How Complex Is A Corporate Move?

A household relocation project can be tough and difficult, but things get really complex and stressing when we talk about a commercial move. No matter if we are talking about office relocation or dedicated equipment that must be transported, the sheer volume of work is huge. Moving experts can tell you how complex is a corporate move and how effectively plan it.

Corporate moves are typically a nightmare for the project management team. There are so many factors that must be taken into consideration. Let’s take for example a regular office relocation project. Inventory lists with all equipment must be carefully done. Since we are dealing with multiple computers, monitors, peripherals and other hardware, exact quantity and numbers are essential in order to provide logistic.
The moving company wants to know that in order to send sufficient transport vehicles and sufficient moving supplies, if needed and asked.

Measurements for office furniture are also important. And since we usually deal with numerous office cubicles, it is important to make sure that they fit through all doorways and hallways. In many cases, those cubicles must be disassembled, shipped and then re-assembled. This is another reason why a commercial move is so time-consuming and stressing.

When we talk about dedicated equipment, things get really complicated. In many cases, it is important to work with movers that have some expertise and have worked with similar companies in the past. A factory may want to hire movers that understand and can successful plan massive industrial relocation projects.

That means providing a high number of moving trucks, specialized lifting and moving gears and vehicles, heavy-duty moving supplies and very resilient workers. Such a move involves more stress, more physical efforts, more coordination and more focus than any regular household move.

When you are moving very heavy equipment, which also costs a fortune, any mistake can be fatal or costly. Imagine how expensive a plane’s motor or equipment for nuclear power plants is. Making foolish mistakes with parts that cost millions of dollars is out of the question.

Budget planning is also more difficult for a corporate move. There is a lot more bureaucracy and paperwork involved and usually the moving budget must be approved by top management. Even the costs for moving supplies will be high, not to mention that in many cases, will be needed specially crafted containers. Overall, there will be more stress and more money needed.

Why the End of the Year Is the Perfect Time to Review Your Finances

Whether you have a startup, a small business or a large enterprise, chances are the year has passed at the speed of light for you. You were designing your marketing campaigns, availing opportunities of growth and looking through reports when the year-end arrived. While people dedicate this time of the year to holiday delights and festivities, this also happens to be the perfect time to do a review of your finances whether you are just an individual with a 9 to 5 job or a small business. Why should you spend your end of the year for a financial review? Here are the top reasons.

A Strong Visual of Your Financial Standing

The most important thing about a year-end financial review is that it gives you a complete visual of where your business is standing at the moment. Everything that has happened throughout the year is now on the reports before your eyes. You can look at the reports and see what has performed and what has not performed. You must have put a lot of money into marketing your products, services and the brand as a whole. You can now see which of those campaigns have yielded good results and which of them have proved to be futile.

Same goes for your account receivables. Compare your account receivables with those from the previous years and see if there has been any increase or decrease. If there is an abnormal increase, it is a telltale sign that you might need to change your payment plan or push more to receive your pending payments faster. Every activity you have done in the past year has painted a picture, which is now in front of you. Whether you grew as a business, stagnated or receded is clear at the end of the year.

The Best Time to Set New Goals

Based on how you performed in the preceding year and whether or not you have achieved your set targets and goals, you can set goals for the coming year. Your previous year’s performance should clarify how you have to set your targets for the coming year. Keep them realistic yet motivating and challenging enough to leave room for hard work, struggle and progress. Not only should you be looking at how successful you were in achieving previous year’s goals, you should also pay attention to your current financial standing.

Best Time to Apply for Loans and Credit Processing Services

Regardless of how long you have been in business for, when you go and apply for certain services, the service providers take a look at your previous year’s performance. Let’s say, for example, that you want to apply for a merchant account (maybe a high-risk one) so you can start processing credit card requests for your customers. When you approach a merchant account provider, they will ask for some history of your business activities-at least 3 months. By the end of the year, you have enough data to show to lenders and credit processing services to convince them to do business with you.
Of course, a financial review will give you a good look at whether you have done enough to impress these service providers or not. You can apply for these services with a quarterly credit history as well, but in most cases it will not be considered sufficient.

Best Time to Get Your Tax Files in Sync

Yes, you have been extra careful about your tax filing and preparation the whole year, but the overall integrity of your records still has a question mark on it. It is extremely important for you to prepare your tax files at the end of the year and calculate your liability with utmost accuracy. While tax preparation softwares have made the job much easier, complex tax files still need attention from your personal accountants to get everything in sync. Now, the important thing here is that a review does not only help you escape penalties that you might attract by putting wrong information on your file. You want to update your information at the end of the year because you want to accurately calculate your own benefits too e.g. tax credits, exemptions, standard deductions, itemized deductions, etc.

Time to Start Afresh

Your business might not have been a very successful venture. In fact, many businesses don’t make the best start and it seems in the beginning that it would be difficult for the business to survive. However, small changes in strategies and cuts in costs can prove to be greatly benefitting for businesses. The best time to start afresh and renew all your reports and files is the end of the year. While you can change your strategies and plans midway too, it is natural for most humans to feel the need for a new start at the start of a new year. For example, people can decide to lose weight at any time of the year, but it seems it makes most sense to them when they do it at the start of a new year.

If you think your business has not performed really well, but you still want to give it a shot, the end of year financial review can clear the path for you by telling you if you can afford to give it another shot or not.

4 Things Shippers Expect From Their Logistics Service Provider

A top logistics company provides the integrated outsourcing services to the businesses of different size. Generally, their services are rounded towards the activities like warehousing, transportation, delivery and much more. With the rise in competition and demand from the customers, it has become necessary for these providers to strive for more in their expertise. It is important for them to maintain a long-term relationship with businesses but it is also imperative to ascertain the expectations of the shippers they are teaming up with. Any business can become a great success when it is able to allocate the needs of customers prior to delivering their assistance. In logistics industry, the work of a logistics service provider is to determine the expectations of customer or simply business.

To Apprehend the Actual Business

These providers may have specialization in their respective field but generally fails to understand what kind of business their potential customers are actually having. The shippers or businesses want these providers to grasp their product or services in detail. They want the third-party they are partnering with should collect information about their product, assess it in detail and educate themselves and others diligently.

To Bid Genuine Price

From the point of view of shippers, high pricing is not a concern but high pricing with relatively poor quality service is a major concern. They want their outsourcing partner to quote the genuine price in terms of the industry norms along with the guarantee to deliver services effectively and efficiently. The high standard service in exchange for the hiked price is never a big deal. For the business who strongly believes in cost-cutting, a price reducing mechanism should be available with a logistics service provider.

Trade with Integrity

Honesty is one of the concepts that cannot be overlooked when dealing with humans. Customers simply wouldn’t want to engage with a provider who rants about their service or assistance extravagantly or who is overly selling his deeds. Customers want to have a list of honest recommendations for the task that can be performed in time. They want a process where accounting and auditing are there and a listening ear is always present to hear out the complaints.

Innovative Ideas

The top logistics company can help businesses or customers to meet the uncertainties in the business cycle, as they are aware of the solutions. Despite that shippers want these providers to invest in innovative ideas or strategies to target more sectors of the market.