Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Preventative maintenance is an underrated component of homeownership and business. This one category however can save you time, money and headaches going forward. The following contributed post is entitled, Three Reasons To Implement Preventative Maintenance In Your Home or Business.
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If your home or business maintenance schedule is still run on a reactive basis, you need to get your head around Preventative Maintenance. Why? Because fixing problems before they get really bad will save money. What better reason do you need?
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When it comes to fixing that clogged pipe in your home or business location, do you take a reactive or preventative approach? If you’re not sure, you’re probably being reactive, which is costing you money. While they might sound like similar practices, preventive maintenance and reactive maintenance could not be more different in approach. While reactive maintenance focuses on fixing problems when they happen, preventative maintenance is geared towards stopping those problems from rearing their ugly heads at all. (No prizes for guessing which approach is better.)
If you still need a little convincing, the following benefits of preventative maintenance will have you scheduling in those checks and services in no time.
Enhance the Longevity of Your Equipment
Not only will preventive maintenance save you money when you don’t have to perform pricey emergency fixes, it will also extend the life of your infrastructure, machinery or equipment. For example, getting your boiler serviced regularly, before it starts to give trouble, will delay the time when the boiler eventually needs to be replaced, giving you years more use, and therefore rendering that initial installation much more cost-effective. Whether it’s in the home or at work, your expensive installations will last you longer if you schedule in regular maintenance and upkeep to avoid nasty surprises.
It is a truth universally acknowledged that time is money. If you’re a business owner, or if you’ve had to take time off work to fix something that’s gone wrong in your home, you know that every day that an essential piece of machinery or equipment spends in a non-functioning state costs you money. Extended unplanned downtime can be a real disaster for your business which can result in ruin. If your business employs people who are responsible for operating the equipment that is acting up, you’re going to be paying their wages until the repairs have been carried out. And if you work in manufacturing, it goes without saying that you’ll be losing money when you fail to meet the required output because of mechanical faults. A little downtime once in a blue moon cannot be avoided entirely, but if you think ahead and implement preventive maintenance, you’re going to dramatically reduce the amount of downtime you have to account for in your business or work schedule. Whether it’s lubrication, hydro jetting, cleaning, repairs or replacing parts, the time and money you put in will pay off when you look at the downtime you’ve avoided in the long run.
More Efficient Operations
The machinery runs most efficiently when it is in perfect working order. This means that when your equipment starts to function at less than optimal rates, your energy bill is going to creep up. You may not notice this right away, but if you let the problem continue, your bills will suddenly see extraordinarily high, and you’ll be wondering what has caused it. This is a really common problem, which can easily be avoided with a little forward planning. If you put in place routines that guarantee your equipment is going to be maintained, you will notice that your energy use remains constant, saving you money and reducing your environmental impact.
Whether you’re running a massive operation or simply keeping your home in order, preventative maintenance is the key to saving money and preventing expensive call-outs.