Archives for June 2018

Are you thinking about buying a company vehicle for your business? If so, be sure to do a VIN check before you complete your purchase. A VIN check, if you don’t know, means that you’ve looked into the history of the VIN, or vehicle identification number, of the car you’re considering buying. A VIN is like a car’s fingerprint, and you can therefore find out a lot about a vehicle by doing a VIN check.

 

RELATED ARTICLE: SHOULD YOU BUY A COMPANY VAN? 4 COMPELLING BENEFITS

 

What Kind of Car Will You Buy?

You’ll also need to consider the make and model of the car that would serve your business best.

BMW automobiles are one of the most prestigious cars in the world. Each one is made of high-quality steel. And the engines are powerful. However, the price for each new vehicle is high.

Because of its high price, people often decide to acquire a used BMW. If the car’s previous owners drove it with care, a used BMW can be a smart purchase. But how can you be sure that the previous owners took care of routine maintenance? How can you be certain that the car you’re considering wasn’t involved in a major accident?

In order to learn the actual condition of a used vehicle, buyers should obtain a VIN report. Therefore, if you want to do a VIN check on a used BMW, go to https://www.faxvin.com/vin-check/bmw. This link will take you to a reliable online VIN lookup service.

 

The Benefits of Doing a Basic VIN Check for Free

Here is what you can get for free at the link shown above:

• The Actual Producer of the Car

Sellers on secondary markets often tune up and remake older, less expensive models look like newer, more prestigious models. However, if you’re buying a car for your business, you’ll want to know exactly what you’re getting.

• The True Year of Manufacture

Don’t just blindly trust the year that’s indicated in the car’s technical documents. The reality can be quite different. Sellers often create false documents to minimize the age of the car.

The BMW Group manufactures cars in different countries. However, for highest quality, it is always better to get BMW cars that are manufactured in Germany.

 

 

The Benefits of Doing a Full VIN Check

Basic data, as shown in the list just above, is free of charge. However, the only way to get complete information about a used BMW is to get a full VIN report. With a full VIN report you’ll get a lot more information. For example, you will learn not only the information you can get for free but also:

Different BMW’s have different engine types. Make sure you get complete information about the engine in the car you’re considering.

Different types of transmissions require different kinds of maintenance. A full VIN check will provide you with complete information about the transmission in the car you’re considering.

• The Car’s Accident History

BMW is a safe car. However, not all drivers are safe drivers. And accidents will happen with BMW’s, too. Before you decide to buy a used BMW, make sure you know its accident history.

The ownership report will tell you about the car’s previous owners. This is particularly important because you can also check the identities of former owners.

• Information About Any Liens

If there are any unpaid liens against the car when you purchase it, you could end up being liable for it.

 

Get All the Facts

Obtaining complete information about your purchase will cost you only a moderate amount. What’s more, armed with this information, you will be able to negotiate a better deal for your new (used) company car.

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The term “business intelligence” refers to the various technologies that collect, store, integrate and analyze data in a business. Business intelligence tools and software are designed to make decision-making easier. Further, these tools will make decision-making more accurate regardless of the size of your business.

According to Statista, revenue from business intelligence and analytics software in 2017 in the US amounted to $18.3 billion. What’s more, this figure is expected to continue to rise. That’s because more businesses are expected to begin making use of these technologies.

 

RELATED ARTICLE: BIG DATA AND ANALYTICS ARE NECESSITIES FOR MODERN BUSINESSES

 

Benefits of Business Intelligence

The increased demand for these tools arises from their many benefits, including:

1. Reduced Costs

By analyzing all reports and data, you can view how much you spent on specific things in your business. This knowledge will help you to reduce unnecessary expenses. All departments of your business will contribute data. Therefore, you will be able to identify areas that are inefficient. You’ll gain understanding about where there are too many expenses. In this way, you will be minimizing waste and increasing your revenue.

2. Increased Competitiveness

Business intelligence tools allow you to get insights into various aspects of your business. This includes business trends. This can put you one step ahead of your competitors.

From your reports, you can:

• Analyze your strengths
• Identify your weaknesses
• Work on the issues

Therefore, you will be able to eliminate numerous weaknesses and issues.

3. Greater Customer Satisfaction

You will be able to monitor customer behavior and market trends. Therefore, you will gain insight into what customers need now. You can then provide the products or services customers need.

You might also end up writing a massive research paper on this topic. Check out CustomWriting services for information regarding business intelligence and customers’ behavior.

4. New Business Opportunities

You can go through all the data in your company within a short time. Therefore, you will be able to spot new opportunities that you might have missed before. Moreover, tools will help you to identify your most valuable customers. They will also reveal ways to gain new customers.

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Opportunities you might want to identify include:

• Market trends
• Market conditions
• Strengths
• Weaknesses
• Proper resource allocation
• Business insights

5. Improved Decision-Making

Most of the time, you might still make business decisions based on a hunch. However, this may not always turn out to be successful. Instead, use business intelligence technologies to make more informed decisions. Better decisions will lead to better results.

Additionally, business intelligence will give you access to up-to-the-minute reports. Therefore, you will have the latest information when you’re making business decisions.

6. Self-Service Capabilities

Business intelligence has self-service capabilities. This means that you and your employees can access key metrics and reports without waiting for IT. Business intelligence tools provide the same data for all users, with easy accessibility.

Several software companies provide business intelligence software. Therefore, you can select one based on the size of your business and the complexity of your operations.

 

 

Finally

Business intelligence is the best way of analyzing all your data without overlooking small but key metrics. The most important benefit of using these technologies is the ability to make timely and accurate business decisions that lead to business growth.

Begin applying business intelligence solutions today. You’ll soon be delivering best practices and data to your business. What’s more, your company will develop in unique and innovative ways.

When you’re starting a small business, it’s easy to make one or more of some common startup mistakes.

However, in Europe, the number of investments in startups almost doubled between 2015 and 2017. So if you’ve ever dreamed of starting your own business, now is the time.

One thing you can do is avoid the most common startup mistake of all, the mistake of talking yourself out of starting before you even begin. To avoid this startup mistake, it is important to keep your negative thoughts at bay. One of the best ways to do this is to conduct thorough research before you begin. For instance, do some deep research about your business idea with essays writing service. Also, talk with other entrepreneurs and study the market well before you begin.

In this post, we discuss some other common startup mistakes. We also give some examples of famous entrepreneurs whose startup mistakes were mere bumps in the road for their now-successful companies.

 

Startup Mistakes Made by Startup Stars

Image Credit: Stefanos Kofopoulos on Flickr

Everyone makes mistakes, and here’s proof. Some famous CEO’s who made startup mistakes at the beginning of their careers are:

• The famous visionary Bill Gates of Microsoft made the mistake of not expanding his ideas about search engines. Microsoft used MSN Search, which wasn’t accurate or powerful. Google stepped into the gap and became the most widely used search engine to date.
• As the CEO of Apple, it was Tim Cook’s responsibility to ensure that Apple Maps was really ready to be launched. As it turned out, Apple Maps lost ground with users because its early versions gave faulty locations.
• Netflix’s Reed Hastings announced a separate DVD section in 2011 named Qwikster. Customers didn’t find it useful and the company had to shut it down.

You can also learn from other entrepreneurs by following them on social media.

 

RELATED ARTICLE: INNOVATIVE STEPS THAT CAN HELP YOU TO BRING YOUR BUSINESS TO SUCCESS

 

Startup Mistakes the Rest of Us Can Avoid

We can’t all recover so brilliantly from our mistakes as did Gates, Cook, and Hastings. Therefore, it’s better if we can avoid most startup mistakes when we can.

To that end, here’s our list of some common startup mistakes to watch out for:

 

Mistake #1: Putting All Your Savings into Your Business

It’s true that you have to give up something to gain something. However, think logically if putting all your savings into your new business is worth the risk. It is possible that your business might not work out. If that were to happen, you would lose everything that you had.

Even if your business turns out to be successful, it will likely be a few years before you see a profit. Therefore, it’s best to start small. For instance, it’s pretty inexpensive these days to start an online business. You might also choose to collaborate with another entrepreneur to share expenses and responsibilities.

 

Mistake #2: Being in a Hurry

It’s a good idea to start a business early in life so that you can enjoy the profits later. However, it is also important to research properly about all possibilities. This can take some time. Education and research can lead you to solutions before problems even occur.

Therefore, conduct careful and complete research about your:

• Product
• Business functions
• Advantages
• Disadvantages
• Profit and loss

 

 

Mistake #3: Listening to the Wrong Advice

Going it alone in the business world is risky. But having too many people on your advisory board can also be problematic. One of the chief reasons to partner with another person is that she or he will offer new ideas. However, sometimes listening to the wrong advice can delay the decision-making processes.

Ask several entrepreneurs for their advice, but do your own thinking. Don’t let conflicting suggestions leave you confused.

 

Mistake #4: Focusing More on Production Than Sales

Some entrepreneurs say that production is the first thing you have to focus on. Greater production, they argue, will automatically increase sales.

But the experts will tell you that sales are the holy grail.

When you focus on sales you’ll be bringing in revenue. Production will naturally rise as a result. Bringing in more sales will make your startup more competitive. As a result, your business will flourish.

 

Mistake #5: Spending Too Much on Advertising

Advertising is an important aspect of any business. However, it is not the only area which requires funding. You must take into account the small budget most startups begin with. Therefore, don’t make the startup mistake of spending a huge chunk of your funds on advertising when you first start out.  There are inexpensive ways to market your business in the beginning. Expensive advertising can wait until your startup has a solid customer base.

 

Finally

The startup mistakes we’ve listed here are not intended to stop you from dreaming big and giving shape to those dreams. You’ll make mistakes. Everyone does. But learn from the examples of others. Try not to repeat the common startup mistakes that many others before you have made.

And if you do make a startup mistake, get right back up. Dust yourself off and start all over again.