Friday, October 28, 2022

What do you rent and what do you own? Subscription-based software models (SaaS) have almost completely displaced the previous “Buy, install and own” structure. Apple offers the iPhone Upgrade Plan which puts their latest and greatest in your hands automatically. Similarly, car manufacturers have been exploring direct-to-consumer leasing programs (with built-in upgrades) since the mid-2000’s. The point is that “traditional” notions of what we should own or rent are more in flux now than ever before. So, as you lay your plans for 2023, consider the idea of what you should own versus what you might rent. The possibilities may surprise you.

Stay safe. Stay healthy. Be strong. Lead well.