Information about equipment leasing - what it means and the way to use it for funding assets for your venture (franchise reviews)

By Amanda Paxman

  Finding an equipment leasing company should be fairly easy. The marketplace for leasing is huge and because most equipment may currently be leased it is just a job of tracking down a finance company who deals with equipment leasing. Most of the time the company selling the equipment does not supply the finance themselves directly, they depend upon a 3rd party equipment leasing company. The supplier selling the asset typically has a link with a preferred finance supplier who has data about the leasing business and access to the finances that are required to put a lease agreement in place.

Similar to all areas of business purchasing you ought to seek to source several proposals when selecting an equipment leasing firm. You typically can get a quote straight from the equipment dealer if the case is clear-cut. The costs charged by the suggested finance provider should be near to market prices. Then again, not every company will find that it gets the best quotation in this way. The solution is to aim for at least one other quote and if at all possible a number of quotations from alternative leasing corporations as they can have different objectives between them which could cause a much better arrangement for you.

Asset finance is a all-encompassing term describing the various methods that are utilized to support the acquisition of assets for a firm. In a number of scenarios the assets are not really owned by the business since the finance provider keeps title to the equipment. The key point from the company owners viewpoint is that they get the use of the equipment in return for frequent payments. Usually what is more important to a company is that they’ll utilise an asset, no matter whether they directly own it or not, to permit their firm to operate effectively and deliver greater levels of profitability.

One kind of equipment leasing is where a company commits to an Operating Lease. In this instance the asset belongs to the lessor who effectively rents the equipment to the lessee over an contracted timescale (usually one to 5 years). At the end of the contracted period the finance provider will either sell the asset in the second hand market or lease it again. This means that the lease costs can be kept low since the full asset value does not need to be recovered by the lessor in the primary period. At the end of the lease term the asset is either returned to the finance company or an additional lease agreement might be put in place.

A conventional kind of asset finance is referred to as Contract Hire. This is another kind of operating lease and is usually adopted for acquiring vehicles. Most contract hire agreements include a number of possible service features including maintenance, replacement during repair, management, etc. When contract hire is employed the lessor retains ownership the asset. The method in which the leasing payments are decided is based on a residual price of the asset after a preordained period has terminated. This means that the cost calculations incorporate a charge to recoup the asset depreciation during the course of the rental period.

In common with all areas of commercial purchasing you should try to source many quotations when choosing an equipment leasing supplier. You usually will get a quotations straight from the equipment vendor if the case is simple.


Getting Everyone on the Same Page

By Jonathan Rojas

  Picture yourself entering a corporate meeting, team meeting, or business meeting. There you are sitting in the room, while someone in the “expert” or “boss” chair speaks to you or at you. There you are, not aligned with that person’s mission or vision. There you are, feeling apart from the process. There you are, lacking energy and the desire for being there. There you are, hearing what is going wrong and what you or your team or department needs to change or improve. How are you feeling?

Are you feeling a great connection to the meeting? Are you feeling enthusiastic about being in attendance at the meeting? Are you fully present at the meeting? Are you deeply tuned in and listening with your heart and your head? Are you inspired to co-create, participate, and contribute? Or, are you ready to fall asleep, or count the minutes of what you feel is wasted time?

My experience in my two plus decades of being in business and in coaching business clients around the world is that the system of meetings, clearly, must change. Most meetings don’t include participant involvement and actually serve to tune people out rather than tune them in, and as a result, the intention of the meeting falls short of its purpose. In other words, they really can be a waste of precious company time.

The process of Meeting Alignment, that we’ve been teaching companies around the world, has allowed them to use a systematic process that engages people in meetings and creates a desire for them to contribute and fully participate in these business meetings.

The Meeting Alignment Process and the results it creates include:

A desire to co-create: The purpose of a meeting isn’t to get across “your” agenda; it shifts to sharing your thoughts and hearing fully the thoughts and ideas of others to co-create the meeting purpose and actions.

Deep tuning in: Most meetings involve people talking and listening to themselves. The Meeting Alignment Process teaches people to fully listen with their hearts and to listen beyond the words to what is not said, to emotions, and to fully hear others.

The Meeting Alignment Process teaches techniques of being non-judgmental, so that people can fully hear and support each other and let new ideas IN vs. rule out and defend against why things won’t work. It produces a safe environment in which people feel encouraged to participate.

Non-attachment: Many people think meetings are about a specific outcome occurring - the meeting holder’s outcome… that’s a surefire way to alienate people and result in them NOT wanting to support you. The Meeting Alignment Process allows for each person to give up “their” outcome and allows the meeting and solutions to unfold for the good of the entire group.

What’s wrong: Most meetings focus on problems, fixing problems, or informing people of change. The meeting needs to come from a place of asking what IS working and involve what IS the right type questions. These questions form the basis of creating a positive energy flow and opening up creativity. It’s the basic principle of encouraging a sense of positivity rather than negativity.

Framework of questions: Questions in this process focus on what is working, why it works, what would be the perfect ideal vision, and what isn’t quite right yet, and then, coming up with resources and inspired actions to create the outcome of the meeting.

Feel good! When people attend a meeting where EVERY idea is praised and contributions rewarded and people thanked and really appreciated for their contributions, this raises self-esteem, confidence, and morale. People want to participate in meetings that make them feel good, not only about the company they work for, but about themselves and their role in it.

This process is effective in all companies and will work with all size groups. It requires a shift in the employer and leaders’ thinking, from managing and bossing and telling to coaching and co-creating and sharing. The effect is profound. People treated with value and respect, rise up to challenges. They are more excited to solve problems, participate in the mission and vision of the company, and create more productivity. They feel that the company’s success is their success. It motivates them to greater achievement.

Companies following a systematic process of creating a Meeting Alignment Process, take morale out of the toilet bowl fast. Their employees are happier, their retention rates rise, and the corporate culture shifts to one of enthusiasm.

A beneficial win-win situation is created and everybody gets to bask in success.

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