I want to discuss an industry (and equipment) that may seem somewhat unfamiliar to you, but makes perfect sense in a “that’s where technology is taking us” view. It’s the telemedicine industry, and it’s definitely changing the way physicians operate (pun not really intended, but unavoidable). Telemedicine is a broad term for using technology with a communication slant… Read More »
We’re coming to the end of the third quarter of 2016, which means it’s time to start taking a hard look at Section 179. As most of you know, Section 179 was given a big boost for 2016 (and beyond). The maximum deduction was permanently raised to $500,000, and the maximum equipment purchase was raised all the way… Read More »
I get questions all the time regarding why lenders don’t like specific industries or business types. It’s a touchy topic, because basically, there’s no way around talking about stereotypes and hurting people’s feelings. If I say “industry XYZ has a high failure rate, and therefore is a bad credit risk”, to people IN industry XYZ… well, you just… Read More »
Here’s my second post on financing retail equipment to better help a retailor compete. When we last left my pet supply store friend, he had upgraded all of the shelving fixtures and displays in his stores. Now it was time to venture into the world of cyberspace and perhaps dip his toe into online ordering and similar. This… Read More »
I’ll be writing two posts on brick and mortar retail businesses, and how they are faring in the world of online shopping and big box retailers. This came about from a conversation I had last week with a local retail business I’ve always frequented, and know the owner. This particular business is a small, local pet supply chain,… Read More »