Keeping Things Uncomplicated
As a small business owner, you’ve probably been a little underwhelmed by how little some finance providers may know about your business. Sure, they can talk about blended interest rates and residual values or even operate a funny calculator that uses something called reverse polish notation. Yes—that’s a thing. But what they can’t seem to do is “get” you. Because of this, business owners try to figure things out on their own and stop seeking advice. Well…stop that. You’re looking in the wrong place.
One of the hardest things about being a small business owner is feeling the overwhelming requirement of being the “jack-of-all-trades”. The thing is, “Jack” was a master of none. And most mid-sized business owners will tell you they grew beyond small business status by realizing they can’t know it all and were willing to seek advice from experts. This is never truer than in matters of finance.
Once you face the need for advice, spend your time finding the right experts rather than spending your time trying to figure it out on your own. And sure, this may involve lots of time upfront, talking to finance partners about their real experience in your type of business. It will be obvious, quickly, how much they know about the challenges you face in your business.
Just one of these issues could drive significant unplanned expenses into your operations. And it’s all completely unnecessary. Could a proactive approach to asset management reduce expenses, increase operational efficiency and even improve financial measures?
Once found, this partner can open doors for you that were previously unimagined. They can guide you through real ROI conversations because they know your equipment or talk about equipment life cycles and how best to position your cash flows. They can position you for success with financing as a young business or long-established enterprise.
At TimePayment, being a real partner that finances equipment for small businesses is what we do. And helping people achieve more in their business is in our blood. Feel at ease, ask for help and always know that we keep things uncomplicated.