Total Cost of Ownership (TCO)
Total Cost of Ownership (TCO)
For example, the decision to buy a television or home-theatre system may result in the following TCO analysis: the higher initial price of a high-end equipment is to be balanced by adding likely repair costs and earlier replacement to the purchase cost of the cheaper bargain brand, among other factors.
Once pass-through a cost of ownership analysis, it is quite important to understand an entrepreneur’s financial goals to arrive at a useful solution. Once opportunities for improvements are identified, the TCO process is then used to identify the alternative with the lowest total cost, based on one’s needs.
Total Cost of Ownership TCO - To learn more about this author, visit Nilesh Shah's Website.
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A TCO assessment ideally offers a final statement reflecting not only the cost of purchase but all aspects in the further use and maintenance of the equipment, device, or system considered.
For example, the decision to buy a television or home-theatre system may result in the following TCO analysis: the higher initial price of a high-end equipment is to be balanced by adding likely repair costs and earlier replacement to the purchase cost of the cheaper bargain brand, among other factors.
Once pass-through a cost of ownership analysis, it is quite important to understand an entrepreneur’s financial goals to arrive at a useful solution. Once opportunities for improvements are identified, the TCO process is then used to identify the alternative with the lowest total cost, based on one’s needs.
Total Cost of Ownership TCO - To learn more about this author, visit Nilesh Shah's Website.
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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