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Archive : March 2014

how to finish big in buisness

By The Leasing Group

What is Your Edge?

Check the Internet any day of the week and you’ll find no shortage of “experts” promoting easy paths to intelligent investing and wealth accumulation.

 

“Follow these seven strategies to achieve investing success.”

 

I’m always surprised by how simple they make it sound, because successful investing is neither simple nor easy.  Becoming a successful entrepreneur isn’t either.  Recently, I found the following list.  Although intended to help navigate the troubled waters of the stock market, this list also serves as a guide for entrepreneurial “wanna-bes.”

 

  1. Find an Edge
  2. Manage Risk
  3. Be Disciplined
  4. Stay Flexible

 

Find an Edge

No company will get far without a solid value proposition, be it price, location, service, experience, quality or whatever else drives its revenue.  Every entrepreneur must discover an edge.  What sets you apart from your competitors?  When you figure it out, go tell the world.

 

Manage Risk

We evaluate options and make decisions everyday, and options carry risk.  The trick is to manage the process.  Before going bankrupt, the Penn Central Railroad bet the company on the future of passenger trains.  That was a big risk.  Penn would have been better off hedging their bet with automobiles and airplanes.

 

Be Disciplined

Someone once told me that a good entrepreneur never does anything between 8:00 and 5:00 that can be done between 5:00 and 8:00.  In other words, working hours are made for selling.  Paperwork comes later.  That takes a lot of discipline.

 

Stay Flexible

Back in 2002, Apple was unprofitable.  Early internet flops tarnished its appeal, its retail stores were viewed as dumb ideas and music-playing iPods were seen, even by some Apple executives, as relatively insignificant.  Worse yet, the Macintosh wasn’t selling.  Thankfully, the company was flexible enough to innovate.  The rest is history.

 

Find a market advantage, manage your risks, be intentional and disciplined, while also flexible.  Maybe you’ll be an Apple too.

 

Leasing Questions? (502) 456-2800

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business leasing success approved

By The Leasing Group

“We’ve Got Cash to Lend”

We haven’t heard a banker say that in a while, at least not in the last five difficult years.  But that quote comes directly from a recent article in our local business newspaper.  The quoted banker was trying to make a point.  Once crushed by bad real estate loans, his bank has emerged stronger than ever with money available for lending, including loans to small and mid-sized businesses.

 

Public perception would tell you that banks are still reeling from the financial crisis; that bank examiners continue to place barriers between banks and their customers; that banks remain hunkered down for fear of making many of the same lending “mistakes” and getting penalized for risky underwriting.

 

In reality, we find this perception only partially true.  Yes, examiners are difficult, sometimes even unreasonable, and yes, there is still a fear of repeating questionable lending practices of the past.  But there is also a realization by bankers that loan growth must again lead them to profitability, only this time growth will extend beyond real estate lending to business equipment loans and leasing.  This is great news!  The path to loan diversification leads directly through small and mid-sized entrepreneurial companies.

 

As the economy continues to recover and business owners regain confidence, they will pull delayed growth plans from their shelves.  When they do, banks stand ready and willing to again loan idle funds.

 

In the future, we can expect more banks to scream “Come see us.  We’ve got cash to lend.”

 

Leasing Questions? (502) 456-2800

Business Leasing Application Online

More Experience, More Sources, More Approvals

how to finish big in buisness
What is Your Edge?
business leasing success approved
“We’ve Got Cash to Lend”