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 Maintenance of Tools, Equipment and Premises                                   

Maintenance refers to repairing/renewal of equipment and tools that your business is using, so that they function without interrupting the production process. Maintenance of equipment and tools can be regular or irregular based on the pre-set specification of suppliers or any time the equipment and tools get damaged. Regular maintenance would enhance the life of equipment and tools and minimises frequency of interruption in the production process.

Therefore, at the end of the business cycle, you should check the situation of your equipment and tools and get them maintained for the next production process. Do not forget that you should put aside certain amount of money to cover maintenance costs. In addition, be sure that you know there are enterprises or individuals who would do the maintenance.

Premises refer to the places where your production and/or sales activities take place.

During making follow-ups on your premises check if:

• The premises needs more space to add more equipment/machines;

• The premises needs more space to serve more customers;

• The premises requires renovation;

• You have the necessary budget to renovate the premises.

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Accounting  I  Product Development  I  Marketing
Staff and Stock I  Finance  I  Summary