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26.04.2019
5 Minuten
While you set up any form of business, you should not end up using
all your capital in buying resources. Remember that you also need
money to meet other operational expenses which if not taken care of
at the right juncture can prove to be extremely disastrous for your
business. Hence, you can’t afford to invest all your monetary
resources in buying items which are however essential for your
business but still can be possessed using an alternative means. It
is essential to prioritize your business needs and understand if
you can opt for any other means to possess a resource rather than
have to buy it. In the construction sector, heavy equipment play a
significant role towards the beginning and the conclusion of a
project. However, these machines are extremely expensive and often
not within the reach of small time contractors and construction
companies. Now if you do not possess heavy equipment you have no
other means to start your work. You need some equipment or the
other to begin. The solution is to rent heavy equipment if you
can’t buy it. If you rent then you are only obligated to pay the
rental and as long as you see a need for the machine you can
continue with the rental contract and when the work is over you can
hand it over to its owner. Even a small startup construction
company can easily afford to pay the rental of heavy equipment. It
is also easy to get hold of people who are letting out their heavy
equipment on lease. All you need to do is check out on people who
rent heavy equipment and see if they have the machine that you are
looking for. Other major advantage of skipping to buy heavy
equipment and taking it on rent is that you do not have to worry
about paying the creditor for the machine. It is obvious that if
you can’t afford to buy it you will have to borrow it and then you
got to pay your creditors at the beginning of each month. If in
case you fail to pay them then it may have serious damage on your
reputation, credit ratings and you may also end up losing your
machine. This is definitely not that you would want to happen and
hence carry on your work using heavy equipment that you procure on
lease. While you use heavy equipment on lease, you must ensure that
you take uttermost care of the machine because if it fails to work
then you got to bear the expense of repairing it and getting it
back to business. You just can’t hand it over to the owner saying
that the machine is faulty. Also remember to inspect the machine
well before you procure it. It is advisable to go along with a
mechanic or an expert to inspect the machine. If you know to
operate it, try your hands on it and check if it is worthy to be
taken.
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19.03.2019
5 Minuten
Technology has made lives simpler in many ways. Right from the
beginning of the day to the end of it, we are completely dependent
on some or the other form of technology. It has also helped us a
lot in managing our businesses. You pull out any business out of
the blue and you will find the need of technology in it. It has
helped us in a big way in becoming what we really are. Talking
about the construction industry, the need of state of the art
machines are hugely felt in this part of the sector. Moreover the
heavy equipment are expensive and therefore it is presumably out of
the reach of many. As long as one goes out to a lender to lend
money to buy heavy equipment the person will be able to buy one or
else he has to depend upon people who are willing to let out their
machines to folks who need them for construction purpose.
Technology has played a vital role in creating a platform where the
people who possess heavy equipment but do not need them for the
time being can get hooked with guys who have a construction project
running and are in dire need of construction machines. One can make
use of this platform to meet each other’s business requirements.
The party who is renting his heavy equipment needs to register on
an online portal that works in the line of connecting people who
wants to buy/sell/ lease heavy equipment. Once he is registered
with the site, he needs to prepare a listing where he should put up
pictures of the machine and give an elaborative description. This
needs to be done to inform visitors about the machine and why they
should take this one on rent. The person who is listing the heavy
equipment on an online portal should remember that before he
registers with the portal he should also check how known it is
amongst people who usually look out for renting heavy equipment.
This research is important as it will give a clue to the person
whether he will receive many visitors on his listing. The person
will be paying some fees to the online site for listing the machine
and he should ensure that he is able to rent it in the very first
attempt. Spend some time on internet to know which site people
prefer to go. Apart from that, what are their security policies and
how effectively do they stand to protect the rights of the parties
involved in the transaction. Some online portals also have their
agents who help their clients with the agreement part. It is a must
to prepare an agreement before you lease out your heavy equipment.
The agreement should include all the points that protect the rights
of the owner of the machine. After all, you want to receive the
heavy equipment in the same state as you have given it to the
party.
Mehr
26.01.2019
5 Minuten
We are all concerned about our business assets and in no way do we
want that to be misused by anybody. It is therefore when we have to
rent our office premise or any business related equipment for a
temporary period we try to be as cautious as we can so that the
person who will use it does not make a mess of it. We know that the
items will come back to us and we definitely expect it to come back
to us in the same state as we have given it to the user. When we
are so cautious about our machines which are often meant for normal
use, we can imagine how cautious we have to be when we are dealing
with heavy construction equipment. These machines can’t be used in
a smooth manner because it is just not meant to be used in that
way. Heavy equipment are meant to work in rough conditions
irrespective of how turbulent the weather is and we expect it to
continue to perform in the same fashion for many more years. When
we are thinking about renting heavy equipment we just can’t afford
to be callous and need to give it to a person who knows how to use
it well and then also maintain it. One should follow the below
mentioned tips if they are in the process of renting heavy
equipment. Try to rent it to people you know:- If at all you are
able to rent heavy equipment to a person who you have known for the
last many years you will be assured that the person will use the
machine in the most optimal way and will not exploit it which may
cause harm to the machine. So when you have decided to lease out
the heavy equipment, spread out the word in your business circle so
that people who are known to you will come down to you if they are
interested to take it on rent. You may also invite people who can
come down with reference. You can always cross verify with the
person whose reference has been used. This is perhaps one of the
healthiest ways to search for guys who are looking for heavy
equipment on rent. Be clear with the terms:- You may have several
terms that you want to put across to the person who will take your
machine on rent. You should be quite vocal enough and speak all the
terms clearly. The taker should not have any question or doubt in
his mind. Also make sure that you prepare an agreement that will
contain all the terms in it. Take help of an experienced attorney
who has been dealing with preparing documents for renting heavy
equipment for the last many years. He will be in a better position
to mention all the clauses that will protect the rights of the
owner of the heavy equipment as well as the user. Make sure you
have that notarized and keep a copy with yourself.
Mehr
05.01.2019
4 Minuten
Most of the business decisions are taken at the end of a meeting.
However, it largely depends upon how prepared the person is who is
seeking for work or is selling his product. You got to make an
impact in the minds of the listener with your presentations and
ensure that they find it to be impressive. Anything short of
impressive can turn out to be a disappointment for you. Therefore,
leave no stone unturned when you are preparing yourself for a
meeting and make sure that you have all the content with you that
you will share with others to get business. At times you have to go
through a series of meeting before hearing a final yes and that
could be quite agonizing as well as annoying but you have to give
your best at each shot that you take. Remember that there are too
much of competitors around and they are also vying to sell their
product or get the business. You have to prove that you are the
best and can offer what others can’t in terms of services. In order
to get a construction project one needs to be very sharp with his
presentation skills. He needs to mention all his achievements and
parallel projects that are being managed by him to the people in
the meeting. Your website would contain this information but during
the meeting no one would want to visit your website to validate the
facts and therefore you should take this opportunity to pose the
facts in your way. Try not to state something that is not relevant
or does not exist. The guys in the meeting will definitely verify
the information given by you before they decide to give you the
work. Hence, do not speak out a word that is not true. You can play
around with things that your company has been involved in or
engaged with but in no way overstate your role or else you may get
caught. Carry a formal approach:- Your approach will be the first
thing that will be witnessed by the project givers. Presentation
comes later, what comes first is the way you are looking at that
point in time and how you carry yourself throughout. Wear something
formal which looks decent and professional. For men, try not keep a
beard but if you have to sport one, trim it so that it looks good.
For ladies, they just need to ensure that they do not overdo their
make-up. Do not apply a lot of cosmetic on your face. That may ruin
the way you look. Try to keep it normal all throughout the meeting.
What you speak matters:- You may have a splendid power-point
presentation but that will not help if you just read from the
slides. You should rather remember which slide contains what
information and should talk your mind. This will show how confident
you are and how much you know about your own company. People will
definitely go through the slides but they will be more interested
in listening to you. This is where you should prepare yourself the
most.
Mehr
26.11.2018
5 Minuten
Human resources are perhaps the most important resource in every
industry. You can have good machines, may be rich with financial
resources but as long as you do not have humans to control them and
work on them, it is futile to have so much of resources at your
disposal. It just does not make any sense. There should be a blend
of all the resources to run a business which also involves humans.
So when we talk about human resource, it should be limited to men
who have the capability to perform the work given to them. You
can’t expect anybody to do anything. For instance, you can’t expect
an engineer to operate a machine for you. He is just not meant to
do that work. His expertise lies in some other trade and you have
to give him that work. Precisely in the construction sector as
well, you are expected to follow the same rule. You should hire
labor according to the nature of work and as per their expertise
level. Once you have hired the efficient workforce you should be
cautious and treat them well so that they do not leave you for a
better company. Just by paying them a high salary you can’t keep
them content. They need a better treatment from you and if they get
what they want then there is high chance that they will stay with
you for long. Moreover, you also can’t afford to lose your men
especially when they are skilled and hold an important position in
your company. A good supervisor is very hard to be found. He is the
one who has his grip on the labor. In order to get the work done,
he will tighten the grip and when there is less work or no work, he
will ask his boys to relax. He is also a person who has earned the
respect of his boys and his boys will not say no to him when asked
to work beyond working hours. This supervisor is an efficient
employee for you and you can’t let him go for any trivial reason.
Be a boss with a friendly nature:- When it is about people
management, you can’t afford to be bossy with them. Professionalism
is expected in every professional industry but at the same time one
much also keep in mind that the guys with whom he will be dealing
are men like him and they will delightfully do a work when asked in
a friendly manner. If you maintain a friendly attitude towards all
the employees of your company they will indeed work harder for you
and will not want to leave you. Increase the pay on an annual
basis:- It is needless to say that we all work for money and one
expects a slight increase in his salary at the end of each year. At
times, you have had a bad year with no much business and hence have
not earned enough profit. In such a situation, you should take all
of them into confidence and explain the reason why there will be no
increase or a minimal increase in their package. There is high
chance that they will understand your position and will stick to
you.
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