The Comeback Readiness Checklist
START QUIZ
Vaccines are being distributed. Virus numbers are falling, and state restrictions are loosening. Stimulus payments are finding the bank accounts of consumers all too eager to put the money to work. The comeback is on. Are you set to make the most of it? Answer these twelve simple questions to see how ready you are to capitalize on the comeback.
LEAF Commercial Capital, Inc., a subsidiary of M&T Bank.
QUESTION 1
What are your revenue expectations for 2021?
Decreasing revenues
Flat revenues
Up to 10% increase
10 to 20% increase
20% or greater increase
QUESTION 2
Where is your new revenue growth most likely to originate?
No growth expected
Government stimulus
Declining virus numbers and restrictions
New locations, products, and services
Acquisitions and partnerships
QUESTION 3
Do you have documented growth plans and strategies?
We never formally plan our business strategies
We planned some of our 2021 business and growth strategies
We planned most of our 2021 growth plans and strategies
We have comprehensive growth plans and strategies for 2021
QUESTION 4
Will you need to invest in new equipment or technology to support growth plans?
Growth requires no investment in equipment or technology
Growth requires up to $25,000 in equipment and technology
Growth requires $25,000 to $50,000 in equipment and technology
Growth requires $50,000 to $100,000 in equipment and technology
Growth requires more than $100,000 in equipment and technology
QUESTION 5
You currently have access to an affordable source of capital with terms that give you the flexibility to manage uncertainty while you go after aggressive growth goals.
Strongly agree
Agree
Disagree
Strongly disagree
QUESTION 6
Your performance over the last 12 months has been strong enough to obtain new bank loans.
QUESTION 7
Your growth plans will require additional staff.
QUESTION 8
Are you considering or would you consider buying a company or competitor?
Likely
Possible
Unlikely
No
Actively investigating M&A opportunities
QUESTION 9
You are prepared for an increase in face-to-face business interactions.
QUESTION 10
New investments in equipment and technology will be integral to your success in the coming 18 months.
QUESTION 11
What obstacle do you believe will most likely impede growth plans in 2021?
Limited access to capital needed to fund growth plans
Unfavorable government policies
Rising inflation and/or cost of raw materials/inventory
Continuing/increased difficulties controlling coronavirus
Cash flow concerns
No impediments
QUESTION 12
Could your plans benefit from competitive, short-term growth funding that doesn’t interfere with your bank line of credit and can be used for any business purpose?
Maybe
Yes
Your score is under 25, you’re
CONCERNED ABOUT THE COMBACK
While there is certainly room for optimism, putting the cash you have to work before the comeback is fully underway seems like a bridge too far. 2021 was probably unfair to your company, your people, and your industry. Many of your competitors are still seeking stability over growth. PPP was helpful, but most of the funds were necessary for survival, not fuel for transformation and growth. You’re tired but ready for the comeback. However, the thought of putting growth plans into action funded by cash you don’t have has you in a holding pattern waiting for a more aggressive return to normal. LEAF can help. Our expertise in the technologies and equipment we fund can offer more flexibility than a traditional bank lending relationship to businesses concerned about the comeback.
If you’d like to see how our creativity could help you transform 2021 concerns into growth plans, contact your LEAF Account Champion today.
Retake the Quiz
Your score is from 25-44, you’re
CAUTIOUSLY COMING BACK
Putting together a rock-solid comeback plan in an environment with unprecedented headwinds and uncertainties is not for the faint of heart. 2021 may have hit your company harder than you would have liked, or you’d like to see a little more economical ‘return to normal’ before you fully put new growth plans in place. You probably see revenue growth in your future, but outstanding questions weigh down your optimism. Recent research shows that many business leaders would be more aggressive in their growth plans if they had more cash, easier access to low-cost, flexible capital, or a plan to minimize the up-front cash flow challenges associated with investing in growth. If this is you, it might be time to get out of the box and think bigger. LEAF can help. With flexible equipment and technology financing, we can lower the up-front cash burden of growth investments and match revenues and expenses more effectively.
If you would like to move from cautiously optimistic to acting on growth, contact your LEAF Account Champion today.
Your score is over 45, you’re a
COMBACK CHAMPION
The last year has been challenging, but you’ve been adapting and planning. You didn't wait on a return to normal to start acting on the big ideas that could drive your business's breakthrough outcomes once the comeback arrives. You may already be seeing the fruits of your labor and are well-positioned to make 2021 a winning year. There will be uncertainties, but your company is ready to evolve, transform, and turn the most challenging year of our lives into progress. We’re here to help. Whether it’s funding the technology investment you need to transform your customer experience or more effectively matching cash inflows and outflows for revenue producing equipment, you can trust LEAF.
If your growth plan is off to a great start and access to flexible capital can help you take it to the next level, contact your LEAF Account Champion today.
