The main business behind Home Staging might appear to be all about styling, nice furniture and cushions, and in large part, it is. But as we’ve grown it’s become clear that Logistics is in fact the hidden core business, powering what we do from behind the scenes, away from the public-facing side. Read the full article here.
And yet, despite the significant impact transportation has on our type of business, this pillar is the one that usually remains outsourced for the longest period of time.
Type of investment:
From a cash-flow point of view, purchasing a truck is not necessarily a large upfront investment (especially if you use a business loan), but the finance is a significant long-term financial commitment, both in terms of the business loan and the full time people required to operate it.
When to invest:
Ideally a few months in advance of your expected growth stage. Your capacity will increase immediately, but do not expect your volume of work to grow concurrently with that. Consider this an investment into building a foundation for the upcoming increased demand.
Impact on business:
The truck determines how many jobs can we fit into our daily schedule, which makes it the most capacity-increasing component of them all.
The process of buying a truck is easy, it was the decision that did not come lightly. We had to consider the sizeable long-term financial commitment and weigh up the opportunity vs cost ratio.
Thank you for reading!
If you are a fellow Home-Staging Business Owner, we sincerely hope you got some value out of it. Please remember that our industry allows you to structure your business numerous different ways. What we said above happens to work for us, but if you’ve decided to go for a different approach – power to you! Our way is definitely not the highway. It’s more like the M3 connecting Brisbane to Gold Coast, because that’s just what happens to work for us 😊
(*cough cough*) HINT HINT!
Anyway, as we mentioned above – keep an eye out for an exciting announcement coming soon! Click here to follow us on Facebook, Instagram or Youtube.
Find more business-related chats on our private Facebook Group for Home Stagers.