Black Friday and Cyber Monday (BFCM) are traditionally associated with retail shopping, but event businesses can also benefit from these shopping holidays by taking advantage of significant discounts on event furniture and equipment. By capitalizing on these deals, event businesses can upgrade their inventory, save costs, and enhance the overall experience for their clients.
Here are some key reasons why event businesses should consider taking advantage of Black Friday Cyber Monday sales:
Upgrade Your Inventory:
BFCM is the perfect time to refresh your inventory with newer, trendier pieces. Investing in high-quality furniture and equipment can elevate the look and feel of your events, attracting more clients and generating higher revenue.
Prepare for Future Events
By stocking up on essential items during BFCM, event businesses can be better prepared for upcoming events. Having a well-stocked inventory can help you meet client demands efficiently and avoid last-minute expenses.
Take Advantage of Section 179:
Section 179 of the Internal Revenue Code allows businesses to deduct the cost of certain property, including event furniture and equipment, as an expense rather than capitalizing it. This can provide significant tax benefits and further reduce the overall cost of your purchases.
By strategically planning and taking advantage of Black Friday Cyber Monday sales, event businesses can position themselves for success. By upgrading their inventory, saving costs, and enhancing their offerings, they can create more memorable and profitable events for their clients.