Leader Insights

Silver Linings and Rays of Optimism

The cloud of the COVID-19 pandemic continues to hover. Although the Delta variant threatens to exacerbate existing obstacles and introduce new challenges, the leaders of three Monitor 101+ companies also see many opportunities in the next year ahead. ... read more

Show Me the Numbers: A Guide to California’s New Financial Disclosure Laws

Paul Bent of The Alta Group provides a somewhat snarky explainer on new and expanding financial disclosure regulations in the state of California and what they’ll mean for the equipment finance and leasing industry at large. ... read more

Writing the Next Chapter: Using the Lessons of 2020 as a Springboard for Innovation

Before we jump back to normal, the lessons of the COVID-19 pandemic present an opportunity to create something even better. Monitor sat down with leaders in communications and operations and a CFO to learn about how the biggest takeaways from their pandemic experiences are influencing their future strategies. ... read more

Can Independents and Banks Compete For Business with a Consumption Model?

The drive toward consumption or pay-for-use models in equipment finance is well underway and to keep up, independent and bank lenders need to determine how to fit such offerings into their arsenals. Dexter Van Dango explores just how realistic such an endeavor can be. ... read more

The Millennial Generation Shift Will Create Opportunity for Equipment Finance

In an interview with demographer Kenneth Gronbach, Scott Nelson of Tamarack Technology examined the impact of Gen Y on the equipment finance industry. ... read more

Ego Aside: The Only Way to Pursue Succession Planning

As the equipment finance industry’s long-time leaders retire, it’s vital to have a solid succession plan in place. Paul Menzel shares five important steps involved in this process and encourages current leaders to mentor the leadership teams of tomorrow while stepping aside to provide ample opportunities for them to develop skills and learn from mistakes. ... read more

Creativity Transcends Tradition: Equipment Finance’s Future Must be People-First and Customer Obsessed

A group of this year’s Monitor NextGen Leaders share their ideas for improving the equipment finance industry. They believe that by embracing creativity over tradition and coming together to learn from each other’s digital transformation experiences, members of the equipment finance industry can create a customer-obsessed space that attracts the innovative young talent needed for the industry’s next chapter.... read more

2020 Hindsight: The Rewards of Crisis Management

When Paul Vecker signed up to lead Macrolease, a stable 50-year-old company that specializes in financing fitness equipment, his goal was to grow the company. But when the COVID-19 pandemic struck, he found that motivating and inspiring his team as they worked tirelessly through a crisis was just as rewarding. ... read more

Leadership Development: Equipment Finance’s Torchbearers Of Tomorrow

The equipment finance industry is on a path of transformational change. With the industry’s founders retiring en masse and technology taking a greater role throughout every aspect of the business, it is vital to develop leaders of tomorrow who can take calculated risks, think and behave differently, communicate their vision, and guide their businesses into the industry’s next chapter. Monitor Publisher Lisa Rafter created a leadership program to do just that.... read more

Going Extinct: It’s Time to Update Your Performance Review Process

Although ensuring your employees are producing at a high level is important, the standard methods of evaluating progress, namely the manager-led performance review, is going the way of the dinosaurs. Leslie Brown argues that employees need to take a more active role in the evaluation process and management must support them in doing so. ... read more

Innovative Asset Management: How As-a-Service Models Support the Circular Economy

The equipment finance industry is moving from a transactional approach to an as-a-service model. This shift provides an opportunity both to deepen relationships with customers and support the circular economy.... read more

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Terry Mulreany
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