“How do you become a Millionaire?

Wednesday, May 07, 2008

Remember that old Steve Martin Stand-Up Line…. “How do you become a Millionaire? Well, first, get a million dollars!”

Actually, there are real ways to make sure that you don’t whittle down your Net Worth – even when you want or need equipment acquisitions.

Even If you are not “old school” enough to remember that Steve Martin line, you probably also have heard the “old school” philosophy that a business owner should try to pay cash for acquisitions, and to try to stay away from financing or getting in debt. Well a savvy business owner knows that the correct type of financing is good business when it come to equipment, and working with GCR Capital is one of your best options!

Cash is the first line item on your business and personal balance sheet, so when you pay cash, that line decreases and so does your Net Worth in the same increment! When you make one or even several cash purchases, you don’t realize that is showing as continuous deductions to your Net Worth!

Net Worth is crucial when anyone looks at your business! When you are looking for a line of credit or a real estate purchase with your bank, or in some industries – a potential customer who is looking at your strength before awarding you the project, you need to protect your Net Worth. Don’t nickel and dime it away, with equipment purchases (that depreciate in value). Equipment depreciates – cash doesn’t! Save cash until it makes real sense to use it.

And don’t forget, all GCR Financing is “under the radar” which means that it doesn’t affect personal credit or show as a liability on your balance sheet, once again keeping your business profile and your Net Worth strong and healthy for the times that bank or cash options really make sense!

GCR Capital protects your future, while we solidify your present!

To request more information about equipment financing, GCR Capital, or rates quotes, contact us today

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