If you were in business 10 years ago, recall what that business looked like. What was your equipment situation? Did you have less equipment? Different equipment?
If your equipment changes in the last 10 years were forced rather than planned, the result may have been financial stress. If you’re new to this business, starting or taking control of a company in the last 10 years, and you haven’t created an equipment plan yet, the foundation of your business may not be as solid as you’d like. It was true 10 years ago and it’s true now: Businesses that replace equipment only on
