“Even the most brilliant, ambitious company cannot build a successful business without capital. Adding employees and replacing older technology is what most businesses are doing. Companies just like yours are adapting to automation.”
Is Your Company Suffering From Lost Opportunity?
Most business owners know how to calculate fixed costs—like rent and equipment—and variable costs— such as wages, utilities, materials, etc.— related to providing goods and services. But there is another kind of cost to consider when making business decisions: lost opportunity cost. While lost opportunity costs can sometimes include intangible factors that are harder to measure, that does not mean they are not real. Missing out on a large sale or project because you do not have the right equipment is worth your time to consider to add or replace equipment.
Why You Should Consider Section 179
Acquiring new equipment for your business is an important decision. Section 179 of the IRS Tax Code allows you to deduct all of the cost of qualifying equipment purchases in the tax year when you make the purchase.
How Strong Is Your Business Credit?
The D&B PAYDEX® Score measures a business’s past payment performance based on information in the Dun & Bradstreet Data . On a scale of 1 to 100, scores of 80 and above are considered low risk and could potentially increase a business’s credibility to creditors
Financial Tips for Business Owners
The prospect of becoming a small business owner can be very intimidating. When you’re the big decision-maker and the success or failure of the company hinges on what you do, it’s easy to become overwhelmed. One mistake can lead to…
Paul Petersen July 11, 2019