One of the issues
many entrepreneurs debate
is should we buy fixed assets
(buildings, vehicles, machinery)
or should we rent them?
A plus
for renting
is it gives us flexibility.
We can swap the fixed asset
for something that might be
more suitable.
But owning the asset
gives us flexibility also.
As Kenny Chesney,
upon his tour bus
reaching 1 million miles,
shares
“It was a used Silver Eagle
when I bought it,
and the bank had no business
lending me the money,
‘cause all I owned was a little pickup
and my guitar.
But I knew if I owned my bus,
we could keep doing this,
keep bringing the music
to the people!”
Owning the asset
means we don’t think twice
about using it
whenever we want.
Put thought
into the owning vs renting
decision.