The global landscaping and gardening services market is expected to expand by $79 billion in 2021, making it a haven for opportunities among those who are interested in starting a business in this industry. North America alone is set to account for 37% of the market share. If you have been contemplating when you should start a landscaping business, now is the right time. One of the key factors to consider is your capital expenditure. Landscaping equipment can be expensive, and you need to be prepared with enough funds to ensure that you have the basic machines to get…
When you need machines for your business in the short term but have limited capital, an equipment leasing broker can provide the help necessary for you to succeed. Often referred to as the middleman, a broker mediates between you (the customer), the equipment manufacturer, and the lender, so that you get the best deal possible. Let’s talk about what an equipment leasing broker does and the advantages of working with one to support your business’ growth. What Does an Equipment Leasing Broker Do? Equipment leasing brokers exist to support businesses in their equipment leasing plans, whether to expand capacity…
According to a trend report by IBIS World, the U.S. mining sector’s market size — based on revenue — is at $473.2 billion as of 2021 (from $421.3 billion in 2020). It is expected to grow further by 12.3% in the same year. This optimistic forecast presents plenty of opportunities for those who are looking to expand their mining businesses or foray into the industry. There’s a catch, though. Mining is expensive, and the equipment investment alone could run into the hundreds of thousands to millions of dollars. With that said, how can small mining businesses and startups keep…
What is one thing small business owners should know about the Section 179 tax deduction? To help small business owners stay informed of the Section 179 tax deduction, we asked tax experts and small business leaders this question for their best advice. From making purchases before the end of the year to being aware of the tax deduction’s limits, there are several insights that may help you when filing taxes and planning your business strategy in the coming years.    Here are seven tips small business owners should know about the Section 179 tax deduction:  Make Purchases Before Year’s…
Your business needs the right equipment to scale, but buying these outright can be expensive. When funds are limited, lenders offer an opportunity to buy what you need to thrive and grow without exhausting your working capital. In this article, we explore the different equipment financing options available to small businesses. Loan or Lease? Before we look at the potential funding sources for your equipment, let’s differentiate a loan from a lease — two terms that are often mistaken for each other. Equipment Loan Equipment Lease Typically requires a 20% down payment Low to zero down payment required Only…
Setting up a private medical laboratory business is an exciting yet nerve-wracking experience, especially given the high cost of equipment and rigorous licensing process. A significant investment is needed for a startup lab, so those considering this type of venture should have a solid business plan in place. Whether you are looking to set up a new medical lab or grow your existing one, you need to prepare for the cost of equipment. This article discusses how much the most important lab equipment will cost and where to find funding assistance. Lab Startup Equipment List What tools and machines…
The choice to rent heavy equipment or purchase them outright is a big decision and largely depends on your usage. If you need such machines for long-term and recurring purposes — like when you have a construction company — you’ll get the most value for your investment by buying your machinery. However, if you are using them for one-off or seasonal projects, it makes better sense to rent them. Globally, there is a growing trend towards renting construction equipment. The rental market value is expected to rise from $91.34 billion in 2019 to more than $135.1 billion by 2027….
Establishing a medical practice is a dream of many physicians. There is a different level of satisfaction from operating a clinic independently. But, running a business and taking care of people takes two different mindsets. If you’re planning on setting up your own clinic, you have to be ready for the paperwork and costs that come with it. How much does it cost to start a medical practice? In this article, we discuss medical practice startup costs, focusing on the average cost of basic equipment. Budgeting for a Small Medical Practice There are several factors to consider when starting…