ABC News and Consumer Reports have both reported on the shift in our country of an increase in desire for American made goods. ABC’s series Made in America Christmas asked everyone to commit to spending just $64 on products made in America which could result in 200,000 new jobs. Consumer Reports National Research Center conducted a study that found some startling statistics including that 78% of Americans would rather buy products made here and 60% of all respondents said they would be willing to pay 10% more just for American made goods because the belief is that the goods produced here are of higher quality. Harold Sirkin of Boston Consulting Group has been surveying companies large and small about returning their manufacturing to the US. Many major companies including Whirlpool, GE Appliances and Ford at least 200 other companies with manufacturing formerly overseas (especially in China) have brought manufacturing back and all did so because economically it made sense.
Many of us have mentors and some of us are mentors. Are you considered a leader in your community or industry but not a mentor yet? Have you considered being one? There are many organizations from the Small Business Association to your local chamber or networking organization that look for mentors to help new or struggling businesses. If you’re wondering if you really are the right person to help someone as a mentor, here are a few things you may be able to offer.
At eLease we pride ourselves on doing the right thing for our customers and building positive relationships so that when they need to lease again or someone asks them who their leasing company is, they refer us. We’ve often said that referrals are the highest form of flattery. Sadly not all in our industry have the same level of ethics and customer service. We are very proud of our BBB rating of A+. They have been tracking eLease since 2006 and we have no complaints. That can’t be said of some of our competitors who are either not rated or have ratings well below an A.
Congratulations on your new business or expanding your existing business! Franchises are a great way to be your own boss without having to “recreate the wheel” as they say. There are close to one million franchise companies in the US which employ over ten million people. Many entrepreneurs go this route because the franchise has an established name, proven business model and good training for the franchise owners.
Not very often do I get to blog about things that go on in our home regarding equipment leasing, however, this week our high school son came home and announced he wants to be an auto mechanic and have his own shop. Part of this is because he truly loves working on cars and he does a great job (even changes the oil in our cars) but after digging a little deeper we learned it’s also because he’s not fond of math this year (Algebra II so who can really blame him). We talked to him a little about the importance of school and having a well-rounded education and then he started asking questions about how much it would cost to open his own shop. He was shocked, as were we, with the cost of even the most basic of equipment.