Category Archives: Business Strategy

Renting vs Buying Equipment

https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcSWAkARnpYGO_ihBrVnCyBUD5GwjWxZ936e_363WW_OuoZZYqQkegThere are always going to be times when, no matter how carefully an excavation company plans out a project, there simply isn’t enough equipment on hand to handle the requirements of the project without running out of time. The choices at this point are clear – rent the machines you need or buy them. It is however, not easy to make these types of decisions, thanks to several factors that you will need to consider, and uncertainty about the business conditions you will face in the future.

Equipment Rental Pricing: Its no secret that rental companies make a killing with the equipment they rent out. Most companies will rent on a daily or weekly basis, which is good for them but can be bad for you. Depending on what area you work in, the price can be very high or just right. Continue reading

Managing IT Projects Offshore

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcRwSkl8G33VEp01b5aDesUQaoh95frRIOYR8gvDSM3N9__pBvi5MQMany organisations have moved their Information Technology (IT)/software development offshore to reduce costs and increase competitiveness because of more working hours due to time zone differences. Work is sent to places such as India, China and Russia. The cost savings from doing IT projects in these countries is considerable but the monetary saving is only a small part of the equation. Running projects offshore is very different to running them at home turf. Having seen many projects over the past few years, it has become clear that similar problems/issues are arising time and time again. Understanding these before you start any kind of offshoring project will help you get better results from your plan. These are six of the key areas to consider and where most of the issues lie when offshore outsourcing. Continue reading

Should You Start Your Own Business?

https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcQoQGiPdVTgIIfg2-Te9dWSYZOlcPv_1HGrAHZX83JaJQgR1H4xOne of the most commonly spoken/unspoken questions from people is (what if) I start my own business? Starting and running a business is tough and will need a lot of time and energy. So the answer is never the same for two people. It depends on what your goals are. Are you unsatisfied with your current job? Or do you feel there is a lot more you can do if you could decide the direction of your efforts? While it is more than possible for you to find, apply for, and be awarded a new job, did you know that is not your only option? Have you ever thought about starting your own business? If this is a thought that has yet to cross your mind, you may want give starting your own business some serious consideration.

If you are serious about starting your own business or at least learning if running your own business is something that you are capable of doing, please continue reading. A few important points to be considered by those who are interested in leaving the traditional workplace to start a business are as follows: Continue reading

5 Internet Marketing Strategies for Small Businesses

https://encrypted-tbn0.google.com/images?q=tbn:ANd9GcSR1P-GhSSx44YzRhEv9ZHA1gUdve1w-JvcoYBs7K2Iilp6HgAdIn this weak economy, when even large companies with billions in bank balance are struggling to maintain sales and profits, one can imagine the difficult situation faced by small businesses. It is hard to run a small business, and there’s always something new to do. Internet marketing is yet another thing to do, but if you make some time for internet marketing, you can do even better with your business. The internet provides a great place to sell your products to an audience larger than you will experience anywhere else. Following are 5 Internet Marketing Strategies  that can increase visitors to your site and increase your sales. Continue reading

Lehman Brothers Case Study

This is an ongoing post to study what exactly happened to Lehman Brothers.

Sep 15, 2008: Lehman Brothers was the 4th largest investment bank in the world. Why was Hank Paulson smiling the day Lehman Brothers was declared bankrupt? Did he play a role in the denial of US Govt support for Lehman Brothers at a critical juncture? Nobody knows that. But what one surely knows is that Hank Paulson is ex-Goldman Sachs and Goldman Sachs is a long term beneficiary of Lehman Brothers fall. Agreed that Lehman had much higher leverage (about 40x) than its peers (20x), so their balance sheet was much higher in risk. But if US Govt could support other large financial organizations like AIG, Fannie Mae and Freddie Max, maybe they should have offered some “short term support” to Lehman Brothers too. In credit crunch situation, time is all that one needs, and with a bit of time, Lehman could have got a chance to get sell some of its assets to raise capital or raise fresh capital from its long term investors globally. The US Govt’s/ Fed’s attitude of “not a single dollar to support you” towards Lehman Brothers was not logical and it harmed the global financial markets, including US economy. Continue reading