No one ever said that running an equipment leasing company is easy. Consider the challenge of collecting, reporting and remitting personal property taxes. Personal property tax is charged on tangible personal property (not real estate) and is levied by the... read more
April 2017
The equipment leasing industry has grown exponentially over the last few decades, with more than $1 trillion dollars of equipment now being leased in the U.S. annually. As lease portfolios continue to increase in size and complexity, the task of... read more
April 2017
With 78% of businesses using financing to acquire equipment according to a recent Equipment Leasing and Financing Association study, it’s more important than ever for equipment leasing companies to stay ahead of the competition and look for ways to grow... read more
February 2017
The statistics from the Federal Motor Carrier Safety Administration (FMCSA) speak for themselves: In 2015 there were approximately 415,000 police-reported crashes involving large trucks. 83,000 of those accidents resulted in injury. 3,598 of those accidents were classified as fatal crashes... read more
January 2017
The problem with Big Data is that it’s too big. This is especially true as you get higher up in an organization. C-suite executives are expected to make decisions on hundreds — sometimes thousands — of issues and don’t have... read more
November 2016
According to Section179.org, the most common question people have about the Section 179 tax law is how much can they save on their taxes through the deduction. For many people, the way the deduction works is still a mystery and... read more
April 2016
How do you know when a company has a successful sales strategy? Short answer: when success is all about sales execution. Long answer: when the company’s products and services are easy to sell, easy to buy and easy to justify.... read more
March 2016
My last blog spoke about the three elements that most strategic plans have at their core: first, increasing shareholder value, second, raising customer satisfaction levels, and third, enhancing employee engagement. Pricing methods can influence all three of these in different... read more
October 2015
In the five years since the signing of the Affordable Care Act, the landscape of the medical financing industry has shifted from being primarily focused on physicians’ needs to now include the interests of financial decision makers. Meanwhile, lenders are... read more
October 2015
How do you analyze the fuel economy for the trucks in your fleet? There are a variety of different ways to measure fuel economy and not all of them yield the same results. The approach to measuring fuel economy should... read more
September 2015
Five years ago I was introduced to the equipment financing industry. Having implemented enterprise-wide automation solutions for large financial services companies, I was surprised that the industry is vastly manual. After studying the industry, and talking to lots of business... read more
September 2015
How does your business stack up against the competition? Are you evolving to stay competitive in the future with your products, services and delivery methods? A quote from one of the Private Independent leasing company survey participants highlighted in the... read more
April 2015
Every company has a strategic plan, right ? Many are three-year plans, some are five-year plans and some are informal, but in some form they exist for every company . The typical elements of a strategic plan are many and... read more
Feb 2015
In the not-too-distant past, it was common practice for grocery chains to use available capital to build new stores or remodel old ones, with the thinking that the best use of the money was where the expenditure directly touched the... read more
Dec 2014
Editor’s note: Bill Stephenson, chairman and CEO of DLL, released the following article, published in its entirety. The business we are in is about helping our customers thrive in tough, competitive marketplaces. This means having to understand their immediate business... read more
Nov 2014