Forward thinkers will flourish in times of recession

It is a widely know fact that businesses who invest in times of recession emerge stronger and healthier than competition who have not, come the upturn in the economy.

The problem is that most people instinctively stop spending and consolidate their reserves during tough trading times – A peculiar reaction to falling trade but a reality non the less.

For many years the most tax effective route to funding large capital investments has been by way of leasing (it is also highly beneficial in helping avoid the dreaded deminimis issues) and never more so than in the current climate, so does this method of financing ever make more sense.

Lynx IDG realised the huge potential of these facilities almost 20 years ago and over the years have worked with several suppliers.

However with the advent of Performance Finance emerging on the UK optical scene 4 years ago Lynx found the perfect partner – Both companies are market leaders and focus very heavily on customer support.

“We recommend Performance Finance as our preferred finance partner to any optician wanting the best deal supported by the best network of people” said a Lynx IDG spokesman.

If you know you need to re-fit your practice (or simply upgrade your existing fittings with new displays) to survive and thrive through these turbulent times – Speak to Lynx IDG and Performance Finance.

They will show you how to turn round your business (offering marketing support through the newly launched Optimise brand) increase your turnover / bottom line and beat the backwards thinking competition hands down – With an affordable, tax effective practice re-fit.

Best of all this will all be funded using somebody else’s money – Meaning your capital remains safe and sound for another “rainy day”.

As an example a £30,000.00 refit can benefit from tax relief up to 40% meaning the real cost to business will in effect be £18,000.00!! Best of all with correct funding the £12,000 tax relief can be achieved fully in year 1.  A lease therefore can be structured to allow you to spread the cost but accelerate all the tax relief. You will even achieve maximum tax relief on your interest. 

The total amount payable after all of your allowances are taken into account and including interest repayments will be £23,220.00.  For a £10,000.00 facelift - £7,740.00.

No deposit is required and you can start realising the benefits of your re-fit now rather than later (too late in many cases).

Lynx IDG will create and develop a bespoke environment tailored to your own specific needs and to sit within your comfortable spend level and Performance Finance will offer you the perfect finance solution with an affordable monthly payment.

The moral of the story – sitting and waiting to see what happens before investing in your future could be the biggest mistake you will ever make in business.  Be pro-active, not reactive.