Excerpt from: Public Comments For Critiqued/Reviewed Business Opportunities
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| May 02, 2008 | | Review by 15-year leasing pro -- Wanting business finance is not always as easy as getting business finance | | Review...
Sounds easy. Businesses need capital. Banks, private investors, commercial finance companies and equipment leasing firms want to lend money and sellers of equipment (vendors) seek financing for their customers to close business. Find a company, some funding sources or some vendors and bingo - you've made some easy money.
NOT!
First of all, there are hundreds of established leasing firms that hire salespeople to call on vendors and businesses. Guess what drives the business finance industry? Cost of funds (rates) availability of funds, (credit qualification) and service (fast turn-around, application-only, simplified documentation and quick funding). Vendors want rate sheets and will throw turn-downs to you while their 10 other funding sources get the good deals.
Why invest money to buy a franchise? If you really want to get into the business, work for an established company to see how the business works. Why not let a company pay you a salary, benefits and provide you with marketing? Once you've been at it a while, maybe you can keep some of your relationships and start a company as a broker - it's easier and in the end, will save you time and money. | | |
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