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Die casting is an industrial manufacturing process that uses tooling to produce metal parts. When these parts have a complex and precise geometric shape, no other industrial process can achieve the result that die casting gives. This process uses molten alloy or metal injected into a high-pressure chamber. So, without further ado, let’s dive into this blog and learn some of the advantages of die casting.

Die casting process

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In this process, reusable steel molds are preheated and possibly coated with a release agent to protect the tool surfaces and lubricate them before each use. The molten metals are pre-measured and injected at very high pressure into these molds. The selected alloy is fed to the mold cavities through the gooseneck, the machine nozzle, and the feed channels. The part is ejected from the mold.

The plunger returns to its upper position, the gooseneck opening is released, and the injection chamber is automatically filled with molten metal. The machine is then ready for the next injection. This high-pressure process gives the parts a dense, fine-grained surface structure with a wide range of physical and mechanical properties, such as fatigue strength, which is an important criterion for metal selection.

Indeed, fatigue failure is the most common occurrence in mechanical parts. It has a fatigue strength seven to ten times greater than ABS-type plastic. The choice of metals or alloys to be used also depends on the specifications and function of the part. One of the most commonly used processes in aluminum die casting. Other metals, such as brass, magnesium, and zinc alloys, are also used.

What are the advantages of die casting?

1. Perfect for fast and high-volume production

This casting process allows for high production rates. The process can be repeated hundreds of thousands of times with hardened steel injection molds to create perfectly identical metal parts. With zinc alloys, production rates on conventional hot-chamber machines are high and can, in some cases, exceed a thousand injections per hour for thin, small parts. Die casting is therefore ideally suited for high-volume production. Moreover, it requires little or no machining.

2. Durable and accurate molds

The tools are strong and long-lasting. They are also heat resistant, have good dimensional stability, and maintain close tolerances. Depending on the complexity of the part, the high precision of the tools allows the elimination of a maximum of machining operations. With tooling, life is longer, which helps to reduce production costs.

3. Durable parts

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Die-cast parts, even those with very thin walls, are stronger than their plastic counterparts of exactly the same shape or size. In addition, they are stronger because these functional parts can be molded as a single unit, eliminating the need for the assembly of different parts.

4. Finishing

Several finishing processes can be applied to the raw castings. Firstly, for the preparation of the surfaces, there is shot blasting, which is a projection of metallic particles on the parts in order to remove the burrs and traces of molding. Then there is sandblasting, which is the projection of sand or small glass beads on the part using a directed jet.

Tribofinishing: the parts are placed in a vibrating tank that contains abrasive ceramic pebbles. Grinding and deburring allow for manual removal of marks, usually on large and/or small parts, and finally, there is polishing, which is done prior to a very high-quality surface treatment, allowing preparation for bright chrome or beautiful gold plating.

5. Assembly

To eliminate machining operations (drilling, threading, and tapping) and assembly elements (screws, nuts, rivets), die-casting gives the possibility to realize connections such as crimping, riveting, screwing, press-fitting, gluing, or overmolded insert. It is perfectly suited for these types of connections.

Looking for help?

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Are you looking for a professional die casting company? Are you in Montreal? Then look no further than Capitol Industries, Inc. They are a renowned cam and specialty locks manufacturer. The company’s factory in Montreal, Canada, provides customers with a full range of services, including quotation, tooling design, production, process design, manufacturing, and finishing.

Their products include locksmith, cam locks, specialty locks, cabinet locks, master keyed locks, mailbox locks, letterbox locks, and more. For more information, please visit the company’s website. So, what are you waiting for? Give them a call and make all your dreams become a reality with the help of their team of experts.

I often wondered if brands really matter when it comes to buying consumer products. I mean, you could be buying expensive stuff that’s tagged with a familiar brand name and still end up with “poor-quality” stuff. Honestly, what matters more than the brand is the company’s take on customer satisfaction. It’s hard to believe, but today there are several companies that would keep a consumer focus on everything they do, no matter what. So, let’s take a look at these consumer-centric companies.

Discount Tires

Discount Tires

If I ask you who makes the best tires, you’d probably say Michelin. I would say the same thing. But, now I’d like to ask you who makes the best tires and creates amazing experiences for its customers. My answer would be Discount Tires.

In the late 80s and 90s, Michelin always won the test, especially on high-performance BMW cars. On the other hand, Discount Tires is one of the world’s largest tire retailers that focuses on maximizing customer satisfaction rather than just focusing on business models. The company’s history dates back to 1960, when it was founded by Bruce T. Halle in Ann Arbor, Michigan. After experiencing a series of failures, the man decided to open his own business. All he did was to rent out an old plumbing building and hang a board along with a couple of tires. He got his first customer after three days and it took him more days before he was able to sell his first tire. However, it’s truly astonishing to see how this small “enterprise” turned into the world’s largest wheel retailer. Today, the company has over 500 stores across the globe and is known as the very best on the market.

Experts often allocate the success of this company to its competitive and affordable prices, but according to Halle, the company was able to fly high because the focus was neither on wheels nor on money; it was on improving customer experience. On numerous times, the founder himself attributed the company’s growth and overall success to both its hardworking employees and satisfied customers.

It’s true that today you’ll find hundreds of tire manufacturers who will offer dozens of tire models and each will vary in quality and performance type, but when it comes to Discount Tires, they will make sure you leave the store as a happy customer and with a smile on the face.

In this fully integrated global world, it’s sometimes hard to come across companies whose genuine focus is on customer satisfaction rather than their own satisfaction. Companies are built around different philosophies and the motto of Discount Tires, according to me, is something that goes like “We’ll work hard to keep you happy!”

And, here’s what Halle said to his employees: “Do a good job, and I’ll provide lifelong opportunity for you.”

Awards and Recognitions:

  • In Los Angeles, Coachella Valley and in Northern and Central California, Discount Tires was named as “America’s Tire”
  • According to Forbes, Discount Tires is “the world’s largest independent retailer of tires and wheels.”During the 36th annual National Philanthropy Day awards program, Discount Tires was honored and awarded with the Philanthropy Award for outstanding mid-sized corporation or business.
  • In 2019, Discount Tire won Glassdoor Employees’ Choice Awards and was listed as one of the Best Places to Work.
  • In 2017, NewsWest 9 viewers listed Discount Tire as the “Best Tire Store.”
  • In California, people who participate in the People’s Choice Awards named listed Discount Tire as the “No. 1 Tire Dealer” in the Retail & Shopping category.

Customer Reviews:

Customer Reviews

“I’ve already purchased 4 premium car tires and I’ve never had any problem with the tire performance. When one of the tires got puncture, they even replaced it. I think the company is very organized, neat and the entire staff is friendly and professional.” – From Lorna. T

“It was my first time buying from them and I couldn’t agree more…they are really friendly, helpful and very quick.” – From Lawrence. C

“It’s a pleasant shop and I’m very happy with their workmanship.” – From Bruce. L

 

Some still refuse to accept that COVID-19 has somehow changed the world and how it works, but there’s no denying that the pandemic has had a huge impact on small and medium-sized enterprises.

While some were forced to shut down, others have survived, but some still hesitate to start their business. Well, the good news for you is that there are lots of hot business opportunities waiting for you out there. So, it’s now or never!

Dental Services

Dental ServicesWhile the whole world was on lockdown, the American Dental Association (ADA) and the CDC ordered all dental officers to stop non-urgent visits and surgeries because of the coronavirus. There was a likelihood of COVID-19 being transmitted from the dentist’s chair to the patients – and vice-versa – and also through aerosol, micro-particles or airborne particles, and thus, there was the need to protect both dental patients and staff. While it was best to implement restrictions and make sure all precautions are being taken, we can’t also forget that a lot of people missed out on their routine dental check-ups.

Let’s take Jodi Hayes, for example. She lives in England and is a mother of three adorable children. She had issues with her teeth since she was very young and the absence of routine dental check-ups during the pandemic created a kind of anxiety in her.

Here’s her statement:

“I don’t have a dental phobia… but if I don’t have my regular check-ups, it builds up anxiety. I couldn’t wait or the phased return in Wales, so I joined a private dental practice in Caerphilly.”

Dr Russell Gidney, the owner of Beaufort Park Dental Surgery, said “I have around 6,000 patients who have not been given a routine check-up, all because of COVID-19 restrictions. And, I don’t think I’ll be able to catch up with this backlog.”

Dental facilities offer room for success for those with the right qualifications. So, if you have a bachelor’s degree or a doctorate in dentistry and/or have at least a minimum of two years of experience, then this is the time to make your entrance in the dental industry.

It’s true that dental equipment can be very costly (you don’t want to imagine the look on my face when I learned that the chairs alone cost $2,000 or more), but if you consider the cost of the procedures and dental surgeries and how experts recommend that people see the dentist every six months or an average of twice annually, I’m sure you’ll earn enough money to feed the children of your grandchildren.

Electronics Repair

Electronics RepairMost electrical issues – I said most, not all – are always repairable. But, it’s always a tough decision to make.

Suppose you bought a mobile phone last year and now it’s damaged. Usually, the purely logical economics-based decision goes something like this: if you decide to repair the phone, it might cost around $ 100- $ 200 ($ 200 is the max for me), but if you want to buy a new phone, you might need to spend much more. But, people are not all that logical; if an average American ends up with a broken phone or laptop, he will just throw it and buy a new one rather than spending his time and money on repairs. (Note: I do agree that in some cases, if your current device is incurring more maintenance and repair costs it’s probably best to buy a new device.)

However, ever since the COVID-19 pandemic has driven most prices of consumer goods, people have started relying on electronic repair services. If we consider the 2022 report from the Business Research Company, the global electronic repair market is expected to increase from around $8 billion in 2021 to $9.6 billion in 2026.

And, with hybrid working as the new norm, electronic repair is going to be the solution for every damaged iPhone screen, broken laptop, Wi-Fi card and many other electronic devices.

 

Before the COVID-19 pandemic, everyone – be it a person in his early twenties or an adult that reached the retirement phase – knew exactly what industry they wanted to conquer. However, the coronavirus created a huge mess in the world, leaving most of us unable to figure out which business to start.

However, here’s a compiled list of this year’s most profitable businesses to help launch your entrepreneurial journey.

Cleaning Services

Cleaning ServicesHard-earned money is very difficult to part with, especially when you’ll think of spending it on some things that may seem unnecessary; things that could be done with some DIY efforts like cleaning. However, hiring house cleaning services is no longer considered an added expense or a luxury meant only for the upper-class people.

I often say that cleaning is not just a task; it’s a kind of art that requires lots of time and effort.

However, we are living in an era where every individual has a busy life schedule and is preoccupied with this temporary world. It’s no longer about who wants to clean, but instead no one has time to clean the house. Between work, traveling and taking care of kids, people have merely enough time for themselves. Yet, everyone wants to live in a clean and well-maintained home.

So, if you are looking to start your entrepreneurial journey by providing simple services that could generate substantial revenue, the cleaning industry could be an option.

I know that many will be ashamed of opening a cleaning business. They might be super great at cleaning or at managing a business, but they’ll be afraid to tell their friends about their “blue-collar” company – all because of the “taboo” society tagged to this job title.

Well, there’s nothing to be ashamed of opening a cleaning business and in fact, it’s important to know that this business has outdone itself since the COVID-19 pandemic. As per the statistics of ZipRecruiter, the ads for professional cleaning services increased by 75 % and the compound annual growth rate is expected to rise to 6.5 % by 2030.

Business Consulting

Business ConsultingI think consulting is not the right term to describe the job; I’d say it’s more like facilitating or solving a business problem as an expert. On one side of the spectrum, you’ll be providing simple answers to complex questions while on the other side, you’ll be helping an organization reach the results stage, which is a much more complicated process and requires distinguished skills.

Unlike what most people think, consulting is much more than just “giving advice.” Backed by your expertise in a specific industry, you’ll be tasked with scaling a business, keeping customers happy, introducing innovation and creativity in the business, finding areas that will need improvisation, establishing industry standards and paving the path for growth, expansion and survival. And, let me remind you that these are just a few tasks among the roles a consultant has to play.

So, along with his expertise and observational skills, a consultant plays a prominent role in the growth and development of a business. And, before investing yourself in this area, make sure you can familiarize yourself with the following list that consists of some of the particular skills of a consultant:

  • Hard work
  • Good Corporate Communication
  • Well Organized
  • Can manage stress
  • Can work under pressure
  • Original Thinker
  • Good Observant
  • Good speaker and listener
  • Management Knowledge
  • Can Face Competition
  • Efficient & Effective

Car Wash Services

Car Wash Services

Excuse me, what?

I know it may sound a bit unusual, but according to a recent study by Consumer Reports, people are dead set on keeping their cars longer due to the high cost of living and the rising prices of new cars. As a result, these car owners will need help in maintaining the value of their auto investment.

And, if we go as per the statistics of International Carwash Association, an average American car owner would most probably wash his car at least one or two times per month, making an average of thirteen times per year. And, since no one has the time to wash their car, I guess we’ll all be relying on car wash services.

 

 

 

 

 

 

Good bookkeeping is a major criterion that reflects the excellent management of a company. However, for SMEs, this exercise is not always easy to achieve. What is then the bookkeeping? What are the advantages? And what are the alternatives available to SMEs regarding this exercise?

Bookkeeping: What is it?

account

Bookkeeping is the process of keeping track of all the elements that are relevant to the accounting field. It can be purchase invoices, sales invoices, receipts, or any other documents of the kind. Bookkeeping is essential, often trivialized by some business owners who consider it to bring very little added value to the company.

Bookkeeping is an exercise that can be entrusted to a company’s staff. It allows for cleaning up the company’s finances insofar as it is used to justify all the company’s expenses in the smallest details. On the other hand, it allows the company to be in good standing with the tax authorities.

However, for more efficiency and in order to obtain fully transparent points, it is recommended to entrust this task to an external provider. This service provider can be an accredited firm in the field, added to the fact that it must advocate loyalty, rigor, and integrity in all its operations.

To this end, accounting firms are an excellent option for the rigorous maintenance of the books of account, the establishment of annual accounts, and the management of issues related to tax returns and estate accounting.

Bookkeeping: A legal obligation

account

If many business owners tend to trivialize the issues related to business accounting, it should be noted that it is a mandatory exercise. Moreover, the famous pretext that tends to justify the fact that an SME can do without this exercise does not hold. It should be kept in mind that the accounting obligations of companies vary according to the tax system.

However, the tax authorities require all companies to keep a written record of all transactions. These records will allow the tax authorities to attest to the transparency and accuracy of the company’s tax returns.

Bookkeeping: The advantages

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It is important for business owners to consider bookkeeping as an opportunity, not a constraint. First of all, it is important to know that good bookkeeping allows a better allocation of the company’s resources.

Indeed, the books of account contain all the information related to the chain of expenses. Consulting them allows you to quickly identify the most profitable activities and those that should be abandoned. Then, good accountancy management allows reassuring the partners and the investors in the sense that it removes the doubts relative to possible misappropriations.

It should not be forgotten that in the world of finance, the rigorous management of the finances of a company constitutes a major criterion likely to influence its listing on the stock exchange.

Bookkeeping: Accounting outsourcing as a solution for SMEs

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It is difficult for SMEs to cope with the various costs of external service providers recruited for bookkeeping in the long term. Therefore, in order to reduce expenses while complying with the requirements of the tax authorities, it is in the best interest of SMEs to resort to accounting outsourcing.

This option, which costs very little, also allows the company to eliminate certain administrative formalities. Better still, it must be emphasized that this approach has been growing considerably in recent years, to the point where software specially adapted for the exercise has been developed.

Sound off in the comments section below and tell us what you want to read next and if you want to read more about accounting.

It can be stressful when it comes to choosing whether you will rent or buy a crane for your business, especially if you are on a tight budget. Buying a crane is an engagement or else its your loss, you are choosing to maintain and store a crane, which is not the easiest job. We will list the main reasons why you will want to rent a crane rather than to buy one for your next project…

Top Reasons To Rent Crane
Top Reasons To Rent Crane

Budget-Friendly

If a business will use a crane for years, it makes sense that they want to buy one, but it is a waste of money for a company that will use it only once. Even if you will need it three or four times, renting is the way to go because it will save you hundreds if not thousands of dollars.

Renting a crane is not cheap, but you must consider that when you buy a crane, this is not the only expense you will have to do; there is a lot of maintenance, repairs, and training cost that you will have to undertake.

Cost Of Insurance

Renting a crane places the stress of insurance fees on the crane services company instead. If you rent the crane, you will not have to spend on an insurance premium. If a premium is required, it will only be for the term of the rental. The stress of getting the crane on the site will be off you, and the rental company will undertake many other details.

Operator

Not everyone has a crane operator working for their business, and it is normal. Some crane rental businesses allow you to rent an operator. You won’t need to provide training or waste money during the hiring process. You will have a fully-trained operator that has various years of experience. This will ensure your safety and the smooth running of the project.

Flexibility

Another advantage of renting a crane is that you can have a flexible lease. If you think you’ll need the crane for a longer amount of time, you can prolong the lease. If you need a crane for a few jobs, there’s no reason not to hire one. If you encounter new problems in your profession, you can also upgrade your crane. Professional crane rental businesses can handle all of your requirements, ensuring that your operation does not come to a halt. You merely need to inform the company you’re dealing with about your requirements, and they’ll take care of the rest.

Choose The Correct Equipment
Choose The Correct Equipment

Correct Equipment

Different cranes are required for different operations, and if you don’t have a full fleet of construction cranes, you may find yourself in a situation where you don’t have the correct crane for the job. Working with a crane rental firm gives you access to a variety of cranes, including mobile cranes, tower cranes, rough terrain cranes, boom trucks, and deck cranes, among others. As a result, when you work with a crane rental firm, you can rest assured that you’ll obtain the correct crane for the job rather than trying to fit a square peg into a round hole.

Another key benefit of employing the appropriate specialized equipment is the reduced chance of employee injury and accidents, both of which can result in downtime. There are also fewer chances of major malfunctions and safety breaches when cranes on every construction site are enrolled in an automated maintenance and repair program.

These are just a few of the numerous advantages of working with a crane rental firm. Contact Casey Crane Hire, the premier mobile crane company in VIC. Operated by professionals with a long history and experience, they are focused on getting the job done and exceeding expectations using cutting-edge equipment.

Usually, emergencies can cause emotional and physical stress. When faced with an emergency situation, some businesses are often left bewildered and shocked. During this time, the only best way to avoid any disaster is to have an emergency preparedness plan. It represents the difference between surviving in business and losing everything. And, one of the critical elements of an emergency preparedness planning is to have your own business’ emergency contact list.

#1. Electric Services

Electric Services

Take a look around you, and you’ll notice that everything is powered by electricity. Whatever you require, simply turn on a switch or outlet and there you have electricity, ready to serve you 24 hours a day, seven days a week.

However, despite today’s great advancements, business owners are aware that there are some common electrical problems that will inevitably show their fangs sooner or later.

And I’m not just referring to the fact that the office’s printer is not working or that the HVAC system is acting strangely.

There are some electrical problems hidden within the walls of your office that must be identified and resolved before they cause significant damage to your business.

Here are a few examples of these common issues:

  • Frequent electrical surges
  • Tripping Circuit breaker
  • Outlets and switches that sparkle
  • Buzzing Sounds
  • Light switch failure and dangling outlets
  • Ceiling fixtures that are hot

Once you’ve identified these issues, you should consult with a professional so you don’t have to be concerned all of the time.

#2. Security Services

Security Services

Implementing proper workplace security measures along with adequate insurance coverage are critical elements in reducing risks to your business. And, running a business teaches you to be prepared for the unexpected. When events that are completely out of the ordinary course of business occur, contacting professional security services is the best call to make.

As a business owner, you cannot always control everything but reaching out to the right people can protect your business.

#3. Heat and Air Conditioning Repair Services

Heat and Air Conditioning Repair Services

When something goes wrong with an HVAC system, a business owner may feel helpless because it is not something that an average person is familiar with.

For example, if the air conditioner in your office premises is making shrieking noises that send shivers down your spine, or if you notice a strange musty or moldy odor whenever you walk in the door, this indicates a problem with your HVAC system.

Rather than allowing things to deteriorate to the point where extensive repairs are required, you should definitely seek professional assistance to resolve such issues.

#4. Plumbing Services

Plumbing Services

Plumbing problems can occur at any time and anywhere, which is why the floor of our mental sanity is occasionally affected. However, while water problems in the home often represent minor inconveniences, for businesses, plumbing problems can result in decreased sales, sick employees, and reputational damage. And, that doesn’t sound good at all.

Here is a list of some common plumbing issues most companies must have faced at least once in their lifetimes:

  • Faucet leaks
  • Drain clogs
  • Toilet Clogs
  • Running toilets
  • Broken toilet handles
  • Failed internal toilet components
  • Silent leaks
  • Water temperature problems
  • Low water pressure
  • Sewer smells

This is why it is highly advisable to contact the experts at Asquith Plumbing if you want to avoid these problems. Established over 41 years ago, this company offers a satisfaction guarantee of a wide range of quality plumbing solutions for commercial clients.

So, whether if it’s to unclog pipes or to install a hot water system, no job is too big or too small for Asquith Plumbing. Plus, their technicians are available 24/7. For any of your plumbing problems, you can contact them today.

 

 

 

Reports are documents designed to record and convey information to the reader. They are usually part of any business or organization – from credit reports to police reports and they serve to document specific information for specific audiences, goals, or functions. So, today we will learn more about business reports.

What Are Business Reports?

Reports are often analytical or involve the rational analysis of information. Sometimes they simply “report the facts” with no analysis at all, but still need to communicate the information in a clear and concise format. However, some reports summarize past events, present current data and forecast future trends.

While a report may have conclusions, propositions, or even a call to action, the demonstration of the analysis is the primary function. For example, a sales report is not designed to make an individual sale. It is, however, supposed to report sales to date and may forecast future sales based on previous trends.

Hence, business reports refer to a type of assignment in which you analyze a situation (either a real problem or a case study) and apply business theories to produce a range of suggestions for improvement. It can also be defined as an impartial, objective, planned presentation of facts to one or more persons for a specific business purpose.

Purpose of a Business Report:

A business report has several purposes such as:

  • Examine available and potential solutions to a problem, situation, or issue.
  • Apply business and management theory to a practical situation.
  • Demonstrate your analytical, reasoning, and evaluation skills in identifying and weighing up possible solutions and outcomes.
  • Reach conclusions about a problem or issue.
  • Provide recommendations for future action.
  • Show concise and clear communication skills.

Classification of Reports:

Glasses, Magnifying, Analyzing, Magnification, Lens

  • Formal reports: These are carefully structured reports that stress objectivity and organization, consisting of much detail. In addition, they are written in a style that tends to eliminate elements like personal pronouns.
  • Informal reports: They are usually short messages with natural and casual use of language. For example, the internal memorandum can be described as an informal report.
  • Regular and Routine Reports: These are reports that are written regularly. They include sales reports, maintenance reports, financial reports, progress reports, health and safety reports etc.
  • Occasional Reports: These are reports that are produced to deal with particular incidences that may happen in a job. They include accident reports and disciplinary reports.
  • Specially commissioned reports: These are reports that are written for special purposes and for a particular review. These include market research reports, personnel reports, policy reports, investigatory reports and market forecasting reports.

Business Report Structure

Free CC0 photo of business reports on Stocksnap.io

Business reports usually adopt the following style:

  • Introduction
  • Discussion
  • Conclusion
  • Recommendations

Introduction

This is the first section of the report and is the easiest to write. The purpose of the introduction is to:

  • State the purpose or aim of the report, which may include who has asked for it.
  • Provide background details relevant to the situation, such as a brief overview of historical developments.
  • Summaries the problems and recommended solutions.
  • Clarify any limitations, restrictions, and assumptions made.

Discussion

The discussion section is generally the only section where you are able to support your analysis and reasoning with ideas and, concepts available within the course. Moreover, it is the only place where you can actually provide evidence to back up your conclusions and recommendations. As a result, evidence must be drawn from the literature, course materials, as well as your own observations from the actual case or organization.

Conclusion

  • Arrange each point in order of importance, rather than necessarily in the order found in your discussion.
  • Match each point in sequence with the list of recommendations.
  • Each point provides a summary of one of the problems outlined in detail in the report.
  • Ensure each point links with the report’s objectives.
  • Write each conclusion in the present tense.
  • Each point needs to be specific and clear.

Recommendations

  • Each recommendation should appear in sequence with the order of points in the list of conclusions.
  • Each proposal should provide a response to each problem identified in the list of findings.
  • Each proposal should be action-oriented, concise, and clear.
  • Each proposal should also be realistic and feasible within the social, economic, and political climate.

What do you think about business reports? Please share your comments!

 

 

Much of the communication that goes on in business organisations is through written correspondence, which includes e-mail, memoranda, letters, reports, periodicals and proposals.

This article will help you to identify effective business correspondences and will specifically look at e-mails, memos and letters.

Types of Business Correspondence

The use of the proper types of business correspondence can either make or break a business. Having moved on from traditional letters to rapid electronic media, business correspondence is without a doubt one of the most powerful tools in business today.

The most used business correspondence in today’s world include:

Business Emails

Electronic mail otherwise known as e-mail refers to any form of message that is transmitted electronically. The email is perhaps one of the most effective ways of communicating as it is quick, relatively fast, readily available, relatively inexpensive and most of all not dependent on the receivers’ presence. The email is also known as the least formal of all business correspondence.

Emails can be used for the following purposes:

  • Conveying information to friends, family and co-workers.
  • Giving and receiving assignments.
  • Conveying decisions that have been made.
  • Advising staff on urgent matters.
  • Conveying instructions and messages.
  • Marketing of goods and services.
  • Making appointments.

Business Memos

A memo (memorandum) is a written message that is sent internally within the organization. Memos have a twofold purpose: they bring attention to problems and they solve problems. They accomplish their goals by informing the reader about new information like policy changes, price increases, or by persuading the reader to take an action, such as attend a meeting or change a current production procedure. Regardless of the specific goal, memos are most effective when they connect the purpose of the writer with the interests and needs of the reader.

Memos can be used for the following purposes:

  • To inform of a specific purpose.
  • Persuade others to take action.
  • Give feedback on an issue.
  • React to a situation.
  • To communicate due dates or meeting times.
  • Ask for information.
  • To keep staff informed about important events.
  • To confirm discussions or agreements.

Letters

Letters are the most formal of the business correspondence. It is a written message from one organization or individual to another. Its basic function is not only to convey a message but also to influence the recipient. Business letters are highly effective tools that can be used to achieve your purpose.

Letters can be divided into two main categories based on the intended recipients:

1. Business –to – business letters: These are letters that businesses send in normal business situations both internally and externally

2. Business-to- customer letters: These are letters that businesses send to their customers and are usually external.

Different Types of Letters

As letters are the most common form of communication they are used for different functions. The following are examples of some of the different letters that businesses use in their attempt at being efficient.

  • Acknowledgement Letter: This type of letter is written when you want to acknowledge someone for his help or support when you this was requested. The letter can be used to just say thanks for something you have received from someone which is of great help to you.
  • Apology Letter: An apology letter is written for a failure in delivering the desired results. If the person has taken up a task and he failed to meet the target, he can apologize and ask for an opportunity to improve with this type of letter.
  • Appreciation Letter: An appreciation letter is written to appreciate some one’s work in the organization. This type of letter is written by a superior to his junior. An organization can also write an appreciation letter to other organization, thanking the client for doing business with them.
  • Complaint Letter: This is written to show one that an error has occurred and that needs to be corrected as soon as possible. The letter can be used as a document that was used for warning the reader.
  • Inquiry Letter: The letter of inquiry is written to inquire about a product or service. If you have ordered a product and yet not received it then you can write a letter to inquire when you will be receiving it.
  • Order Letter: This letter is as the name suggests is used for ordering products. This letter can be used as a legal document to show the transaction between the customer and vendor.
  • Letter of Recommendation: This type of letter is written to recommend a person for a job position. The letter states the positive aspects of the applicant’s personality and how he/she would be an asset for the organization.

As a businessperson, can you relate to these business correspondences? Please share your comments!

From the stages of the shipping cycle to know how to identify a good logistics company from another, this post will cover all the necessary information you need to know when dealing with cargo shipping companies.

The Shipping Cycle

A shipping cycle is an economic cycle intended to correct markets when supply and demand are out of balance. It is a stage cycle based on customer demand:

Stage 1: Trough

In economic terms, ‘trough’ is used to refer to a stage in the business cycle where activities and/or prices plummet just before rising again. In the shipping cycle, the trough is considered to be the stage at which there is an ‘excess’ capacity. The freight costs plummet, and shipping companies experience negative cash flow. There are two other phenomena that characterizes this stage: the accumulation of ships at trading ports and the slowing down of shipments.

Stage 2: Recovery

In the second stage of the shipping cycle, marks the end of the trough and start of business turning around. The decrease in prices spur an increase in demand leading both supply and demand to move toward equilibrium.

Stage 3: Expansion

As the demand increases, freight charges gradually begin to increase as well, and shipping containers begin to move out of the trading ports.

Stage 4: Peak

At this stage, the shipping freight rates reach their maximum level of growth and hits a plateau. At this stage, the cycle will start to reverse. Even though the levels of supply and demand are going to be almost completely equal, the tension between the two will be more volatile. This increases the chances of the peak of reversing at any moment.

Stage 5: Collapse

At this stage, which represents the end of the cycle, supply exceeds demand and lead to sales and rates to decrease. While the cash flow will not immediately experience a decline, there will be slow down in terms of operation.

How Container Ships Work?

Companies hire shipping companies to ship their products. These companies send their products to these shipping companies who then load the containers. Once loaded, the shipping companies move the containers to the port, through a process called ‘drayage’. Transporting a container away from the port is also referred to as ‘drayage’.

The containers are then kept at the port in container stacks. Once the designated ship arrives, a special chassis and a bomb cart is used to transport the container to the ship. None of the containers are placed in a haphazard manner. Because of the different protocols in place, the placement of containers will have to be done carefully. For example, the container could be placed in order of weight. The container might also have to be secured either above deck or below the hatch.

What Makes a Logistics Company Reliable?

There are few things you can look out for to ensure you are able to separate a good logistics company from a bad one. The most common way to tell them apart is by looking at their contacts and knowledge.

Unlike individual companies, cargo shipping companies have been in the field for a very long time. The level of knowledge and expertise they have is unsurpassed and usually towers over the in-house logistics department in terms of efficiency. Moving large quantities of goods around the world on a daily basis ensures that they know the guidelines of almost every port out there, which is something you can’t expect a newcomer to know.

They must also have full mastery over the types of containers they can use to move the shipment.  While the most common containers are 20-foot dry containers and 40-foot dry containers, there are also other types of containers on the market. The other container storage units include:

  • Refrigerated container

Refrigerated ISO containers are containers where the temperature is carefully regulated and maintained at a low level.

  • Thermal container

Thermal containers, also known as insulated containers, are the opposite of refrigerated containers. While the temperature is also carefully regulated, the temperature is controlled to ensure that it stays high, not low. 

  • Flat rack container

Flat rack containers have collapsible sides.

  • Open top container

Open top containers have convertible tops that can be completely removed.

  • Tunnel container

Tunnel containers have doors on both ends of the container.

  • Open side storage containers

These are containers that can be opened on wider sides.

  • Drums

Drum containers are circular shipping containers made from steel, lightweight metals or hard plastic.

Once you’ve established that the shipping company understands all this, you then want to make sure that they can also get your goods in and out of ports in a timely manner. With all the complex procedures that have to be followed, you want to find a company that is renowned for delivering excellent quality work.

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