If you own a small spray foam business, you might be looking for extra ways to save money and stretch your budget. Fortunately, there are several ways for spray foam contractors to create a more profitable business on a budget. Here are some clever ways your spray foam business can save money.
Schedule Regular Training Sessions
Your spray foam business could be wasting time, product, and money by over-spraying foam during applications. Spraying too much foam will waste product and result in a poor-quality application. Not all your contractors will have the same level of experience when you hire them. Make sure all your employees know the correct spray foam thickness to reach by conducting regular training sessions. Doing so will ensure all contractors are on the same page and your high-quality spray foam applications consistent.
Keep Equipment Maintained
New equipment can be quite an investment for any spray foam business. Try to keep equipment costs down by minimizing how often you invest in new equipment. You can avoid purchasing new equipment by increasing the longevity of your current tools. Be sure to keep up with scheduled maintenance to keep your tools in good condition. Regular inspections and maintenance can:
- Help prevent equipment downtime; another way businesses can waste money and lose efficiency.
- Maintain and increase the lifespan of your current equipment.
- Promote a more sustainable business.
Shop for Used Equipment
Eventually, your spray foam equipment will reach the end of its lifespan, and repairs can become more expensive than investing in a new piece. Consider shopping for used spray foam equipment instead of brand-new items when replacing your equipment. While shopping for these items, always consider the age of the piece and remember to ask the buyer questions about the used equipment’s condition. Investing in gently used equipment is a smart way to further stretch your business’s budget.
As the new year approaches, many businesses are getting ready to re-calculate and form their budgets. Remember these clever tips to save your spray foam business money as you plan your budget for the new year.