The old saying, “you’ve got to spend money to make money” is true but you don’t always necessarily need to spend a great deal of money in order to increase profits. What about the successful businessman whose profits have plateaued? He may have some money to spend, but expansion requires a loan. Once the loan is in place he may be forced to cut corners on services to save the money needed to pay back the loan. The bank stays happy in this scenario but customers may start leaving due to lack of performance.
This is the dangerous conundrum faced by all business owners, especially in today’s economy. In order to justify a new expense the future benefit must be able to outweigh the expenditure.
There are other ways for a business person to expand their profits that don’t necessitate throwing money away. In many cases a business can make minor upgrades and make better use of the space they’ve already got in order to improve the bottom line.
Take a large distribution center. There may be a need to find a larger facility, but the rents nearby may be too expensive to make a move feasible. You then must look at how to reduce the space you use so you can increase capacity. One solution can be to replace some large, outdated gas forklifts with smaller battery powered cart pullers like the CartCaddy warehouse tug available from DJ products.
In addition to reducing fuel costs, these tugs are smaller and take up less room in your facility. That leaves more room that your business can use to its advantage. These tugs are ergonomically designed to keep worker safety and health concerns to a minimum. The smaller size also makes them more maneuverable so hardworking employees can move a lot more product in a shorter period of time. The warehouse tugs from DJ Products can help you increase your competitive edge and your profits now and in the future without a major initial investment.