Eight Ways To Invest Money
Whether you own a shop or work on Wall Street, part of being successful in the ’90s depends on knowing what to do with your money.
The Inventory Ate My Profits
When you stack inventory on your shelves, you might as well be stacking dollar bills. The key is to control your inventory – instead of letting it control you.
Rent A Booth: Leasing a Spraybooth is an Option
Don’t want to spend all that money up front for a new spraybooth? You’re not alone. Many shop owners have begun leasing instead of buying.
Before The Booth
Cut through the red tape prior to purchasing a spraybooth – and avoid complications later on.
Purchasing Power
Before you hand over the cash, rattle off your credit card account number or sign the bottom of a check, be sure you can justify the expense of that new piece of equipment.
Small-Business Administration Loans
Ask 10 body shop owners to tell you the most frustrating aspect of running their businesses, and eight of them will probably name the area of financing. It’s no secret that obtaining adequate funding to meet day-to-day needs for working capital, equipment and facilities poses a major challenge.
Need Money? Renovations
When running a successful business, a shop owner will – at some point – utter the word “renovations”. In his next breath, he’ll shake his head and utter the words “need money”.
A Current Of Cash
Cash flow. It’s the name of the game in any body shop. That is, in any body shop that wants to stay in business.
Partnering With A Paint Company
With so many paint-company partnership programs in the marketplace, making a decision which – if any – to join can be a confusing and time-consuming decision.
Bankers Don’t Bite
I’m convinced that most small-business owners are scared to death of bankers. They view loan officers as stiff-lipped stuffed-shirts who exist only for the pleasure of foreclosing on little old ladies on Christmas Eve.