How to increase your bottom line with job costing, part 2

April 1, 2020

Where does all the money go? Let’s examine two job costing methods. by Alexandre Renaud and Barbara Scull In part 1 of this two-part series on job costing, we reviewed accounting basics for tent rental companies, including a basic profit formula, fixed and variable costs, gross profit, contribution margin and break-even point. Understanding these concepts …

Book review: Sustaining a family business

Richard Seaman’s book offers a model for multigenerational success. by Rebecca Post An urgency runs through the pages of Richard Seaman’s book A Vibrant Vision: The Entrepreneurship of Multigenerational Family Business. That urgency stems from Seaman’s understanding that few family businesses survive beyond a third generation. Seaman, the chairman and former CEO of Wooster, Ohio-based …

The impact of 2018 and 2021 tent code revisions

As the 2018 I-codes gain adoption, tent professionals can help advance the code development process. Tent professionals can help shape fire and building codes at the local, state and national levels by building relationships with enforcement officials and professionals who represent related industry groups, according to Paul Armstrong, P.E., C.B.O.  Armstrong, IFAI’s Tent Rental Division …

Industrial Fabrics Association International partners with Alliance Funding Group to provide fast financing at competitive rates

February 18, 2020

Industrial Fabrics Association International (IFAI) has partnered with Alliance Funding Group to provide members of IFAI fast financing at competitive rates. “IFAI is enthusiastic about offering members access to one more resource when considering financing equipment or looking for working capital,” says Andrew Aho, IFAI’s vice president, new business development. “Alliance Funding Group has been …

How to increase your bottom line with job costing, part 1

December 1, 2019

Where does all the money go? Let’s start with some accounting basics. by Alexandre Renaud and Barbara Scull Job costing is the process of assigning costs to a specific job or project to determine if it will generate enough gross profit to cover expenses and contribute to net profit. While managers often engage in job …

Win business with top-notch customer service

Keep your tent rental clients satisfied—and returning—with these six tips for five-star customer service. by Sarah Crews Your company and your employees are the backbone of events from high-end weddings and corporate galas to backyard parties and festivals. And your image is on the line each time, from booking to takedown. Here are six strategies …

How to document your tent anchoring plan

October 1, 2019

When submitting a permit application, use industry-developed tools and your manufacturer’s data to explain your plan. By Alex Kouzmanoff The anchoring plan for your tent or structure is the one part of your permit submittal package that will change from job to job. The key to any plan is to present a professional, easy-to-read document …

The power of PPPEEEZ

In her new book, tent and event industry leader Delores Crum offers her seven simple strategies for successful living. Sometimes the most practical success tips are like PEZ® candies. They’re delivered in appealing, bite-sized pieces. They’re refreshing. Above all, their impact lingers after the original tidbit is dispensed.  “Like PEZ candy, effective success tips are …

Modern tent vinyl and flame retardancy

Do you know how your tent fabric performed on a flammability test—and can you explain the results to your fire marshal? One of the most tragic days in tent history occurred 75 years ago: The Hartford circus fire.  Some 7,000 spectators were enjoying a circus performance on July 6, 1944, in Hartford, Conn., when a …

North America rental revenue expected to exceed $71 billion in 2023

September 3, 2019

The new five-year forecast from the American Rental Association (ARA), Moline, Ill., updated in August calls for equipment and event rental revenues in North America to surpass $71 billion in 2023, including $64.7 billion in the United States and $6.4 billion in Canada. The latest forecast is ARA’s first to project rental revenue for 2023. …