that are significantly below fair market value.
This is Profit Enhancement Idea #24 in Heard, McElroy & Vestal's 100 Ways: The Profit Enhancement Process series. The purpose of the series is to assist business owners and managers in cutting costs and increasing revenues by working smarter, not harder.
Walker Coburn
318.429.2109
wcoburn@hmvcpa.com
Walker is an Audit Manager in our Shreveport office. He received his Bachelor of Administration in Accounting and a Masters of Accountancy from Millsaps College in Jackson, MS. Prior to returning to his hometown of Shreveport and joining Heard, McElroy & Vestal, Walker worked for KPMG in Jackson and Memphis, and more recently as a financial reporting advisor for FedEx Corporate.
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