December 2016
News from
Wheeler Business Consulting:
How will the Trump administration affect the commercial equipment leasing and finance industry?
No matter your political inclinations - new administrations have different agendas, different priorities, and different influences on the business environment. The Trump administration, as have previous administrations, will be making immediate changes and, in many ways, will be testing uncharted waters. There will be positives, negatives, and unanticipated policy changes initially and over the coming years - especially as one party controls the executive and legislative branches of government for at least the next two years.
Executive teams are working to forecast how changes in policies may create opportunities and/or challenges in the industry. Below are just a few areas that have been mentioned.
- Relaxing business regulations
- Tax reform
- Relaxing Dodd-Frank
- Expansion in energy
- Infrastructure spending
- Repeal and replace the Affordable Health Care Act
- Increasing economic growth
- Increasing job creation
- Interest rate increases
- National debt
- Trade (free trade vs. protectionism)
Most executive teams are cautiously optimistic. They predict new opportunities on the horizon and new challenges. They understand that not all campaign promises will become reality, nor will there be the total disaster that many in the opposing party predict.
Leaders are well aware of the flexibility within the industry. They know that top producers will anticipate and react to new opportunities in the market by being fully engaged with the most successful vendors and end-users. The new administration will create change and leadership teams are reviewing their business plans, goals, and strategies to maximize their effectiveness in the market.
Wheeler Business Consulting LLC works with banks, independents, captives, origination companies, and investors in the equipment leasing and finance arena. We provide training, strategic planning and acquisition services. Scott Wheeler is available to discuss your long-term strategies, to assist your staff to maximize outcomes, and better position your organization in the market.
Comments and suggestions are always welcome.
Scott A. Wheeler CLFP
Wheeler Business Consulting LLC
Phone: (410) 877-0428
Email: scott@wheelerbusinessconsulting.com
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