An easy area in which to cut costs is to build a solid preventative maintenance program in your shop. This will prevent loss from machines breaking down and costly repairs. Routine checks need to be documented with dates, notes of what you found, and any general descriptions of the service performed. Do this on all mechanical equipment you own. Don’t forget to change the filters, grease the bearing, replace worn parts, keep things clean, and give these machines the loving care they deserve.
If you aren’t mechanically inclined, be sure to schedule a technician at regular intervals to make sure things are running smoothly. Often, you can get an annual service plan and extended warranty when you purchase the equipment. These experts can also help you repair, rather than replace, older equipment. Mechanical devices wear out with use, and problems will occur. Stay on of top of maintenance and replace worn parts when necessary, and they will serve you for a long time.