Finance Archives | Lane' J. Richards

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7 Ways to Make Money In Your Rental Business

In the “good old days,” you would have been knee-deep in consultations, refreshing your inventory, organizing your warehouse, and getting ready for the wedding season. But, these are not usual times. With the onslaught of COVID-19 and stay-at-home orders, we’re all having to adapt to a new way of doing things. But exactly how do […]

ways to make money in your rental business

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Sales & Marketing

Charging a Rental Minimum

I’ve been asked a couple of times from vintage and specialty rental companies if they should be charging a rental minimum so I thought I’d pop into the blog-o-sphere and answer the question. When you’re first getting started you likely will take on any and all clients that inquire about your rentals. You’re also likely […]

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Finance

Offering an Industry Discount for Referrals

At some point in owning your rental business, you’re going to be approached to offer an industry discount for referrals. When you’re first getting started, it’s easy to accept the request because you’re hungry for any and all business. However, a word of caution is to think twice. Once you set the precedent for offering […]

industry discount for referrals

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Finance

Handling Damages in Your Rental Business

Owning a specialty rental business, especially one that rents out larger furnishings such as sofas, chairs, and tables, means you have to think about how you’re going to handle damages. You have several options on handling damages in your rental business and in this article I’ll take a deeper dive in a few options. Immediate […]

handling damages in your rental business

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Client Experience

How to Use Evernote to Save Receipts

Let’s face it, you have receipts stuffed in your purse or wallet, coat pocket, or desk. You can never seem to find that ONE receipt you know you put “in a safe place”. I’ve been there! My biggest fear has always been to get audited by the IRS so I’m a little OCD at keeping […]

How to Use Evernote to Save Receipts

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Finance

Why I Don’t Ask Wedding Pros to Discount Services

The ugly truth with the wedding industry is that we’re known for discounting our services. It’s a known fact in the business world, and something both of my business coaches have frowned upon… even when I give the explanation that “everyone is doing it”. Why I don’t ask wedding pro’s to discount their services may […]

Why I Don’t Ask Wedding Pro’s to Discount their Services

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Finance