Construction Equipment Financing Takes Planning

Establishing or expanding an existing construction business can be an overwhelming experience.
In deciding the proper direction you’ll need to plan out what type of equipment to purchase but more importantly how to pay for it. Are you able to pay cash or will construction equipment financing be necessary? Is it better to buy new equipment or will refurbished or used equipment be a better value.Unable to pay cash is not unusual and often the need to seek out a construction equipment finance company is the best alternative. In researching equipment financing you’ll want to have a clear understanding of what your company needs in the way of equipment and how your cash flow will allow you to pay for it.Determine The Type Of Equipment You NeedYour construction equipment finance company will need to know exactly what type of equipment you intend to purchase, as they will tailor the finance terms to match the need. Different types of equipment will have different types of financing. For example, if you plan to upgrade your computer system the finance company may offer shorter term financing as computer equipment becomes obsolete in a short amount of time. The purchase of a bulldozer or cement truck may have a much longer life span and be eligible for longer term financing.Consider Used Or Refurbished EquipmentOnce you decide how much equipment to buy, the brand you want or need, how much your budget can support, etc. you will then need to decide if buying new or used equipment is the best route to follow. Refurbished or used equipment may be an ideal solution, especially if the primary use is to be used as a back up to your existing construction equipment and not put into use on a daily basis. Not all used construction equipment will be reliable enough if you plan on making it your primary equipment. Just as you’d research the pros and cons of purchasing a used car you should perform diligent research on your proposed used equipment purchase.Not All Financing Companies Are The SameNow that you know what you want or need and have decided between refurbished or new it’s time to start researching financing companies. A good place to start is the bank that maintains your business checking account. Although they may not offer the most attractive financing options it may offer a good comparison to a company that is a construction equipment finance specialist.Because it’s all that they do, an equipment financing company will be more knowledgeable than a commercial bank with regards to your specific business and equipment needs. Seek out a company that maintains its own underwriting department since these companies are more able to respond to your request for equipment financing quicker than if they had to send the application out of the department for review. The end result will be you have your financing quicker and delivery of your new equipment will not be delayed due to financing.If you’re not in a position to purchase new or refurbished equipment another option often offered by equipment financing companies is equipment leasing. This is a great option for a seasonal business, someone just starting out or where tax advantages come into play. If you’re concerned about tying up liquid assets as you establish or expand your current construction equipment fleet, look to a construction equipment finance company. They have the experience and knowledge to help guide you in financial decisions that are right for you.

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Commercial Property – The 3 Golden Rules to Listing and Marketing Property

When listing a commercial or retail property for sale or for lease, it is easy to cut corners or succumb to the pressures of the client and their ‘special deal’ requests as part of the listing process. The reality is that the real estate agent understands the property market far better than the client. On that basis the real estate agent should be confident and decisive in the presentation and listing process; discounts and short-cuts should not apply.These three golden rules to the listing and marketing process will improve the opportunities of successful sale or lease for both the client and the agency.Vendor paid advertising is a critical component of the marketing decision when it comes to taking a property to market today. Understandably clients like to cut corners and expenses when it comes to the property sale. The reality is that shortcuts in vendor paid advertising are counterproductive and will in fact produce fewer enquiries. You would think that the property vendor would understand the importance of this expenditure at the time of sale or lease. The agent or the salesperson should therefore consistently recommend strategies of vendor paid advertising for each and every listing. As part of that process to help the client further, the agent can offer two or three vendor paid marketing packages that give the client a budgetary choice.
An exclusive listing is really the only way to take a property to the market if the client is serious in the sale or lease. The exclusive listing process gives the client the dedicated focus of the salesperson and agency for a fixed period of time. All property inspections, negotiations, and communications can be specifically constructed to bring about the best outcome in the property sale or lease for the client. Any client that insists or asks for an open list strategy is essentially wasting their own time and also that of the agency. The reality is that open listings stay on the market much longer than exclusive agencies. Open listings are simply an exercise in random marketing and generate random enquiry. On average, successful exclusive listing processes in commercial or retail property should be for a period of four months. After that time the property will have saturated the local property market; if a sale or lease has not occurred, and the real estate agent performed their duties correctly, then it is better to take the property off the market for later repositioning, pricing, and relisting.
The right method of sale or lease should be suitably chosen to give the marketing campaign real momentum, maximize and optimise the property enquiry, and clearly support the client with their ultimate property disposal targets. In any given property market, the methods of sale or lease will vary subject to the property type, the target market, and the levels of local enquiry. On this basis, the real estate agent should give the client significant and real local area recommendations to consider as part of the method of sale or lease decision.As simple as these three elements are, it is remarkable how some agencies and salespeople do not prepare well for the appropriate supporting arguments and negotiations with the client. It pays to remember that the client requires property assistance in the most timely and efficient way; cutting corners or giving concessions should not feature in the listing process. On that basis the three points above are consistently the 3 golden rules to address in listing and marketing of any commercial or retail property.

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Introduction To Foreign Currency Trading

Foreign currency trading is a huge endeavor staged by the world’s largest decentralized financial market called the foreign exchange market or Forex market. In this highly volatile market, trading is done in currency pairs and involves the simultaneous buying and selling of the currencies involved in the pair.The major currencies that are traded in the foreign currency trading market are the US dollar (USD), Euro (EUR), Japanese yen (JPY), British pound sterling (GBP) and Swiss franc (CHF). The transactions are done in pairs such as EUR/USD. The first one in the pair is called the base currency and the second one is the quote/counter currency. For instance, EUR/USD 1.3031 means that the value of one Euro is equal to 1.3031 US Dollars.The bid and ask prices which stands for the rate for which you can buy the counter currency by selling the base currency and the rate for which you can sell the counter currency by buying the base currency are two commonly used terms in Foreign currency trading. The difference in the bid and ask prices is termed as the spread. In order to have a proper footing in this fluctuating financial market, it is imperative that you understand the basic terms such as these as well as plenty of others.The first step involved in foreign currency trading is the setting up of an account with a broker. A number of firms provide online services and you can choose one after diligently going through all their terms, conditions and descriptions of services offered. You should take care to start an account with a regulated firm with excellent security measures as well as a well-developed and efficient platform. It is prudent to sign up for a demo account before agreeing on a real account. This will not only gain you experience in the field, but also will give a foretaste of getting associated with the company.Once you feel comfortable with the idea of carrying out a real trade, you can start with a small initial budget and place your trade. It should be noted that a proper understanding of the market and its trends will take years to master and as a novice, your best bet in foreign currency trading is to not let go of your patience and to keep your emotions at bay.The foreign currency trading involves high risks especially due to its unpredictability as it fluctuates along with the financial, political and other conditions of nations around the world.

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