Red, green or black: Balancing the color of money

Balancing furniture asset managementMany businesses and organizations have a vision to be green. Every business needs to stay out of the red and in the black. Meanwhile, a number of businesses are torn because they associate being green with being in the red, and that environmental initiatives come with unavoidable costs.

The simple truth is that businesses don’t need to pick one objective over the other. At The Refinishing Touch we know that environmental sustainability and financial sustainability are both sides of the same coin. In other words, being green goes hand-in-hand with being in the black.

Assets are valuable, not merely as functional objects but for operational efficiency: Furniture asset management, whether it is refinishing, reupholstery or remanufacturing, preserves furniture as a long-term asset that benefits the balance sheet. Compare this to replacing worn furniture with cheaply made substitutes which requires sizeable capital expenditure – and repetition over a disappointingly short cycle. Refinished solid wood pieces are more durable and require less maintenance than new pieces. Poorly-made furniture of veneers and composites will not last a decade, and replacements will have to be budgeted for again in one-third of the time.

Over almost four decades we have helped more than 22,000 organizations and businesses to deliver rapid returns on investment while improving property at savings of up to 80% over replacement furniture assets.

Reducing costs through sustainable asset management improves efficiency, increases profitability and mitigates operational risk. That’s the true bottom line. The positive environmental impact is demonstrable, but the financial benefits are significant, measurable and repeatable.

Please email us today to discuss the financial and business benefits that furniture asset management could deliver for your business.

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