Bill Clinton made headlines with the slogan “It’s the economy stupid”. It drove home the reality that, at that point in time, nothing else mattered as much as fixing the US economy. If you own a business of any size, you are the President of your business world – the buck starts and stops with […]
The RCMP and Insurance Companies are telling us that commercial equipment theft is back in vogue, it’s another ugly side of the current market. The internet isn’t the only place stolen equipment is bought and sold, but it’s becoming one of the largest places. Buyers can be crooks and Sellers can be crooks. This article […]
You’ve heard it a million times; what comes up must come down. The flip side for successful people is the realization that what goes down, must come back up. I’m speaking to the price of commodities, particularly oil & gas. The million dollar question is how do you plan to ride this downturn and be positioned to take advantage […]
FACT: Nearly all small business owners have to sign personally when they obtain any sizable loans or leases for their business. Therefore a good personal credit rating/score is one of the most effective way to get access to capital faster and cheaper not only for your business but for mortgages, investment loans, credit cards and […]
Businesses with dependence on the Oil & Gas sector will continue to face a bumpy ride for the short and medium term – that’s no surprise. Business owners have far less control (if any) over revenue sources right now, but still have control over costs. The need to cut fat and get lean is obvious, […]
If you run an asset intensive business the decision to chose leasing vs financing your equipment can be dramatic. However you might not realize it until your business experiences a period of rapid change (expansion or contraction). Here are 3 reasons why I believe leasing trumps loans when it comes to your equipment purchases: Reduce […]
Selling your Equipment Online for Top $$$ These days one of the best ways to determine the value of your equipment and find a buyer is on the internet. Unfortunately this is where some readers may check out because they can’t figure out the camera on their phone or the internet or both, but wait there is […]
There is a type of business partner out there that never complains, never asks for profit share and dividends, is never late for work and doesn’t cringe at your choice of new car. And that’s not all… if you don’t like this partner you can get rid of it at a reasonable cost with no legal fees and there […]
For the majority of small business owners, their personal credit is what lenders base their credit decisions on. So what makes some credit ratings better than others? Here is what industry leaders say the main categories to our credit scores are: Payment History – 35% Current Amounts Owed – 35% New Opened Accounts & Credit […]