Finance as a tool for your business...
Are your current asset funding methods appropriate for the expected life of your business assets and how you intend to use them?
Financing can be an effective tool to apportion the acquisition cost of any asset over a term that is relative to the useful life of the asset. This can provide you with manageable monthly payments and preserve cash flow.
The choice of which is the most appropriate finance option comes mainly down to:
What you intend to use the asset for?
What is the useful life of the asset within your business (long or short life)?
Is ownership of the asset important to you?
The answers to these questions will help you to determine what finance option might suit best, whether it is a:
Loan product (generally more suited to longer life assets that earn you money) or a
Lease/Rental product (generally more suited to assets that depreciate very quickly)
In any event it is wise to choose a finance provider who will help you to understand the implications for your business
Christmas Inspiration
10 days to go! Christmas decor inspiration at the Red Cross Shop K Road 💝
📍191 Karangahape Road, Auckland Central
🕐 Mon-Sun: 9.00am to 5.30pm
📞 093778072
Brain Teaser of the Day 🧠✨ Can You Solve It? 🤔💬
How many balls of string does it take to reach the moon?
(Peter from Carterton kindly provided this head-scratcher ... thanks, Peter!)
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
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Poll: Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝
There’s growing debate about whether New Zealand’s extended Christmas break (and the slowdown that comes with it) affects productivity.
Tracy Watkins has weighed in ... now it’s your turn. What’s your take? 🤔
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73% We work hard, we deserve a break!
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15.9% Hmm, maybe?
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11.1% Yes!
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