When it comes to making important financial decisions in business that will impact the bottom line, the decision to finance a business vehicle over a direct purchase is at the forefront of every business owners’ mind. Additional concerns such as liquidity, long-range forecasting, and countless other thoughts begin bouncing around. Decisions in business should always be grounded on numbers, not on impulses, so it becomes vital to make strategic choices that will enable or contribute to the bottom line rather than detract.
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No two business owners in the UK will have exactly the same experience when it comes to running their company, but there are some concerns that will be nationwide. Let's take a look at five problems that any and all business owners in the UK may be finding himself or herself up against.
Last April, the UK Government announced a new fine system for drivers caught speeding. The new regulations now meant that the value of the fine would be tied directly to the driver's annual income. As such, the amount you can be fined often depends on your job. One year later, we've decided to take a closer look at the implications of this and which vocations were hit hardest by the new speeding fines.
The United Kingdom workforce is expected to receive a pay boost from April 1st when new National Living Wage changes come into effect. At last November’s Budget, the chancellor announced that the National Living Wage would increase 4.4% for those aged 25 or over. To help business owners understand what the changes will mean and how it will affect their bottom line we’ve compiled a quick and easy guide below.
With the clocks going forward on March 25th, we decided to explore whether it influences commuter driving habits to and from work and, more importantly, what impact could it have for businesses with commercial vehicles.
With Valentines Day just round the corner here's 5 reasons why our customers love their RAM Tracking!
Any business who has some sort of company fleet will admit that this part of the business can be the backbone of the operations side. It’s the difference to completing a transaction with a customer or client, and essentially, without it, a business could struggle to deliver products or even end up paying out far more than needed for someone else to deliver for them. So protecting these assets are vital, and a vehicle tracking system could help you do just that.
It’s the start of a brand-new year, which means 365 new possibilities for your business! As a fleet manager, have you thought about your business resolutions? What you can do to improve and run your fleet of vehicles more efficiently? Following on from the big changes last year, utilising new technologies, such as a vehicle tracking system, will be essential in helping you achieve this.
Mobile phones have become such an integral part of our day to day lives that times in which we didn’t all have and rely on mobile phones are becoming hard to recall. As you would no doubt expect, as times of the 21st century change and evolve, as does the legislation surrounding this modern day living.
Technology is advancing at an alarming rate. It may only seem like a few years ago that we lived in a world where a mobile phone wasn’t as well-used as it is today. That letters were sent instead of phone calls being made. But nowadays we order our food shopping online and have it arrive within a particular time slot chosen by yourself. We order clothes online, furniture to be delivered and things these days are very much online. Even updating statuses on various different social media platforms so anyone knows exactly what we are up to. But while this technology is advancing on a consumer level, there is more vehicle technology trends that are going to coincide with how we live our lives moving forward. So without further ado here are five fleet vehicle technology trends to look out for or even embrace within your own fleet.
- Benefits of Finance Business Vehicles over direct purchase
- 5 National Concerns that Affect the Business World in 2018
- One year later: How have income-based fines impacted business fleets?
- New National Living Wage Rates
- How will the clocks going forward affect your fleet of vehicles?
- 5 reasons why our customers love RAM’s vehicle tracking
- How can vehicle tracking protect against theft?
- New Year’s Resolutions for Fleet Managers
- Using your mobile phone whilst driving? You don’t know what you don’t know…
- Top 5 fleet vehicle technology trends