The classifications we use to describe businesses bothers me sometimes. For example, the Small Business Administration generally considers businesses with less than 500 people a “small business”. Fair enough, but does anyone really think a 450-person company is small? I sure don’t. I also talk to many small business owners who feel the same way – they go… Read More »
Are you waiting for things to “get better”? I’m not. And your competition probably isn’t either. I posted a bit back about “Clarity in an Unclear Year” where I mentioned if you are still surviving, things look good. But that does not mean you can sit on your hands either. I’m no medical expert, but it’s clear to… Read More »
I mentioned opportunity at the end of my last post. Let’s expand on that. As we navigate through what is proving to be an extremely “different” business environment, I am reminded of a local planning board meeting I attended a few years ago. Under discussion was a recent blight of failed businesses, and some empty buildings on the… Read More »
Every spring, I do a “hot and not in equipment financing” series of posts. And since I’ve always done it, I will do it in 2020 as well. That said, it does feel strange doing this in the middle of the COVID-19 crisis. So it’s with an addendum: I’ll talk about a few industries that are doing well… Read More »
Ok, I did my “what’s hot” post, so now I have to discuss what’s “not hot” in equipment financing. Part of me would rather not do this, because it feels like a downer. Pointing out what businesses are not financing new or used equipment feels like it’s picking on them. But then I rationalize it’s more or less… Read More »