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Episode 3 // Where Equipment and Net Profit Collide
Championed by our friends at Community Futures Manitoba
Founders often get stuck in the trap of thinking new equipment can bring in more revenue. News Flash! New and shiny isn't always the answer.
NTN Pro, Dustin Bosch, reviews ways you can optimize your situation without spending money on new equipment; and if/when purchasing new equipment is the right move for you and your business. Learn to look past the emotional attachment to your equipment so you can let go of extra costs and hold on to precious profit.
Part 1 // Start with the end in mind
One of the best practices of big business is
thinking ahead.
When you understand the hours and projected use for each piece of equipment so you can anticipate the associated costs.
When you understand the utilization and useful life of your equipment, you know when to cycle it out, which minimizes operating costs and increases your bottom line.
Part 2 // Burn the blinders
When you understand the hours and projected use for each piece of equipment so you can anticipate the associated costs.
When you understand the utilization and useful life of your equipment, you know when to cycle it
out, which minimizes operating costs and increases your bottom line.
Part 3 // Strike pay dirt!
As a financier, Dustin brings tremendous value to his clients by assessing existing assets, finances, and need so they can get a much better ROI. This is his superpower!
Using a thorough process he can help entrepreneurs find the best possible option for their company.
Remember, there are ways to keep your revenue strong – even during a pandemic.
About the Pro // Dustin Bosch
Vice President Sales
Canadian Equipment Finance
Once labourer and heavy equipment operator, now finance professional. Mr. Bosch grew up in an owner-operated business in the heavy construction and forestry industry. He completed a commerce degree from the University of Alberta, School of Business in 2006 and followed his academic studies to pursue business finance with GE Capital. He held progressive roles of responsibility that ultimately led to managing a team of finance professionals in Northern Alberta. He has closed over $500 million in funded transactions across the construction, transportation, energy and forestry industries. Now, Mr. Bosch leads the CEF team in British Columbia.
Have questions about maximizing the ROI on your equipment? Reach out to Dustin at DUSTIN.BOSCH@CELF.CA or CEFL.CA
About the Champ // Community Futures Manitoba
Community Futures Manitoba Inc. (CFM) is an association representing 16 Community Future organizations (CFs) established throughout rural and northern Manitoba. The Community Futures Manitoba Board of Directors is comprised of one representative from each of these organizations. Community Futures operates across rural and Northern Canada as a grassroots-driven program created to strengthen rural economies by enabling entrepreneurship and assisting in community economic development.
Community Futures Manitoba Inc. (CFM) is an association representing 16 Community Future organizations (CFs) established throughout rural and northern Manitoba. The Community Futures Manitoba Board of Directors is comprised of one representative from each of these organizations. Community Futures operates across rural and Northern Canada as a grassroots-driven program created to strengthen rural economies by enabling entrepreneurship and assisting in community economic development.
WEBSITE // www.cfmanitoba.ca
PHONE // 1.888.303.2232
EMAIL // info@cfmanitoba.ca
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Hit us up at helpdesk@nailthenumbers.com
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