4 Clever Ways To Make Extra Cash In The Transport Industry

transport

There are many ways in which you may be able to make some extra cash in the transport industry, if you know how. Read our blog to find out more.

For those in the transport industry, 2020, and now 2021, have been mixed years. Some parts of the industry have been doing well, such as shipping, and others, like aviation, have been struggling. No matter what sector your business is in, if you own a transportation company, you’re likely on the lookout for ways to make more money in the coming year.

Below are four tips that will help you to earn extra money, by focusing on:

  • How to free up your cash flow
  • How to run your operations more efficiently,
  • And, how to make sure that you’re ready for the inevitable changes of the next few years and beyond.


1. Focus on cash flow

Anyone moving freight can tell you that cash flow can be a major problem. Whether you’re an owner-operator, or you’re managing a fleet of trucks, it’s tough to wait on payment for up to 90 days. You likely have all kinds of useful things that you could be doing with that cash right now. One solution is “freight factoring,” which is explained well in this guide from TAFS.

More generally, “factoring” is a simple enough idea. If you have a $10,000 invoice, billed to a customer with 30 days to pay, you could go to a factoring company instead of waiting. That company might offer to pay you 95% of that invoice’s value, with 80% as an advance, and another 15% upon payment by your customer. That means you get:

  • $8000 right away
  • Another $1,500 upon payment
  • And the factoring company gets a $500 fee (5%). (1)

Factoring can help you to make money by freeing up your cash flow. With that $8,000 advance, you could invest in maintenance or other things that can help you to operate more efficiently. (1)

If you increase the volume of freight that you can ship, as you do so more efficiently, you can ultimately earn more in the long run. When it’s working well, the factoring company gets their cut, but you ultimately make more money by having access to funds when you need them. (1)


2. Run an efficient back office with digital tools

If increased efficiency can help you to earn more money, there’s one easy place to look: your own back office. Fleet management has always been complicated, but digitizing certain processes could help you to earn more money.

A Boston Consulting Group study from 2018 found that “automating manual processes now could reduce certain back-office […] costs by up to 40%.” The focus of their report, freight forwarding, has implications for the wider transport industry as well. (2)

This argument is intuitive: if digital solutions can help to stem the flood of paperwork that your transportation company generates, they’ll save you money. If they can make your business operate more efficiently, they’ll help you to earn more money too. (3)

There are lots of options to consider, including:

  • Implementing solutions that allow drivers to do some of the processes that used to happen in the back office via iPad or other digital device
  • Or, using a service that pairs optical character recognition (OCR) and machine learning (ML) to read and process hand-filled forms. (3)


3. Make sure that you understand your costs

Depending on the kind of business that you’re running, the process of calculating your costs will vary, but no matter what, you should make sure that you know what they are. If you don’t understand your costs, you’re likely to either lose money, or fail to make as much as you could otherwise. For example, you won’t be able to set rates that will ensure your profitability.

One key thing to understand is the difference between two types of cost:

  • Fixed costs—These are costs that won’t change based on the volume of business that you’re doing. If you run a business manufacturing mugs, you might have a fixed cost of $10,000 a month to rent a facility. Whether you use it or not, you have to pay that $10,000; that’s a fixed cost. For transportation, these are costs that don’t depend on the number of miles that you’ll be driving. Payments on vehicles, permitting costs, and insurance all fall under this category.
  • Variable costs—These are costs that do change with the volume of business that you do, or in the case of transportation, the number of miles that you’ll need to travel. Using the mug example above, say your firm pays $2 a mug—if you make more, your costs will go up. Make 500 units this month? Your variable costs are $1,000. Make 1,000 mugs the next month? The costs increase to $2,000. For transportation, fuel usage is a key variable cost, as are maintenance and other similar expenses. (4)


4. Look to future trends

Companies that fail to anticipate the future in an industry can end up getting left behind. One clever way to make money in the transport industry is to make sure that you’re ready for the next big thing before it happens. This way, you’ll be well-positioned to meet consumers where they are, rather than struggling to catch up.

For those in the United States, this means recognizing the likelihood of coming climate regulation, and the growing consumer demand for green products and services. As outlined by Maria Mendiluce in the Harvard Business Review, the following are some things to keep in mind as you plan for the future of your business:

  • Climate regulation is coming—The world’s governments are headed for a “net-zero” future. The European Union has set a 2030 target to cut emissions in half, and the United Kingdom is going to end the sale of new gas and diesel cars in the same year. For a transportation company, it would be unwise to think that the same kind of regulations aren’t coming in the United States. Plan now, while there’s time to do so.
  • Delaying action is risky—Planning now can prevent you from being the Blockbuster or Kodak of the transportation industry. There’s a real risk in waiting; competitors will ready themselves for what is coming, and you should too.
  • Public investment in green industries may rise—It’s extremely likely that there will be an increased focus by federal and state governments on investing in clean energy and other green industries. Transportation won’t be an exception, so keep an eye out for opportunities to join public-private partnerships or other programs. (5)

 

Conclusion

If you’re running a transportation company, then following the tips above should help you find ways to make some extra money—not just this year, but for many years to come. Focus on ways in which you can free up cash to spend on things that will help you to grow more in the future. Consider your costs, and how digital tools can help to keep them down while allowing you to do more with less. Finally, make sure that you’re ready for what’s coming, and don’t miss out on future business opportunities due to focusing too much on what’s happening today.

110 years after International Women’s Day began – gender diversity is still a serious issue in the industrial, transportation and construction industries

Women in construction

Despite campaigning for gender parity for more than 100 years, the latest research shows that 68% of managers within the construction industry believe their sector still struggles with a lack of gender diversity.

The research, which comes from multi-discipline recruitment experts, Search Consultancy, was conducted with 1,000 managers and asked respondents to rate how they believed their industry compared against a range of diversity markers.

The full list, from most to least diverse in terms in gender representation, is:

 

  • Legal – 40%
  • Hospitality – 44%
  • Marketing – 49%
  • Sales – 50%
  • Scientific – 52%
  • Engineering & manufacturing – 52%
  • Logistics – 53%
  • Call & contact centre –  54%
  • Accountancy & finance – 55%
  • Business support – 56%
  • Social work – 56%
  • Healthcare – 57%
  • Financial services – 59%
  • HR – 59%
  • Industrial – 60%
  • Transportation – 63%
  • Construction – 68%

 

The research also looks into racial and age diversity within businesses across the sectors. 56% of managers in the construction  industry believed their business lacked racial diversity with 54% admitting age diversity was an issue.

66% of managers also believe a more diverse workforce would help resolve the skills shortage in the construction industry.

Erin Vickers, director of talent and engagement at Search Consultancy, said: “Although research shows that 83% of managers in the construction  sector believe their industry is suffering from a skills shortage, little is being done to encourage a more diverse workforce and consequently widen the talent pool available.

“The benefits of having a diverse team are endless. Looking outside of the typical candidate demographic can help resolve the skills shortage, create a better understanding of customers and significantly improve employer brand. Now more than ever, it is time to encourage increased diversity in the workplace and help businesses grow following a very difficult 12 months.”

To read more about diversity in your sector and how it can help resolve the skills shortage, read Search Consultancy’s latest report, here: https://bit.ly/3c5gPVx

Mitigating Common Challenges in Fleet Management

fleet management

Fleet management is an essential part of any company that owns and uses multiple vehicles. The more you have, the more challenging maintaining and choosing vehicles is. You likely want to improve productivity while reducing your organization’s costs. Successful managers often have a significant amount of experience. However, it can still be challenging, even if you have the most experienced staff members. Mitigating these issues is the key to successful results.

 

Reducing Costs

See if you can do more while having fewer resources. It’s about more than just having efficient managers. Nearly every department requires efficiency since they want to spend less and get better results. It might not be possible in every case but look for ways of improving your operations. Have accurate information and use technology to streamline your processes. Otherwise, you might end up with false results. Consider using fleet management software. You can review a guide on choosing the best tools to learn more. While there are ways of improving your efficiency, don’t cut corners. For instance, some companies use vehicles designed for both personal and business use. But the issue is that it is harder to track each driver’s behavior, reducing the ability to manage productivity and safety.

 

Keeping the Drivers Productive

Your drivers are a great asset, but they can cost money as well. One of your key focuses should be reducing their downtime and wasted hours. Make sure you do as much as you can to maximize their productivity. Technology makes that easier since it can streamline reporting, refueling, and finding the best route. At the same time, it reduces the need to enter data and fill out forms manually. Consider your productivity level as well. If your drivers have to manually input information, you end up wasting your time too. You might have to look for mistakes and follow up on them when doing something more productive. Automation eliminates instances of human error so that you can get accurate data with less work.

 

Changes in Fuel Prices

It’s hard to keep track of fuel costs, especially since they are often volatile. However, if your company depends on your fleet, the chances are good that fuel takes up a large portion of your budget. Any price change can drastically impact the cost of doing business. If you underestimate these costs, you might need to cut back in other places to cover the issue. Besides predicting fuel prices, you might choose to reduce your use to lower overall costs. These price fluctuations won’t have as big of an impact on your organizations if you don’t use them as much. Do your best to allocate a smaller portion of your budget toward these things.

 

Teams Who are Spread Around the Area

Larger companies often have teams around the country and even internationally. It’s often difficult to track each operation while maintaining communication. Plus, locating fleet vehicles around these locations is often difficult since it requires using a large map. Many organizations are using advanced mapping techniques to combat these challenges.

4 Tips For Building A Conveyor Belt Production Line In Your Start-Up

conveyor belt

Cars of the early 1900s were few and expensive because it took a lot of time to make one. However, Henry Ford came up with an idea to cut both time and cost by integrating conveyor belts into his assembly line. By 1913, his new and improved assembly line could make a Model T in two-and-a-half hours, ushering in the era of affordable transportation.

These days, it’s nearly impossible to find a factory or plant that doesn’t use conveyor belts. They ferry manufactured goods from one end of the facility to the next, all without making people move from their posts. The efficiency Ford achieved with his assembly line in 1913 was phenomenal—what more with today’s assembly lines?

 

Streamline Production with Conveyor Belts

Conveyor belts may seem like a big-ticket investment, but small enterprises need them as much as big ones do. Keep in mind that the Ford Motor Company was only ten years old when it introduced the assembly line. Therefore, using the advantages you have from the start ensures that your business will eventually have a place among prominent competitors.

Such advantages are more important than ever as the industry as a whole is undergoing a significant change. Experts refer to this as Industry 4.0, harnessing digital technology to improve productivity and interconnectivity. However, the term no longer concerns factories and plants alone—non-industrial businesses are involved as well.

Unless you’re in the business of producing intricate tech, you won’t need the kind of assembly line Ford has. Nevertheless, you need a production line to streamline your processes and fulfill demand more quickly. Here are some tips to get you started in building a conveyor belt production line:

 

1. Pick the Right Type

Conveyor belts are custom-made for a number of industries handling a wide variety of items. They typically fall under one of the following single conveyor systems:

  • Roller Bed – The belt runs on top of a series of rollers rated to move at a certain speed and handle specific weights. This system is ideal for items loaded via gravity, transporting them across the premises with ease. 
  • Flat Belt – The most widely used type, this system is known for its versatility. The belt can consist of natural or synthetic fibers, allowing for the handling of various goods. Industrial businesses often make use of flat belt systems.
  • Modular Belt – This system is ideal for production lines that have to run around corners or tight spaces. The belt consists of interlocking pieces, making cleanup and repair easy. Food production commonly employs modular belts.
  • Cleated Belt – The belt consists of cleats for constant spacing even as it goes up and down. The cleats can be custom-made based on the kinds of goods they’ll handle, from the typical T-shape to an inverted V-style.
  • Sanitary/Washdown – Designed to comply with sanitary guidelines, this system can handle temperature extremes like food out of the freezer or food coming out after deep frying. It’s also applied to sterilization and washing.

Choosing the right conveyor system involves determining the goods it’ll have to handle regularly. Sometimes, a production line may need to employ more than one system.

 

2. Consider Lean Manufacturing

Mass production tends to generate a lot of waste, which takes up precious space in the workplace. A start-up that can’t afford a full-fledged factory has to devise ways to reduce generated waste and make the most out of every square footage. Experts say adopting lean manufacturing principles is a step in the right direction.

Lean manufacturing (also called lean production) involves achieving the greatest possible output using the least possible amount of resources. By optimizing various processes and inspiring a sense of teamwork among workers, a ‘lean’ factory can prevent waste buildup. 

Aside from material, waste also refers to the work itself. For instance, Toyota’s lean manufacturing principles reduce three types of work-related waste: non-value-adding work, overburden, and unevenness. A production line must always strive to achieve lean-based goals through a combination of teamwork and modernization.

 

3. Design a Process Flowchart

A production line consists of dozens of steps, each with a dozen more procedures. Visualizing them in a flowchart is an effective way of determining the steps that need conveyor belts and other heavy equipment. Start with the customer’s order and end with preparing to ship the finished product.

For each step in the production line, outline the required equipment, average time, and conditions for passing quality control. In a conventional flowchart fashion, indicate the process for items that don’t pass quality control checks. A smooth production line should have a critical control point for every two to three steps to mitigate defective manufacturing.

Also, include in the chart the steps to take for handling excess materials or canceled orders. It may result in a flowchart that appears complicated, but it lets you see the entire process down to its nuts and bolts, giving you an idea.

 

4. Minimize Foot Traffic

The idea for getting conveyor belts is to lessen the need for workers to move around the workspace. Designing a workspace that encourages foot traffic defeats the purpose of having a conveyor belt network in place. Build your production line in a way that shortens the distance between steps as much as possible.

Think along the lines of Honda and its Assembly Revolution Cell (ARC) production system. Used in their Thailand plant, the ARC features four workers on a platform that carries the vehicle’s body and necessary parts. Everything they need to complete the car is already on the platform, reducing unnecessary movement and increasing efficiency.

As intricate as it seems, integrating multiple processes in one place lessens the burden on workers and the equipment. Let conveyor belts cover the distance, and your workers stay put.

Whether or not a conveyor belt will be crucial, the constant growth of technology and demand for quality will warrant a production line. Start-ups with an efficient production line are in an excellent position to reap the rewards of producing more in less time and expense. To survive and flourish in this business climate, they must start thinking about the future, just as Ford had dreamed about building “a car for the great multitude.” 

What is 3PL logistics and how can it give you peace of mind?

3PL

Today, most people prefer to build an online business as it allows flexibility and ease of use. However, running a business isn’t an easy task, especially when you’re just starting out. You’ll need to conduct product and market research, purchase enough inventory, plan your marketing strategies, and officially launch your brand online. While that is definitely hard work, it’ll get even harder when you’re already live and taking orders.   

When your business is running and orders are incessantly coming in, you’ll probably feel happy and stressed at the same time. You’ll be glad because your company is becoming a success and stressed because you’ll be facing difficulties fulfilling multiple orders while simultaneously handling customer service and marketing campaigns. 

To reduce your stress, consider hiring a third-party logistics company (3PL) for your business.  

 

What is 3PL?   

Third-party logistics is an outsourced service that handles your warehousing, packaging, and delivery. 

When a customer orders an item through your website, instead of picking the items, packing them, and bringing them to your local courier company, the 3PL logistics company will do the job for you as soon as you forward the order details to them. They’ll handle every step necessary to bring your products to your customers safely.   

A 3PL company will take the item from their warehouse, securely wrap the product—especially if it’s fragile—pack it, and send the product to the customer using their couriers. In this way, you’ll have more time to focus on the other aspects of your business that you’d like to improve.   

 

What Are The Benefits Of A 3PL?   

Many companies either do drop shipping or use a 3PL company. It can make you wonder, why are business owners going for their service? What do they gain from it? 

Listed below are the advantages of using a third-party logistics service for your store:   

 

Cost-efficient  

If your business is handling a large number of orders every day, you might not be able to fulfill your orders on time. To keep business running smoothly and ensure you’re sending out orders within one to three days, you might need to hire more staff to handle your order fulfillment process. While that can be helpful, it can also be an added cost for your business.

By availing the services of a 3PL company, you don’t have to worry about hiring more people, as the company will get it done for you. They’ll handle any issues, including hiring additional staff. All you have to worry about is keeping up with the inventory. They’ll handle everything else on their end.   

While hiring a 3PL company can be costly, it’ll save you money and time as you don’t need to worry about employing more people and renting a warehouse.   

 

Saves Time

Sorting and packing orders can take up a significant chunk of your day. You need to make sure that they’re correctly sealed and wrapped perfectly to avoid any damage while in transit. While you’re handling that area of your business, you may not have enough time to manage other aspects your business such as customer service.   

Hiring a 3PL company will enable you to use the time you spend on order fulfillment to work on other essential areas of your business.   

With a 3PL company, you don’t need to worry about allotting a specific time of the day to pack orders when you can just focus your attention on handling your customer concerns and planning effective marketing strategies

 

Improve Customer Experience  

When customers place an order through your website, they expect it to be delivered to their doorstep immediately. To do that, you must start shipping out their items as soon as you receive their order. However, that can be challenging to do if you frequently get a lot of orders daily. A 3PL company will be able to fulfill your order promptly, so your customers can receive their items as soon as possible.   

If you’re residing in a rural area, using a local 3PL company may not be the best choice as it’ll take additional time to get your products out to the customers. To help you minimize your delivery timeline, work with an interstate logistics company as their team and couriers are typically faster with handling orders coming in from different areas.   

When your customer receives their orders quickly, preferably within one to three days, they’ll be delighted with your service and would consider re-ordering from your store. Remember, some customers tend to give a lower rating on review sites if they received the item late, even if they enjoyed the product. To avoid unfavorable reviews, deliver the items as soon as possible.


Limitless Inventory   

One of the most significant advantages of hiring a 3PL company is that they allow you to store as many stocks as you like. You don’t have to worry about storage space when the 3PL company has got it all covered for you.   

If you’re a huge business and you’ve been selling considerable product volumes, having a well-stocked warehouse would help you never miss a sale. You can continue to sell your products without having to worry about where you’ll store your inventory.  


Peace of Mind  

With a 3PL company, you’ll get peace of mind as they’re professionals who are good at what they do. You don’t have to worry that they won’t be able to deliver on time or use poor packaging because you can easily customize the solutions you get. You’ll also get daily updates about your orders’ status.   

When looking for a 3PL company, ensure that they’re a legitimate company so that they won’t run off with your products. Additionally, you should check their capability to handle large order volumes per day and their warehouse size. Lastly, the 3PL company should be responsive so you won’t have any issues when you have shipment inquiries.   


Conclusion  

Running a business is time-consuming, especially if you do everything on your own. Allow yourself to have extra time to focus on the more important aspects of your business and hire a 3PL company. 

You don’t have to worry about handling the orders by yourself when you can simply forward the order details to your 3PL company. You’ll save plenty of time and money. You’ll also be more confident that things are being handled efficiently and professionally.

Victory for VMS Manufacturer

Nutraceuticals

Nutraceuticals are a relatively new area different from medicine and pharmaceuticals that have risen to the forefront, as people are craving products that are nature-friendly and highly beneficial for their own wellbeing. Today, we examine the world of Natrol® as the winner of this years’ title of Most Outstanding Nutraceutical Manufacturing Firm 2020 – California. Join us as we take a closer look to find out more about the company and what it has to offer.

Natrol® creates quality and innovative products that deliver positive health outcomes to help enhance people’s quality of life. Born from a passion to improve human wellness, Natrol has evolved over a number of decades into one of the most recognized brands in the world of vitamins, minerals, and supplements and is considered a pioneer in formulating vitamins with clinically researched ingredients so consumers understand they are getting safe and effective products that provide the benefits they claim to. Today, Natrol is the number one brand of melatonin and the number one brand of 5-HTP, in addition to being a leader within five vital human health areas – those being Sleep, Brain Health, Mood & Stress, Immunity and Beauty. Brands that fall under the larger Natrol, LLC umbrella include Laci Le Beau, a line of herbal teas for weight control, and Shen Min and NuHair, which includes hair rejuvenation products.

Founded four decades ago as a cosmetic company by Elliott Barber, Natrol was originally a firm that marketed nutritionally-based weight loss products, which is why the name of the firm is an amalgamation of the words ‘natural’ and ‘control’. The company quickly evolved over the years into one of the leading VMS brands in the nutraceuticals industry. Natrol is wholly dedicated to quality assurance and delivering safe, effective, and trustworthy products that meet expectations every time. The firm formulates its vitamins with clinically-researched ingredients so that consumers can feel the difference when taking safe and effective products that have great benefits.

Three key components make up the founding mission of Natrol – Quality, Innovation and Agility. In terms of quality, Natrol is NSF-certified (National Sanitation Foundation), GMP-certified (Good Manufacturing Practices), USP-certified (United States Pharmacopeia), and an FDA-accredited facility. The second component of the Natrol mission is innovation, and the firm focuses heavily on consumer-led innovation across its five key areas as a business. Finally, the third pillar is agility, implementing a structure that enables the company to be nimble across departments to foster collaboration and respond to real-time consumer wants and needs. This enables the firm to act quickly and work closely with distributors and retail partners in order to deliver exceptional products and consumer services.

As an innovator, Natrol prides itself on being able to consistently push the frontiers of research when it comes to developing vitamins, minerals, and supplements. Natrol is always trying to improve their customers’ quality of life, which in part is guided by the brand’s quality assurance program, which is extensive and industry-leading. It performs rigorous quality checks throughout the process, from exhaustive supplier qualification screening, to sourcing the very best and most natural ingredients.

Natrol has a complex customer base, ranging from those with a health-conscious mind who have heavily researched the ingredients and quality of vitamins, to those looking for a trusted brand to provide health and wellness supplements for their benefit. Natrol’s products appeal to consumers of all life stages, from parents getting through their incredibly hectic days, to retired baby boomers looking to maintain their longevity of a life well lived. Because the company caters to many different clients and consumers, it is constantly innovating its products to meet the evolving needs of consumers. Natrol works alongside notable experts, healthcare professionals and Scientific Advisory Board members who can directly speak to and engage with audiences through their growing social platform.

Its staff is another key component of the success that Natrol has earned over the course of the company’s lifetime. At Natrol, people make things happen, either with colleagues being responsible for producing high-quality products, identifying cost-effective solutions or improving processes to provide top quality products. To support them, Natrol’s leaders actively foster a working environment that is based on integrity, respect, and responsibility. The firm welcomes and embraces creative and motivated talent to join a culture of innovation and inclusion, whereby it values its employees and provides them with the tools and environment to harness and cultivate change. Above all, Natrol actively encourages teamwork. quality, fostering a healthy working environment, equitable action, active participation, respect, responsibility, and communication across teams and the company as a whole.

Looking to the future, Natrol’s CEO Andy Houlberg has carefully considered and crafted a five-year plan that puts the company on pace to double its business. It has the essential building blocks and annual steps to reach its long-term goals, and those annual steps include further improving the quality of the brand’s range of products. There are more than one hundred different formulas from Natrol present in markets around the world, and the firm will remain true to its mission and endeavour to continue improving those formulas. The firm is also committed to adding new products into the marketplace, and some are in the process of being researched and developed right now. Growth also centres around creating deeper relationships with distributor partners to solve their problems and business needs, whilst continuing to introduce new and relevant products into the marketplace.

Ultimately, Natrol is completely and totally committed to delivering uncompromising quality and customer satisfaction within the growing world of nutraceuticals, vitamins, minerals, and healthy supplements. All of its products are backed by the company’s 100% Satisfaction Guarantee, and are widely available at many major retailers where vitamins are sold. For those who prefer to get their vitamins, minerals, and supplements online, consumers can also visit Natrol.com for more information or online ordering within the United States. This treasure trove of a company is truly outstanding, and the world of nutraceuticals is better every day for having Natrol be a part of its growth and success.

Recruiting Leaders

boardsi

boardsi is a unique, Californian headhunting and recruitment firm that concentrates on securing Executives for Board of Directors and Board of Advisors roles. Bridging the gap between modern companies and advisory solutions, boardsi has created a selection of strategies designed to bring accommodating, all-encompassing solutions to companies, regardless of their shape or size. Since 2016, boardsi’s priorities have been built around promoting the relationships and connections between companies and executives that are vital to growing businesses, whether they are a large corporation or a smaller, independent organization. We put together a profile of boardsi to find out more about how they are revolutionizing the recruitment process for modern executives and companies.

Established in 2016, boardsi is a unique headhunting and recruitment firm specializing in the recruitment of Executives for Board of Directors and Board of Advisor positions, located in El Dorado Hills and Petaluma, California.

Boardsi has successfully gathered an expansive, private network of first-class executives, each of whom seek to join a company as a board member, and already have the time, commitment and experience to dive straight into an organization that is seeking expertise and leadership. Although specializing in boards of directors or advisors, boardsi is also equipped to provide single advisors as well, if this is what a company is looking for.

Meanwhile, boardsi has also established close relationships with businesses of all sizes and niches, from privately funded to public companies, and works B2B and B2C, often both at the same time. The boardsi process helps them to identify and fill any gaps in their current boards and then use their meticulous onboarding call systems to establish the type of executives needed, using their platform and comprehensive resources to find the perfect match.

Through these services, boardsi seeks to be the first choice for executives and organizations who are seeking to revolutionize their business, setting those executives on their path towards a successful career in an advisory role. Fundamentally, boardsi wants to be a one-stop solution to all levels of businesses, to speed up the board recruitment process. In only four years, boardsi has already seen success in their mission.

Whilst the true factor to the success which makes them stand out from the crowds of their competitors is a well-kept company secret, a great deal of boardsi’s success can be put down to their two-tier approach. The first element is their platform that provides executives with opportunities that are only available through boardsi. Second, is the firm’s other database of companies that do not necessarily want to be openly available on the platform, but are constantly on the lookout for any new talent that joins boardsi, who might fit the profile they are seeking. It is for this reason that boardsi is always striving to add new, talented executives to their growing network.

Another factor, and perhaps boardsi’s worst-kept secret behind their success, is the people that drive the organization. Martin Rowinski, tech entrepreneur and CEO of boardsi says, “I have never led a better group of motivated individuals. The excitement they bring every day to the office, or on a call is a difference-maker. I truly believe everyone working at boardsi loves what we do and are excited to meet all the new executives and hear their stories.”

Indeed, every member of staff plays a vital role in the organization, each collaborating and bringing ideas that contribute to the growth of clients and boardsi itself. The team has grown slowly and organically, and everyone that is recruited has a long-standing relationship with boardsi or someone within the firm. boardsi looks out for open-minded, motivated, driven and happy employees, and the result is a team of self-starting, mission-driven individuals with a passion for innovation. The team takes joy in their work, celebrating every success and as devoted to the office dogs, Leo and Lambo, as they are to their work.

However, boardsi has recognized that the present business world benefits only the biggest and most financially lucrative companies in terms of getting leading executive advisors and other advisory bodies, at the expense of smaller, growing businesses. This is widening the gap between big and small businesses, leaving the people that occupy executive board positions in the small companies with little options to explore and grow their businesses.

The team behind boardsi do not agree with this idea and as such are each committed to their mission of levelling the playing field, redefining the present system of seeking professional advisory services and revolutionizing how executives join forces in pursuit of common goals. boardsi aims to fast track new ways that will ease the relationship between businesses and executive, facilitating crucial and sustainable growth to success.

Whilst the growth of their clients’ businesses is boardsi’s priority, they are also able to celebrate their own growth and evolution. However, their philosophy and mission remain consistent and their delivery of solutions for the executives in their network will always remain simple and efficient.

However, presenting an executive with a role or potential career path can only do so much. Acknowledging this, boardsi is now looking to see how it can help companies to bring their new executives seamlessly onboard and as such is developing their services. Fundamentally, the process of recruitment is a two-way street and the executive has to perform exceptionally in an interview for themselves, without relying on boardsi. Consequently, the firm is now working on education and training tools for their executives, which will put their Board of Documents together and equip them with the best chances of landing the next board opportunity. In this way, boardsi’s next step is guiding clients to their own next step’s in the pursuit of an advisory career.

Growing fast every day, boardsi does not like to think about the destination that they are aiming for as a business. Instead, they prefer to concentrate on their journey of growth and development, exploring how they can be better at what they do. Wherever the journey may take this ambitious firm, it will undoubtedly be an exciting one to watch.

One Click Away

car2car

Cars2click is a B2B car trading company with a difference. Recently, we caught up with one of the founding members to find out more about how his unique offering is completely revolutionising the car trade industry.

Cars2click founders, Brian Madsen and Fredrik Glenning, were more than familiar with the used car sales industry, with selling via online auctions being the norm. However the duo realised that, despite online being a successful selling format, the process itself was far too heavy, costly and time-consuming for the auction companies, plus there was far too much competition as selling online was so simple to set up that literally anyone could do it! The pair decided to change the way they worked and the idea of Cars2click was born.

Effectively, Fredrik and Brian turned the process around – instead of waiting for the auction results to see who the purchaser was, Car2click uses market data to identify and target potential buyers instead.

The firm uses a digital set-up to harvest data known as ‘retail driven B2B car sales’. This data can show how many cars of each brand, model, variant, fuel type and colour are sold in each country and region. It even developed GEOpricing which employs its own comparison table to highlight in which countries a certain car can be sold at the highest price, and how fast it will sell. Once the most suitable country has been decided for the intended vehicle, the firm’s very own GEOmatch will simply present a list of the most likely buyers for that specific car. A sophisticated AI robot, or ‘Maria’ as she is also know, will even create a business case and send it via email or chatbot to a potential customer.

The firm may have begun on the understanding that car dealers needed help to improve the way they manage used car sales and online selling was already a tried and tested approach, it just required a little tweaking. However Cars2click also recognised that, although the digital process is highly effective, people still want to deal with people, so a personal approach was missing. This is something that the firm overcomes as it offers a door-to-door transport service.

“Knowing what is hot and what is cold is one of the most important factors when selling cars,” explains co-founder Brian. “Knowing that you are faster in deciding where to sell your cars is crucial as the most important thing for a car dealer is to turn around the stock fast and with a good profit, so we only offer cars which we know sell fast in that country.”

Promotion and marketing is not a big part of the Cars2click budget as the service sells itself. The buyers are car dealers across Europe and rental/leasing companies that need to shift stock cars fast, and the firm is lucky regarding its staff base as many of the trading managers employed have strong relationships with dealers from their vast experience in the industry.

“We have people in all the countries that we operate in and the reason for that is that they need to establish a relationship with our car sellers and car buyers, build a network and take responsibility for the delivery of the promise we make when we offer and sell cars. We will not need as many employees as our competitors due to our digital set-up but we need people to maintain and grow our network.

That being said, Brian jokes that Maria, the AI robot, is the most important member of staff and the most effective client hunter as her 100% digital approach accurately identifies buyers each and every time!

As well as being at the forefront of cutting-edge digital technology, the start-up company also has the benefit of not having the old culture of car sales mixed with an entrepreneurial approach to development and changing old patterns. Instead, Fredrik is what Brain affectionately calls “the car guy,” whilst he handles the digital side of the business.

“Together we make a great team and the company culture is linked to this friendship and our shared values,” laughs Brian. “Our golden rule and way of working and treating people the way we would want to be treated, with honesty, trust and clear, honest relationships are a key part of our culture and DNA.”

It is an approach which clearly works. The company is not only successful, but in the space of not quite two years Cars2click is turning over £2 million worth of revenue, making it one of the fastest-growing car traders globally to date.

“We have gone from zero to what we are today faster than expected and a lot faster than I was used to working for other companies, we are very fast from having an idea to developing it and then launching new features.”

These new features are just scratching the surface of what Cars2click is working on as a new offering, this being a subscription based solution with three main options:

  • Cars2view – a dealer management system with easy-to-use online dashboards which will help car dealers monitor the market and their competitors. Dealers can even see which of their cars are slow moving. All this is linked directly to Cars2click therefore any car dealer with access can easily publish a car on the website www.cars2click.com with a simple click.
  • GEOpricing – the solution which tells dealers in which country they can get the best price for their car.
  • GEOtrend – a solution for rental companies, leasing companies and manufactures who want to know about current market trends within the industry.

It seems that, for now, the skies the limit for Cars2click and both Brian and Fredrik are very proud of their achievement and of the team they have around them who join them on their crusade to help car dealers become more profitable by taking advantage of the ‘new normal’ in the way of digital opportunities.

“Ultimately, we are constantly on the move to improve and expand our data to cover more and more countries and to have better and better data. We are moving forward so fast now – changing the automotive world on our journey with and AI as we build a new future.”

Can Employers Make Vaccines Mandatory in a Pandemic and How Will HR Handle This?

vaccination

With a vaccine for COVID-19 in the works, many employers are starting to think about the vaccine policies their businesses may need to deploy.

HR leaders need to be able to ensure the safety of all employees and stay up to date on any changes during this global pandemic. Remote work has been a huge trend during these difficult times, but many are still working in person, or are eager to get back to work once the pandemic subsides. This means that when employees start getting back to work and a vaccine is available, employers need to start thinking about the next step.

This decision will not be easy for many employers thinking about whether or not it is even an option to make the COVID-19 vaccine mandatory, and who will be willing to get the vaccine if offered. There are so many questions left in the air which is why having an HR company that has knowledge and experience managing HR needs at a global level is vital.

The Chief Executive Officer at Stipenda, an industry leader in international PEO that specializes in helping businesses expand globally, Solomon Williams, explains the benefits of having a strong HR leader when dealing with things such as a COVID-19 vaccine within the workplace.

“A strong human resources department needs to understand the legalities of requiring employees to get a vaccine. These rules and regulations will vary across countries, so global businesses should consider working with a PEO,” said Williams.

With different rules and regulations in different countries, it can be difficult for businesses to tackle issues like a vaccine on their own.

According to Williams:

  • The Vaccine will be mandatory to health workers and possibly retail workers who are working consistently with the public on a day to day basis
  • There will most likely be religious and medical exemptions to receiving the vaccine
  • There will be employees that decide to leave their place of work if the vaccine becomes mandatory

There are a lot of things to consider when thinking about the possibility of a COVID-19 vaccine and how employers are going to be able to keep their employees safe and healthy. A viable option could be having onsite vaccine administrations to make it easier for all employees, but on the other hand, the mandate of the vaccine could have an unpopular reaction. Adapting to new changes during this global pandemic has been difficult for many companies and with a possible vaccine in the works, it is time for employers to start thinking about how they are going to handle this next obstacle.

4 Tips For Creating A Safer Workforce

security

Creating a safe workplace is one of the most important tasks of a business owner. Every member of staff should feel safe and secure when they come to work and there are some simple, yet very effective ways to create a safe environment for your team members.

 

Invest in training

The first thing you should ensure you invest in is training. Regardless of what industry you work in, there will be health and safety hazards to consider. On a staff member’s first day they should be brought up to speed with the company’s health and safety protocol.

From this, they should also be trained on any equipment which requires it. If, for example, you work in a warehouse, team members should be approved and authorised to operate heavy machinery. Training can ensure jobs are carried out efficiently and to the highest safety standards. Training isn’t a box-ticking exercise, nor is it a one-time thing. Training your staff should be regular, as refresher courses can help prevent staff from becoming complacent.

 

Make sure the equipment is up to scratch

As well as being trained on how to use them properly, they should be up to a good standard. This means tyres are checked regularly for any vehicles, tools are repaired by professionals and they are inspected before use. These are basic practices which should be maintained to prevent accidents, injuries and fatalities.

 

Telematics

As well as having a safe workforce in the office or warehouse, you should also look at how safe the conditions are out on the road. If you operate vehicles and have drivers out delivering or attending jobs, then investing in fleet tracking and telematics is essential. Not only can you monitor driver behaviour, but it can also be a good safety net if one of your vehicles is involved in an accident and you need evidence for insurance purposes. Other benefits of telematics include:

  • Route optimisation: Allows you to find the most convenient route for a driver. If, for example, a new job comes available and five drivers are free and already on the road, route optimisation will allow you to re-route the driver closest to the new job. Saving money on fuel and improving customer service.
  • Real-time live tracking: Can help to identify when drivers are in traffic and will allow you to inform customers of delays – improving your customer service offering.
  • Can help you save fuel: Telematics can help you save fuel by identifying the most cost-effective route (the quickest route may not be the most economical).

 

Security cameras

Security cameras are an amazing safety feature in both vehicles and buildings. They can act as a deterrent and protect your premises from thieves targeting it, but that’s not the only benefit of a security camera. They can improve staff productivity and ensure they are doing their job correctly. It can also be a good safety measure to have in place if there are any issues among staff members.

 

Safety is paramount in any industry and there are some simple ways to ensure you are creating a safer workspace.

How far Back Does an Employee Background Check Look?

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In most cases, companies that initiate an employee background check will want it to go seven years back. However, reporting information up to a decade old is allowed in some states. In California, a credit reporting agency could go a decade back if a candidate would be offered $125,000.00 or more a year. If they were to be offered less than that, the agency couldn’t go more than seven years back.

There are ten states apart from California that limit conviction reporting to seven years from release from prison, the end of parole, or the date of the disposition. They are Colorado, Maryland, Kansas, Massachusetts, Nevada, Montana, New York, New Mexico, Texas, Washington, and New Hampshire. Income exceptions apply in some cases.

 

Knowledge is Safety

Companies should be aware of how far back different types of background checks can go in order to make the best employment decisions. This will make sure candidates are qualified for the job, and that risk to clients, volunteers, and other employees is reduced.

It is important to understand that the state and even the county can impact the period of time checked in an applicant’s background. Compliance regulations in some cities and states can affect this period of time.

You also need to know what specific background checks entail. General pre-employment screenings are very different from criminal record checks or employee credit checks.

 

Pre-Employment Screenings

Employers typically use these when performing an assessment. They usually cover seven years of court and criminal records. Depending on what you’re looking for and on state compliance laws, they can go back further.

 

Bankruptcy Checks     

These can go as far as a decade back.

 

Criminal Felonies

Depending on the state where the applicant works or lives, one can report felonies for an indefinite period of time or restrict them to seven years or a decade.

 

Credit History

Employee credit checks generally go seven years back. Depending on specific state laws and expected salary, they might go a decade back. In addition, some state laws restrict how long you can report certain types of credit data.

 

Minor Infractions and Misdemeanors

Depending on the state where the applicant works or lives, you can report these indefinitely or for five years, seven years, or a decade.

Educational history, employment history, and professional license information is subject to verification over a candidate’s lifetime. Driving record checks can extend from three years to a decade back. Again, it depends on the state where someone works or lives.

 

Limitations and Regulations

When it comes to screening tools, HR departments have lots of options. However, this doesn’t exempt companies from obeying local laws, state laws, and federal compliance regulations when doing background checks to make hiring decisions.

It is challenging to stay current on all the details that may apply to your applicants’ jurisdiction, which can limit how far back you’re allowed to look into their background. For instance, some local and state “ban the box” and fair hiring laws restrict the extent of a criminal history check. Ban the box refers to removing the check box on applications that refers to the existence of a criminal record. A few states also impose limitations on how companies can use employment credit checks to make recruitment decisions.

 

FCRA Guidelines 

Specific regulations exist in terms of how far back a screening can go into an applicant or current employee’s history according to the FCRA. Background check services and CRAs are not allowed to report bankruptcies filed more than a decade from the report date, tax liens paid seven years from the report date, and arrest records, civil judgments, and civil suits that are older than seven years. In addition, they cannot report any adverse information that is more than seven years old with the exception of criminal convictions. Finally, they cannot include collections more than seven years old in any reports they make available to their clients.

Tips for Buying Preowned Equipment for Your Business

lorry

Your ability to buy good preowned equipment can be the difference between profitability or not. Businesses must know how to get the right equipment without breaking the bank. That usually means going to the secondhand market, but there has to be a lot of care in doing things this way. The most important thing about this type of research is knowing what to look at and when to walk away. Many companies make the mistake of never walking away from a bad deal and ending up losing more than if they had just done nothing.

 

1. Make Sure The Seller Is Reputable

The first thing that a business needs to buy preowned equipment is to make sure the seller is reputable. It might be worth your while to hold out for someone that you know and trust. However, it is even more important to have a third party or other industry veteran vet them for any potential problems. You don’t want someone with a history of selling bad equipment or trying to take advantage of the buyer. This stage of research will help you weed out those vendors that you deem untrustworthy.

 

2. Get Your Truck Used

You don’t always have to get the latest model when it comes to buying business vehicles. A preowned Nissan Sentra or Peterbilt 579 for sale will cost less and still get the job done. On top of getting the job done, it will serve you well for many years down the line. You won’t have to worry about anything breaking down if you maintain your truck correctly. The other downside of modern trucks is that they have many electronic gadgets that make it almost impossible for you to make repairs yourself. It is the same way in the tractor industry.

 

3. Do a Thorough Inspection

Many business owners think that the inspections they are already doing are enough. However, the reality is that they aren’t doing a good enough job with inspecting their preowned equipment. The inspection should ideally be done by a professional, so they know what to look for. You should be inspecting the equipment in much greater detail, so you don’t have any problems in the future. That means looking for things that you wouldn’t otherwise think about checking. For example, you might need to learn more about the machine to understand potential problems that could happen in the future.

 

4. Choose Quality and Not Price

You might be tempted to buy preowned equipment on price, but that would be a huge mistake. One of the best things you can do is choose functional products that are preowned rather than buying bad equipment new. It is better to invest your money in equipment that you know will last the test of time. The higher-quality equipment will also be more advanced.

 

5. Know the Market

A big part of not getting ripped off is understanding the market for the equipment you are trying to buy. When you understand the market, you can decide whether something is a good deal or not. Take the time to research the price people are buying and selling the equipment before you take the plunge.

 

6. Be Willing to Walk Away

The biggest thing you have when buying preowned equipment is knowing when to walk away. You might find something that you think is a good deal, but it turns out not to be what you expected. The biggest power you have in negotiating is walking away. If you find any problems at all, then you should walk away as quickly as possible. If the price isn’t what you expected, you can walk away to make sure you don’t get ripped off. Walking away will help keep you out of trouble and save you a lot of money.