Equipment Leasing Blog

Opportunities Abound - Seize the Day!

Wednesday, June 29, 2011

Benefits of Leasing Capital Equipment

Capital assets are required for nearly all businesses to operate effectively. Opportunistic business owners can benefit greatly from alternative purchasing options and government tax incentives when leasing new business equipment. Fortunately for small business owners seeking capital assets, Congress expanded Section 179 of the Small Business Jobs Act of 2010 in February of 2011.


Under the current provision, business owners can deduct the full purchase price, the limit of which has been increased to $500,000, from taxable profit in a single year. While previously, the limit on equipment purchases was set at $800,000, the 2011 limit on equipment purchases has been set at $2 million. Additionally, small business owners purchasing capital assets that total more than $500,000 can also deduct "Bonus" Depreciation on the remaining value.


Before these tax incentives were established, business owners could only depreciate the equipment year over year or expense a small portion of the equipment cost. However, this option encourages small business owners to invest in their own businesses, and at the same time, encourage general economic growth.


Section179.org highlights capital leasing options as cost effective, and in some cases, profitable methods of obtaining capital assets. According to this resource, businesses who lease qualifying capital assets can deduct the full value of the equipment without paying the full cost of the equipment in a single year. The resulting tax savings can actually exceed the required payments, which means businesses can actually make money during the first year of the lease.


To determine if capital leasing is the right option for your business, you can use a tax savings lease calculator which will show you the true cost of ownership of your capital assets.


For a full description of Section 179 tax incentives and provision requirements, visit IRS.gov.

Labels: , ,

Bookmark and Share
posted by Tiger Leasing @ 9:06 AM 0 Comments Links to this post

Monday, June 20, 2011

Generating New Business Ideas

It's rare that a stagnant business will continue to make steady gains over time. Successful small business owners know that the products and services they offer must align with the wants and needs of their ever evolving customer base. As a result, businesses that continue to thrive are constantly reviewing and revising their inventory and offerings. However, generating new business ideas that can be developed into profitable ventures is easier said than done, so start with a plan:

Establish a benchmark: Before making major changes to your product or service offerings, the first step should always be to determine the current state of your business. Without a standard by which you can measure future success, you'll have no idea whether or not the endeavor met your business goals. This will also give you the chance to reexamine the fiscal state of your business and the feasibility of growth. New endeavors can be risky investments - you don't want to risk the success of your entire business to hang in the balance because you didn't set aside enough expendable capital. Conversely, if you develop a new product or service and it takes off, will you have the resources and staff necessary to accommodate the demand?

Ask your customers: While some of the most successful business ideas were developed off-the-cuff, many more or cultivated from consumer research. The easiest way to get some great starter ideas is to simply ask your audience. Sit down with your existing customers and ask what product or service upgrades would be useful to them. You can also consider secondary research within your industry.

Reexamine your existing products or services: One of the most effective ways to develop product or service improvements is to put yourself in your customers' shoes. Take time to put your own merchandise to use from a consumer perspective and see if you notice any flaws that could be remedied or enhancements that could make them easier to use. If you're a small business owner in the service industry, take the "secret shopper" approach. Focus on user experience: what procedures or options could be changed or added that would increase the value of your service?

Have a backup plan: Sometimes, no matter how much research you've done that predicts the contrary, a new product or service will flop. For example, in 1985, after conducting thorough research and widespread taste tests, Coca-Cola introduced "new" Coke. Though testing indicated that consumers loved the new taste, consumers were outraged when the "new and improved" recipe replaced their old favorite. Coca-Cola failed to determine the emotional effect that a product change would have on nostalgic consumers. At great expense, the company reverted to the original formula. The lesson: no matter how sure you are about a business decision, always have a contingency plan in place.

Developing ideas for new products and services is essential for business growth. Generate profitable business ideas and avoid costly investment mistakes by developing a tailored plan of action for your business.

Labels:

Bookmark and Share
posted by Tiger Leasing @ 8:58 AM 0 Comments Links to this post

Wednesday, June 8, 2011

Making a Good First Impression: Your Office Design Can Affect Success

When you're meeting someone unfamiliar, first impressions can mean the difference between a productive professional relationship and failed networking attempt. The same holds true for your office space. While ideally, potential customers and clients will base their business decisions on your track record and qualifications, it's a social instinct to make judgments based on the surrounding environment. As a result, the quality and condition of your office furnishings may have a hand in making or breaking future business deals.

According to the text Social Psychology by Smith and Mackie, "Because people select and create environments that reflect and reinforce who they are, observers can quite accurately form impressions of others from environmental cues like dorm rooms and single-person offices." Business owners should carefully consider the current state of their office environment and consider upgrading office furniture to garner positive first impressions from customers.

Consider that the office furniture you select will be a reflection on your business. Choose from styles including:

  • Modern: Clean lines and stylish pieces indicate forward thinking and bold innovation

  • Green: Sustainable office furnishings alert customers that social responsibility is an important mission of your organization

  • High-Tech: Flashy gadgets and high-tech tools distinguish your business as communication savvy and data dependent

  • Classic: Offices outfitted with rich woods and leather office furniture give the impression of tradition, sophistication and attention to detail

  • Creative: Bright colors, abstract shapes and artistic detail indicate that your business relies on innovative ideas and imaginative projects

  • Sterile: A spotless office space outfitted with hygienic furnishings distinguish you and your employees as serious individuals who value following procedure and seeking perfection
When choosing new office furniture, first consider the habits and preferences of the clients to which your business caters. For example, if you're refurnishing a dental office, your clientele expects a sanitary environment. However working to present a warm, inviting setting may have a calming effect on nervous patients. Alternatively, the office of a recording studio may want to utilize bright colors and artistic pieces to instill the impression of creativity within their space. In the end, you know your clients best - your office space should reflect their needs as well as your own.

Whether you're renovating your existing office space or starting from scratch, be sure you don't overlook any necessary furnishings or office supplies. Below is a checklist to consult when buying or leasing office furnishings


  • Desks
  • Chairs
  • Client Seating
  • Organizational Furnishings
  • Reception Area
  • Bookcases
  • Filing Cabinets
  • Fire Proof Safe
  • Bookcases
  • Work Tables
  • Wastebaskets


  • Wall Whiteboards or Bulletin Boards
  • Office Decorations
  • Computers & Monitors
  • Surge Protectors and Power Cords
  • Scanners, Printers & Projectors
  • Paper Shredders
  • Fire Extinguisher
  • First Aid Kit
  • Security Systems

Your office environment is a reflection of your business and the working style of you and your employees. Choose quality furnishings that accurately mirror the positive traits and goals of your business. Most importantly, strive to make your potential clients and customers feel at ease when they visit your business domain.

Labels: ,

Bookmark and Share
posted by Tiger Leasing @ 2:20 PM 0 Comments Links to this post