Convenience funding might be quick but can come at a cost…
We’ve all become time poor and look for opportunities to get things done quickly and with little fuss. This has led to increased use of online platforms with matrix driven (no human involvement) approvals and while this can make sense for low value and simple finance needs it can lead to significant cash flow problems with larger capital purchases, business purchases or where there is an accumulation of smaller value asset purchases.
The convenience trap can affect you in the following ways:
· For larger capital purchases/business purchases – because this generally involves assets that have more complexity and need for understanding around them, an online approach for finance will rarely work well. This is because it is too challenging to capture any in-depth understanding of the asset itself or its economic or useful life in your business. Any approval here will likely be on terms that suit the financier best and with little or no consideration of whether this makes sense for your business or considering the impacts on cash flow.
Riddle Alert! Who’s Up for Some Brain-Busting Fun?
4-letter word, always done tomorrow,
We’re out of tea, the ultimate sorrow!
Without the eye, you owe me some money,
No sugar no nectar no sweetness no honey,
4-letter word, if by chance you choose,
You can never win, you can only lose!
What is the 4-letter word?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Poll: Should all neighbours have to contribute to improvements?
An Auckland court has ruled a woman doesn’t have to contribute towards the cost of fixing a driveway she shares with 10 neighbours.
When thinking about fences, driveways or tree felling, for example, do you think all neighbours should have to pay if the improvements directly benefit them?
-
82.4% Yes
-
14.9% No
-
2.7% Other - I'll share below
Hey Pakeha - are you gonna let Seymour talk for you
Govt is elected to
1) provide goods and services that one person can not on their own. Eg Hospitals / Police. Govt is not to change our Agreement / History Treaty of Waitangi because some minor party of a coalition (wannabe control freak) says so.
2) Wrong Chris needs to do (at the first bill reading, not second) what the people want, not what Seymour wants!!!!!!!!!! Upsetting the apple cart Seymour v 52,000. Loser Seymour!!!!!!!!
Loading…
