• 805-217-9896
  • sales@firstusfinance.com
Online Application Online Application
First US FinanceFirst US FinanceFirst US FinanceFirst US Finance
  • Home
  • About Us
  • Forms
  • Products
    • Working Capital Loans
    • Capital Finance
    • Operating Lease
    • Power Purchase Agreement (PPA)
    • Aircraft Finance
    • Improved Vendor Program
  • Finance Questions
  • Partner Links
  • Vendor Program
  • Contact
  • Finance Blog
  • Home
  • About Us
  • Forms
  • Products
    • Working Capital Loans
    • Capital Finance
    • Operating Lease
    • Power Purchase Agreement (PPA)
    • Aircraft Finance
    • Improved Vendor Program
  • Finance Questions
  • Partner Links
  • Vendor Program
  • Contact
  • Finance Blog

Are You an Equipment Financing Expert?

  • Home
  • Equipment Financing
  • Are You an Equipment Financing Expert?
Credit Preview
November 10, 2012
Equipment Leasing Vendor Program: More Sales with Less Effort
February 5, 2013
January 10, 2013
Categories
  • Equipment Financing
Tags
  • accounts receivable factoring
  • business equipment financing
  • business equipment loans
  • business finance
  • commercial lending
  • commercial loans
  • equipment lease
  • equipment leasing
  • equipment leasing companies
  • leasing companies
  • project finance
  • solar financing

We have access to more information than we ever have at our fingertips. A library full of encyclopedias is now dwarfed with the material we can all download on the internet. It allows us to be much more informed and knowledgeable but does it make us experts in any specific area? Most likely not. Information without a directed relevance in a specific area fails to give us true understanding. Knowledge without hands-on experience through testing, trial and repetition is only “book knowledge” without real world experience. But this differentiation can be confusing to some.

Do you go to your doctor and advise him how to examine you? You might go in and tell him what you feel might be wrong based on your observations and knowledge but you certainly wouldn’t go through their protocol for examination. You might have read tons of articles about what “might” be wrong but you don’t have ten, twenty or thirty years of experience and focused training treating these types of issues.

We often get calls from equipment vendors and customers wanting to know more about the finance process so they are aware themselves and on how to inform their clients. It is great to know multiple areas of your business process but to try to become an expert in each area is self defeating and disastrous. The complexity of many businesses has outdated the idea that the owner had to be an expert in each area of their company. Our office spends countless hours doing one main thing; evaluating financials, creating profiles and structuring programs that fit a particular need. Would you expect to read a few articles on business financing and do what we do as effectively? Even if you were a savvy CFO with years of experience; you would not have spent more than 10% of your time involved with equipment financing because there are various other duties which CFOs are responsible for.

If you engage with an expert (someone that knows more and has more experience than you do in an area) it is a good idea to let them do their job so you can do your job more proficiently. Of course, a key is selecting a trusted professional to service you in the first place. Reading multiple articles from unreliable or unchecked sources, which the internet is flooded with, does not make you an expert; it just increases the awareness of how much you really don’t know.

Share

Related posts

February 28, 2023

An Alliance with other Companies


Read more
January 17, 2023

Lost in the Shuffle


Read more
December 31, 2022

2022 – A Year of Change


Read more

Comments are closed.

Sign-up for Email

CA Finance Lenders Lic.
#60DBO-50969

Email: Sales@FirstUSFinance.com
Direct Line: 805-217-9896


Member of:
member logo

  • Working Capital Loans
  • Capital Leases
  • Operating Leases
  • Power Purchase Agreement (PPA)
  • Aircraft Finance
  • Improved Vendor Program
  • Finance Blog
  • Forms
  • Products
  • Business Finance Questions
  • Improved Vendor Program
  • Sitemap
© 2018 First Us Finance. All Rights Reserved | Designed and Developed by AAPNA Infotech