5 Ways the Right Truck Finance Can Make or Break Your Freight Company’s Success

Jun 14, 2016 by

5 Ways the Right Truck Finance Can Make or Break Your Freight Company’s Success

Do you own a freight company? Whether you’re spearheading an enterprise large or small, your success ultimately depends on delivering the services you promise to your clients. As a freight company, your responsibility lies in getting goods and products from point A to point B in a safe, timely manner. Building a reputation for excellence in your industry depends on a few factors: devoted truck drivers, well-crafted systems, and top of the line equipment.

To be sure, a significant investment is needed to get a freight business of the ground, and continual upgrades and improvements will keep it going strong. In short, you need capital. Chances are you’re not a millionaire, so quality truck financing will factor into your business plan. You might be surprised, however, to learn that the right truck finance can have a greater impact on your future prospects than you ever reckoned. Here are 5 ways the right truck finance can make or break your success.

MAKE: A range of truck financing options to suit all purposes, budgets, and needs

Options are key for any business seeking finance solutions. When you work with an individual bank or other lender, your options are limited to what that institution offers. Want your freight company to succeed? Choose a finance provider with variety at their fingertips. This ensures you get the best deal for your particular financial situation, and gives you flexibility with things like repayment terms, interest rates, and more.

BREAK: Impersonal service that doesn’t match up with your business goals

A big problem for your freight company is when you work with lenders that don’t prioritise your business. Such impersonal service comes at a price; you miss out on the valuable benefits a true partnership affords, and you can end up feeling lost and alone in the world of financing. Without the confidence of a solid Australian financing company behind you, your actions and decisions are far more likely to be impulsive and result in errors or loss.

MAKE: Partnerships that care about your ultimate success

When you work with loans officers who care about you and the success of your freight company, the outcome is incredible: better financial products that align with your goals and secure financing that lets you purchase the trucks and equipment you need, when you need them.

To truly make your freight company, a real partnership between finance institution and your business must be built. For instance there are lenders and freight factoring companies that caters specifically to the trucking industry and would know your business the best.

Choose a team that prioritises and values that relationship, and knows you by name. This will make all the difference in the world.

BREAK: Banks and financial institutions that put themselves first

Without such a partnership, you’re virtually on your own. Many small business owners choose to source their loans and financing from banks or other lenders. While these can seem like straightforward options, the truth of the matter is, these institutions will always put their own needs before yours. Banks will push their own lending options on you, without concern for whether or not the financing truly meets your needs. In a situation where you need additional flexibility or support, a bank isn’t going to be there for you. The right truck finance provider will be.

MAKE: Fast approvals that get you on the road faster

Think you have to jump through hoops just to secure a loan? It shouldn’t be this way and it doesn’t have to be. The right truck finance can be obtained more easily, with options for low-doc financing (so you don’t have to produce countless documents) and faster pre-approvals for a range of credit situations.

As you move forward in starting or maintaining your freight company, keep these considerations in mind as you search for truck finance. Top financial service providers do exist, you will bring you the right truck finance that fits just right. And that will surely ‘make’ your success!

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You Can Now Enroll in Payroll Training Courses

Jun 7, 2016 by

You Can Now Enroll in Payroll Training Courses

Instead of hiring someone to do your payroll for the company, you can now do it yourself. It is complicated, but you can learn it over time. You simply need to have the basic knowledge of how payroll works. The good news is that you can learn how to deal with payroll by enrolling in online courses. In just a few hours or 5 to 10 sessions, you can now learn the basics and do the payroll for your company.

This means that you only invest a few pounds to learn a new skill, and you save a lot of money for your company. Imagine the amount that you need to pay for payroll services. Therefore, if you have enough time, go ahead and learn the details of preparing the payroll.

Another advantage is that you can pace your own work. You don’t have to wait for someone to finish it on the specified deadline, or even later. You might even worry about inaccuracies. Though you can pass on the blame to the person who did the payroll, it will ultimately be your company that will be fined.

Therefore, it is in your best interest to enroll now. You can check out some of the best possible courses online. There are a lot of legitimate sites that offer these courses. They also conduct webinars, provide educational videos, and give out activities for you to complete. Over time, you will learn the most important aspects of preparing the payroll.

The downside

Though it is great that you learn about payroll, it has a downside too. As the owner of the company, you need to understand that you already have a lot on your plate. You can no longer afford to accept more tasks. Though you are a multitasker and you think you can balance everything, the truth is you cannot. You might even have to sacrifice something along the way. One of the biggest problems is that you might not complete the documents with accuracy. Another problem is that you might lack time for your family or for other important matters because you are drowned by business related tasks.

In order to solve this problem, you should go for payroll outsourcing. If you wish to save money, then this is the best choice. You hire someone only when necessary. You don’t have to employ this person on a full time basis. You simply have to hire him once a month to do the payroll. Once the task is over, you pay the agreed amount and you’re done. You should only hire those employed with certain companies to ensure accurate results.


Featured Image Courtesy to Stuart Miles

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Navigating Asset Finance for Small Business Growth

Jun 3, 2016 by

Navigating Asset Finance for Small Business Growth

Small business can make smart use of asset finance and its various benefits to fuel growth and expansion. But how does asset finance work, and is it right for your business? Here’s what you need to know.

Typically, business growth requires serious investment of capital in relation to new equipment, machinery, plant, vehicles, technology or other business assets. But if you’re a new start up enterprise, how can you afford to spend on such assets in order to grow and expand your business?

Asset finance, as provided by Ultimate Finance is the solution. Hire purchase and leasing options provide access to assets which you might not be able to afford to purchase outright.

How does Hire purchase function?

The basics: at the end of the agreed term you own the asset. A deposit of between 10% and 20% is normal. You pay a set monthly sum. You get access to the asset without needing to come up with the full amount upfront. However, you also need to factor in the interest you will pay over the term, which can typically be 25% of the overall value of the asset.

Benefits of hire purchase

  • No need for a bank loan.
  • No collateral or security required.
  • You own the asset at the end of the term. You can sell it and recover some of the investment made in it.
  • Hire purchase payments are tax deductible.

How does leasing function?

The basics: you use the asset, but never own it. Normally there is no need for a deposit. You pay a set monthly sum to use the asset. At the end of the period you can upgrade or replace the asset or simply terminate the agreement. Lease periods are flexible, typically between a month and 24 months. You avoid the need for large capital expenditure upfront, although you never actually own the asset.

Benefits of leasing

  • At the end of the term you can simply terminate it, renew it, or possibly purchase the asset (optional).
  • It is easier to update an asset for the latest version (if this is important) for your business.
  • Leasing often includes all related services such as maintenance, repairs, insurance and replacement in case of breakdown. You are only responsible for the monthly payment.

Being able to access the necessary machinery or equipment which will allow your business to expand and move forward is essential for growth; and asset finance allows you to do this without the need for immediate large capital investment. By spreading the cost of asset acquisition over a longer period, either through hire purchase or leasing options, your business can move ahead confidently.

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The Top Questions to Ask Yourself before Becoming a Business Owner or Entrepreneur

Jun 1, 2016 by

The idea of having your own business has always been an attractive one for many people – you have your own time, you can manage your schedule the way you want, you can have other people working for you, and, if your business is successful, all you have to do is sit back and rake it all in. But having a business is more than this. It takes plenty of time, effort, and resources before you can make it work. But if you are thinking of becoming ‘your own boss’, how do you determine if it is really what you want to do and if it is really the right fit for you? Below are some top questions you should ask yourself before venturing into the world of business as an entrepreneur.

Am I really suited to having my own business?

You have to be honest with yourself when you ask this question. First, you have to have an idea of what benefits you can accrue by being your own boss. Afterwards, think about the disadvantages of being an entrepreneur. Do these benefits and disadvantages suit your own goals in life, your personality, and your skills? Additionally, you have to assess your leadership skills. Do you see yourself as a leader, or are you more of a follower? Are you good at motivating other people? Additionally, are you comfortable with reprimanding other people or disciplining them? How about making decisions? Are you comfortable taking risks and making major decisions, or would you rather leave this burden to someone else?

Do I prefer stability, or do I like taking risks?

The Top Questions to Ask Yourself before Becoming a Business Owner or EntrepreneurImage Courtesy to : Stuart Miles/FreeDigitalPhotos.net

Many successful entrepreneurs like being in full control, and they also like the challenges related to running their own company. If you see yourself this way, then it’s the first step to becoming your own boss. However, if you prefer the stability and security brought by a job, paid holidays, and government benefits, then you may be better off staying an employee.

What strengths and weaknesses do I have?

You also have to be fully aware of your own strengths and weaknesses. Once you have a complete understanding of this, it will be easier to choose the type of business that will showcase your strengths and not your weaknesses. Also, if you have a particular skill in a certain sector or industry, then you may want to take advantage of it. If you don’t, it would be a good idea to find a partner who has a background in the industry you are interested in.

Additionally, you should work on your weaknesses. If you have a weakness in finance or accounting, then you could find someone to help you with it from the start, such as one of the many firms of accountants central London offers.

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Examining the Impact of Obamacare on the Healthcare Business

May 28, 2016 by

The U.S. is one of the only developed nations without universal healthcare. While the Affordable Care Act (Obamacare) is not universal healthcare since it does not cover all Americans, it is aimed at closing the gap between the two. Though the act was passed in 2010, its main coverage provisions came into being on January 2014. As of 2013, some 41 million Americans were uninsured.

By the end of 2015, Obamacare had extended its reach to 13 million citizens reducing the uninsured number down to 28.5 million Americans. The first quarter of 2016 saw an extra 1.2 million Americans receive health insurance. This meant that only 8.6% were uninsured, marking the first time in the nation’s history that the uninsured rate has dropped below 9%. As such, the Obamacare act is the most significant overhaul of the US healthcare industry since the enactment of Medicare and Medicaid in 1965.

Its mission to lower the number who lack coverage by reducing healthcare costs while increasing the quality of treatment has changed the healthcare business significantly. Obamacare, using a mixture of mandates, insurance exchanges and subsidies, was always destined to reshape the American healthcare industry. Here we review some of these impacts.

1. Shifting of Incentives to Patient Outcomes, and Away from Patient Volumes

Embedded in Obamacare are incentives designed to retool healthcare providers towards a quality care mindset rather than care by the numbers. Hospitals and other health facilities will now receive reimbursements based on the quality of the treatment they offer as opposed to basing it on the number of people you treat. It now makes sense for facilities to keep people healthy than to fill up hospital beds.

The pay for performance model (P4P) employs quality metrics such as; how well the patients grade their treatment, the adherence of the hospital to prescribed processes and the outcome of the patient’s treatment.The program has led to more providers adopting innovations such as the bundling of payments – whereby patients pay a one time fee for an entire treatment procedure no matter how many times they are treated. This leads to more emphasis on preventative care.

However, despite the seemingly logical nature of the program, there is scant evidence of it having a positive impact on health outcomes. One particular renowned study showed that over the short term, hospitals using the P4P model had high performance scores as compared to those that used the old pay for service model. However, after five years, the scores of the two groups had virtually the same performance ratings.Fears have also been raised that the P4P program may disadvantage high risk patients who hospitals will want to avoid as they may bring their performance scores down. Despite these challenges, the P4P model remains popular among policy makers. The Committee for Economic Development is of the view that though the system is not without fault, it is only in need of innovation and optimization.

2. Rising Data Management Costs

Physicians are struggling with mounting data handling costs associated with the reporting of quality measures. A study estimates an annual expenditure of 15.4 billion, or around $40,000 yearly per physician, just for reporting of quality indices. Healthcare providers lament that if the quality measures continue to increase, a lot of money will have to be spent on reporting of external quality controls such that there will be little left to allocate to monitoring those internal quality measures specific to each provider.

3. Personnel Shortages

The newly insured and the aging baby boomer population is straining the already burdened healthcare workforce. The Bureau of Labor Statistics (BLS) projects that by 2022, 526,800 extra nurses will be needed to replace those retiring and to keep up with the increase in patients. This represents a 19.4% increase from 2012. As for physicians, it is estimated that we will need 90,000 more by 2025 in order to provide adequate care.

As it stands, doctors, nurses and other healthcare professionals are overburdened causing stress, burnout and even retirement. While this is certainly bad for patients, it is beneficial to job seekers and those entering college. Degrees such as a masters in healthcare management and online masters in healthcare administration are in demand across the healthcare sector as more MHA careers are made available.

4. Increase in Revenue

Obamacare has led to an increase in profits by insurers because of newly covered clients, many of whom benefit from government subsidized premiums. The five largest providers have outperformed the S&P 500 index for the last 5 years. According to the New York Times, Obamacare, through subsidized premiums, effectively made insurers into direct beneficiaries of its mission.

Final Thoughts

Overall, there isn’t much of a consensus on how much of a success it’s been. But many still agree that the previous system was broken and needed a change. Whether Obamacare is that change remains to be seen. However, as the system is continually being tuned and refined, it is expected that the healthcare business will see a net positive benefit.

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5 Great Career Choices for Altruistic People

May 27, 2016 by

People who are altruistic in nature usually need a sense of fulfillment in any kind of job that they pursue. However, too many social minded positions do not pay well, which makes them unattractive career choices. But, there are many meaningful jobs out there that will allow you to make a difference while still earning a good buck. Here are just a few of them.

Public Interest Lawyer

Public interest lawyers will usually work as public defenders for people who don’t have the means to hire a lawyer. While the pay they get compared to other lawyers is smaller, a good public interest lawyer can expect to make around $75,000 a year in average. In addition to working as public defenders, public interest lawyers can work with civil rights organizations and other nonprofits as well.


Jobs in law enforcement can be very fulfilling as well. Keeping criminals off the streets and keeping social order is essential to the well being of all, and it comes as no surprise that most detectives interviewed found their job to be meaningful.

Detectives can earn up to $79,620 a year on average, which is at the higher end of the spectrum for law enforcement jobs.

Healthcare Informatics

There is a wide variety of positions in the healthcare industry that can be very fulfilling while still paying well. Take healthcare informatics per instance. Those who pursue a master’s in healthcare informatics will be at the forefront of managing and transferring critical information to the proper departments.

While those pursuing a healthcare informatics master’s degree will not be directly involved in treatment, they still play an essential part in the healthcare system. They will usually be in charge of directing new patients and gathering critical information about their conditions so they will be forwarded to the right professionals. For those looking for a good healthcare informatics program, theUniversity of Illinois at Chicago has a great online healthcare informatics program that anyone can join.


The field of surgery is a very fulfilling one and allows you to make a direct difference in people’s lives. While the training might be grueling and stressful, most surgeons surveyed said that they found their jobs meaningful. Also, surgeons are among the most high paid healthcare professionals, making upwards of $247,520 a year on average.

Educational Administrator

Deans, principals and other types of educational administrators are there to make sure that the educational process goes smoothly and that students have the best environment to work in. Educational administrators can play a pivotal role in the development of a child and can inspire them to pursue their highest goals.

And what’s even better is that educational administrators earn much more than other professionals in the education sector. As a matter of fact, educational administrators at the high school level earn $92,940 per year on average, and $102,610 at the collegiate level.

All these positions are perfect for altruistic people who want to make a difference in the world while still getting paid. So, if you fit the profile, we suggest you take a closer look at some of these positions to see what they have to offer.

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Use Technology To Benefit Your Small Business

May 23, 2016 by

Use Technology To Benefit Your Small Business

Running a small business can be a lot of things. Rewarding, exciting, and sometimes stressful. You want to make your business as successful (and profitable) as possible. That requires a lot of hard work and determination. Oh and technology. It is amazing how electronic devices can benefit a small business. Not only can they make day-to-day operations easier but they can also boost profits and reduce your stress levels. Intrigued? You should be. Here are some of the ways that you can use technology to benefit your small business.

Use The Internet To Bring In Business. These days? You need to have an online presence. An easy to navigate website can mean the difference between financial success and being in the red. Make sure you have a website that it is both PC and mobile friendly, that you are marketing effectively, and there is a call to action. Remember: you want to boost your business! Something else you will need? An antivirus for small business. This will keep your computer free and clear of any viruses or malware that could affect your productivity and security. With a great website and an efficient computer? You will be ready to bring in new customers.

Stay In the Loop with a Tablet. It can be challenging to step away from your business, even for an hour or two. You want to make sure everything is getting done the way it should be. The solution? Make good use of your tablet. It is portable but will keep you connected in many different ways. For instance, you can check the work email account, make changes to the business website, hold a video meeting with employees, research new clients, and so on. It is the perfect way to get things done on a commute or when you are out and about.

Make Use Of Video Chat Programs. Speaking of video meetings, this is something that can be super effective. Using video chat programs – like Skype, for instance – can be a great thing for your business. It allows you to communicate quickly and effectively with your employees, contractors, investors, or even potential clients. A video chat lets you put in face time while cutting back on your travel expenses. That means less money out of pocket on gas and transportation, and more time getting things done.

Market Your Small Business By Using Social Media. Say you have a computer, one that is running well and has the latest internet security software installed from a reputable company like Bitdefender Antivirus. What next? It is time to do a bit of marketing, and in this respect social media is king. If you can make a splash on social media (using websites and apps like Facebook, Twitter, Instagram, and Snap Chat) then you are already ahead of the game. This is a great chance to build a loyal audience, advertise, and share new promotions. Never underestimate the power of social media, and use technology to build your brand. It can make a big difference to the success of your small business, both now and in the future.

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