Finance as a tool for your business...
Are your current asset funding methods appropriate for the expected life of your business assets and how you intend to use them?
Financing can be an effective tool to apportion the acquisition cost of any asset over a term that is relative to the useful life of the asset. This can provide you with manageable monthly payments and preserve cash flow.
The choice of which is the most appropriate finance option comes mainly down to:
What you intend to use the asset for?
What is the useful life of the asset within your business (long or short life)?
Is ownership of the asset important to you?
The answers to these questions will help you to determine what finance option might suit best, whether it is a:
Loan product (generally more suited to longer life assets that earn you money) or a
Lease/Rental product (generally more suited to assets that depreciate very quickly)
In any event it is wise to choose a finance provider who will help you to understand the implications for your business
🧩 Crack the Code: Today’s Riddle Challenge! 🤔
I’m a three-digit number; my tens digit is five more than my ones, and my hundreds digit is eight less than my tens—what am I?
Do you think you know the answer to our riddle? Don't spoil it for your neighbours! Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments 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.
Show us your creative backyard build
We hope you've been enjoying the Neighbourly Backyard Awards so far, we know we have!
It is time for our last award. And the category is....Most creative backyard build
It could be a planter box, an outdoor table or even a backyard bar. We just want to see the sanctuary you've created in your backyard.
So share a photo, or two, in a comment below of your creation or backyard set up a to be in to win a $100 Mitre10 voucher. Winner will be announced next Monday 🛝🪴🛖
Poll: Do you have a pet at home?
Neighbourly members LOVE their pets, whether it's a smoochy cat, a trusty pup or even a feathered friend.
We'd like to know how many of you who see this post actually have a pet at home. Let us know in the poll below!
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73.7% Yes - I have a pet / multiple pets
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7.7% Not currently, but one day!
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18.6% Nope, I live in a pet-free home
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