Post Tagged with: "business"

Fastener Materials: A Look at Different Types

SteelIn construction, each part to make a whole, no matter how small or simple it is, matters. Therefore, part of usual maintenance instructions in machines is the checking of screws and bolts, aside from the usual inspection of bigger parts.

Like main parts, however, small fastening tools are also made up of different materials. Your supplier might recommend stainless steel bolts and nuts for one project and brass bolts and nuts for the other.

But why is there a need for such distinction? 

Steel

This is the most common fastener material due to its strength and durability. Steel fastener comes in a variety of types, like stainless steel, galvanised steel, and alloys, among others. It also comes in various bolt grades: Grade 2 is the standard bolt type usually found in hardware stores.

Grade 5 is stronger than Grade 2 and people use them in automotive materials, while Grade 8 is stronger than Grade 5 and used for more demanding automotive parts.

Aluminium

This is the least costly among all the other types of fastener metals, known for its light, soft and corrosion resistant properties. Aluminium fasteners also come in different grades and are sometimes equal or exceed the tensile strength of mild steel.

Brass

Brass can easily be shaped into anything and still remains strong and durable. It is nonmagnetic and has a higher degree of lustre. Unlike steel and aluminium, however, brass is worked by using cold temperature.

Copper

Copper has a high conductivity and malleability. Aside from that, copper is also a popular choice in construction because it is corrosion resistant. Although classified as non-precious metal because the world is abundant is copper supply, the quality of fasteners from copper is also notable.

So, the next time you have a construction project, take note of the fasteners that you will be using. They play a huge role in the success of your project. 

December 5, 2017 at 1:00 amInfo Tech

4 Tips on Fixing Cash Flow Problems

Sources of cash flowEvery business requires cash to run the daily operations of their business. Therefore, if there’s a cash flow problem, it’s important to fix them as soon as possible. Otherwise, you may run into problems with your creditors and ground your daily operations. Here are some ways to help you do that fix:

Send invoices as soon as you’re done

Invoice your clients as soon as you complete the service or deliver the goods. If you delay, chances are your invoices will get to the customer when the invoice payout date has already passed. You will have to wait for some time, causing strain on your cash flow.

Upsell your goods and services

Seek ways to improve revenue by encouraging customers to buy more or in bigger sizes. You may buddle up services and goods or give a discount if the customer buys them as a package. You can also cross-sell to a customer (if possible) to get you more money.

Negotiate with your creditors

Request your creditors to give an extended period to pay your lines of credit. This will reduce the pressure on your cash at hand, enabling you to handle the most pressing needs of your business.

Look for alternative funding

Look for a short loan or a bank overdraft to solve cash flow challenges. ARF Financial and other financial experts suggest considering flex credit loans, for instance. You may also seek supplier financing and small business grants offered by the government and other lending institutions.

Find ways to ensure that there’s enough cash for your daily business operations to survive. Pay variable costs as well as part of other lines of credit. These can help run your business smoothly and avoid late repayment penalties.

December 2, 2017 at 1:00 amFinance

Tips for Improving Merchandise Sales in Your Store

A manager at a sales meetingRunning a merchandise store is often rewarding. You meet new people, sell products you love, and earn more profit from doing so. However, you can only make a profit if you sell your merchandise correctly. There are at least a few ways you can improve your merchandise sales for improved profitability.

Increase Visual Appeal

Visual merchandising is one of the most critical elements for any retail store. Fortunately, RMS Shopfitters can help you do just that. A lineup of visual displays, which includes showcases, acrylic displays, and more can highlight your products to make them more visually appealing to customers.

Provide Friendly Service

Make sure the staff you hire in your sale offers friendly service. For instance, customers are more likely to purchase merchandise from your store if they receive a friendly greeting when they first enter. Staff members should provide friendly, helpful service with a smile to make customers feel welcomed and comfortable to help increase sales.

Make Use of Advertising

Make sure you advertise your merchandise properly. Highlight any sales or specials you have going on to attract more customers. More customers mean more sales, which is exactly what every retail store needs. Advertising helps draw the attention of customers, so they are driven to your store to make purchases.

Setup Product Samples

Depending on what you’re selling, product samples can work wonders. For instance, if you sell a line of beauty products, such as makeup, perfume, or body and hair care products, you should set up a sample booth or kiosk. Samples allow your customers to try the product before they buy, which then entices them to make a purchase, thereby increasing sales.

Increasing your merchandise sales should be a top priority. Retail businesses often face stiff competition. To stay ahead of the game, you need to make sure your merchandise sells, so you earn a profit.

November 24, 2017 at 10:20 pmStraight Market