Buying expensive equipment for your business ties up money that can be better used for daily operations. There are two common alternatives to buying. The first is leasing, which is like renting your office space in that you pay a monthly fee to use an asset that you never own. The second is financing, which […]
If you own a construction business, you know that purchasing new equipment can throw a wrench in your company’s budget and drastically impact your bottom line. Taking advantage of financing options allows you to expand your business without tanking your cash flow or exploding operational costs.
Oil fields are opening back up in Texas. The industry is booming, and there is a growing need for labor. This spike in activity will also heighten the demand for new equipment, used equipment and equipment repairs. If you do any sort of work involving oil fields, it is time to consider the merits of equipment […]
Whether you’re trying to expand or simply support your current client base, your business needs equipment. But not all businesses are in the position to invest money in purchasing new property. Instead of purchasing equipment brand new, you may want to consider either leasing or financing. Either can be achieved without having to tap out […]
Changes in working capital are quite common in the business world. Such a change is best defined as the alteration to net working capital between accounting cycles. Net working capital is equal to the difference between existing assets and existing liabilities. Every business manager is intent on minimizing upward alterations to working capital in order […]