Author: Jim Coxon

Because I specialize in equipment and software financing between $1k - $1mil, it's important that I move rapidly. And with the help of my team, I'm able to move deals from application to funding within hours. And not just for well-established companies, I close quickly on start-ups and sole props as well. I work hard every day, rarely take a day off, and ALWAYS return calls. And with my decade-plus of experience in finance, I know how to work a deal. Call me and find out for yourself.

Retain employees and grow your business.

In times of economic uncertainty, businesses may find themselves facing tough decisions when it comes to managing their finances. One of the most challenging decisions is often whether to lay off employees or cut expenses in other areas of the business.

One strategy that can help businesses avoid layoffs is to lease equipment rather than buying it outright. By leasing equipment, businesses can conserve their cash flow and keep their capital available for other expenses, such as payroll and other operational costs.

Leasing equipment has a number of advantages over purchasing it outright. For one, leasing typically requires less upfront capital than buying, which means that businesses can preserve their cash and avoid taking on too much debt. Additionally, leased equipment may be tax deductible, which can provide further savings for businesses.

Another benefit of leasing equipment is that it can help businesses stay up-to-date with the latest technology. Leasing allows businesses to upgrade their equipment on a regular basis without having to make a significant financial investment each time. This can help businesses stay competitive and efficient, which is especially important in industries that rely heavily on technology.

Leasing equipment can also be a more flexible option than purchasing. Many leases offer customizable terms that can be tailored to a business’s specific needs. For example, businesses can often choose the length of the lease, the payment schedule, and the type of equipment they want to lease.

Despite potential drawbacks, leasing equipment can be a valuable tool for businesses looking to conserve cash and avoid layoffs. By choosing to lease equipment rather than buy it outright, businesses can keep their capital available for other expenses and ensure that their employees remain employed.

Because I specialize in equipment and software financing between $1k – $1mil, it’s important that I move rapidly. And with the help of my team, I’m able to move deals from application to funding within hours.
And not just for well-established companies, I close quickly on start-ups and sole props as well.
I work hard every day, rarely take a day off, and ALWAYS return calls. And with my decade-plus of experience in finance, I know how to work a deal. Call me and find out for yourself.

Fight inflation by conserving cash

Inflationary times can be challenging for businesses of all sizes. Rising costs of goods and services can put a strain on cash flow, making it difficult for businesses to operate effectively. In such situations, it’s essential for businesses to conserve their cash and make strategic decisions about how they allocate their resources. One strategy that can be particularly effective during inflationary times is leasing equipment.

Leasing equipment can be a smart move for several reasons. Firstly, it can help businesses conserve cash. When a business leases equipment, they don’t have to pay the full purchase price upfront. Instead, they make monthly payments over the course of the lease agreement. This can help to reduce the financial strain on the business and free up cash that can be used for other essential expenses.

Inflationary times can also make it more difficult for businesses to secure financing. Banks and other lenders may be less willing to lend to businesses during times of economic uncertainty. Leasing equipment can be an attractive alternative to traditional financing options because it’s often easier to obtain and requires less paperwork and administrative work.

Finally, leasing equipment can help businesses to stay up-to-date with the latest technology and equipment without having to make a significant investment. This can be especially important during inflationary times when the cost of goods and services is increasing, and businesses need to find ways to be more efficient and cost-effective.

In conclusion, leasing equipment can be an effective strategy for businesses looking to conserve cash during inflationary times. By reducing upfront costs, providing flexibility, and offering an alternative to traditional financing options, leasing equipment can help businesses weather economic uncertainty and stay competitive.

Now is your time to grow.

The economy is a constantly changing landscape that can be difficult to navigate, especially for business owners. When times are uncertain and the economy is volatile, many business owners may be hesitant to invest in their business, fearing that it is too risky.

However, the reality is that the best time to invest in your business is often when the economy is uncertain. In this blog post, we will explore why this is the case and provide some tips on how to make smart investments during uncertain times.

Lower Costs
During uncertain economic times, many businesses cut back on spending, which can create opportunities for savvy business owners. Suppliers may be willing to offer better deals on products or services, and there may be more available talent on the job market.

By investing in your business during a downturn, you may be able to take advantage of these lower costs to expand your operations or improve your products or services. This can position you for greater success when the economy eventually rebounds.

Increased Flexibility
When times are tough, businesses must adapt quickly to changing circumstances. This often requires investing in new technology, training programs, or other resources to stay competitive.

By investing in your business during uncertain times, you can build greater flexibility into your operations. This can help you to weather future economic storms and position your business for long-term success.

Better Access to Capital
When the economy is booming, it may be difficult to secure funding for your business, as lenders and investors are often flooded with requests. However, during uncertain economic times, investors may be more cautious and conservative in their investment strategies.

This can create opportunities for business owners to secure funding at better rates or terms than they would be able to during a stronger economy. By investing in your business during a downturn, you can position yourself for success when the economy eventually rebounds.

Tips for Investing During Uncertain Economic Times

Investing in your business during uncertain economic times can be a smart move, but it’s important to be strategic in your approach. Here are some tips to keep in mind:

Conduct a thorough analysis of your business’s financials to identify areas where you can cut costs and free up capital.

Consider investing in new technology or training programs to build greater flexibility into your operations.

Focus on investments that will provide a clear return on investment (ROI) and avoid speculative investments.

Don’t be afraid to seek out funding or investment opportunities, but be sure to thoroughly vet any potential partners or lenders.

Stay focused on your long-term goals and be prepared to weather short-term economic storms to achieve them.

In conclusion, investing in your business during uncertain economic times can be a smart move if done strategically. By taking advantage of lower costs, building greater flexibility into your operations, and securing better access to capital, you can position your business for long-term success. Just remember to stay focused on your goals and make smart investment decisions based on a thorough analysis of your business’s financials and the current economic landscape.

Reduce Turnover

Employee retention is crucial for the success of any organization. High employee turnover can negatively impact productivity, morale, and overall performance. It can also be costly to recruit and train new employees. Therefore, companies need to take measures to retain their valuable employees, and providing new equipment is an effective way to do so.

New equipment can help to create a positive work environment, which is critical for employee retention. Modern equipment can be more efficient, safer, and easier to use. Employees will appreciate having access to up-to-date equipment that allows them to perform their jobs more effectively and efficiently. This can lead to increased job satisfaction and a sense of pride in their work.

Providing new equipment also demonstrates that the company values its employees and is invested in their success. It sends a message that the company is committed to providing a safe and comfortable work environment, which can have a positive impact on employee morale. When employees feel valued and appreciated, they are more likely to stay with the company.

Another way that new equipment can help with employee retention is by providing opportunities for growth and development. New equipment may require additional training and skills, which can be an opportunity for employees to expand their knowledge and expertise. This can help them feel more engaged and committed to their work, and provide them with a sense of purpose and accomplishment.

Moreover, modern equipment can also offer better working conditions, which can be a major factor in employee retention. For example, if an organization replaces outdated machinery with new ones that are quieter, cleaner, or produce fewer emissions, the work environment becomes safer, healthier, and more pleasant. This can make employees feel more comfortable and satisfied with their jobs, which can reduce stress and improve their overall well-being.

In conclusion, providing new equipment can be an effective strategy for employee retention. It can help to create a positive work environment, demonstrate the company’s commitment to employee success, provide opportunities for growth and development, and improve working conditions. By investing in modern equipment, companies can not only retain their valuable employees but also improve overall performance and productivity.

80% of businesses can’t be wrong.

In today’s fast-paced business environment, it’s no surprise that a high percentage of businesses choose to lease equipment rather than purchase it outright. According to the Equipment Leasing and Finance Association, equipment leasing accounts for approximately 80% of all equipment financing in the United States.

There are several reasons why businesses opt for leasing instead of buying. One major benefit is that leasing allows businesses to obtain equipment without a large up-front investment. This can be especially beneficial for small businesses or start-ups that may not have the financial resources to make a large purchase. Leasing also allows businesses to conserve their working capital, which can be used for other important business expenses.

Another advantage of leasing is that it allows businesses to obtain the latest equipment and technology. With the rapid pace of technological change, businesses that purchase equipment may find that it becomes outdated quickly. Leasing, on the other hand, allows businesses to upgrade their equipment on a regular basis, ensuring that they always have the latest technology at their disposal.

There are also tax benefits associated with leasing. In many cases, businesses can deduct the full cost of leasing payments as a business expense. This can help businesses save money on taxes and keep more money in the company.

Overall, leasing equipment offers a number of benefits for businesses. It allows them to obtain equipment without a large up-front investment, obtain the latest technology, and save money on taxes. With such a high percentage of businesses choosing to lease equipment, it’s clear that leasing is a smart business decision.