Tips

You should invest in products that provide fast Return on Investment (ROI). In order to determine ROI for anything you buy, you must first know what your costs are prior to the investment. Here’s an example:

How much do wrinkles cost your operation? $100 per day, $1,000 or $10,000 a day or more? When you consider how much they cost, you have to figure in wasted materials, wasted energy and wasted man hours at your fixed overhead. But for this example let's just say those pesky wrinkles cost you a total out of pocket expense of $100 per day. And that anti-wrinkle roll will cost you $4,000. And let's say for this example that the anti-wrinkle roll only eliminates 50% of the wrinkles. $4,000 divided by $50 savings per day ($50 is 50% of your total $100 per day loss due to wrinkles) equals ROI in just 80 days.

Generally, any investment should provide ROI in one year. The example above is a no-brainer - BUY IT, don't hesitate, any hesitation is literally money out of your pocket. If you do not buy the anti-wrinkle roll in the example, your out of pocket costs will be at least $12,500 per year based on 250 days worked per year.

Your equipment vendor should be able to prove ROI to you for any product you purchase. But keep in mind you need to tell him your costs in order to calculate ROI.