At American Capital, we understand. Pivoting to survive the current crisis is what matters right now. But planning for future growth and development is still vital. It’s a good time to consider alternatives.
Sometimes, you must spend money to make money. Spending wisely is the key. Assess your business needs and take an in-depth look at your unit costs over the last quarter, or the last year — your real cost per sale. It doesn’t matter if you run a cottage industry or a mail-order business. If you don’t know your costs, you can’t be sure of your profit! If new technology or a new machine would help reduce those costs, budget for the expenditure. But remember that you don’t have to pay in cash.
Whether you need a new computer, office cubicles, a conference table or expensive new machinery, American Capital stands ready to help. We offer unique options that allow you to buy needed equipment economically, through financing programs that meet your specific needs.
As our leaders continue to reassure us, “We are all in this together.” The crisis will end, and when it does, you should be in a position to respond quickly. As hard as it might be, now is the time to implement those strategies.