Friday, October 24, 2014

4 Benefits of Equipment Leasing

So, you’ve decided to start a business. Congratulations! Wherever you are in your journey, there will always be new equipment that can help you to build your business so that it will truly flourish. But did you know buying that equipment, isn't your only option? Here are four key benefits of leasing equipment for your business.
  1. Conserve and Control Cash. Equipment leasing saves your working capital (bank lines) for day-to-day business expenses, business expansions, or unexpected business related expenses. In addition to saving your working capital, with a lease you have a pre-determined monthly line item, which can help you budget more effectively. With predictable monthly expenses you can develop long-term plans for your business with confidence and get your business set up with the equipment you need, while keeping your cash flow available for other expenditures.
  2. Upgrade outdated Equipment. Depending on your business type, equipment leasing can help you stay on top of the latest advances in equipment and technology. How long do you plan to keep the asset? If you're only planning to keep it for the short term, you may find that leasing is a better alternative than buying it and trying to resell it when you no longer need it. You can also determine the length of your lease, so if you work with technology that changes rapidly, you can take on a short lease to ensure you’re always at the cutting edge in your industry. 
  3. Tax Benefits. Lease financing presents your business with potential tax benefits. In many cases, leasing not only provides businesses with a full deduction of lease payments against current earnings, but also preserves working capital that you wouldn’t have access to if you had to purchase your equipment up front. It’s always a great idea to check with your tax advisor to determine the benefits for your business.
  4. More Attractive Balance Sheet. Monthly lease payments are viewed as a business expense instead of long-term debt. Having little debt on your balance sheet helps you secure financing to fund your business. And who doesn’t love a sexy balance sheet? 
Ultimately, a few simple rules of thumb may help you decide to lease or buy. If your equipment requirements are relatively small and you have the money--or can get a low-interest loan--then just buy it. You'll save money in the long run. However, if you require a substantial amount of equipment, such as computers for your new company's 10 employees, leasing may be a better option. After all, why tie up a large amount of cash--especially when you could use that money to establish or grow your business?

Wednesday, October 22, 2014

All the Self-Help You’ll Ever Need


    Yes, you can live a better, happier, more fulfilling, wealthier life. You actually can do that.

    Want to know how?

    It’s really simple, and I’m going to tell you. For free. This is how.

    Decide to actually do, that which it will actually take, to actually achieve what you want.

    There you go. I just saved you $10,000+ each for seminars and prayer breakfasts and self-empowerment weekends and whatever. However, like most people, you probably think that’s way, way too simple for you. It doesn’t appeal to your inner attraction to complication, and you need it explained in more detail. I’ll throw that in, ‘cos I like you and want you to succeed. (Yes, I really do.)

    Think about yourself in five years. Where do you want to live? What do you want to be doing? What do you want to have? Who do you want to be? Now write all that down in detail.

    Next, back-port that, a year at a time, to a year from now. If your life plan doesn’t make sense, or there isn’t enough time to achieve what you want, or whatever, edit it. It’s only ever a draft. Stuff will come up that necessitates re-drafting it; inability to accept that we cannot precisely determine the course of our lives is one of the major barriers to self-improvement. It will help with this if you subdivide your life plan into areas such as family, career, fun, money, health etc; whatever makes sense to you. You can google for example goal-setting lists.

    The purpose of this exercise is to clarify what you want, and in turn, clarify exactly how, as in by what real actions, you are going to get what you want. If there’s a logical gap, fix it.

    Having done this, frequently review your plan. You need to become somewhat obsessive about it. Your subconscious is powerful but it is lazy; unless you become subconsciously driven to achieve something, you probably won’t. You’ll find excuses to avoid it.

    The “Law of Attraction” is a mystical name for what are basically three real things. The first thing, is clarity of intention. If you’re sitting around wondering who you are and what you’re going to do, thousands of opportunities and possibilities will pass you by unnoticed. The second thing is confirmation bias: if you’re clear that you want this, any opportunity that you see that in some way approximates to this, you will notice. Same way that if you drive a red Honda, you will see red Hondas everywhere. They were there all along; you just didn’t care. The third thing, is motivated action. The scope of your possible actions is enormous. You are overwhelmed with choices and consequent analysis paralysis. If you just pick something you want, even if it’s a bit silly, and it’s motivating enough to prompt you to some action, then you will greatly increase your chances of getting it.

    There you go. Simple as that. If you don’t get it, or having got it, wish that there were some “easier way”, by all means pay the snake oil salesmen to re-explain it to you with different metaphors and in greater detail and including money. Also it is a proven fact that most humans value their experiences and possessions more, the more they paid for them, regardless of their actual utility, and accordingly paying a snake oil salesman thousands of dollars to receive advice you could get from reading an internet forum, may actually have the genuine and real effect of making you more likely to take that advice.”

Source: http://andywibbels.com/