Breaking Down the Competition Between Rental Car Companies

Breaking Down the Competition Between Rental Car Companies

Nov 17, 2017

Summary: Saving money by comparison shopping can prove to be a financially smart move. If you’re in the market for a rental car for that upcoming family trip, you’ll want to ensure that you obtain a reasonable rate. Now, haggling might be a term that can come off as a bit frugal, especially when you’re renting a car, but it’s understandable as you’ll want the biggest bang for your buck. The Numbers Game Wherever you’re planning to rent a car, you have to remember that the people behind the desk are dedicated to providing quality service so they can rack up the cash. It doesn’t matter what country you’re in, even in Amman a rent a car can be ridiculously expensive due to the fact that you’re a tourist. Car rental agencies are typically judged according to the amount of money that their individual branches tend to bring in – which ends up being a numbers game. Being open to various agencies can be a benefit for you. If you can, make multiple reservations (as long as they don’t charge you for cancelling) and see how they all compare when stacked against one another. Pitting One Company Against Another For instance, say you’re looking at Monte Carlo Rent a Car, LLC and Enterprise to see which car will provide you with the best value. You’ll want to take a look at the total amount that you’ll be paying and what types of fees are associated with them as well. If you want, you can show the sales representative the deal that you made with another company and ask him whether or not he’d match the price or throw in an upgrade. As stated before, these companies want your money, and they might go as far as price matching if they feel pressured by their...

A business survival plan

A business survival plan

Nov 3, 2017

Small to medium businesses will often be impacted by the environment around them, more than larger firms. Here are some tips on how to survive during in hard times. Create a business survival plan – Create a scenario where your sales are falling by x % and how you would cut expenses, increase sales, maintain or re-establish a certain profit margin. Your plan should be as detailed as possible. Prepare a current profit-and-loss statement and cash flow analysis – Understanding your business’s numbers is a useful way to know where you are heading and to change your direction. Match your past performance for similar months to properly understand how to proceed. Establish an advisory board – Look at bringing together a small group of people who can advise you on your survival plan. Let them come up with scenarios that will challenge your plan, which will you’re your plan realistic and applicable. Short term – Look at a short-term plan that ranges from one to six months and look at simply breaking-even. Medium-term – Your medium-term plan should look at the next six to eighteen months of your business and consider a plan that creates profit. Base your profit on cost cutting and using new marketing initiatives to increase revenue. Long-term – A long-term plan should go beyond 18 months and return your business to making a profit. To make long-term profits, look at business enhancing initiatives that provide a solid...

Tips to survive Trading Loss

Tips to survive Trading Loss

Oct 3, 2017

If there’s anything that is synonymous with the art of day trading, it is that you will have to undergo losses at one point of time or the other. While most traders who have accepted these losses have moved on to turn into profitable traders later, there are some who cannot accept these losses who eventually make several more mistakes that wouldn’t have occurred if everything went fine. Most experts say that it is important that you learn to accept these losses as they are just as important as making good traders, and so here is a list of survival tips that you can use to deal with trading losses: #1: Attitude is everything There are two ways of looking at the situation: either you can choose to hold it together and stay positive, or you can let the trading loss get to you, resulting in several more mistakes and which stems from a negative attitude. #2: Remember the Law of Trading Probability Every trade has a probability of winning and loss, and so, if you are expecting certain profits, it would be wise to reevaluate your approach to trading as a whole. #3: Look for support from others If you feel let down by the loss, then sometimes it is a good idea to seek guidance from your trading partner or even a mentor. They should be able to help you look at this loss from a different perspective that encourages you to continue trading. #4: Look at the loss as an opportunity to learn Instead of moping, ask yourself what you can learn from this particular loss regarding either market action or trading behavior, and in more cases than not, you do find some answers that might help you in the...

Questions to ask before starting a business expansion project

Questions to ask before starting a business expansion project

Aug 5, 2017

New projects in the form of new services and products is a good way for businesses to reach untapped markets and increase revenue. However, it is important that a new business project is sound and well thought of for it to make money. Here are some questions that you should ask before starting a new business expansion project. What am I going to achieve by expanding? – Consider what you will need to expand your current operation. For example, will you need more equipment, extra room and how much will these changes Do I have enough financing to expand my business? – Your plans will require funding, therefore look at how you intend to finance your operation. Start off by accounting for all the costs that you know off and look at how much money you currently have for your new project. Will I be able to afford to hire new staff members? – Expanding operations means that you will need extra employees to manage your new project. Finding the right staff a time-consuming task but one that should be done correctly. How will costs increase permanently? – Additional equipment, space, and staff will mean that your costs will increase. Remember that most of these costs will be consistent costs until you make a profit from the project. Do I need additional financing? – Look at how much funding you will need and how best you can access it. Researching different methods of getting a business loan is a good way to get a loan with the lowest interest....

The Future of Payment Processing

The Future of Payment Processing

Jul 26, 2017

Today, there are many ways or a merchant to accept money to process a transaction. If you manage a brick and mortar retailer, then you’ve seen cash, checks and credit cards all used as tender on a daily basis. More and more, shops are also seeing a new form of payment that comes from digital wallets. These new innovations may soon be the standard for all payments around the Web, and in store. How Digital Wallets Work Essentially, digital wallets utilize a device (usually a smartphone) to send data to another device. Sometimes, both devices are phones (or a phone and a tablet), but registers are increasingly able to handle this type of transaction as well. Chips on the devices help to encrypt the data that is sent from one device to another. All the user needs to do is keep his device safe from theft. Even if the device is stolen, the user can wipe account data remotely and change the password on the digital wallet. Sophisticated features on the phone often prompt the user for credentials when utilizing the payment. In addition, the user also has the option to limit the funds placed in a digital wallet. Wallets are linked to the user’s bank accounts, so customers will funnel money between the two accounts. The wallet will hold money from international transactions as well, such as payment for contract work. The future economy will rely on digital payments, which offer faster transfer rates and a more secure exchange of money to people around the world. Expanding into Retail According to Charge.com, the demand for retailers to accept diverse methods of payment is growing. More consumers want to use a digital wallet, a debit card, cash or smartphone payment methods interchangeably. That’s put a great deal of pressure on retailers to adopt new technologies that can meet this growing demand. In addition, smaller shops struggle implementing systems without proper support. A strong merchant service provider usually provides a robust support system, including installation assistance, in order to set the system up and ensure some success using it. That said, this is new territory for many retailers. Training employees to meet customers out on...