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Category Archives: Leases
New Year’s Resolutions For 2011 – Onward To Profitability And Success
Like changing your diet, going to the gym, quitting a smoking habit, and other typical New Year’s resolutions, profitability requires disciple and a plan to succeed. Here’s my plan for profitability in 2011: 1. Downsize. Really. Be disciplined and do … Read More
Posted in Business, Debt Workout, Leases, Management, Navigating the Downturn, SBA Loans, Secured Bank Loans
Tagged: debt workout, downsizing, Internet, profitability, reinvent, success
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Let’s Talk About Your Business Real Estate Again
I keep advising small business owners to end their love affair with their real estate and to make an important decision in regards to it. Let’s look a little deeper into the reasons why: 1. Your revenues are down and … Read More
Equipment Leases Can Be Worked Out
Leasing companies expect a certain amount of default. However, they are not banks and thus deal with default differently. They do not want to pick up the equipment at all. For the most part, it is a huge loss to … Read More
Believe Me, Equipment Leases Can Be Worked Out!
When discussing business debt workouts with small business owners, we frequently find that they overlook their equipment leases when we discuss their debt. Read More
When selling a business, do you assign the lease or create a new one?
Here is the difference: If you assign a lease, you, the original business owner and the new lessee both remain liable for the contract until its end even with the assigned new business owner in control of the space. Read More
Posted in Business, Leases, Navigating the Downturn
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