Running events are commonplace in cities and communities today. Whether it is just a fun run or a charitable activity, running events will require certain essential equipment depending on the running route chosen, numbers expected during the event or just as a matter of government policy on holding such events. For event organisers, deciding on whether to buy or rent the running event equipment is one of the hardest decisions to make. Here are some factors to guide the organisers in helping them arrive at a sound decision:
Is the Event a Regular Activity?
This is the most important factor to consider. If the event is a one-off affair, it is prudent to consider leasing the equipment. The rationale behind this is that running equipment does not come cheap and if the event won’t be there again, why would you buy? Renting becomes the most feasible option. Conversely, if the event is to be held regularly, for instance biannually or annually, you might consider purchasing some equipment and renting some. It may be uneconomical to rent running equipment every six months for an event that intended to remain on the calendar for years to come.
Before making that crucial decision, think about the financial and non-financial resources you will need to acquire the equipment. As stated earlier, running equipment is costly. If you are planning a small event, you may not have the financial muscle to buy the equipment. Similarly, if you are planning a charity event, it may not be advisable to buy the equipment since you need to keep costs as low as possible in order to achieve the charity goals.
Conversely, a huge running event with thousands of participants paying participation fee might force you to buy the equipment. Consider also whether you have the skills to operate the equipment. If not, you may consider renting.