6 Ways GPS Tracking Can Help Reduce Costs and Increase Revenue

November 23, 2016

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gps-tracker
Deciding to invest in new technology for your company can be daunting. Many business management tools promise significant savings but are unable to deliver results, leaving business owners and fleet managers at a loss both financially and in terms of productivity.

By reducing fuel usage and maintenance costs and contributing to loss prevention strategies, GPS trackers provide an average ROI of 17:1. The data collected by GPS devices grants business owners and fleet managers insights into driver behavior that enable them to evaluate aspects of their fleet’s operations, in turn allowing them to make changes that will lead to stronger performance and more efficient operations.

Two of the most powerful benefits of GPS trackers are increased revenue and decreased operating costs. Let’s take a look at 6 ways it accomplishes this:

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Filed Under: Operations Tagged With: ,

There’s Nothing Little about These Small Business Pitfalls

November 17, 2016

big-vs-small
If you’re running a small business, you might think that the problems you’re going to face are also shrunk in size. This isn’t necessarily true though. A small business could face the same major disasters as a large corporation. For instance, a small company could be hit with a lawsuit, see the reputation get damaged, or experienced a tech failure. Don’t forget that even small businesses are reliant on tech these days. Due to this, it’s important to be aware of these problems and learn how to handle them if you’re running a small company.

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Filed Under: Management Tagged With: ,

5 Tips to Reduce Travel Expense in Small Business

October 13, 2016

Travel
Travel is one of the highest discretionary spend for many small business owners. It is also one of the spend items that you cannot skimp on either. You have to let employees travel to meet with customers, attend conferences and find prospects. There is only so much you can accomplish via phone or video conference. While there is no way to avoid travel there are ways in which you can reduce the travel expense without sacrificing your business. Below we share 5 tips to help you achieve that goal.

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Filed Under: Finance Tagged With: ,

How a Transportable Building Can Transform Your Work Environment

October 11, 2016

transportable-home
Walk by a construction area or building site and you will usually see transportable buildings in and around the entrance. These are usually used as offices for the foremen and project managers or meeting rooms, or bathrooms in some cases. If you’re going to be doing a building project, need some extra temporary storage space, a classroom, meeting rooms, or even accommodation, you might want to consider getting yourself a transportable building.

Here are a few reasons investing in one or more transportable buildings is a great idea for your next project:

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Filed Under: Operations Tagged With: ,

Small Business Owners: Are You Looking After Your Money Carefully?

October 6, 2016

money-waste
Money in the bank is everything to small businesses. If you don’t have enough cash, you will experience cash flow problems which could hold up some of your operations. You also need plenty of money to help the business grow and develop. Not only that, though, but it is also useful to have plenty in the bank if you ever hit a rocky patch.

But even though money it acutely important to small businesses, there are still some who aren’t looking after theirs as well as they should. Here are some of the ways various small businesses regularly put their money at risk.

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Filed Under: Finance Tagged With: ,

Should You Buy New or Used Equipment for Your Business?

September 21, 2016

new-versus-used
Deciding whether to buy new or used equipment is a choice more small businesses should be making. That’s because many small business leaders only buy used when they don’t have any other choice. Once they can afford new gear they never go back to pre-owned. While there isn’t much that can be done to magically afford new equipment, there’s no reason companies capable of buying new have to do so every time. In fact, buying pre-owned gear for your business is often preferable to new, as the following examples show:

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Filed Under: Operations Tagged With:

How can Expense Management Software Help you Go Green AND Save Money

July 7, 2016

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Expense Management
No business owner needs convincing of the reasoning behind cost saving and efficiency, but that’s not always the case with going green. We all recognise that being efficient in what we do – from carrying out basic office tasks to managing invoices to completing projects – is important to a company’s ability to keep growing. What we don’t always recognise, though, is how being conscious of environmental concerns throughout our business practices and operations can also be of huge, long-lasting benefit to the business itself. By seeking to reduce your carbon footprint and more efficiently manage your use of energy and materials, you can help create a better, happier and – yes – more profitable company.

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Filed Under: Technology Tagged With: , ,

4 Inexpensive Ways to Obtain Equipment for Manufacturing Companies

June 10, 2016

Equipment
As a manufacturing firm, you have one major issue: how do you obtain the right tools for the job? It sounds like a silly question, but there is more to it than meets the eye. Sure, there are plenty of suppliers out there that will help you out if you ask. But, quantity isn’t the issue. The issue is the price. Most firms struggle to afford the price because manufacturing equipment doesn’t come cheap. So, if you don’t have the money, how are you supposed to find a good deal?

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Filed Under: Finance Tagged With: ,

Technology Solutions Small Business Owners Must Own for Efficient Office

June 8, 2016

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Printer
When it comes to managing your small business efficiently and cost effectively technology solutions can be your best friends. The advances in technology in the last few years have enabled small business owners to reduce cost, become more efficient and improve productivity of employees, in turn allowing them to generate higher sales and profit. In addition, these technological advances have enabled them to compete with their larger bigger counterparts on the same footing.

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Filed Under: Technology Tagged With: ,

How to Streamline Your Small Business in 4 Easy Steps

April 19, 2016

Streamline
Running a business, no matter what its size, can be full of difficulties and challenges. One of the main aspects which any business owner needs to come to terms with is time. How you spend your time is of paramount importance within the confines of your business. After all, if you waste time, you waste money – the old adage is true. However, if you go too far the other way, your business will likely suffer. The last thing you want is to do shoddy work because you are trying to rush the endgame. Treading the fine line between these two can be precarious. But there is good news: it is perfectly possible to achieve in today’s world. Not only that, it is fairly painless to implement. All that is required is a little imagination and some forethought. As long as you plan ahead, and take the following on board, all should be fine. So how do you go about streamlining your small business? Let’s take a look at some top tips for achieving just that.

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Filed Under: Management, Operations Tagged With: , ,