Unlocking Fixed Asset Potential
Fixed assets like machinery, buildings, and vehicles form the backbone of many businesses. They’re essential for daily operations and represent a hefty chunk of a company’s investment. But too often, these resources sit underutilized or poorly managed, leaving money on the table. Drawing inspiration from the Comprehensive Guide to Fixed Assets (available here ), this post explores practical ways to get more from your fixed assets—without needing a massive overhaul. Let’s dig into strategies that can turn these silent workhorses into real contributors. Ways to Improve Fixed Asset Performance Below are five detailed approaches to help you rethink and refine how your business handles fixed assets. Each offers actionable steps grounded in real-world scenarios. Assess Utilization Rates Knowing how much your assets are actually used is the starting point for improvement. If something’s sitting idle, it’s not earning its keep. Why it matters Idle assets tie up capital that could be us...