Just like any other manufacturing business, you are no doubt always on the lookout for ways to reduce costs so you are able to enjoy more profit.
Our resident manufacturing experts have listed their top ways to reduce costs below, so make sure you pay careful attention to every word. Now over to the experts…
Shop around for equipment
Let’s say that are in the market for gas abatement systems or something similar. Do you just go to one place to get what you need, or do you shop around for the best price? At the end of the day, if you can find it cheaper elsewhere then go for it.
Seek out lower cost materials
Technology is always moving forward, which means higher quality but lower cost materials are constantly being introduced. Always be seeking out these materials for the manufacturing of your products.
A common problem in the manufacturing process is the amount of waste that can be produced. Not only does this mean you have to buy more material than you really need, but it also costs you to get rid of the waste. The best way to reduce waste is to work with designers and other key people in order to find ways to minimize the amount of materials you require to get a finished product.
Always be negotiating
In order to reduce costs and save money for your business, you must make it a main focus to always be negotiating to get a better deal. Never be happy with what you’ve got, as things change quickly in the manufacturing business world, and in no time at all you will be paying too much. You have to be negotiating and lowering your costs to stay one step ahead of the competitors
Offer instant payment
One way to reduce your costs is to offer instant payment to suppliers for lower prices. If you do this right then it’s possible to make significant savings when buying in bulk, as most suppliers will only be too happy to offer you a lower price instead of having to give credit, which often takes a lot of chasing up on their part in the future. Instant payments for lower prices is a situation where everybody wins.
Keep energy costs down
If you have large premises then energy costs are probably one of your biggest expenses. Fortunately, there are ways to keep these down, and it all starts with getting a free energy audit from your energy supplier.
It’s Christmas…a time for being with family, eating too much turkey, and enjoying a much needed rest. What could go wrong? Well, if you make any of these 4 mistakes then quite a lot actually. Let’s get right down to it.
Leaving Christmas shopping to the last minute
Without a doubt, the number one mistake people make at Christmas is waiting until Christmas Eve to do their shopping. This leads to rushing around, panic buying and spending way too much money. It’s a much better idea to do your shopping with plenty of time to spare so you can plan out what gifts you are going to buy.
Wrapping up Christmas gifts
Are you someone who still spends hours of their time wrapping up gifts at Christmas? Surely you’ve better things to be doing, and this why you should either just use Christmas boxes to put your gifts in, or pay a little bit extra and have the store gift wrap everything for you. This way you can spend more time having fun instead of getting frustrated with wrapping paper and all that other stuff.
Spending too much money overall
Christmas is an exciting time of the year and you no doubt want to make a big impression on everyone around you, but if this leads to spending too much money, and if that leads to getting into debt, then you are making a huge mistake.
At the end of the day, you’re much better off having a low key Christmas without the trimmings if money is an issue right now, and you definitely don’t want to be buying expensive gifts. Keep it simple and save your money.
Getting too drunk at the office party
Most people go to the office or work party at the end of the year, and although it can be a good time to have some fun with colleagues, if booze is around then it’s all too easy to get drunk and start making a fool out of yourself.
Getting up on the table and taking off your shirt is funny…telling your boss just how much you dislike them is not so funny, and could easily create problems for you in the New Year. With this in mind, take it easy on the alcohol or even don’t drink at all.
The final word
If you don’t make any of these mistakes during Christmas then you will be fine, and you can expect to have a great time. Just one false move however, and things quickly get out control, so be careful.
It seems that more and more people are considering buying a property to offer as a long term rental. The reason? Because it offers a stable side income, and if done in the right way can act as a springboard to more real estate investments that could become the main source of income.
However, before you jump into the world of property investing it’s important that you take a step back and consider all aspects of the game. Not everybody is destined to be as successful as Than Merrill and some people might even lose money. You need to be aware of all the facts.
Passive monthly income
For the most part, renting out a property over the long term gives you a passive monthly income without any kind of hard work on your part. Wouldn’t it be nice to see monthly payments going into your bank account like clockwork, while you just sit back, relax, and plan your next venture? This could soon be your reality.
You have leverage
If you buy a property outright then you now have leverage to take your real estate empire to the next level. For example, you could use it as a security against a loan, which you get to buy another property to offer as a long term rental once again. This is how many millionaire property tycoons got started. Are you ready to join them? There is nothing stopping you.
Getting the wrong tenants
Everything goes very smoothly when you have the right tenants, but what about if you find yourself with the wrong tenants? This happens from time to time, especially if you don’t perform the correct background checks, and if you get stuck with a bad tenant then it can end up costing you a lot of money to get them out as you will probably need to go through the courts, all while not receiving any monthly rental income. With this in mind, it’s essential that you choose your tenants wisely.
Financing can be tough
For a lot of potential real estate investors, the major hurdle is financing. Go to any bank or major lending company and there is a high chance they either turn you down or offer a loan that comes with very high interest rates. The only way around this is to improve your credit rating or shop around to find a loan company willing to take a chance on you.
Having a garden shed is great for a number of reasons. You can keep your gardening tools there such as a lawnmower and hedge cutter, as well as store boxes of junk that you don’t want in the house. It’s also just a good place to relax and unwind on a summers day with a beer in your hand and watching the game on your portable TV.
So what steps should you take in order to buy a garden shed? Are the makes and models you see at the local store good enough, or would it be a better idea to build one yourself? Keep reading to find out…
Building one yourself
Firstly, you understand that building a shed is only a good idea if you have extensive experience in construction and building things in general. Many people with little experience attempt a DIY project, only to give up half way through to go buy one instead.
Purchasing a garden shed online
It is becoming increasingly popular to simply purchase garden sheds online and then have it delivered directly to your house. This way, you don’t have to go looking around different stores to find a shed as everything can be done at the click of a button.
Even better, many of the online websites that have the best garden sheds in New Zealand always come with the cheapest prices, mainly because they have less overheads than traditional stores. This holds true no matter which country you are in. New Zealand is just a good example.
Go for a bigger shed
Just about everybody underestimates exactly how much space they will need in a shed. Initially, it might seem like you only require a small area, but as the weeks and months go by you’ll find yourself putting more and more stuff in there, to put where you can barely get through the door.
Do yourself a favor and go for the bigger shed if you have the space and your budget allows it. You won’t be sorry, and all that extra room will serve you well.
Choose the right material
There are many different shed materials on the market, and the one you end up choosing depends entirely on your own unique situation. As an example, if you are looking for good airflow in your shed then choosing a metal such as steel probably such a good idea.
On the other hand, if you are looking for durability then plastic isn’t the best choice. Weigh up your options, do some research, and then choose the material that is right for you.
Did you know that you don’t need a law degree in order to study law? Many people are now taking other subjects such as English, Maths, and Politics at university, in order to get a more well rounded education in order to prepare themselves for a career in a law related profession.
With this in mind, it’s essential that you know the pros and cons of studying law, so you are able to make up your own mind about what is the best subject to study to give you the best chance of getting your dream career.
You can study online
A major pro of studying law is that you can now get an Online Law Degree all from the comfort of your own home. There is no need to go to a college or university or attend any classes. Do everything in your pajamas if you want to!
Specialization is easier
If you know exactly what area of law you want to specialize in and you are able to cover that in depth during the course of a law degree, then it makes sense to go down this route.
Not only will you be more prepared for what it takes to have a career in a certain area of law, but you will also have more knowledge than someone who hasn’t done a law degree.
It doesn’t limit you
The great thing about studying law is that it doesn’t limit you to working in the law profession. Some people decide a career in law isn’t for them after getting a law degree, and then go on to get a very good career in another industry.
Many employers respect the amount of skill and hard work it takes to get a law degree, which is why you’ll be considered for just about any job you want to go after.
It’s very tough
Everybody who has ever studied for a law degree will tell you one thing…it’s very tough. There is a lot of reading, studying, and completing projects to be done, and it’s not uncommon to spend all night working on a paper just to get it done.
If you are not prepared mentally for what is to come, then studying law might not be the right choice for you.
A law career is not guaranteed
Here are the facts: Many law firms are downsizing, while the competition for each opening is huge. Just because you have a law degree it doesn’t mean you are guaranteed a job, and you may find yourself unable to get a chance.
No matter if you live in a tiny apartment with small rooms or you just want to spruce up the spare room in your house, creating the illusion of a small room appear bigger is actually not that hard. Follow the 4 tips below to make it happen…
Lighten up the room
Dark colors tend to leave a small room looking even smaller, while brighter colors such as light blue or yellow create the illusion of space.
Choose a curtain material that is light and bright, while avoiding heavy materials.. Give the walls a lick of paint in your chosen color and change the carpet to a medium/bright color. You are now well on your way to making the room appear bigger.
Let the light in
As well as using brighter colors to light up the room, it’s also a good idea to let as much natural light into the room as possible. The reason? Because natural light helps to visually expand the amount of space in the room, which makes it an easy way to help a small room seem bigger.
To make this happen, don’t use window treatments such as blinds and panels, while at the same time leaving the curtains open during the day to let as much natural light in as possible.
Use less furniture
The easiest way to use less furniture is to have each piece of furniture perform multiple functions. For example, a desk could double as a dining table in the evening in the living room, while a dresser could easily be used as a nightstand in the bedroom.
You can also take advantage of furniture that folds up for easy storage, so it only has to take up space when in use. Also, make sure you position furniture wisely, by keeping things such as couches, chairs, and tables to the side of the room in order to create more space.
A major problem with small rooms is how to store things without making it look cluttered, untidy, and small? Luckily, the solution is rather simple…all you need to do is start storing items vertically instead of across the floor.
A good way to achieve this is by putting up multiple shelves, almost to the ceiling, and then storing items on there. An added bonus of doing this is that the room starts to feel taller as well as bigger, which gives you and anybody visiting your house the illusion of being in a spacious room.