It's No Secret With Dr T.

When it comes to purchasing equipment for your business, there are two types of equipment purchases you can make. One is income producing equipment and the other is non-income producing equipment. For example, let’s say you need to purchase eight chairs for your reception and you’re deciding between a $150 chair and a $400 chair, which means you will spend $1200 or $3200 to purchase the eight chairs. In addition to this the comfort levels of the chairs are about the same, and at first glance, they look similar as well. This is when you need to stop, think and ask two questions: Will the $150 chairs be sufficient for your current needs? Can you use the $2000 you save elsewhere in your business? Brand If a $150 chair will be sufficient and serve the intended purpose why spend the extra $250 per chair, especially if it’s not going to take anything away from your brand. I know from experience that you are better off saving the $2000, or investing the $2000 towards income-producing equipment that will generate i