The Finer Points of Limo Marketing
6 Ways to Reduce Your Expenses Immediately
As a business owner, it’s always a good idea to periodically review your expenses and see if there are areas that can be reduced or eliminated. Fleet needs vary, personnel come and go, and monthly expenses are expected to rise each year, but there could be savings in the everyday bills we take for granted.
Many operators are tempted to simply increase money coming instead of taking the time to look at the money that is going out. In fact the biggest mistake small businesspeople can make is being blinded by the top number on the balance sheet. It’s the combination of upping revenue and slashing expenditures that will make an impact. Even cutting little fees and renegotiating terms could add up to big savings. Below are six of the best places to start finding hidden money in your budget. [Continue reading by clicking here]
Access Commercial Capital: Ready to Assist the Industry
Access Commercial Capital is the ground transportation industry’s one stop equipment finance and working capital solution.
“After decades’ long careers in transportation finance, we believe there is a void for good operators to obtain equipment finance and working capital. Access Commercial Capital is filling that void by offering financial solutions to an under-served market,” says Edward Kaye, Partner and Founder.
The company’s founders have developed successful finance products for the commercial coach, limousine, and specialty vehicle markets for over 25 years. Access Commercial Capital is now offering unsecured working capital loans and non-titled equipment financing to the same markets.
Access Commercial Capital’s financial products include secured and unsecured term loans, lines of credit, working capital loans, vehicle repair and refurbishment loans, debt refinancing, receivable financing, down payment financing, inventory purchasing and non-titled equipment leasing/financing.
“As true industry experts we listen to what operators need and how to get them financing at a reasonable cost. We look forward to meeting many new customers and rekindling old friendships,” says Edward Kaye.
How Your Limo Company Can Stay Competitive with Uber
Owners of limousine companies took a substantial hit during the most recent recession. Yet, their problems weren’t over once the economy started to pick up. Just as consumers began to once again have discretionary income to spend on luxuries like chauffeur-driven rides to the airport, ride-sharing companies, like Uber and Lyft, came into the picture and quickly captured market share.
It has been a bumpy road for executive transportation providers for nearly a decade. Many companies that have held onto traditional business models have failed. Yet, there are others that have been able to grow by adapting to market changes. (Click here to continue reading)