September 5, 2023
While equipment financing can offer numerous benefits, there are situations where a business owner might prefer to pay cash for equipment acquisition. Here are a few key reasons: Cost Savings: Paying with cash avoids interest charges and fees associated with financing. If the business has the necessary capital readily available,… Continue Reading Key Reasons a Business Owner Would Not Want to Finance Equipment
June 16, 2023
Commercial lending rates are influenced by various factors, including the prime rate, which is the interest rate that banks charge their most creditworthy customers. When the prime rate changes, it can have a ripple effect on other interest rates, including commercial lending rates. In general, when the prime interest rate… Continue Reading How does the current prime interest rate of 8.25% in the United States affect commercial lending rates?
April 7, 2023
As business owners, we cannot waste time on activities that give us little benefit. We must focus on our clear profit producers, get the key things done and finish so we can relax down time without stressing over what we couldn’t get done. Here are some action items that may… Continue Reading Business Owners Have No Time to Waste
February 28, 2023
Working with other businesses as close allies can have several positive outcomes: Access to resources: Partnering with other businesses can provide access to resources such as capital, expertise, and technology that can be used to improve a company’s operations and competitiveness. Increased innovation: Collaboration with other businesses can lead to… Continue Reading An Alliance with other Companies