Building the Basics of a Haulage Business

Building the Basics of a Haulage Business

As with any enterprise, when it comes to making it big in the transport and logistics industry, there are myriad factors to consider when you set up a new business. Passion for driving and determination to make a living from self employed haulage jobs are vital ingredients to your success, but if you’re looking for a sustained, long term career in the industry you need to nurture and grow your business.

Mirror a Successful Business Model

The transport industry is one sector where imitation is the best way of establishing yourself in what is, by nature, a very competitive space. While you may not consider yourself on the same plane as the global movers and shakers like DHL, CEVA or the DB Group, there’s a reason companies like these have become such giants in the industry. Research the roots, history and growth of your corporate heroes and you’ll see a host of basic commonalities that every successful logistics business follows. While taking on a few haulage jobs may not be on the same scale (at first!), studying such effective models and establishing your own small enterprise on the same foundations and building blocks will set you on the right course from the get-go.

Write a Business Plan

You know how the lyrics go: “You’ve got to have a dream, if you don’t have a dream, how’re you going to make a dream come true?” But in the world of business (especially a new business), having a dream is not enough – you also have to have a plan. You wouldn’t set out on a trans-world adventure without a road map or GPS, so how could you consider setting out on the most important financial journey of your life without a decent road map or co-ordinates?

The idea of writing a business plan sends shivers up the spine of many new entrepreneurs, but without it you’ll be driving blind. If you really can’t face the idea of doing it yourself, you can, of course, employ a professional. However, any expert will tell you that writing your own plan is an integral part of laying the foundations and reinforcing not only your goals and targets, but also the fundamental ethos of your business.

Creating a basic road map of where you’re going and the steps required to get there isn’t only important for your own sake but if you’re heading to a financial institution cap in hand to rustle up some capital, a sustainable, working business plan is the very first thing they’ll ask to see.

Network, Network, Network – and Keep on Networking

Even the best-laid plans can come to nothing if you can’t find the right people to work with.

Networking doesn’t have to mean attending events, trying to slip your business card into the breast pocket of CEOs. Today’s networking is about a more holistic approach of connecting with peers and potential customers through social media and community. For the transport industry, the most effective and instant way of networking is via an online freight exchange – where users up and down the supply chain can not only interact in real time to trade cargo and haulage jobs, but also connect with their peers to forge mutually-beneficial relationships.

Anyone starting a new business doing haulage jobs will inevitably encounter challenges along the way, however, if one approaches the venture with purpose and planning, it can be an exciting and lucrative industry to be a part of.

On Track Supply Chain – Delivering Parcels By Rail

On Track Supply Chain – Delivering Parcels By Rail

The courier industry is always growing, changing, and becoming more competitive. Retailers are always on the lookout for the fastest, most convenient way to get their goods to customers, and if you’re in the logistics industry, this might mean that your next contract involves a little travel by train!

Amazon Sets the Benchmark

In December 2014, online retail giant Amazon caused a splash announcing its newest superfast delivery service, Prime Now, that promises to get parcels to the buyer in one hour or less. At the time of the announcement, Prime Now was only offered in New York City, but over the past year, the service has expanded to include many parts of the United States and United Kingdom.

How Do they Do It?

But how can a retailer guarantee a delivery in only 60 minutes? In the case of Amazon and New York City, the couriers (who work under a self-employed courier contract) making the deliveries have been using the city’s subway system to circumvent the gridlocked street traffic. The move has couriers in Britain’s capital wondering: could the London Underground and trains be next?

Parcels on the Tube?

Some local courier firms see a future for a specialised delivery service using Britain’s existing rail infrastructure. London-based international courier ParcelHero says that parcel delivery via subway makes sense, as underground trains are typically faster than using the roads above them. Furthermore, ParcelHero says that underground stations are the perfect place to install parcel lockers, which commuters can use to collect their deliveries without making an extra trip.

Back to the Future

The integration of parcel delivery service and rail isn’t exactly new to Britain. Between 1963 and 1999, you could send express registered mail and parcels through Red Star, a British Rail service that used passenger trains to transport parcels throughout the UK. Royal Mail also used to operate Travelling Post Offices (TPOs) – mail trains in which post was sorted en route – but those services ended in early 2004.

Though these rail-delivery services are no longer in business, mainline and underground rail stations are increasingly becoming key points for the retail and courier industries. Amazon has parcel lockers at Finchley Central and Newbury Park Underground stations, for example, and grocers like Waitrose have similar collection lockers at underground and mainline stations, as well as at service stations.

Delivery’s a Doddle

In 2013, Network Rail, which manages 18 of the biggest stations across Britain, partnered with British entrepreneur and philanthropist Lloyd Dorfman to roll out parcel shops at mainline stations across the country. The joint venture, called Doddle, has been immensely successful in large urban rail stations, where commuters can pick up parcels on their way to or from work.

But what does this shift toward using rail stations as depots mean for the couriers doing the actual delivery? Should they expect rail station deliveries to be a regular part of their next courier contract? It’s on the cards. With convenient, accessible collection lockers in train stations, couriers may indeed be making fewer trips to the post office and more to major transportation hubs. Delivery drivers working under a self-employed courier contract from Amazon or a similar online retailer might soon find themselves riding the tube with the nine-to-five commuter crowd to deliver a parcel at top speed.

In an industry so reliant on quick and reliable service, delivery by rail just might be the next big thing – and that’s only good news for the industry. Watch this space…

The Importance of Color of Your Signs

The Importance of Color of Your Signs

The signs you use say a lot about your company, your products and the message you want to convey to your customers and clients. They tell your customers and clients who you are, it communicates what you do, it helps create your brand identity and encourages loyalty.

Depending on your signage, all of these messages can be conveyed through text or visuals. However, the colors you use in your signs and visual graphics are also effective at provoking a response from your customers.

Here are some examples of how colors can send a very valuable message to your customers and what each color conveys.

The color yellow puts your clients in a good mood, it drives positive energy and generally leaves people feeling happy, alive and fresh, especially if it’s used as a standalone color.

Red is usually linked to romance and passion. It is the iconic color that makes you think of hearts, roses and all things romantic. However, red can actually also make people feel more intense, it makes them feel more emotional, which can be a plus for certain brands.

The color green is synonymous with the pro-environment movement for a cleaner way of life. Green is also linked to general feelings of freshness. This may be a good choice for a company that is either just starting out or rebranding. It also signifies health, making it popular for signs relating to food and nutrition.

Interior designers recommend you paint your work space blue. Research shows this is a good idea because blue makes people feel more calm, relaxed and trusting. This is why several healthcare providers use blue in their signage.

Purple makes people subliminally think of luxury, nostalgia and power making it the perfect option when looking to convey prestige. It will set your brand apart from the rest as a higher-end option.

Similar to yellow, orange has many of the same positive qualities. Orange generally makes people feel joyful and optimistic about their surroundings and will do the same for your brand. It is also proven to stimulate creative activity and entice people to feel more enthusiastic and determined.

Each of these colors will entice a unique response in your customers and clients. So how do you choose the right colors for your sign? The answer depends on your brand, products, market and, above all, what you want to communicate. Consider all of these options carefully, because sometimes the colors in signs and visual graphics are able to speak louder than words.

Finance, Credit, Investments – Economical Categories

Finance, Credit, Investments – Economical Categories

Scientific works in the theories of finances and credit, according to the specification of the research object, are characterized to be many-sided and many-leveled.

The definition of totality of the economical relations formed in the process of formation, distribution and usage of finances, as money sources is widely spread. For example, in “the general theory of finances” there are two definitions of finances:

1) “…Finances reflect economical relations, formation of the funds of money sources, in the process of distribution and redistribution of national receipts according to the distribution and usage”. This definition is given relatively to the conditions of Capitalism, when cash-commodity relations gain universal character;

2) “Finances represent the formation of centralized ad decentralized money sources, economical relations relatively with the distribution and usage, which serve for fulfillment of the state functions and obligations and also provision of the conditions of the widened further production”. This definition is brought without showing the environment of its action. We share partly such explanation of finances and think expedient to make some specification.

First, finances overcome the bounds of distribution and redistribution service of the national income, though it is a basic foundation of finances. Also, formation and usage of the depreciation fund which is the part of financial domain, belongs not to the distribution and redistribution of the national income (of newly formed value during a year), but to the distribution of already developed value.

This latest first appears to be a part of value of main industrial funds, later it is moved to the cost price of a ready product (that is to the value too) and after its realization, and it is set the depression fund. Its source is taken into account before hand as a depression kind in the consistence of the ready products cost price.

Second, main goal of finances is much wider then “fulfillment of the state functions and obligations and provision of conditions for the widened further production”. Finances exist on the state level and also on the manufactures and branches’ level too, and in such conditions, when the most part of the manufactures are not state.

V. M. Rodionova has a different position about this subject: “real formation of the financial resources begins on the stage of distribution, when the value is realized and concrete economical forms of the realized value are separated from the consistence of the profit”. V. M. Rodionova makes an accent of finances, as distributing relations, when D. S. Moliakov underlines industrial foundation of finances. Though both of them give quite substantiate discussion of finances, as a system of formation, distribution and usage of the funds of money sources, that comes out of the following definition of the finances: “financial cash relations, which forms in the process of distribution and redistribution of the partial value of the national wealth and total social product, is related with the subjects of the economy and formation and usage of the state cash incomes and savings in the widened further production, in the material stimulation of the workers for satisfaction of the society social and other requests”.

In the manuals of the political economy we meet with the following definitions of finances:
“Finances of the socialistic state represent economical (cash) relations, with the help of which, in the way of planned distribution of the incomes and savings the funds of money sources of the state and socialistic manufactures are formed for guaranteeing the growth of the production, rising the material and cultural level of the people and for satisfying other general society requests”.
“The system of creation and usage of necessary funds of cash resources for guarantying socialistic widened further production represent exactly the finances of the socialistic society. And the totality of economical relations arisen between state, manufactures and organizations, branches, regions and separate citizen according to the movement of cash funds make financial relations”.
As we’ve seen, definitions of finances made by financiers and political economists do not differ greatly.
In every discussed position there are:

1) expression of essence and phenomenon in the definition of finances;

2) the definition of finances, as the system of the creation and usage of funds of cash sources on the level of phenomenon.

3) Distribution of finances as social product and the value of national income, definition of the distributions planned character, main goals of the economy and economical relations, for servicing of which it is used.

If refuse the preposition “socialistic” in the definition of finances, we may say, that it still keeps actuality. We meet with such traditional definitions of finances, without an adjective “socialistic”, in the modern economical literature. We may give such an elucidation: “finances represent cash resources of production and usage, also cash relations appeared in the process of distributing values of formed economical product and national wealth for formation and further production of the cash incomes and savings of the economical subjects and state, rewarding of the workers and satisfaction of the social requests”. in this elucidation of finances like D. S. Moliakov and V. M. Rodionov’s definitions, following the traditional inheritance, we meet with the widening of the financial foundation. They concern “distribution and redistribution of the value of created economical product, also the partial distribution of the value of national wealth”. This latest is very actual, relatively to the process of privatization and the transition to privacy and is periodically used in practice in different countries, for example, Great Britain and France.

“Finances – are cash sources, financial resources, their creation and movement, distribution and redistribution, usage, also economical relations, which are conditioned by intercalculations between the economical subjects, movement of cash sources, money circulation and usage”.
“Finances are the system of economical relations, which are connected with firm creation, distribution and usage of financial resources”.

We meet with absolutely innovational definitions of finances in Z. Body and R. Merton’s basis manuals. “Finance – it is the science about how the people lead spending `the deficit cash resources and incomes in the definite period of time. The financial decisions are characterized by the expenses and incomes which are 1) separated in time, and 2) as a rule, it is impossible to take them into account beforehand neither by those who get decisions nor any other person” . “Financial theory consists of numbers of the conceptions… which learns systematically the subjects of distribution of the cash resources relatively to the time factor; it also considers quantitative models, with the help of which the estimation, putting into practice and realization of the alternative variants of every financial decisions take place” .

These basic conceptions and quantitative models are used at every level of getting financial decisions, but in the latest definition of finances, we meet with the following doctrine of the financial foundation: main function of the finances is in the satisfaction of the people’s requests; the subjects of economical activities of any kind (firms, also state organs of every level) are directed towards fulfilling this basic function.

For the goals of our monograph, it is important to compare well-known definitions about finances, credit and investment, to decide how and how much it is possible to integrate the finances, investments and credit into the one total part.

Some researcher thing that credit is the consisting part of finances, if it is discussed from the position of essence and category. The other, more numerous group proves, that an economical category of credit exists parallel to the economical category of finances, by which it underlines impossibility of the credit’s existence in the consistence of finances.

N. K. Kuchukova underlined the independence of the category of credit and notes that it is only its “characteristic feature the turned movement of the value, which is not related with transmission of the loan opportunities together with the owners’ rights”.

N. D. Barkovski replies that functioning of money created an economical basis for apportioning finances and credit as an independent category and gave rise to the credit and financial relations. He noticed the Gnoseological roots of science in money and credit, as the science about finances has business with the research of such economical relations, which lean upon cash flow and credit.
Let’s discuss the most spread definitions of credit. in the modern publications credit appeared to be “luckier”, then finances. For example, we meet with the following definition of credit in the finance-economical dictionary: “credit is the loan in the form of cash and commodity with the conditions of returning, usually, by paying percent. Credit represents a form of movement of the loan capital and expresses economical relations between the creditor and borrower”.

This is the traditional definition of credit. In the earlier dictionary of the economy we read: “credit is the system of economical relations, which is formed while the transmission of cash and material means into the temporal usage, as a rule under the conditions of returning and paying percent”.
In the manual of the political economy published under reduction of V. A. Medvedev the following definition is given: “credit, as an economical category, expresses the created relations between the society, labour collective and workers during formation and usage of the loan funds, under the terms of paying present and returning, during transmission of sources for the temporal usage and accumulation”.

Credit is discussed in the following way in the earlier education-methodological manuals of political economy: “credit is the system of money relations, which is created in the process of using and mobilization of temporarily free cash means of the state budget, unions, manufactures, organizations and population. Credit has an objective character. It is used for providing widened further production of the state and other needs. Credit differs from finances by the returning character, while financing of manufactures and organizations by the state is fulfilled without this condition”.

We meet with the following definition if “the course of economy”: “credit is an economical category, which represents relations, while the separate industrial organizations or persons transmit money means to each-other for temporal usage under the conditions of returning. Creation of credit is conditioned by a historical process of fulfilling the economical and money relations, the form of which is the money relation”.

Following scientists give slightly different definitions of credit:
“Credit – is a loan in the form of money or commodity, which is given to the borrower by a creditor under the conditions of returning and paying the percentage rate by the borrower”.
Credit is giving the temporally free money sources or commodity as a debt for the defined terms by the price of fixed percentage. Thus, a credit is the loan in the form of money or commodity. In the process of this loan’s movement, a definite relations are formed between a creditor (the loan is given by a juridical of physical person, who gives certain cash as a debt) and the debtor.
Combining every definition named above, we come to an idea, that credit is giving money capital of commodity as a debt, for certain terms and material provision under the price of firm percentage rate. It expresses definite economical relations between the participants of the process of capital formation. Necessity of the credit relations is conditioned, from one side, by gathering solid quantity of temporarily free money sources, and from the second side, existence of requests of them.

Though, at the same time we must distinguish two resembling concepts: loan and credit. Loan is characterized by:

o Here, the discussion may touch upon transmission of money and also things form one side (loaner) to another (borrower): a)under the owning of the borrower and, at the same time, b) under the conditions of returning same amount or same quantity and quality of the things;

o The loaning of money may bear no interest;

o Any person may take part in it.
With the difference with loan, credit, which is somehow a private occasion of the loan, represents:

o One side (loaner) gives to the second one (borrower) only money, and _ for temporal usage;

o It may not bear no interest (if the assignment doesn’t foresee something);

o In it creditor is not any person, but a credit organization (at the first place, banks).
So, a credit is the bank credit. To our mind, it is not correct to use “credit” and “loan” as the synonyms.
Banking crediting is the union of relations between bank (as a creditor) and its borrower. These relations touch upon:

a) Giving a certain amount of money to the borrower for definite purpose (though, we meet with the so-called free credits, aims and objects of crediting are not appointed in the assignment);

b) Its opportune returning;

c) Getting percentage rate from the borrower for using the sources under his/her disposal.
The essential foundation of the credit essence and its important element is existence of trust between the two sides (in Latin “credo”, from which comes the word “credit”, means “trust”).
From the position of circulation of money forms (in the abstraction, historical process of formation economical relations and social budget and banking systems expressed by them) comparing different definitions of finances and credit, the paradox conclusion appears: credit is the private occasion of finances. And truly, from the position of movement of the money forms, finances represent the process of formation and usage of the funds of cash means. Very often such movements are fulfilled without returning, but sometimes, it is possible to give loans from the budget for the investment projects of other needs. Also, when a manufacture or corporations use their cash funds and we mean the finances of industrial subject, such usage may be realized as inside the manufacture or corporation (there is no subject about returning or not returning of the usage), so gratis under conditions of returning. This latest is called commercial form because of transmitting the sources to others, but even in this occasion, it is the element of financial system of the manufacture and corporation.

From the point of cash means movement, main character of credit is the process of formation and usage of the funds of cash means under the conditions of returning and, as a rule, taking the value-percentage. If gating the credit value doesn’t take place (even in the exceptional occasions), according to the movement form, credit becomes a private occasion of finances, as from the net financial funds (consequently from the state budget) the loans which bear no interests may be used. If gating credit value takes place, by the appearance form, credit is discussed to be financial modification.

From the historical point of view, finances (especially in the sort of the state budget) and credit (beginning with usury, later commercial and banking) were developing differently for considering credit to be the part of finances. Though, from the genetic-historical point of view, previous loaners, before giving loan, needed gathering the permanent capital not returning, that is the net financial foundation. The banks analogously needed concentration of the important own capital for influxing the consumers’ means and for getting higher percentage rate under the conditions of returning. Herewith, exactly on the financial basis, in the sort of financial fund (which later partially becomes loan fund) part of the bank capital appears to be the reservation (insurance) part of the fund, which by nature is financial and not loan. So notwithstanding the essential distinctions between finances and credit form the genetic-historical point of view, credit appears to be formed from finances and represent their modification.

From the essential position of expressing economical relations of finances and credit, we meet with cardinal distinctions between these two categories. Which mostly expressed by the distinction of the movement forms notwithstanding they are returnable or not. Finances express relations in the aspects of distribution and redistribution of social product and part of the national wealth. Credit expresses distribution of the appropriate value only in the section of percentage given for loan, while according to the loan itself, a only a temporal distribution of money sources takes place.
Herewith, there is a lot of common between the finances and credit as from the essential point of view, so according to the form of movement. At the same time, there is a significant distinction between finances and credit as in the essence, so in the form too. According to this, there must be a kind of generally economical category, which will consider finances and credit as a total unity, and in the bounds of this category itself, the separation of the specific essence of the finances and credit would take place.

Funding of the cash means is common to the researched economical categories. It takes place in any separate system of finances and credit, which have been touched upon during the analyses of defining finances and credit. Word combination “funding of the cash sources (fund formation)” reflects and defines exactly essence and form of economical category of more general character, those of finances and credit categories. Though in the in economical texts and practice, it is very uncomfortable to use a termini, which consists of three words. Also, “unloading” with an information hardens greatly its influxing into the circulation even in the conditions of its strict substantiation and thoroughness.
In the discussing context we consider:

1) wide and narrow understanding of economical category of the finances;

2) discussing finances in narrow understanding under general traditional meaning;

3) discussing finances, as funding of the cash means, in wide understanding, which concerns finances – in narrow meaning and credit – in complete meaning.
Termini “funding” and its equivalent “fund formation” are used by us as the purposeful structuring of cash means, which is based on two poles – accumulation of money sources (gathering) and its usage for definite purpose in the way of financing and crediting.
We have established a new termini – “finance-investment sphere” (FIS). Analyses about interrelation of finances and credit made by us give us an opportunity of proving, that in the given termini, the word “financial” is used with the meaning of funding cash sources, its purposeful structuring. In this process we consider at the same time financial, credit and investments’ economical categories.

Let’s sum up middle results of discussing new concept – “finance-investment sphere” and discuss its investment consisting parts.

The concept “investments” was brought into the native economical science from the West. In the Soviet economical science they for a long time used in the place “investments” the termini “capital placement”, which expressed the usage of the industrial factors in the sphere of real industrial activities during realization of capital projects. From one glance, this termini in its concept is identical to the “investments”, consequently it is possible to use them as synonyms. Though the termini “investments” and “investing” have the advantage towards the termini “capital placement” from linguistic and philological points of view, because they are expressed with one word. This is not only economical and comfortable in the process of working with the termini “investment” itself, but also it gives an opportunity of termini formation. More concretely: “investment process”, “investment domain”, “finance-investment sphere” – all these termini are much more acceptable.
Changing native economical termini with foreign ones is purposeful, if it really matters (by keeping parallel usage of the native termini for the inheritance). Though we must not change native economical termini into foreign ones all together, when by ordinal traditional language easy to explain private and narrow concrete processes and elements get their own termini. The “movement” of these termini is approved in the narrow professional bounds, but their “spitting out” into the economical science may turn economical language into the tangled slang.

Let’s discuss termini – “investment” and “capital placement’s” usage in the economical literature.
Investments are placement of funds into the main and circulation capital for the purpose of getting profit. “Investments in material assets – are the placements of funds into the mobile and real estate (land, buildings, furniture and so on). Investments in financial assets are the placements of funds into the securities bank accounts and other financial instruments”.

We don’t meet with the termini “investments” in the earlier economical dictionary, but we meet the combined termini “investment policy” – the union of the industrial decisions, which guarantee main directions of the capital investments, the activities of their concentration in the determinant suburbs, on which the reaching of planned rates of development of the society production is depended, balancing and effectiveness, getting more and more production and profit of the national income for every lost Ruble”. For today, in the most actual definitions, the capital investments are bounded only by financial means, when not only financial, but also the investment of natural, material-technical and informational resources takes place. Labour resources take an actual place in the investment process. They themselves fulfill this or that investment process.

A positive side of the discussed definitions is that they connect investment policy and capital placements (investments):

– economical development according to the key directions to the concentration;

– providing high rates of economical growth;

– raising an economical effectiveness, which is expressed:

a) by growing the throw off of the production and national income for every lost Ruble;

b) by fulfilling the branch structure of the investments;

c) by improving their technological structure;

d) by optimization of their further production structure.

Compared with such definition of the investments (capital placement) the definition of investments in the dictionary attaching the “Economics” seems to be unimproved: “investments – the expenses of gathering production and industrial means and increasing material reserve”. In this definition current expenses (production expenses) are mixed with the investment (capital) expense. Also, not the investment expenses but (though the investments are followed by the appropriate expenses) exactly advancing. It differs from the expenses by that the means (means) are put by returning the advanced values, also, under the conditions of growth, to which the concept-advanced capital is corresponding. the advancing may be realized in the money, natural-material and informational forms.

Except the termini “investments”, there are two more termini related with the investment. They are shown below.

“Human capital investment” – any activity provided for rising the workers labour productivity (in the way of growing their qualification and developing their abilities); at the expenses of improving the workers’ education, health and raising the mobility of the working forces”. It is very useful to use the mentioned termini, though it needs one correction: the human capital investments do not concern only workers, but also the servants, representatives of every kind of labour.
“Investment commodity, capital goods – a capital.”

In the official manuals of political economy of the reformation time the capital investments are discussed as “expenses for creating new main funds and widening, reconstruction and renewing the active ones”. In this definition the investments (capital placements) during separation of the forms (types) of further production of the main funds are bounded only by main funds (without increases of the circulation funds and insurance reserves):

a) creating new ones;

b) widening;

c) reconstruction;

d) renewing.

Also, the concept of the industrial gathering appears, at the expenses of widening of basic, circulation funds and also insurance reserves takes place”.

You’ll meet below the definitions of investments from “the course of economy”: the investments are called “placements of fund into the basic capital (basic means of production), reserves, also other economical objects and processes, which request long-termed influxing of material and cash means. “According to the division of capital into physical and money forms, the investments too must be divided into material and cash investments”.

They apportion investment commodity, to which belong industrial and nonindustrial building objects, vehicles purposed for changing or widened technical park and the furniture, increasing reserves and others.

“They call the total investments of production an investment product, which is directed towards keeping and increasing the basic capital (basic means) and reserve. Total investments consist of two parts. One of them is called the depreciation; it represents important investment resources for compensation of renewal till the level of before industrial usage, wearing out and repairing of the basic means. Second consisting part of the total investments is represented by net investments – capital investments for the purpose of increasing basic means”. Depreciation is not a compensation resource of wearing the basic funds out, but it is the purposeful financial source of such resources.
Human capital investment is “a specific kind of investments, mostly in education and health protection”.

“Real investments are the investments in the economical branches and also, they are kinds of economical activities, which provide influxing the increases of real capital, that is increasing material values of the industrial means”. We can agree with such definition with one specification that material and nonmaterial values too belong to the real capital (wealth), consequently science-researching experimental-construction results, various information, education of he workers and others. Such service as organization of the excitable games, also the service of redistribution social wealth from one private person to another (except charity).

“Financial investments represent placement of funds into the shares, obligations, promissory notes, other securities and instruments. Such investments, of course, do not give increases of the real material capital, but they help getting profit, consequently at the expenses of changing the course of the securities in the time of speculation, or distinguishing the course in different places of sell and purchasing”. We share wholly such definition, hence it follows that financial investments (if it is not followed by real investments as a result) do not increase real material wealth and real nonmaterial wealth. According to this context, the expression below is very important: “we must distinguish financial investments, which represent placement of the funds in the ways of selling and purchasing the securities for the purpose of getting profit and financial investments, which become cash and real, moved to real physical capital.”

In the “economical course” quoted before long and short-termed investments are separated. Recognizing the existence of the bounds between them, the authors ascribe short-termed investments to “one month or more” investments. If we get such conditioned criteria, that we can call the investments which overcome the terms of some months, long-termed ones, which is very doubtful and we don’t agree with it. A long-termed character of the fund placement is a significant feature of the investments (short-term doesn’t combine with the concept of investments). Principally, it would be better to point out quick compensative, middle termed compensative and long-termed compensative investments:

– less then 6 months – quick compensative;

– from 6 months up to the year and a half – middle termed compensative;

– more then the year and a half – long termed compensative.

We stopped at the definition of the investments in the capital work “economical course” for the special purpose, as, in it the author tried to discuss the concept of investments systemically and quite completely, herewith the book is published just now.

We’ll return to the discussion the definition economical category of “investments” in different publications in the following chapter. The definitions given here are quite enough for having a notion of the level of lighting up the given category in the economical literature.
What conclusions may be made according the definition of the mentioned economical category in the published works, except the made notions and specifications?

There is quite deeply, concretely and thoroughly defined the concept of “investments”, different definitions in the economical literature; but mostly in every works about the investments discussed by us until now, there is not opened the essence of investments as an economical category. In every monograph , even if it has a title investment, as an economical category , there is given only the definition, concept of investments. But, as the Academician Vasil Chantladze explains, “a concept is a discussion, which proves something about the distinguishing feature of the researched object. A concept out of much essential characteristic features represents only one, and essential in it is only – definition”.

But the categories are much wider; it is “a key, the most fundamental concept of every science”. Economical categories theoretically represent real, objectively existed productive relations. A category is the defining of occasions of existed characters, connections, relations of the objective world. Generally, any educational process is fulfilled by the categories, which give opportunities for dividing the processes and occasions semantically, for expressing the definitions of a subject and realize their specific peculiarities and economical relations of a material world.
Our goal is exactly to substantiate investments – as an economical category and also, as a financial category in the narrow understanding.

Here we apply for another manual thesis made by the academician Vasil Chantladze: “every financial relation is an economical one and every financial category is and economical one, but not every economical relation and economical category is financial relation and financial category”.
In the process of defining the investments, it is important to take in mind the sides of resources, expenses and incomes, because investment, from one side, is the result of the manufacture’s activity, and, from another one, – a part of income, which, in this case, is not used for usage.
Another occasion: it is advisable to discuss investments in two aspects: as a category of reserve and flow, which will reflect exactly the connection between “placement of funds” and “investments”.

As we’ve mentioned above, not long ago, in the well-known Soviet literature the concepts of “the placement of funds” and “investments” were accepted to be the synonyms and concerned to be investment of sources for further production of the main funds and formation of the turnover funds. We meet with such understanding of the concept of “investment” (here, they separate three types of the investment expenses: investments in the basic capital of investments, investments in the house building and investments in the reserves) in the modern economical publications and it is mostly used on the macro level during a statistical analyze of economical processes. In this concrete occasion investment is the category of reserve.

Getting Started in Courier Work

Getting Started in Courier Work

There are many reasons people choose a career in courier work. Some enjoy being on the move rather than working in a fixed location, while others may enjoy the potential of self-employment or the possibility of working towards being an owner driver. Plenty of couriers are simply people who are in possession of an appropriate vehicle and a few extra hours in which to supplement their income.

Whatever your reason for wanting to pick up some courier work, here are a few tips on how to get started.

What You’ll Need

Before you even start to look for courier work, you’ll need to make sure you have an appropriate vehicle and the right certification. Any vehicle with room to carry goods is suitable, but most couriers use small vans or motorcycles. This is because a van is large enough to carry a decent sized load while being small enough to navigate residential roads, while a motorcycle is ideal for urgent deliveries due to its ability to navigate traffic and narrow roads at speed.

You’ll need to be licensed and insured to drive the vehicle, of course, and having extensive experience operating a vehicle is a big plus. Being a highly experienced rider is especially valuable if you intend to use a motorcycle, as courier work, especially in cities with lots of traffic, can be dangerous to a novice rider.

In addition to this, you’ll need a copy of your ‘Goods in Transit’ insurance certificate, which you’ll need to be able to produce to establish a working relationship with a courier company.

Gaining Experience

Of course, as with any job, relevant experience is one of the single most important things you’ll need to get the work rolling in. Getting your foot in the door can be challenging, but with perseverance and the right attitude it can be done. Start by phoning around courier companies, and don’t be afraid of dropping by in person, especially on a Friday morning (when they often experience a spike in demand). Offer your services for both regular work and casual work at peak times: while casual work alone may not pay the bills, at an early stage it’s important to build a rapport with a company as well as build on your experience to enhance your portfolio.

If someone is interested but non-committal over the phone, call them again in a few days. It’s not rare at all to have to call five or six times in total before getting a favourable response, so be persistent – but always polite. Your aim should be to get yourself onto the books of several companies in order to ensure a steady supply of work – although be careful not to overextend yourself and accept jobs you don’t have time for.

Notes on Appearance

When you’re a courier working in the public eye, maintaining a professional appearance is essential. Clean, smart clothes (perhaps dark trousers and a white shirt or polo) and a well-maintained van go a long way to making a good, lasting impression. Keeping a van clean and in good shape can be costly, so many new drivers hire a vehicle rather than buying their own; be sure to explore this option in terms of financial viability. Keep any company specific identification to hand, and consider wearing a name badge.

Acne Problem in Adults

Acne Problem in Adults

There will be many changes in the body during the puberty stages in both men and women. This is due to the hormonal changes in the body and hence certain glands are over activated. The activation of sebaceous glands leads to the problem of acne in people of adolescent ages. But acne problem is found in many adults even at the ages of 30 and 40. This type of acne must be treated carefully so that the complexion is maintained. When no treatment is taken, adult acne will leave scars and rashes will appear on the skin spoiling the beauty. Acne in adults is a common problem for which different treatments are available.

Acne is very common among the teenagers. For these people the treatments are mild as it is a natural phenomenon. During the teenage acne will appear and will vanishes off naturally. Hence mostly treatments are avoided for young adults. These people take home remedies to take of their skin. For some teens the acne problem will be very intense forming pustules and they will approach the doctor for proper treatments. When properly treated acne can be kept under control. Adult acne is more prominent among people who had treatments for acne during their teen ages. Teen acne is common among teen boys while adult acne is affecting more girls. The percentage of adult acne with boys is just 25% while with girls adult acne is found in 50% of them.

Pimples medically called as comedo is a major problem with adult acne. Adult pimples are more nodular and more prominent spoiling the complexion of the skin. Generally pimples consist of fluid that is produced because of the excess fat that is secreted by the sebaceous glands. For adults the pimples turn to pustules with more fluid inside causing more pain and itchy feeling. The fluid causes infection in the other clear areas of the skin too. People say that acne is caused because of the unhygienic conditions. It is not true actually.

Causes of adult acne
Acne is mainly a hormonal problem. The over activation of the adrenal glands and the reproductive hormones secretion will stimulate the sebaceous glands to produce more oil. These glands are present in the outer dermis layer of the skin. When the skin pores are blocked by the external dirt, the excess sebum combined with the dirt providing a comfortable atmosphere for the bacteria to breed. This ruptures the dermis layer and leads to the formation of pimples or pustules depending on the intensity of the infection.

The bacteria are the main cause for the acne problem. The bacteria can be controlled only by not providing favorable environment to multiply. In adults the stress in the minds causes hyper activation of the sebaceous glands and hence leads to acne. Improper care for the skin also leads to the formation of pimples. As the pores are blocked by dirt, it becomes favorable for bacteria. To avoid this, the skin has to be maintained properly so that no dirt gets accumulated.

Acne is sometimes hereditary. If the direct relations of a person suffer from adult acne problems then there is a high chance for adult acne in the person. This hereditary acne cannot be avoided but the infection can be kept under control by keeping the skin free from dirt.

Prevention and treatments for adult acne

To prevent adult acne proper nourishment for the skin is essential. This nourishment comes from the creams you apply externally and from the food you consume internally. For young teens, acne causes problems when they take fatty food items like cheese. But for adults they don’t play an important role in the cause. However, taking balanced diet is essential for maintaining nourishment for the skin. The skin has to be cleansed properly with a branded face wash and should be moisturized regularly to prevent cracks in the skin.

Acne treatments for adults are different from treatments for teens. The same treatment you took in your teenage will not work for your adult acne. Teen acne requires mild ointments and gels while they will never cure adult acne. Benzoyl peroxide and salicylic acid are effective in curing adult acne. While you are buying a product for adult acne, make sure that the product contains these chemicals for curing acne. These creams are not generally sufficient for curing acne in adults. Gels and creams can do well only with teen acne. For adults, intensive treatments are required.

Modern treatments remove the pimples from the face for curing acne. Zeno acne clearing device is used in such treatments. The device produces heat to treat the pimples. The bacteria causing pustules are killed in the heat and the pimples are then removed. This treatment will result in oddities in the skin forming ridges after the forceful removal of pimples. But certain other treatments are available that will treat the skin to recover from the oddities. This will enhance the look of the person by curing the problem at the same time.

Acne is caused in areas like neck, shoulder and the face. It is better to take measures to prevent acne rather than spending a lot of money for curing acne. a healthy skin is a direct way to prevent acne. Wash your face regularly with plain water to remove the dirt that constantly settles on the face. When pores are blocked it will cause acne. Eating a proper diet will also lead to a healthy skin from the inside. Intake of balanced diet and regular exercising will nourish the skin naturally.

Even adults have the temptation to scratch he pimples. This will spread the infection and will intensify the problem. When you find moderate symptoms of acne you have to visit the doctor. Adult acne is cared less and hence many people loose their beauty because of the ignorance about the problem. When treated properly at the right time, you can make the acne disappear without any scars.

Economic Democracy

Economic Democracy

Nearly all the countries of the world today have come under some sort of democratic structure. Liberal democracy has been established in such countries as the USA, Great Britain, France and Canada, while in the Soviet Union, China, Vietnam, and Eastern Europe socialist democracy is the dominant system. The plight of the people in liberal democratic (so called democratic) countries is not as miserable as it is in communist countries, because in communist countries the political and economic system is imposed on society by party officials, causing untold human suffering and severe psycho-economic exploitation. Both liberal democracy and socialist democracy may be considered forms of political democracy because these systems are based on economic and political centralization.

Political Democracy

In all countries where democracy is in vogue today, people have been deceived into believing that there is no better system than political democracy. Political democracy has no doubt granted voting rights, but it has snatched away the right of economic equality. Consequently, there is gross economic disparity between the rich and the poor, immense inequality in people’s purchasing capacity, unemployment, chronic food shortages, poverty and insecurity in society.

The type of democracy prevalent in India is also political democracy, and it has proved to be a unique system of exploitation. The Indian constitution was created by three groups of exploiters: the British exploiters, the Indian imperialists and the ruling parties representing the Indian capitalists. All the provisions of the Indian constitution were framed keeping an eye on furthering the interests of these opportunists. Just to hood wink the masses, the people were granted the right of universal suffrage. Millions of Indians are poor, superstitious and illiterate, yet the exploiters, through such practices as making false promises, intimidation, gross abuse of administrative power and vote rigging, repeatedly win over the electorate. This is the farce of democracy. Once they form the government, they get ample opportunity to indulge in rampant corruption and political tyranny for five years. In the subsequent elections – whether on the provincial or state level – the same absurdity is repeated.

This type of political opportunism has been going on in India since Independence. For the last thirty-five years, the political parties have maintained that in order to attain economic parity with the industrially developed countries of Europe, India must follow the democratic system. To support this argument, they cite the examples of America and Great Britain or China and the Soviet Union. The political leaders urge the electorate to vote in their favor at election time so that the country’s starving masses can reap the benefits of a developed economy. But once the elections are over, the exploitation of the common people continues unabated in the garb of political democracy, and other areas of social life are completely neglected. Today millions of Indian citizens are being deprived of the minimum requirements of life and are struggling to procure adequate food, clothing, housing, education and medical treatment, while a handful of people are rolling in enormous wealth and luxury.

One of the most obvious defects of democracy is that voting is based upon universal suffrage. That is, the right to cast a vote depends on age. Once people reach a certain age, it is assumed that they have the requisite capacity to weigh the pros and cons of the issues in an election and select the best candidate. But there are many people above the voting age who have little or no interest in elections and are not conversant with social or economic issues. In many cases they vote for the party rather than the candidate, and are swayed by election propaganda or the false promises of politicians. Those who have not reached the voting age are often more capable of selecting the best candidate than those who are entitled to vote. So age should not be the yardstick for voting rights.

Whether or not a candidate gets elected usually depends upon party affiliation, political patronage and election expenditure. In some cases it also depends on antisocial practices. Throughout the world, money plays a dominant role in the electoral process, and in nearly all cases, only those who are rich and powerful can hope to secure elected office. In those cases where voting is not compulsory, often only a small percentage of the population participates in the electoral process.

The prerequisites for the success of democracy are morality, education and socio-economico-political consciousness. Leaders especially must be people of high moral character, otherwise the welfare of society will be jeopardized. But today in most democracies, people of dubious character and those with vested interests are elected to power. Even bandits and murderers stand for election and form the government.

In almost all the countries of the world, the masses lack political consciousness. Cunning, erudite politicians take advantage of this shortcoming to confuse people and attain power. They resort to immoral practices such as bribery, vote rigging, booth capturing and buying of votes, and stand unopposed for elections. Consequently, the standard of morality in society is declining, and honest, competent people are relegated to the background. Moral leaders have less chance to win elections because election results are rigged through financial inducements, intimidation and brute force. In the present democratic system, all sorts of immoral and corrupt practices are given the opportunity to pervert society. The very nature of the present system is that it favors the capitalists and exposes the administration to immoral and corrupt forces.

The farce of democracy has been likened to a puppet show where a handful of power hungry politicians pull the strings from behind the scene. In liberal democracies, capitalists manipulate the mass media such as radio, television and newspapers, while in socialist democracies the bureaucrats lead the country to the brink of destruction. In both forms of democracy, there is little scope for honest, competent leaders to emerge in society, and virtually no possibility for the economic liberation of the people.

Political democracy has become a great hoax for the people of the world. It promises the advent of an era of peace, prosperity and equality, but in reality it creates criminals, encourages exploitation and throws common people into an abyss of sorrow and suffering.

The days of political democracy are numbered. PROUT demands economic democracy, not political democracy. To make democracy successful, economic power must be vested in the hands of the common people and the minimum requirements of life must be guaranteed to all. This is the only way to ensure the economic liberation of the people. PROUT’s slogan is: “To end exploitation we demand economic democracy, not political democracy.”

Economic Decentralisation

In economic democracy, economic and political power are bifurcated. That is, PROUT advocates political centralization and economic decentralization. Political power is vested with the moralists, but economic power is vested with the local people. The principal goal of the administration is to remove all the impediments and obstacles which prevent the economic needs of the people being met. The universal aim of economic democracy is to guarantee the minimum requirements of life to all members of society.

Nature has been kind enough to provide abundant natural resources to every region of this earth, but she has not given guidelines on how to distribute these resources amongst the members of society. This duty has been left to the discretion and intelligence of human beings. Those who are guided by dishonesty, selfishness and mean-mindedness misappropriate these resources and utilize them for their individual or group interests rather than for the welfare of the whole society. Mundane resources are limited but human longings are limitless. Hence, for all the members of society to live in peace and prosperity, human beings have to adopt a system which ensures the maximum utilization and rational distribution of all resources. To achieve this, human beings will have to establish themselves in morality and then create a congenial environment for morality to flourish.

Economic decentralization means production for consumption, not production for profit. Economic decentralization is not possible under capitalism, because capitalist production always tries to maximize profit. Capitalists always produce at the lowest costs and sell at the highest profits. They prefer centralised production, which leads to regional economic disparity and imbalances in the distribution of the population. In the decentralized economy of PROUT on the other hand, production is for consumption, and the minimum requirements of life will be guaranteed to all. All regions will get ample scope to develop their economic potentiality, so the problems of a floating population or overcrowding in urban centres will not be allowed to arise.

Unless a country attains optimum development in industry and other sectors of the economy, it is impossible for it to be highly developed. If more than thirty to forty-five percent of a country’s population is engaged in agriculture, there will be excessive pressure on land. Such a country cannot become highly developed, nor can there be balanced, decentralized development in all sectors of the economy. India is a classic example of this. About seventy-five percent of India’s population is engaged in agriculture for its livelihood.

In some democratic countries such as Canada and Australia a large percentage of the population is engaged in agriculture, and although these countries are regarded as agriculturally developed, they depend on industrially developed countries because they themselves are industrially undeveloped. For instance, Canada has traditionally been dependent on the USA, and Australia on Britain.

As far as India is concerned, as long as around seventy-five percent of the population is engaged in agriculture, the unbearable economic plight of the people will continue. Any country confronted with such circumstances will find it very difficult to meet its domestic and international responsibilities. The purchasing capacity of the people will keep decreasing, while economic disparity will go on increasing. The social, economic and political environment of the whole country will degenerate. India is a clear example of all these evils.

So, economic decentralization does not mean that the majority of the population will be dependent on agriculture for their livelihood or that the other sectors of the economy will remain undeveloped. Rather, each sector of the economy must strive for maximum development, and all sectors must strive for maximum decentralization.

In all the democratic countries of the world, economic power is concentrated in the hands of a few individuals and groups. In liberal democracies economic power is controlled by a handful of capitalists, while in socialist countries economic power is concentrated in a small group of party leaders. In each case a handful of people – the number can easily be counted on one’s fingertips – manipulates the economic welfare of the entire society. When economic power is vested in the hands of the people, the supremacy of this group of leaders will be terminated, and political parties will be destroyed forever.

People will have to opt for either political democracy or economic democracy. That is, they will have to choose a socio-economic system based on either a centralized economy or a decentralized economy. Which one will they select? Political democracy cannot fulfill the hopes and aspiration of people or provide the basis for constructing a strong and healthy human society. The only way to achieve this is to establish economic democracy.

Requirements for Economic democracy

The first requirement for economic democracy is that the minimum requirements of a particular age – including food, clothing, education and medical treatment – must be guaranteed to all. Not only is this an individual right, it is also a collective necessity, because the easy availability of the minimum requirements will increase the all-round welfare of society.

The second requirement for economic democracy is that increasing purchasing capacity must be guaranteed to each and every individual. In economic democracy local people will hold economic power. Consequently, local raw materials will be used to promote the economic prosperity of the local people. That is to say, the raw materials of one socio-economic unit should not be exported to another unit. Instead, industrial centres should be built up wherever raw materials are available. This will create industries based on locally available raw materials and ensure full employment for local people.

The third requirement for economic democracy is that the power to make all economic decisions must be placed in the hands of the local people. Economic liberation is the birthright of every individual. To achieve it, economic power must be vested in the local people. In economic democracy, the local people will have the power to make all economic decisions, to produce commodities on the basis of collective necessity, and to distribute all agricultural and industrial commodities.

The fourth requirement for economic democracy is that outsiders must be strictly prevented from interfering in the local economy. The outflow of local capital must be stopped by strictly preventing outsiders or a floating population from participating in any type of economic activity in the local area.

For the success of economic democracy, PROUT must be implemented and the economic welfare of all people must be enhanced step by step. This in turn will lead to greater opportunities for the spiritual emancipation of human beings.

Finally, it should be remembered that economic democracy is essential not only for the economic liberation of human beings, but for the universal well-being of all – including plants and animals. Economic democracy will devise ways and means to effect the smoothe progress of society by recognizing the unique value of both humans and non-humans alike.

Comparing GAAP Vs IFRS

Comparing GAAP Vs IFRS

The United States of America uses a type of rule-based accounting standards called GAAP (Generally Accepted Accounting Principles) while over 110 countries around the world abide by a principle-based accounting system called IFRS (International Financial Reporting Standards). There are some differences between the frameworks of the two accounting standards, but there are also a striking amount of similarities. A question then arises: why does most of the world use IFRS while the United States uses GAAP? There are many pros to each methods as well as cons, looking at each method separately will help show why the majority of the financial world uses IFRS.

The International Financial Reporting Agency may trump GAAP primarily on the fact that it is more widely used, but looking more into the principles and framework it uses can help show why so many countries use it. When US countries that trade internationally finish their fiscal year, their accountants take time to convert each financial statement to abide by IFRS so international companies can see how they have done in the past year(s). This goes to show that by switching to IFRS US companies would save time and money each year, which is how Dr. Holger Daske explains it in his book by claiming: the argument set forth by international reporting standards is that a universal set of regulations will help to lower the cost of capital for the adopter (Daske 332). The SEC is looking to make the switch from GAAP to IFRS in the near future (“GAAP vs IFRS”). If the US were to switch to the IFRS method, it wouldn’t necessarily be the toughest switch to make, at least for accountants, since accountants are already trained to use IFRS, although many other factors will be affected by the change. IFRS is set up through a principle-based system, which means accountants who use this system must follow the objectives for fair and proper reporting of financial data set forth by them. The IFRS allows businesses across the globe to easily communicate their financial reports to one another. The concept of going concern is the assumption that an asset(s) will remain in the company for the future, but the accountant defers recognition of expenses to a later period in order to use the asset(s) in the most effective way possible. This is a very useful way of lowering expense that is used consistently in IFRS, but is rarely used in GAAP. These ways show just how useful IFRS is in connecting the world internationally through business.

The rule-based accounting system accountants adhere to, GAAP, was originally created by the Amercan Insititue of Certified Public Accountants (AICPA) and the Securities and Exchange Commission (SEC). New rules and regulations have been added by the Finacial Accounting Standards Board (FASB) in 1973, but in 2008, the FASB looked at every rule and regulations and condensed the procedures of GAAP to approximately 90 topics. The use of first in, first out (FIFO) and weighted-cost average, are used to evaluate inventory in both IFRS and GAAP, but the last in, last out (LIFO) method is used only in GAAP, which can be used to benefit companies. Although no matter what inventory evaluation used, expenses and profit will be recorded the same, but inventory and cost of goods sold could drastically differ when using LIFO compared to the rest. US companies use LIFO for tax purposes, producing a higher cost of goods sold which lowers taxable income compared to FIFO. Also, GAAP separates their reports for business and non-business entities, while there is no distinction between the two for IFRS.

While GAAP and IFRS are different in many ways, by taking a closer look, it shows the similarities in the two. Both systems provide a range of important information to creditors, investors, and financial analysts in an appropriate, comparable, and most importantly, reliable way. A very useful similarity is the use of footnotes on financial statements, providing valuable information and performance quality for analysts to use in analyzing and comparing companies. All financial statements, balance sheet, retained earnings, and cash flows statement, are used similarly in both systems, such as how both balance sheets are required to list assets as either current or noncurrent.

Although the GAAP has some advantages over IFRS such as the use of LIFO and separate reporting for business and nonbusiness entities, the overall framework of IFRS provides a better way to connect all businesses on a global level. With the groundwork the SEC has provided along with the majority of the countries using one single set of accounting principles, the US may shortly be using the IFRS system of accounting. Consequently, this change will not be able to happen overnight. If the US switched from GAAP to IFRS, it would take some time to integrate the new system into our current market, businesses, curriculums, and many other factors. The benefits of a transition to a universal system will outweigh the drawbacks. After all, the purpose of financial reporting is to provide financial information that is useful to present and potential investors, lenders, and creditors (Kieso). The easiest way for businesses and companies all across the world to communicate financially, is to implement a single set of accounting principles/rules.

Technology Is Taking Away Jobs, But That’s a Good Thing

Technology Is Taking Away Jobs, But That’s a Good Thing

In the industrial era of the 19th century, the world witnessed a fundamental shift in the way products are manufactured. Machines began to replace people in the workplace, and workers feared for their jobs. Back then, the people feared for their jobs so much that they raided the factory floors and did their best to destroy the machines, viewing them as the enemy.

However, what they failed to appreciate was that, with the arrival of the machines, came the arrival of fresh opportunities of wealth to those who worked with the shift in technology. Machinery brought with it multiple new jobs, in the form of design, creation, installation and maintenance. This in turn had impact on the logistics chain.

As these opportunities were created, they spurred innovation. This created wealth… to those who seized upon it. People began to achieve more with less, and that enabled them to explore even greater opportunities for growth.

The Opportunity of Technology

Now, hundreds of years later, we’re in the midst of another revolution, but this time, it’s the rise of technology. And once again, we’ve seen a lot of the same fears re-emerging. This has occurred in tandem with an ageing population, which has naturally shrunk the workforce.

However, the population might be ageing, but it’s certainly not diminishing, and we need to find new ways to boost productivity to support the population growth. It’s precisely for this reason that technology should be embraced, not feared.

Taking the example of the semi-autonomous driving functionality in the trucking industry. This technology allows the truck to drive in highway situations, which in turn, frees the driver from having to do a major amount of driving. The idea is to introduce fully autonomous driving in the future.

Some might view it as a threat, presenting competition to the truck driver. However, the reality of the situation is very different. With a shortage of qualified truck drivers in the US, self-driving trucks enable the industry to continue serving the population, helping us to work through the shortage.

Celebrating Technology and Seeking Innovation

Whilst we are not at the stage where we’ll be entirely governed by robots just yet. The human factor will always be important in all forms of industry. Just like in the Industrial revolution, looking at technological advances and its implications to your business can present opportunities to your business. In the case of the Trucking Industry, technology ensures that we’re not hemmed in by a shrinking workforce. Instead, its provides the industry freedom to expand, develop and achieve more than they have done in the past.

How does this apply to you, you may wonder? Look back 15 years ago. If you wanted to complete a transaction, you required labour to process sales, document them, record and account for it all. Now, this can be achieved through automation, without any need for human intervention. Technology allows you, the business owner, to achieve more with significantly less.

Health Insurance Providers Are Changing the Face of Healthcare

Health Insurance Providers Are Changing the Face of Healthcare

There are many times when a person needs medical attention but is unable to get the same. The simple reason for this is the lack of money that is available for healthcare in the country. Illness can rarely be predicted. One can say that an ailment may occur given the medical conditions or the lifestyle of an individual, but nobody can predict the exact illness that you can face. When a person does not have the money to pay for treatment, he/she tries to figure a cheaper treatment. However, given the increasing cost of healthcare, this is a difficult task. This further leads individuals to just avoid the treatment unless it is extremely needed. Health insurance providers have come to the rescue of people in the country.

There are many people who do not understand the importance of medical insurance. Health insurance providers in India are growing fast. Several insurance companies dealing in other kinds of insurance have also set foot into the health insurance market. The sudden growth of this market can only be attributed to the increasing realization of the importance of healthcare in the real world. Mediclaim providers aim at offering comprehensive policies that would cover an individual in their hour of healthcare crisis.

The medical insurance providers in India now offer plans that cover nearly any kind of medical problem that a person faces. With the increase in the number of insurance plans available, the competition is growing too. There are medical insurance plans that provide coverage for inpatient treatment, outpatient treatment, day-care procedures, and several other such facilities. All new medical insurance providers try to offer plans that can be used either on a cashless hospitalization basis or a reimbursement basis.

Medical science has made tremendous progress over the years. Unfortunately, the cost of this progress needs to be shared by the common man who most often cannot afford it. The main problem is that most major healthcare treatments are very expensive. People do not have the funds to pay for the same. There are numerous options of getting around this problem. But the main one is that individuals can easily get a health insurance policy which would enable them to get the treatment that is needed by them. The plans make sure that customers do not need to be worried about the payment of the treatment.

Health insurance providers bear the cost of treatment in exchange of a small sum of money known as the premium. The main point is that people need to become more aware of health insurance and the benefits of buying a mediclaim policy. There are numerous campaigns and steps that have been taken to promote this awareness. At the same time, it is also important that customers read and understand the plan before buying it. One should always be aware of the coverage provided by the policy.

Health insurance providers are also trying to change the way people perceive mediclaim plans-that they are of no use when the time comes. They have to make sure that customers can contact the company with ease regarding any grievance. This confidence has gone down and therefore insurance providers have a problem in gaining the trust of customers.The routes to access health insurance providers should be simple-calling, mailing, e-mails, SMS, etc. Customers should have the confidence that the insurance providers would help them whenever needed.

Health insurance providers try to create and improve their plans so as to meet the expectations of their customers. They not only bring changes but also make additions in their plans. The additional and optional covers help people in availing more benefits while undergoing treatment. Gifting your near and dear ones with a medical insurance plan is a good choice. It is better if people start early with their insurance plans.

With the festive times creating a lot of hustle-bustle, people are looking for the most innovative gifts that they can give. One of the finest choices is that of gifting a health insurance plan. The fact that you are looking for a gift and taking so much pain means that the person means a lot to you. A medical insurance premium is a small price to pay for the kind of value the gift has. When you gift an insurance policy, the recipient would not have to worry about handling healthcare costs at all. It is a fine choice and at the same times a different and innovative one.

The saying, what goes around comes around, is quite befitting here. The premium that you pay to buy this gift is actually exempted from taxes under section 80 (D) of the Income Tax Act. This means that while you have bought a special gift for someone, you also save on taxes payable for the same. The individual does not have to worry about spending too much money on the gift. One would have spent money in buying a gift. But with a health insurance plan, the gift has a lot more meaning to it.

There are a lot of people who think about investing money for tax benefits. You can actually club the gifts and get tax benefits for the same. Buying an individual or a family floater health insurance plan makes more sense when you know the kind of problems that the person may face. There are countless benefits of the health insurance policy. Securing a person’s medical future is perhaps the best gift ever.

Apollo Munich provides customers with the facility to buy health insurance plans very quickly over the Internet. You can also check the premium of the policy thereon.

It aims at uncomplicating health & medical insurance in the country. It provides customers with easy access to the insurance plans and the company itself. The customers can avail cashless hospitalization in more than 4000 network hospitals in the country.