10 Cash Flow Strategies for a Successful Business by Scott Richards - HTML preview
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Strategy 8: Get the most out of your assets
Assets that are not producing a reasonable return on investment and
do not have any foreseeable benefit in the future should be sold.
These assets are tying up valuable capital that could be used
elsewhere in the business. You may have to pass on a great
opportunity because your cash is tied up in an unproductive asset.
Review your assets for the need to upgrade. If there is a more efficient
option available and it makes economic sense then upgrade to the
more productive asset.
When purchasing an asset weigh up the benefits and costs of both
purchasing and leasing. The better option may not be the same each
time. Seek independent professional advice.