KPI or Key Performance Indicator metrics translate complex measures into simple indicators, which allow decision makers to quickly and efficiently assess the situation and come up with an answer. For them to work smoothly in your business, you need to bear in mind a singularly key point – all KPI’s need to be actionable. Which means, they should report on the metrics that matter to your organization. While the decision maker might have the final say in deciding on which KPI’s to select (and which to reject), all department heads should be involved in suggesting strategic indicators that would work best for their department.
To understand which kind of KPI would work best for you, you first need to define the site you have. Note, if your company has a website which serves multiple functions, it may be more difficult to identify success measures for the site. Similarly, if your … Read More
There is an easier way to do business, make more money, save time, increase efficiency, and streamline operations of your self-service car wash. The solution involves hiring on some additional help. This new help will never lie, never steal, never show up to work with a hangover, and always show up to work on time. It may be time to consider how advances in software solutions might improve your business.
Like all things in business, you’re growing or you’re dying, succeeding or failing, improving your business or becoming complacent. The car washing industry is becoming increasingly competitive as new investors and entrepreneurs enter the arena of building car washes bringing new ideas and new technologies to the table. New car washes are being built by the ‘Pepsi Generation’ that understands modern marketing, promotions, and most importantly, how to make technology work for them to maximize their business potential.
There have … Read More
The car rental industry is a multi-billion dollar sector of the US economy. The US segment of the industry averages about $18.5 billion in revenue a year. Today, there are approximately 1.9 million rental vehicles that service the US segment of the market. In addition, there are many rental agencies besides the industry leaders that subdivide the total revenue, namely Dollar Thrifty, Budget and Vanguard. Unlike other mature service industries, the rental car industry is highly consolidated which naturally puts potential new comers at a cost-disadvantage since they face high input costs with reduced possibility of economies of scale. Moreover, most of the profit is generated by a few firms including Enterprise, Hertz and Avis. For the fiscal year of 2004, Enterprise generated $7.4 billion in total revenue. Hertz came in second position with about $5.2 billion and Avis with $2.97 in revenue.
Level of Integration
The rental … Read More
Choosing the right web design company is crucial for your small business. You need to do enough research before you choose a web design company, because a well structured website that has a good design and layout attracts, engages and retains visitors; whereas a poorly designed website can drive away your prospective customers. Therefore, you need to be sensible while choosing a web designing company for your business.
In this article, we discuss some of the things you need to consider before you hire a web design company for your small business website.
Technical and marketing skills:
A good company will have skilled professionals in web design and development, SEO and content. These are very important apply while designing your website. While these are the minimum set of criteria, creativity is an important thing to consider when choosing a company. Check for the company’s portfolio (list of websites designed already).… Read More
It’s a true fact that it’s not where you are born or whom you are born to that determines how your life will be. Its what you do with your life that determines how your life will be. Not long ago, Forbes Magazine publishes a special report on The World’s Billionaires. It’s a snap shot of who’s who of the super rich.
I have the privilege of studying their life stories and observe that many of them started out as either a poor boy from the neighborhood or a high school dropout. In this article, you too will have the privilege to read about them and hopefully get inspired by Their Billionaire Story.
The IKEA Story
IKEA Founder Ingvar Kamprad made headlines in early 2004 when Swedish business magazine Veckans Affarer reported that he had surpassed Bill Gates as the world’s wealthiest person. While IKEA’s unconventional ownership structure makes this … Read More