How to Extend the Life of Your Company’s Truck

Nov 30, 2017 by

How to Extend the Life of Your Company’s Truck

A little bit of maintenance can go a long way in improving the longevity of a truck. If you want to ensure your vehicle runs as good as new in five or ten years’ time, read the following top tips on how to extend the life of your company’s truck.

Don’t Skip an Oil Change

An oil change is one essential maintenance task that can extend your truck’s lifespan. It’s advisable to change the oil every six months or 7,500 miles – whichever is first. Yet, older trucks with high mileage will also need an oil filter changed alongside the oil. However, don’t use any old oil to power a vehicle, as you could potentially damage your truck. Always consult the owner’s manual to identify the best oil for the truck.

Regularly Check Your Fluid Levels

Care for your company’s vehicle by regularly checking its essential fluid levels. Once you have checked the oil, you should review the engine coolant. Trucks will generate a lot of heat when on the road, and it’s the coolant that will prevent the vehicle from overheating. All you need to do is pop the cap to identify if a refill is needed. Again, check the owner’s manual for the right coolant.

Businesses also have clean-air responsibilities when operating a truck, which is why you must routinely check your Diesel exhaust fluid. A failure to do so could result in a truck running out of fluids and failing to restart, which could leave a driver waiting at the roadside for assistance.

Rotate Your Tires

Rotate your tires when checking your oil and fluids, which will allow you to stay on top of any essential maintenance tasks. Tires often wear unevenly when on the road, so rotating them can ensure they wear at aneven rate. The level of wear and tear will be determined by how often you use a truck, and the front tires will commonly experience the most wear over time. So, rotate the tires to ensure your drivers enjoy a smoother ride while extending the lifespan of your wheels.

Balance the Tires

Every pothole or bump will throw your tires out of balance. This can lead to uncomfortable vibrations, wear and tear on the tires, and wear to the vehicle’s suspension. Balancing the tires will therefore evenly distribute the weight of the tire around an axle. If the truck is due to have tires patched or replaced, it could be the ideal time to get them balanced by a qualified mechanic.

Check Your Lights

Many vehicle owners only focus on oil change and fluid levels when maintaining a vehicle. However, it is important to regularly check your lights to ensure they are in good condition, so they do not let you down when you need them the most. Review your interior and exterior lights regularly, as a dim light could be a sign of an electrical issue. A burned-out light can also be dangerous on the road, and could lead to a serious accident or significant fine.

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European Central Bank ‘Confident’ New International Bank Rules Will Be Approved This Year

Oct 31, 2017 by

European Central Bank ‘Confident’ New International Bank Rules Will Be Approved This Year

FRANKFURT – A topmost European Central Bank (ECB) manager said on Monday “she is self-assured that new international banking rules will be fixed by the end of the year afterward yet one more stay at the weekend in their period long groundwork”.

“I confidence about that the hottest package of international banking morals “Basel III” will be finalized this year,” Sabine Lautenschlaeger, the European Central Bank’s board associate in charge of bank management said in Washington.

“And I am still assured that this will be the situation.”

Sabine Lautenschlaeger conveyed her concern, however, that “some economic hubs might not implement important parts of the approved framework”.

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European Business Investment in 2017 and Beyond

Oct 25, 2017 by

When a company gets to a certain point in its success, having broadened through perhaps local and national growth and development first, there then comes the time when the next step lends itself to thought of international expansion. However, expanding abroad can be a veritable minefield of rules and regulations. Your executives and stakeholders might be excited at the prospect, but opening regional offices or even relocating headquarters to a foreign country takes careful planning and consideration. It is temporally draining to make sure such a move doesn’t become financially draining, too. Expanding internationally might open your brand up to new markets and greater future possibilities, but you need to ensure you’re prepared to face the serious risks involved, as well, including external company appropriation.

A Question of Location

Emerging markets might seem attractive at first, but in reality pose too much danger as regards infrastructure when it comes to the novice brand seeking opportunity abroad. Instead, “established” and “thriving” are important words. The three largest economies in Europe are Germany, the UK, and France and connected to all three of these are the Netherlands. Many brands have decided to tap into that central link to over 500 million consumers for obvious reasons, but transport and interconnectedness also play an important part, too.

A key consideration is how a company gets its product or services to customers. Ranked #4 in the world for Global Logistics Performance, the Netherlands work on a 100% digital telecommunications network, proving it a wholly reliable country in which to branch out abroad. Indeed, Holland is “hot” right now, its inward investments having increased 10% this year alone.

However, one size does not fit all. Some might select Canada, for its 15% corporate income tax, but in general Europe offers plenty of choice and its corporate income tax rates start at 20%, rising only to 25% (in comparison to 35% here; one of the highest rates in the world), and that’s seriously attractive. The past decade was the most difficult for the economy in the post-war era in Europe, but the horizon is brightening, despite ongoing tensions between mainland Europe and the UK post the Brexit vote. Nonetheless, Sweden is set to benefit greatly from 2018, while Poland might a deceleration for a time.

Property and Taxation

Of course, once you’ve decided on the best country for expanding into, the next consideration is of address and tangible property. This is where a savvy company invests in property that can be sold wisely at a later date (for example, if its foreign endeavors don’t pay off), or opts to utilize Section 1031 of the Inland Revenue Code Sections (simplified by firms like 1031 Gateway for those not fluently versed in tax law) and swap domestic property for foreign, often directly. This can then lead to the contested subject of inversion and renounced US Citizenship of the company, thereby no longer being culpable for US corporate income tax. A win-win in theory, but vastly complicated in practice.

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Improving Your Employee Retention in Four Easy Steps

Sep 19, 2017 by

Improving Your Employee Retention in Four Easy Steps

Your employees are what will make or break you. Hire the right people from the start and help them grow so that your company will benefit. The more loyal your employees, the harder they will work for you. You want them to consider your success, their success. To create a workforce of loyal employees, implement these four suggestions today:

1. Start with Their Workspace

Every employee, from your oldest to the newest hires benefits from a great, safe workspace. Having a safe workspace means keeping your equipment and your building up to code. It means having a first aid kit in case of injury. It means having a policy in the event of an emergency that all employees are trained and ready for. Having a safe workspace also means having anti-harassment policies.

2. Encourage Them to be Healthy

A healthy employee is one that has more energy and is happier. Encourage your employees to eat healthy and to get enough sleep. The natural energy that being healthy and the feel-good benefits will create a better, more productive workforce. Help them out by giving them a means to store home-made food and to even cook their own lunches in the break room. You don’t need to have a stove, but having a convection toaster and a fridge can help your employees be healthy.

3. Have Effective Communication Systems

Not everything needs to be communicated directly. For instance, if your employees need replacement conveyor belts they should be able to simply fill out a quick digital form for you to review and approve on later (ideally within the day). There are also instances where direct communication isn’t ideal, as when one of your employees wants to report someone for harassment. Have an effective communications system that outlines how your employees can relate information back to you, with multiple options for them to choose from.

4. Give Them a Future with You

Employees won’t want to give you their all if they don’t believe they have a future with you. No one wants to work a dead-end job, and nearly everyone has goals that they want to achieve. Help them reach these goals both within your workplace and outside of it. Helping your employee take a night course that will further their expertise within your company is in your best interest. Similarly giving your employee one extra day off to pursue their passion won’t hurt your company as much as it will give that employee more reason to love working for you.

Further, make it clear from the start that your employees will always be considered first when a new position becomes available. Make it clear how your employees can move up the corporate ladder as well. Giving your employees a clear path on how they can advance is how you’ll have loyal, hard-working employees.

Having a great company culture means your employees will enjoy working for you. When they enjoy working for you, they have a bigger incentive to work harder and better. Capitalize on this effort by rewarding them and helping them achieve their goals.

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Five Ways You Can Help to Ensure Employee Satisfaction and Happiness

Jul 27, 2017 by

Five Ways You Can Help to Ensure Employee Satisfaction and Happiness

Small and medium sized businesses can often find it hard to compete with large companies that are able to pay the big bucks in terms of salaries. Finding qualified employees, and then keeping them, can be somewhat challenging. Here’s the thing: salary isn’t everything. There are a number of incentives and things you can do that will help sweeten the deal and make sure you’re finding and retaining the kind of employees you need to succeed.
Here’s a look at five incentives and actions you can take that can help ensure job satisfaction.

Initiate a Rewards System

Here’s an incentive that can work extremely well for companies: looking into different reward systems that not only reward but motivate your employees can create job satisfaction and an increase in productivity. There are all kinds of different reward systems you can use, such as offering extra vacation days, travel perks, bonuses, and gift cards and vouchers, among many other things.

Offering a Legal Plan

Why not provide your employees with a group legal plan that allows them to focus on their work rather than outside legal matters? This is very similar to a dental plan, or a medical plan in that it gives the employees peace of mind should they have a legal issue in their life. Legal issues can be extremely taxing both financially and mentally, which will of course affect their performance at work.

Career Advancement Opportunities

It’s hard to stay motivated in a job that is going nowhere, doesn’t offer any sort of advancement or enrichment training, and therefore will never pay them more. Giving your employees the tools to succeed, and providing career advancement opportunities, benefits everyone. The employee will have something to work towards and feel motivated, while the company will benefit from someone who is extremely productive and has plans to stick with the company.

Career advancement opportunities can often lead to less turnaround in a company since you are able to hire and promote from within.

Recognize Achievement and Success

An employee who feels valued is one that is happy and productive. When your employees do an exceptional job with something, be sure to recognize them and let them know how much they are appreciated. Perhaps you can create a recognition board or a company newsletter that recognizes these employees for what they have contributed. This can also be tied in with the rewards system.

Encourage Input and Feedback

A company cannot possibly run with just one person doing the jobs of many. With that said, it’s a great idea to encourage input and feedback from your employees. They are the ones in the job, seeing things first-hand, therefore they can provide you with a different perspective. Again, this also goes back to an employee feeling valued and appreciated since you are letting them know that their voice and opinions matter.

Creating an environment that fosters job satisfaction and happiness is a win-win situation for all.

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How to Open Your Own Forex Company

Jul 27, 2017 by

How to Open Your Own Forex Company

Opening a forex company comes with numerous steps to ensure it’s legal and, of course, worth undertaking in the first place. You’ve decided to start your own brokerage because you’ve heard of the masses of wealth available to you. Or you’ve decided to start one simply because it’s been a lifelong ambition of yours. Whatever reason(s) you have for starting your own forex business, have a look at some of the below steps to consider before doing so, just to make sure it’s still something you have the motivation and willpower to undertake.

Research the Market and Your Competitors

The forex industry is a hugely competitive market, so it’s important you research the market and your competitors in full. By researching the market and your competitors, you’re going to be able to find a niche for your own brokerage and that will essentially make it easier for you to compete as a small fish in a very large pond.

Plan Your Venture

Once the research is done and you feel you have a niche to compete in, always plan your venture so you know what you need to do during every stage of business. A detailed business plan could be the difference in the forex business becoming a success or not, so it’s one of the most important steps.

Get the Necessary Capital

Once you’ve researched the market, you’ll have more idea of how much capital you’ll need to get started and to compete. However, it’s not just the start-up capital you’ll need, as there are several running costs involved to ensure your business doesn’t crumble before it even gets a chance of success.

Many forex start-ups decide to partner with other experienced and knowledgeable professionals in the field because it’s less risky and because more knowledge will give the business a better chance of success. Consider finding a business partner if it’s your first venture or if you don’t have the required capital to start.

Become a Licensed & Regulated Broker

You can’t operate unless you’re fully licensed and regulated within your jurisdiction. Obviously, different rules apply between states and it can be even more complicated if you reside outside of the United States. Contact your local offices to see what’s needed to become a fully licensed entity.

Tie Down Office Space

A smaller entity can work from home or in the garage, but as you grow, you’ll need to consider office space for your other employees to work from. While office space is yet another step needed to ensure the success of the forex company, it’s also wise you gain the necessary leadership skills to be a better boss. By gaining an executive leadership masters or a masters in executive leadership, you’ll be able to take your business to new levels thanks to your employees.

The above steps are just some of the many steps involved when it comes to opening a new forex business. The business plan is one of the most important steps to take when it comes to business, but be sure to pay attention to the strict regulations in different states and countries to ensure your company is fully legal.

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