As a business owner acquiring assets, a lender providing the capital, or a vendor of essential assets or services, it is important to have multiple perspectives on the market outlook. Some of the best online content out there right now is coming from Jeff Stibel, CEO of Dun and Bradstreet Credibility Corp. I recommend checking out Jeff’s last couple of posts on the Harvard Business Review Blog Network. No subscription is necessary for a few reads, and Jeff has a very clear way of putting things that can appeal to almost any reader. In his latest post, Jeff answers the question Does Standard & Poor’s Deserve a Downgrade?
In Jeff’s July 11th post, Why Bank Bailouts Haven’t Led to Jobs, he writes that “job growth, as it turns out, is largely driven by small business.” Because of this, “we must go back to the drawing board and figure out how to get cheap and convenient capital back into the hands of small business owners.”
Comments like the ones Jeff posts make it apparent that we are all in this together. Originators in the equipment finance and leasing sector are on the front lines as far as business confidence is concerned. A business invests in essential assets when it is confident of its ability to generate new earnings or produce ongoing earnings related to the capital outlay or obligation. Even in today’s tumultuous lending environment, there are still good, healthy reasons to invest in your company’s future. While national or regional banks may still have restrictive lending policies, there are independent sources of capital out there that are willing and able to help small and medium businesses across the nation meet financial goals.
As a business owner that uses equipment financing or leasing, or a vendor or other stakeholder in the industry, what are your thoughts on Jeff’s comments in his latest blog? Comment below, or call me some time to discuss – it would be great to have your perspective!
Thanks for reading.