Successful Business – Top Reasons

1) Direction.

Every startup needs a leader with a vision. During the difficult times, the CEO needs a clear idea of the end mission and how the company needs to get there. A good business leader keeps the long-term in mind, while dealing with the immediate needs of a new company.

2) Speed to market.

You can’t be second when it comes to startups. Especially with the rate of technology development, the faster a startup can produce its service or product, the better chance it has in delivering to customers. Young businesses have to compete with established industries. One of the reasons businesses succeed is that they reach consumers first.

3) Financial savvy.

Successful startups know how to work within a budget. Managing finances and keeping a young company out of debt it can’t repay is key to becoming successful. Companies just starting out need to do more with less.

4) Well-Connected.

Just like early career builders, young startup companies can gain a leg up by knowing a few well-connected individuals. These companies use their social network for their first clients, investors, and mentors. As the old adage goes, it’s not what you know – it’s who you know.

5) Dedication.

Startups need leaders who are willing to work hard and stick to their goals. This leadership inspires others to commit to a strict work-ethic, aligned with the company’s mission. All employees must be committed and dedicated to the goal.

6) Perseverance.

Even when times get tough and the road to success offers bumps and blockages, startups need to persevere to achieve success. The majority of startups bail when money is tight or disagreements arise between founders. Successful businesses stick it out in turbulent waters and remember their end goal during difficult times.

7) Quick to Adapt.

Successful startups are comfortable with change. Leaders who know how to make smart decisions without a clear roadmap can take advantage of opportunities that more cautious companies can miss.

8) Knowing How to Attract Investors.

Money talks in the business world. Without the startup funds, companies can never get up off their feet. Smart business leaders know how to generate capital to give their million-dollar ideas a shot.

9) Confidence.

Startups need unwavering commitment to their mission and goals. Without the confidence that the company will succeed, the startup will dissolve when facing initial obstacles.

10) Efficient Time Managers.

There’s no down time when it comes to startups. If the leaders of a company are not putting in time around the clock, success is unlikely.

11) Execution.

Everyone can have a million-dollar idea. It takes moxie and strategy to put an idea into action. Knowing how to execute sets apart successful businesses from the failures.

7 Reasons Why You Should Adopt Route Optimizing Software

Businesses dealing with logistics and supply have to consider numerous factors such as driver availability, vehicle availability, weight limits, traffic conditions, dispatch times, and lot’s more while planning routes. The route should also be planned in such a way that there is minimum retracing of the same routes. It can be difficult to manually consolidate all these factors and design the best route. Secondly, the details keep changing in real-time, so it is nearly impossible to keep track of the changes and still ensure that the route is optimized.

The best way to combat all these challenges and still work out a route that serves your purposes is by using a route optimization software. If you’re still thinking that manual planning is better, take a look at these 7 reasons before you decide whether or not you should go for a route planning.

  1. Reduces time you spend on planning the route as the entire process is automated
  2. Increases the number of jobs completed on a daily basis. As the route is optimized, the drivers will be able to reach their destinations quickly and cover even more destinations
  3. Intelligently assigns resources – the software considers driver and vehicle availability while planning routes. So, the chances of missing a delivery because of these reasons are reduced
  4. Reduces delays due to traffic congestions. The route optimization software takes into considerations traffic at different times and regions to design the best route.
  5. Decreases overall costs – optimizing the route helps reduce fuel costs and vehicle maintenance costs as it reduces wear and tear of the vehicle
  6. Faster response to last minute changes – the software also considers emergency or urgent situations and assigns routes as soon as possible, minimizing delays
  7. Enhances productivity – The productivity of the entire logistics team and the other support teams increases significantly with the use of route planning software.

The Top Seven Reasons to Rent an IBC Tank Instead of Drums

Thanks to their construction and durability, intermediate bulk containers are a great alternative to the standard drum that is still so prevalent across the U.S.

The advantages of an IBC tank over a drum cover every aspect of container usage:

  • Disposal concerns
  • Product loss
  • Shipping costs
  • Labor costs
  • Liability issues

The reasons that many transporters are opting for IBCs over drums are clear:

  1. 73% reduction in container costs
    • You only need to lease one 550-gallon IBC tank vs. ten 55-gallon drums.
  2. Eradication of all pallet costs
    • IBC tanks have 3- or 4-way fork channels; pallets are not required.
  3. 90% lower labor costs
    • Time spent handling, filling, storing and transporting is reduced.
  4. 96% cut in product loss
    • Fewer containers, with sloped drains offering better drainage, mean less product loss.
  5. 55% reduction in disposal, cleaning & return freight
    • It’s much more efficient to clean and return one IBC monthly than dispose of 120 drums.
  6. 75% difference in the total annual cost for 6,600 gallons
    • $1.48/gallon for drums vs. $0.38/gallon for IBC tanks
  7. Immeasurable relief from concerns over disposal and liability
    • IBCs are reusable, environmentally friendly and less likely to be found dumped illegally.

Switching from drums to IBC tanks not only saves money but also preserves peace of mind. IBCs can reduce the number of workplace accidents and injuries, since workers use forklifts – instead of brute force — to move the tanks.

Using IBC totes in place of drums also can cut filling and handling times by as much as 80 percent: Fewer containers means less time opening and closing tanks. IBCs also drain more quickly and completely, reducing reside disposal along the way.