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| − | In [[The Personal MBA|The Personal MBA]] a ''lease'' is defined to be a form of value where you acquire an asset and then allow another person to use it for a specific period of time in exchange for a fee. It is one of the [[Twelve standard Forms of Value|Twelve standard Forms of Value]] (Form of Value #6 of 12). To succesfully provide value through a lease you must ensure that:
| + | Lease |
| − | * The revenue from the lease covers the initial purchase price before the end of its lifetime (through wear or loss)
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| − | * Be sure to plan for maintenance and repair
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| − | * Charge enough money to cover for loss or theft, possibly through an [[Insurance|Insurance]]
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| − | =Key Points:=
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| − | * The lease is the form of value where you acquire an asset and then allow another person to use it for a specific period of time in exchange for a fee.
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| − | * The keys to the lease are:
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| − | ** Acquire and asset people want to use.
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| − | ** Lease the asset to a paying customers on favorable terms.
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| − | ** Protect yourself from negative events, such as damage or loss of the asset.
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| − | * Leasing benefits the consumer by allowing him to use an asset without paying the higher price to acquire it.
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| − | * Because assets have limited useful life, be sure to charge enough to cover the purchase price and repair and replacement costs before it wears out or is lost.
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| − | =Questions for Consideration:=
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| − | * Does delivering value via a lease make sense for your business idea?
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| − | * If so, what do you need to plan for to make it successful?
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| − | Source: http://book.personalmba.com/lease/
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| | [[Category:mbi]] | | [[Category:mbi]] |
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