A new study, commissioned by the industry, puts the value of car and van leasing and rental spending at £14billion a year. More than 183,000 jobs are supported by the sector.
The recession has made the high price of owning a new car even more painful for many customers, who are looking to find value without large one-time outlays, boosting alternative forms of ownership.
First independent survey
The study was commissioned by the British Vehicle Rental and Leasing Association (BVRLA) and carried out by Oxford Economics. It is the first independent assessment on the industry on this scale.
The startling £14billion figure means the industry is worth a ninetieth of the UK’s annual GDP. The Oxford Economics figures include the industry itself and its wider impact, including on the used car market. Each year, the rental and leasing business contributes approximately £2.8billion to the exchequer.
The employment picture is also complex. Around 38,000 people work in the rental and leasing industry itself, while 145,000 people rely on the supply chain and wider spending associated with car leasing deals. Taking the survey’s numbers at face value means that a staggering 1 in 175 British workers owes their job to the industry.
While the recession has hit the manufacturing sector in Britain hard, car manufacturers and associated businesses have continued to do relatively well, with exports proving as strong as the home market. Eight out of ten vehicles are exported.
Last August, car production figures showed its 13th consecutive month of growth. In fact, it was dramatic growth. In July 2012, 120,000 cars were made in the UK, a rise of 22% on July 2011’s figures. Such was demand from Asia, that Jaguar and Land Rover – both popular marques in the leasing market – had to switch to 24-hour operation.
In the UK, the car leasing business bought around 220,000 vehicles in 2011. That accounts for 15% of the car industry’s total output, and 82% of UK-made vehicles bought by domestic customers. In 2011, that was worth £2.4billion for UK output, supported 52,000 jobs and contributed £810million in tax.
Makers, importers and garages all benefit
That’s good news for British makers, and so is the wider picture. Imported cars with UK-made engines – a major business these days – account for £349million of the UK’s GDP, supporting 7,600 jobs and making a tax contribution worth £120million.
Most of the money spent by the leasing industry boosts the British motor dealing sector. In 2011, £11.1billion was spent with UK dealers selling foreign-made cars. That figure is said to represent a £98million increase in GDP, while supporting 2,000 jobs and paying £31million in tax.
Is leasing greener?
The BVRLA is keen to play up its environmental impact too. According to this research, leased cars are greener. The average emissions for a leased or rented car in 2012 was 123g/km, a quarter better than the average car.
It’s clear that the BVLA’s claim that this research shows, “that the sector makes a major contribution to the efficiency with which the UK economy works” has some merit – something worth bearing in mind if you are considering signing a car leasing deal.
Derek Devlin has worked for a number of car businesses in his time, he has also found that he finds car leasing from http://www.frontierleasing.co.uk/blog/posts/2013/04/how-to-choose-a-car-leasing-company.aspx
Starting up a business can be risky when you do it during the middle of a recession; the inflow of money is low, consumers do not have as much purchasing power as they did before, and competition among already established brands is high.
But recession can also be the best time for certain ventures to start. This is because these types of businesses cater not only to wants, but more on the needs of target markets especially at a time when those that were supposed to provide these goods and services are not fully functional due to the current economic downturn.
So what are these business ventures that you may want to look at?
During recession, consumers are not into buying stuff, and they would rather fix whatever they have that they can use in order to save money. The same rationale applies with the car industry-you cannot expect car salesmen to gain big profits during a recession period.
Hence, you may want to open an auto repair shop, especially if you know a thing or two about auto repair services. A lot of car owners would come your way because they’d want to put their old vehicles to use as repair costs are definitely cheaper than buying new vehicles.
Recession is also the time when unemployment is high. A lot of individuals are scrambling to land on jobs in order to establish a steady source of income. But do you know that these individuals can serve as your main clientele?
If you happen to be in the field of human resources, or if you want to put your writing skills into action then you may start offering resume writing services. You can offer your services online, as many aspiring employees would want submit job applications using winning resumes. You can perk up their bio-data, write them outstanding cover letters, and as well give them extra tips to help them land on the jobs they want.
During a recession period, many people go into panic buying mode. This is because the prices of goods may go up anytime soon, or they wouldn’t have enough funds to purchase their needs in the coming days.
It can be inconvenient to go to a grocery because of the costs of gas. Perhaps you may want to bring the goods to them instead by setting up a wholesale mini grocery in your home. You can offer basic goods, such as canned food, laundry detergent, toiletries, and other basic necessities that can be stored for a number of weeks. Most of your customers will be your neighbors, as this offers them shopping convenience compared to going out.
People feel a bit deprived during recession, thus they tend to do purchase small luxuries to get rid of the jaded mindset. You can then sell luxuries that are rather affordable, such as chocolates and fancy jewelry. You can do this on a retail basis, or offer more expensive items in installment payments to make them more affordable.
Cooper West is a freelance writer who loves to write about businesses, business strategies and advice. He also lends his pen to businesses like B2B International among others.
Liquidation, according to law, stands for the dissolution of any company or a part of a conglomerate, and the redistribution of the assets and others properties of the affected company or its parts among the creditors
Conditions required for implementing company liquidation
However, the above instance occurs only in case of the insolvent liquidation when the company is unable to pay to the creditors and is in possession of insufficient property to pay the back in full. The winding-up or dissolution of the liquidated company may also occur under voluntary will of the creditors or the members of the affected company in a prescheduled and phased manner.
However, company liquidation may not always be catastrophic for any company and may even help them in easing off their financial stress.
What are the types and categories of Company Liquidation and its significance?
Companies can enter into three different types of liquidation according to the prevailing conditions responsible for the liquidation process. They are as follows:
1) Members’ Voluntary Liquidation:
The first type is the Members’ Voluntary Liquidation occurs in case of enough money present in the coffers of the concerned company to pay off al the outstanding debts. This type of liquidation is common among the shareholders in case of events that lead to situations where a company does not seem to have any chances of becoming profitable in the future. This is when the members decide to ensure that the company fulfils all the obligations to its debtors so that it is able to finish its operations in good faith.
2) Creditors’ Voluntary Liquidation:
The second type of company liquidation is Creditors’ Voluntary Liquidation and this common when the company concerned does not have enough to meet its obligations to the creditors in full. The creditors then force the company to go into voluntary liquidation to meet the obligations it owes to the creditors and pay them back their dues. The creditors have the power to enforce their rights to send the company into voluntary liquidation to save their investments from sinking. However, the shareholders are the ones who decide about the fate of the company and the way it should run. Therefore, the creditors may need to launch a winding up petition for the forcing the management of the company into following the liquidation agreement to ensure the payment of their dues.
3) Involuntary and Compulsory Liquidation:
The third type of company liquidation is the involuntary and compulsory liquidation where a court or regulatory authority instructs the concerned company to wind up its operations and pay back the creditors. However, this form of liquidation is less common in prevalence because the debtors are not inclined at forcing a company shut and receive only a share of their dues instead of getting back the full amount. When the assets and properties of any liquidated company is not enough to pay back the entire dues of the debtors, the court tries to remain impartial. The court ensures selling of the company’s properties and other assets to pay them back according to their initial investments.
Company liquidation may also occur because of a number of other reasons that are less common. Failure to start the operations of a company within a statutory period after getting approval or not conducting it for the minimum period can lead to liquidation. Therefore, company liquidation may occur because of a number of reasons and helps creditors in realizing their dues.
Mark Anderson is the author of this post. He helps share his knowledge on various business management activities through his posts.
The internet has affected the way in which we run our businesses in many ways, especially the accessibility to internal systems whilst being away from the office. This article examines the reasons why having a VPN system installed for your own business is such a good idea and how it can be so beneficial to your own working requirements.
What Is VPN And How Does It Work?
VPN is an acronym for ‘Virtual Private Network’ and it usually allows employees access to a specific network whilst out of the office. You can use your laptop or home computer to connect with your work network and allows an amazing flexibility option. You simply gain access to a service that is directly connected to your own business network. The connection is set up in such a way that allows total privacy, and this negates the risk of outsiders accessing delicate company documents and strategies. You can also access live video conferences and connect to internal telephone systems with ease.
You Are Always In Touch
The very nature of modern business dictates that employees are required to travel as part of their contract specifications. They may need to visit remote locations to fix issues, or perhaps meet existing clients whilst on the road. Before the development and implementation of VPN systems, they were unable to access the business network unless they were at a depot or regional office facility. With VPN you can always access that email or data file with a simple and secure connections facility. You never know what information your potential or existing customer may decide to ask you for, with VPN there are no embarrassing delays whilst you are waiting for that information to be relayed to you or your colleagues.
Safe And Secure
Before VPN became the preferred method of keeping in touch with your business when in a remote location, we used to rely on public and hotel Wi-Fi networks. These were seen as incredibly useful mediums at the time, but the security issues would always raise a question mark. You could never be certain how safe your data transmissions were, or how secure your passwords could be. There is always the possibility of a hacker risk when it comes to unencrypted data flow. VPN has nullified that risk, you can still use these facilities, but with complete peace of mind.
Remote Meetings – Works Both Ways!
We have already discussed how VPN can keep you in touch with your base whilst travelling on the road, but it can also work in the opposite way. Many of your remote visits and meetings/conferences are actually a waste of valuable time and resources. Instead of a physical presence at these important events, you can easily host a teleconference from the comfort of your own office environment. During these meetings you also have all of your business data at your fingertips, should you require access.
VPN – Yes Or No?
The choice is yours but can you risk being excluded from this exciting and useful option in the future? As more and more businesses choose this communications facility, companies that are stuck in the past will fall further and further behind.
James Sutherland is a network engineer at a leading IT firm in Australia. He has vast experience in this field and has worked on some key government projects including NBN. In his spare time, he likes to play soccer and cricket.
Why ERP is Important for Your Business
What is ERP?
According to CIO, Enterprise resource planning (ERP) is a management strategy that uses a single powerful software tool to help you integrate all aspects of your business – for example, accounting, human resources, manufacturing, and supply chain management. ERP solutions replace individual specialized software tools typically used by different business departments with a single tool that instead provides modules for each department. Using a single tool makes it easier to exchange information, streamline workflow, and improve accountability and reporting.
Some major benefits of ERP include:
Most companies initially use ERP to improve workflow, such as order fulfillment. In traditional stove-piped systems, a salesperson takes a customer order, which might then be validated by the finance department, and then sent to a warehouse for picking, and then to shipping. If the customer calls to check on the order status, the salesperson has to call or e-mail the different departments involved to get information.
ERP streamlines the above process by connecting the departments involved. The salesperson may initiate the process, but will have instant access to all necessary information for order fulfillment and status at every step of the way. The improved integration and information access saves time and money, and increases customer satisfaction.
Another important feature of ERP software is the ability to produce “dashboards” of information that provide key performance indicators on various business operations. The dashboards can usually be tailored so different information is presented to different users. For example, the CEO of a company may be interested in the total number of widgets produced, but the chief of manufacturing might also be interested in the maintenance status of production machinery.
Microsoft Dynamics ERP Example
Microsoft Dynamics ERP provides solutions for small to midsize businesses. The software can run on-site or in the cloud and brings together five different departments:
The software presents each user with an interface tailored for their particular role and the module or modules they use. However, users also have access to information in other modules as needed.
Is Your Company Ready for ERP?
CIO cautions that ERP software by itself won’t fix poor processes. If your company is thinking about ERP, first examine your current processes and re-engineer them if necessary. It may be difficult to implement ERP if employees are wedded to old processes and unwilling to change.
In addition, ERP solutions can take one year or more to implement. There are also costs and potential problems associated with transitioning databases and training employees on new software and processes. During that time, be sure to have backup and transition processes in place to keep your company humming and your customers happy.
Bryan Grayson writes about business software, ERP, and more.
Given the rocky road our economy has been during the past few years, it’s never been more important for companies to hire top level talent for executive positions than now. However, one issue that’s always been in debate is the means by which you find that talent. While some will argue that all recruitment should be done in-house, a growing number of companies believe enlisting the services of a human capital consulting firm is the way to go. Let’s take a look at why a company might choose a retained executive search over in-house recruiting.
There’s no question of the importance of finding the right person for your executive search. Just ask the people at JC Penny what they think of their CEO and his ideas about their new business model. Or better yet: ask JC Penny customers. A CEO and other senior level executive position search could make or break a company if the wrong candidate is chosen. In this blogger’s opinion, a human capital consulting firm offers the best return on your time and money.
Samantha Wideman is part of a team of writers and specializes in writing about current news events.
Designing your office requires much thinking and consideration, especially when one is doing it by himself without a decor designer. Having contemporary office furniture gives your office a definite appeal, because of the upbeat ambience it provides. You have the liberty to arrange your office the way you see best but you have to place some things into consideration such as space. Here’s a look at how you should be choosing your office furniture:
Materials of your office furniture
Good quality office furniture is made from different materials, most of which are often very long lasting. The different furniture pieces will determine the kind of materials used to make them. Make sure you opt for office furniture that feature the material you feel that is best suited to your office theme as well as serve your needs.
Upon visiting many offices today, you are likely to find black swivel chairs. These are mostly made from original leather or even smooth artificial leather. These have a sophisticated elegant look. People have different preferences, so you may find people who will prefer a stiffer shell and they will therefore go for fiberglass for the surface. You are likely to find this material on reading desks.
This office furniture will often come in the material that suits the kind of work you are involved in, and for some it will be because of their own pleasure. Therefore, the most common types of materials you are likely to see making tables include marble, laminated veneer, hard wood or any other strong material. This is so because a desk needs to support some amount of weight.
You may find that the bases of most of these desks are made from polished aluminum or even chromed steel. Some of these more modern desk models might be made from treated plywood is one of the widely used materials to make modern desks. There are other processed materials used for this purpose.
The timekeeper is what many may ignore even in designing an office; this important piece of furniture item comes made from an array of materials including solid beach wood and polished steel. The design on your wall clock should be in harmony with the theme you choose for your office.
Leather is the most commonly used material for this office furniture. Leather is durable and easy to clean. If not leather, one may decide to settle for artificial leather or an equally stronger material for the seats. They normally add on to the elegant look of your office.
Tips for shopping
When you go shopping for office furniture, there are some other considerations to make. Remember that you have to have decor harmony in your office. Therefore, choose furniture that will not clutter your office, or even give it a crowded appeal. Most of the office furniture carries a hefty price so you want to make sure your purchase is a worthwhile one.
Health is an important factor to consider also, as posture related issues would give you a stressful time, especially with the wrong kinds of furniture. You therefore have to window shop in advance in order for you to be able to come up with a proper budget that you will work with. When you buy, ensure that you get the products from a reputable vendor. Getting insurance for the furniture is also important, especially for those delivered to you through shipping.
Sam Jones is a leading supplier of office furnishings. As the saying goes ‘first impression is the last impression’ it applies for office furniture as well, according to him. A passionate blogger, he has given some useful tips to make your office furniture stand out in today’s post.
Are you over-worked and underpaid? Or under-worked and over paid? If you think you have a tough job, spare a thought for these people. Although the rewards can be great, the job description can leave little to be desired. It’s amazing what people will do for money.
1. Crab Fisherman
This has got to be one of the worst jobs in the world in my humble opinion. Although the season is short, the risk of injuring yourself is extremely high especially in the rough, freezing cold seas. Combined with stormy weather conditions, not to mention the fact that you may not actually pull up a good catch in time for a good pay day still has this rated as one of the best paying ‘worst’ jobs in the world.
In case you are not aware, gastroenterology is a branch of medicine that focuses on the digestive system. And as we all know, what goes in one end eventually comes out the other! OK, so you may not spend all day looking at people’s bottoms, but personally I wouldn’t like to spend a whole day seeing one patient after another and performing a colonoscopy on each one!
If you’re not into chitchat and you don’t mind a ‘quiet’ job, then embalming might just be for you! An ancient process that dates back to the Egyptians, it requires the preservation of a corpse that nowadays is mainly for bereaved relatives and friends to view a loved one before burial or cremation.
4. Private Security Contractor (Iraq)
Deemed as an exceptionally dangerous job with over 300 private contractors being killed in Iraq over the last 6-8 years. If you don’t mind the high ‘risk’ factor, being a bodyguard or escort in this country can ensure you are handsomely rewarded for your efforts.
5. Offshore Oil Rig Worker
With the world’s booming oil industry it’s no wonder this job makes the list. Not a glamorous job by any means. Dirty and dangerous! If you like the idea of long hours, working in cramped conditions with tremendously loud machinery, and weeks at a time spent at sea away from your family and friends then this might be a job for you. Why do they do it? The huge pay packet of course!
6. IT Support Executive
As technology progresses, so is the need for people that understand it and can fix it when something goes wrong. Although not a dirty job, the pressures and stresses involved with this sort of job make the majority of workers unhappy, even depressed.
7. Sewer Flusher
OK, so it’s got to go somewhere right? Although we don’t really think about where all our ‘waste’ goes, if the system gets bunged up then these people are called in to unblock and restore the ‘flow’. These workers have major paydays, so if you don’t mind getting in the poo and being in smelly places, you get to enjoy a sweet smelling pay packet. Mind the rats though …
I don’t know about you, but in my opinion toes are about the worst feature on every human being. Nobody had attractive toes and this is why I feel it deserves a place on the list. Imagine your day full of ingrown toenails and bunions? Not to mention foot odour? Well paid indeed, but not for everyone.
9. Crime Scene Cleaner
If you were thinking ‘Midsomer Murders’ or ‘The Bill’ then think again. This is real folks and there’s more gruesome stuff involved in this job than mopping up blood. You might well be cleaning murder scenes! It would be advisable if you had a cast iron stomach before applying for this type of job as you may never sleep soundly again after a day on this job. Unlike police people at least there is little risk and no chance of a real work accident claim.
10. Portable Toilet Cleaner
I guess we have all been to a concert or outdoor event and had to use one of these and can remember the state of them. Oh and don’t forget the smell! Spare a thought for the person who has to clean up after everyone. Luckily they get to suck all the ‘waste’ up with a vacuum, but that is after they have picked up any toilet paper that might be lurking inside. Not a nice job if the loo has been tipped over!
So I guess if you don’t mind what work you do then you can enjoy the handsome benefits that go along with some of these good paying jobs. Otherwise I guess it’s back to work as usual tomorrow …
Cormac Reynolds loves writing about bizarre and interesting stories and has done so for a number of years.