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Episode 18 – The Event Safety Alliance with Jim Digby: Getting back to work in a Covid world
Jordan Goodfellow • November 12, 2020
The post Episode 18 – The Event Safety Alliance with Jim Digby: Getting back to work in a Covid world appeared first on GigRent.

Make the wrong choice, and you risk tying up capital, limiting flexibility, or missing revenue opportunities. Make the right one, and you create a scalable, cost-efficient foundation for long-term growth. This guide breaks down the key factors that determine when renting makes sense—and when ownership is the smarter move. When Renting AV Equipment Is the Better Choice 1. Your needs change frequently If your projects vary in size or technical requirements, renting keeps you flexible and open-minded to all solutions. Owning gear can cause a few issues to surface. Bias towards certain equipment, only selling what you own, and thinking that other gear is inferior. This can lead to a few downsides. · Under-utilized inventory that doesn’t move as often. · Storage and maintenance costs that come with owning gear. · Obsolete technology that you are trying to squeak the last bit of life from. · Trying to shoehorn a show into a piece of gear that is not · High transport costs Renting allows you to scale up or down depending on the event without long-term commitment to any one type or brand of equipment. 2. Technology is constantly evolving and doing so quickly In areas like Computers, LED, media servers, and video processing, equipment generations change fast. Buying too early can mean: · Rapid depreciation · Compatibility limitations · Pressure to reinvest sooner than expected Buying too late can mean: · Equipment ages out before it’s paid off. · May not function well or be compatible with the newest gear · Less customers are interested in the Equipment. Renting shifts that risk away from you and ensures access to current, show-ready technology. 3. You need equipment only occasionally If gear is used only a few times per year, ownership rarely makes financial sense. Using an Item less than 6 - 8x per year can cost you big. Consider the following when you only use items for part of the year: · Purchase cost · Maintenance and repairs · Insurance · Storage · Labor for testing and prep If utilization is low, rental is almost always more cost-effective. 4. Cash flow matters more than ownership Growing companies often benefit from preserving capital for a multitude of business needs and projects including the following: · Hiring · Marketing · Expansion · New services Renting converts a large upfront expense into a predictable project cost, improving cash flow and reducing financial risk. When Buying AV Equipment Makes More Sense 1. The gear is used constantly High-utilization items are the strongest candidates for ownership and decrease your dependency on others. Examples often include: · Cables and hard infrastructure · Uncommon rigging or staging elements · Frequently deployed audio or LED and projection systems · Monitors and other items with a low entry cost. If equipment is booked week after week, purchasing can quickly outperform rental costs. 2. You need control and immediate availability Ownership provides benefits when the gear is always on hand, this includes: · Guaranteed access · Faster prep and QC · Consistent equipment and kits across all shows For production and AV companies running simultaneous or last-minute events, this reliability can be critical. 3. The equipment supports a core service line If a specific system defines your primary offering or competitive advantage, owning it may be a strategic advantage rather than purely a financial benefit. Ownership can: · Strengthen your brand positioning · Improve event and company margins over time · Enable faster and more immediate deployment This is especially true for companies specializing in recurring event formats or temporary installations. 4. Long-term ROI is clear A simple rule of thumb: If the total rental cost over 12–24 months exceeds the purchase and Maintenance price, ownership deserves serious consideration. At that point, buying may: · Reduce long-term expenses · Increase profitability per show · Create resale or B-stock value later T he Hybrid Strategy: What Most Successful AV Companies Do In practice, the smartest approach is rarely all rent or all buy. High-performing AV companies typically use a hybrid model: Own: · High-use consistent and stable technology that is always in use. · Core infrastructure parts and pieces – i.e. Power, consoles, etc. · Revenue creating systems. These are systems that make your company unique. Rent: · Rapidly evolving technology · Specialty or large-format equipment i.e Displays, LED, high dollar projectors. · Short-term or one-off needs that are specific to one or two events. This balance delivers flexibility, financial efficiency, and scalability—without overextending capital. Key Questions to Ask Before Deciding Before your next equipment decision, ask: · How often will this be used each month? · How quickly will the technology change? · Does ownership improve our margins or just add overhead? · Could renting keep us more flexible for future opportunities? · What is the true total cost of ownership over time? Clear answers to these questions usually reveal the right path. Final Thoughts Choosing between renting and buying AV equipment isn’t just a purchasing decision—it’s a strategy decision that affects cash flow, scalability, and long-term growth. · Renting delivers flexibility, access to new technology, lower upfront risk, but possibly lower margins. · Buying creates control, long-term ROI, and stronger margins for high-use gear. The most successful teams evaluate each piece of equipment through the lens of utilization, technology lifecycle, and financial impact—then build a balanced approach that supports both today’s events and tomorrow’s expansion.

Get us feedback and leave a review! Find GigReady at GigReady@GigRent.com You can reach Ethan on Facebook @ethan.merfy In December I was able to sit down with world renowned Stage manager Ethan Merfy and talk about what it takes to make it in the big...
The post Episode 21 – Touring Stage Manager with Ethan Merfy appeared first on GigRent.

Projection mapping is considerably more cost effective than traditional alternatives. You can use an existing building or object as a surface for projection, rather than revamping a building at the structural level or constructing a new artifice. Mapping saves time, money, and energy by concentrating...
The post Projection mapping is cheap appeared first on GigRent.

Our world has become increasingly oriented around technology, because too often technological advancement is prized over artistic perspective. As a society, we’ve obsessed over camera quality and features while at times sacrificing quality of content. In general, the average consumer is duped into thinking that...
The post Why 4K isn’t enough: Content matters appeared first on GigRent.

Since the world is never the same place twice, we are always living in somewhat unprecedented times. However, this year especially has presented challenges that have strained relationships of all types, including those within the church. It is crucial for church leaders to prioritize meaningful...
The post Integration appeared first on GigRent.

We are beginning to see a fundamental shift in the way that people are holding events around the world. With that in mind, we must adjust our thinking and push ourselves into the new age. Life doesn’t wait for our approval to move along; we...
The post Be a forward thinker appeared first on GigRent.





