Running a small production line for small business is not easy because you have two options in order to start your production: the first option is buying the industrial equipment, tools, and machineries that you need; and the second opinion is renting all the equipment, tools, and machineries. Choosing the first option means you are ready to spend a lot of money to buy the new tools and machineries which could be part of your investment in your business so you do not need to order anything from 3rd party. What about option number 2? It is possible to choose option number 2, but it will cost you more than choosing option number 1.
The reason why choosing option number 2 is more expensive and wasting money is because you constantly have to renew the rental agreement and if you calculate, the amount of money you use to rent the tools and machineries could be used to buy brand new tools and machineries. The milling machine accessories for example, it might not that expensive but this machine could be one of the most important machines that you must have in your production line. Imagine if you have to rent the milling machine and when you forget to return the machine due to out of date rental contract, you have to pay for penalty fee.
When small business owners like you is having his own equipment, tools, and machineries, the only money you have to spend is to maintain the machineries because just like engines, the machineries need their regular tune up and maintenance. It is entirely up to you which option that you should take, but you need to remember that when you out of business, you can always sell your equipment, tools, and machineries and you might get fair selling price due to appropriate maintenance.