COVID-19 Relief Programs to Aid Recession Planning for SMBs: Part 1

List of COVID-19 Relief Programs for SMBs to Help Recession Planning

Mandatory closures and safety measures implemented due to the COVID-19 pandemic have impacted almost all industries. This is especially true for small and medium-sized businesses that are working with limited resources. As business owners focus on recession planning, it is helpful to be aware of the various relief programs offered by the federal, state, and local governments across the U.S.

There are different programs for you to consider, from Congress pledging a stimulus package and several states introducing their own relief funds. We’ve compiled a comprehensive list of federal, state, and lender-specific COVID-19 relief programs you can pursue.

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5 Equipment Tracking Best Practices To Boost Your Rental Business

5 rental equipment tracking best practices

Do you struggle to track your rental equipment effectively?  It can be a tedious task without the right tools and methods — not to mention the risk of inaccuracies and errors. The stakes are high when it comes down to tracking your most prized possessions – your equipment.

Coordinating all your pieces of equipment requires access to important information. Using traditional manual methods or even spreadsheets to track your rental equipment isn’t efficient. It leaves you vulnerable to human errors, greater costs, and in a worst-case scenario, even equipment loss.

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Set an Effective Remote Work Policy for Your Business Amid COVID-19 Concerns

Small and medium-sized rental businesses across the world are facing new and unique challenges due to the spread of COVID-19. These include shipment delays, restricted travel, and of course ensuring the safety of employees and customers. This serious global health threat has disrupted millions of lives. As calls for self-quarantine continue to rise, businesses need to take measures that will minimize disruption. 

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6 Easy Tips to Help You Build a Successful Rental Website

6 Easy Tips to Help You Build a Successful Online Rental Store

An estimated 1.8 billion people shop online globally. This means if your rental business doesn’t have an online store, you’re missing out on a huge market and big profits. Give customers 24-hour access to your rental stock to maximize sales.

Your online rental store has to do more than just show customers your products and their prices. Here are six practical tips to help you design and execute a successful online rental store. Implement these and you will be a step closer to a high-performing online storefront.

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4 Ways Automation Can Resolve Your Motorcycle Rental Business Problems

Solve rental business problems with motorcycle rental software

The global motorcycle rental market is set to grow at a CAGR of 7.74% by 2021. A major reason for this growth is an increase in road trip tourism and rising traffic congestion levels. Increasingly, tourists are renting motorcycles to avoid congestion and reach exotic destinations which may not be easily accessible via public transport.

To deal with the growing demand, all motorcycle rental businesses must try to scale up. However, such growth comes with its own set of challenges. Here are some of the common pitfalls faced by motorcycle rental companies and how to resolve them.

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Offer Item-Level Discounts in EZRentOut

Item Level Discounts in EZRentOut

EZRentOut has released a new feature that enables you to offer discounts with more flexibility. Instead of giving a flat discount on the entire order, you can now apply individual discounts on each item with Item-Level Discounts.

For example, let’s assume you are running a construction rental company. You have two new excavators and one that has been in use for a while. Your client is looking to rent all three for an upcoming project and you want to charge different rental rates for them. Now you can use Item-Level Discounts to give a discount on the older excavator in the order.

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6 Ways Medical Equipment Rental Software Can Boost Your Business

The global medical equipment rental market size is projected to reach $65 million by 2026, according to a new report by Acumen Research and Marketing. From individual clients to clinics and hospitals, the range of customers in the industry is diverse.

The market, especially within the US, is thriving because of the increasing number of private clinics with equipment requirements. Also, hospitals are opting to rent expensive medical equipment instead of leasing or buying.

This offers them budget flexibility. For example, due to rapid developments in technology and the need to upgrade quickly, many hospitals may choose to rent costly equipment that they intend to replace in a few months. 

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