Factors to consider before purchasing equipments in businesses

Business equipments are all devices and machines which are used in the business to easily facilitate smooth flow of business activities.The equipments can either be automatically operated or manually operated depending on the nature of equipments to be  purchased.

Businesses should consider several factors before purchasing equipments in the business.These factors includes:

The business should know the main purpose as to why the equipments are to be purchased  is of necessity in the business premises. In this case the business should know on whether the equipment which has to be purchased is going to improve the efficient in the business or on whether the equipment is going to reduce the operating cost of  business expenses so that the business will make more profits.

Before purchasing the equipment in the business,the business should know the cost of the equipment.By knowing how much the equipment costs,the business will decide on either to purchase the equipment by cash,credit,through tenders or by hire purchase.The business can purchase the equipment's by any one of the above method's depending on how the business is performing financially.When the business is financially stable, the business can consider purchasing the equipment by cash but when the business is not in financial stable state,the business can consider purchasing the equipment on credit or by hire purchase.Tender is whereby the business issues tenders whereby different bidders will apply for the tender and the business will have to select the best bidders to supply the business with goods/services or equipment's.

The business should know if the staffs have the necessarily skills to operate the equipments which has to be purchased in the business.When the staffs have the necessary skills and knowledge to operate the equipment which has to purchased then the business is in good state to purchase the equipment but when the staffs or employees do not have the necessary skills and knowledge to operate the said equipment's which have to be purchased then the business should consider on either to train the staffs or on whether to hire more experienced employees to operate the equipment's which have to be purchased.Before training the staffs/employees or before hiring more experienced staffs to operate the equipment's which have to be purchased,the business has to consider whether it has sufficient finance to train the staffs or on whether it has sufficient finance to hire more experienced employees who are going to operate the equipment's which have to be purchased.When the business does not have neither sufficient finance to train the staffs nor have sufficient funds to hire more experienced staffs who are to operate the equipment's to be purchased then it is better for the business not to purchase the equipment's at all.

The business should know in advance when the equipments are being required in the business.By knowing the correct date and time when the equipments are being required,the business can prepare itself well financially so that it can purchase the equipments with ease.

The business should know various models and brands for the equipments which has to be purchased so as to select the best brand's of equipments to be purchased.

Most companies usually offers after sales services after selling goods to the customers.The business should know whether there will be after sales service after purchasing the equipment from the supplier's.After sales sales are usually extra services which the supplier of goods/services offers to the customers after the customers have purchased the equipment's.After sales services includes the suppliers offering transport services to the goods which has been purchased by the customers,in this case the suppliers of goods will transport the goods which has been purchased by the customers to the destination where customers are situated.After sales services also involves the supplier's offering installation and maintenance services to the goods which has been sold to the customers.The seller's or the supplier's usually offers after sales services to induced,attracts and retain customers in their business.So the business should confirm in advance on whether their will be after sales services after purchasing the equipment's from the supplier's.

Related links
Purchases
Types of purchases which entrepreneurs do
Disadvantages of hire purchase to the seller in business
Advantages of hire purchase to the seller in business
Disadvantages of hire purchase to the customers in business
Advantages of hire purchase buying to the customers in business
What is hire purchase in business

Finance
How to finance business's
How to manage finance within the business
Factors to consider before taking business loans
Types of loans
How business's can get loans from the bank easily
How to prevent the business from being bankruptcy
How to make money from all wastes in the business
How to make money in your business
Services which the business can get from bank's
Expenses which entrepreneurs encounters during their business operation
How to invest effectively in business
Types of bank accounts which business's can open from the bank

Advertisements
How to effectively advertise goods and services
The correct time when business have to advertise their goods and services
What to consider before advertising your business goods and services
What details should be included when advertising products and services
The correct time when business have to advertise their goods and services

Customers
What to consider when taking customer order
How businesses can receive feedback from customers
How entrepreneurs can know trust worthy customers
How entrepreneurs cannot mislead customers
How to make customers to purchase goods and services which you are selling
How entrepreneurs can avoid misunderstanding with customers when taking their orders
How customers will easily identify the goods and services which you are selling
How entrepreneurs can attract more customers to their business
How entrepreneurs can treat customer’s well within their businesses

Discounts
Why business's gives discounts to customers
What is trade discount in business
What is quantity discount in business
What is cash discount in business
What is seasonal discount in business
What is promotional discounts
What is geographical discount
What is accumulative quantity discount in business
What is non-accumulative quantity discount in business
Type of discounts in business

Entrepreneurship
How to be successful in entrepreneurship
How you can sell goods and services cheaply within your business
Expenses which entrepreneurs encounters during their business operation
Factors to consider before starting the business
How to get business ideas
How to display goods/services in the business
How to display goods/services in the business
How to know that your business is performing well
When should entrepreneurs increase price for the goods and services which they sell
How to work comfortably within the business
Types of business records
How to classify business files
How to partition offices within the business

Human resource
How to hire best employees in business organization's
How to motivate employees within business organization's
How to study behaviour of employees within the business
What you should know about your employees
Benefits of having intern workers within your business
What is performance contract in business
What is employee's records and details to be included in employee's records
Steps to be taken before business can hold meeting for their employees
How employees can be active within the business organization's
How to supervise your employees
Ettiquette’s which should be maintained by employees within the business
What is performance contract
Importance of delegation within the business organization's
What is chain of command in business
How office messengers will deliver information's quickly within the business

Insurance
What is insurance
What is cover policy
Types of insurance cover which your business should have
What is indemnity
What is deductible when taking insurance policy cover
How to prevent the business from fire

Stocks and Shares
What is IPO(Initial Public Offering) in stock market exchanges
What is stock broker when buying and selling shares
Difference between outstanding shares and treasury stocks at stock exchange
What is guaranteed preference shares when purchasing shares at stock market exchange
What is redeemable shares when purchasing shares at stock market exchange
What is non-convertible shares
What is convertible preference shares when purchasing shares at stock market exchange
What is non-participating preference shares when purchasing shares at stock exchange market
What participating preference shares when purchasing shares at stock exchange market
What is cumulative preference shares when purchasing shares at stock exchange market
What is preference shares when purchasing shares at stock exchange market
What is ordinary shares when purchasing shares at stock exchange market
Types of preference shares in stock exchange
Types of shares in stock exchange market
What are shares in stock exchange market
What is non-cumulative-preference shares when purchasing shares at stock exchange market

Business cleanliness
Types of cleaning facilities which business must have
How employees can maintain good hygiene within business organization's
How to remove dusts from within the business organization's
Effects of dusts within the business organization's
How to wash business toilet thoroughly clean
How the business can have sufficient water
Major functions of water within business organization's