In [[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]] (Form of Value #6 of 12). To succesfully provide value through a lease you must ensure that:
* The revenue from the lease covers the initial purchase price before the end of its lifetime (through wear or loss)
* Be sure to plan for maintenance and repair
* Charge enough money to cover for loss or theft, possibly through an [[Insurance]]
!Key Points:
* 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.
* The keys to the lease are:
** Acquire and asset people want to use.
** Lease the asset to a paying customers on favorable terms.
** Protect yourself from negative events, such as damage or loss of the asset.
* Leasing benefits the consumer by allowing him to use an asset without paying the higher price to acquire it.
* 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.
!Questions for Consideration:
* Does delivering value via a lease make sense for your business idea?
* If so, what do you need to plan for to make it successful?

Source: http://book.personalmba.com/lease/
bag
mbi_public
created
Sat, 15 Jan 2011 18:49:53 GMT
creator
dirkjan
modified
Sat, 15 Jan 2011 18:49:53 GMT
modifier
dirkjan
tags
Term
The Personal MBA
creator
dirkjan