Sep 22, 2026 · 10 min · 10 segments
In Part Two of the Fall Business Audit, Mike finishes breaking down the areas every business owner should evaluate before the year ends. Are your trucks and equipment making you money or quietly…
Mike GarveyHost
Part two of the fall business audit, you know, just like part one, this isn't an audit by the IRS we talked about, but do an audit of your operation.
We talked about your numbers, your customers, your services, your pricing, your team numbers.
Real quick, I wanted to talk about equipment, taking a look at your equipment, what worked this year.
Piece of equipment, you know, it's always something, you know, you don't want to get anything new.
It's saving us, you know, you think it's saving us money, but meanwhile, it could be breaking down all the time, sitting in the shop, slowing down the crew, forcing you to keep or just to have it.
I think what we do, again, is going machine by machine and vehicles, I should say, too.
This doesn't just apply to equipment, is how often are you using it? How much revenue is it making you? How much did you spend on repairs and maintenance? How much downtime did it cause? Is it even dependable? Does it make your team more efficient or does it create more work for them? And I think look at not just repair bills, but look at...
If a machine breaks down, what jobs had to reschedule? Did you have to pay overtime that week to catch it up? Did the customer get frustrated because you missed the day that you were supposed to be there? And then I think looking at things before you buy it, doing the math before you need to buy something new, How many jobs will you take to pay for that new machine? How many labor hours will it save? Who's going to operate it? Where are you going to store it? And then the trailer and truck to tow the piece of equipment.
So I think looking at equipment at the end of the season, creating a plan not right before spring starts, it's make a couple lists.
Equipment that needs to be repaired and serviced, equipment that needs to be sold or replaced, and equipment you need to purchase.
And the goal of the equipment audit is not only to just go on a shopping spree, it's to make sure every truck, trailer, piece of equipment, tool has a purpose and it's helping your business, not draining it.
Part two of the fall business audit, you know, just like part one, this isn't an audit by the IRS we talked about, but do an audit of your operation.
We talked about your numbers, your customers, your services, your pricing, your team numbers.
Real quick, I wanted to talk about equipment, taking a look at your equipment, what worked this year.
Piece of equipment, you know, it's always something, you know, you don't want to get anything new.
It's saving us, you know, you think it's saving us money, but meanwhile, it could be breaking down all the time, sitting in the shop, slowing down the crew, forcing you to keep or just to have it.
I think what we do, again, is going machine by machine and vehicles, I should say, too.
This doesn't just apply to equipment, is how often are you using it? How much revenue is it making you? How much did you spend on repairs and maintenance? How much downtime did it cause? Is it even dependable? Does it make your team more efficient or does it create more work for them? And I think look at not just repair bills, but look at...
If a machine breaks down, what jobs had to reschedule? Did you have to pay overtime that week to catch it up? Did the customer get frustrated because you missed the day that you were supposed to be there? And then I think looking at things before you buy it, doing the math before you need to buy something new, How many jobs will you take to pay for that new machine? How many labor hours will it save? Who's going to operate it? Where are you going to store it? And then the trailer and truck to tow the piece of equipment.
So I think looking at equipment at the end of the season, creating a plan not right before spring starts, it's make a couple lists.
Equipment that needs to be repaired and serviced, equipment that needs to be sold or replaced, and equipment you need to purchase.
And the goal of the equipment audit is not only to just go on a shopping spree, it's to make sure every truck, trailer, piece of equipment, tool has a purpose and it's helping your business, not draining it.
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