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Joffrey Symons

Streamlining Construction Finance: A Complete Checklist

Streamlining Construction Finance: A Complete Checklist

Roughly $10 trillion is invested in construction projects each year, and with so much money involved in the industry, getting a firm grip on finances is something every business must do. To that end, here’s a blow-by-blow account of what it takes to get your accounts in order, including the

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Essential IT Services For Modern Construction Firms

Essential IT Services For Modern Construction Firms

Key Takeaways: Skyrocketing construction costs and tighter deadlines demand peak efficiency. But how do you achieve that when the industry itself is grappling with a digital shift? The answer lies in a strategic arsenal of IT services. These services are no longer just conveniences; they’re the cornerstones of success in

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Calling all Health and Safety Procurement Managers!

Calling all Health and Safety Procurement Managers!

Construction & Utility sites are full of potential hazards. A good proportion of these can be reduced by having the correct footwear. Whether simply walking across a site, digging a ditch or climbing a ladder, you need safety boots with a good grip and effective non-slip soles. Risks such as

Read More »
How To Turn Drone Photography Into A Real Estate Business

How To Turn Drone Photography Into A Real Estate Business

Real estate is a competitive field. Real estate agents are always looking for ways to make their listings look better than the rest. Drone footage can give them that advantage. Aerial views show properties in a way that can turn a normal listing into something special. If you get your

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Looking Forward To New York's $12BN Casino Skyscraper

Looking Forward To New York’s $12BN Casino Skyscraper

The Big Apple is planning on building a 12 billion dollar hotel-casino skyscraper making it the most glamorous place on earth. The ambitious project of this casino shall help in promoting New York as a leader in terms of luxury and leisure, a city full of towering architectural wonders, and

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The Importance of Locksmiths on the Construction Site

The Importance of Locksmiths on the Construction Site

There are lots of essential roles that contribute to the successful completion of a project in construction, but some of these are less obvious than others. We all see the bricklayers building the walls and the scaffolders and roofers adding roofs and structures, but there are lots of other behind

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Latest Issue

BDC 317 : Jun 2024

Joffrey Symons

Streamlining Construction Finance: A Complete Checklist

Streamlining Construction Finance: A Complete Checklist

Roughly $10 trillion is invested in construction projects each year, and with so much money involved in the industry, getting a firm grip on finances is something every business must do. To that end, here’s a blow-by-blow account of what it takes to get your accounts in order, including the tools and techniques that are most useful to construction pros. Implementing Invoice Automation Tools Handling invoices manually can feel like trying to juggle with one hand tied behind your back, particularly when you’ve got a multifaceted construction project to oversee. The chief problems are that it’s time-consuming and prone to errors, which can increase project costs by as much as 25%. That’s where invoice automation tools are immensely helpful, as they can streamline the entire process, saving time and reducing mistakes. This in turn earns customer trust – which is something that one PwC survey found only 51% of business owners feel they have at the moment. Why Use Invoice Automation? Think about it: Manually processing invoices often leads to: Invoice automation tools eliminate these issues by digitizing the entire process. They capture data from incoming invoices, validate it against purchase orders or contracts, and then push this information directly into your accounting system. Key Features of Top Invoice Automation Tools When choosing an invoice automation tool for your construction firm, look for these critical features: Popular Invoice Automation Tools in Construction Some well-regarded tools in the industry include: Best Budget Tracking Apps for Construction Projects Managing budgets in construction is a perilous process, as every small oversight can lead to significant financial overruns – which impact 91.5% of projects in this sector. But modern budget tracking apps can plug those leaks, giving you the control and clarity needed to stay on course. Why Use Budget Tracking Apps? Without real-time budget tracking: Budget tracking apps provide a clear snapshot of where your money goes at any moment, enabling better decision-making and tighter financial controls. Essential Features in Budget Tracking Apps When selecting an app, ensure it includes these functionalities: Leading Budget Tracking Apps in Construction Here are some standout choices for keeping your finances tight and organized: Key Financial Data Handling Techniques Efficient financial data handling in construction is another fundamental thing you need to get right. It’s like maintaining a piece of machinery—every part must be well oiled and function seamlessly to keep operations running smoothly.  And since a Buildertrend study from 2022 found that the average delay in a project was over 46 days, with this rising from just 12 days in 2018, a lot of organizations could stand to improve in this regard. The Importance of Proper Financial Data Handling Improper handling can lead to: Adopting precise data-handling techniques lets you enhance transparency, accuracy, and efficiency across your projects. The same attention to detail must be applied to all of the information that flows into your organization, as real-time data is very valuable and yet tricky to wrangle. Best Practices for Accurate Data Management Here are some top-tier strategies for managing your financial data effectively: Recommended Tools for Financial Data Management Consider integrating these tools into your workflow: The Bottom Line While we’ve talked over quite a few tools and techniques that will contribute towards a more streamlined, less baggy approach to construction finance, your needs may differ, and so it’s wise to adopt a bespoke approach to get the best end results. That said, if you’re on top of invoicing automation, budget tracking and data handling, you will already have a head start over the majority of your competitors. The real challenge is sticking to your guns and keeping a level of consistency that is sustainable in the long term. There are more variables and unforeseen issues in construction than many other sectors, but with firm financial plans, processes and tools on your side, risks will shrink and profitability from projects will rise.

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Comprehensive Solutions: How Computer Support Companies Can Help Your Business 

Comprehensive Solutions: How Computer Support Companies Can Help Your Business 

In the modern age, where everyone has gone digital, technology plays a pivotal role in the success of any business. But what happens when those complex systems you rely on start acting up? That’s where your IT guys swoop in to save the day! These tech-savvy heroes help keep your business running smoothly so you can focus on what you do best.  Indeed, computer support providers are the unsung heroes of the business world. They offer various services tailored to your needs, ensuring your technology works for you, not against you. So, if you’re ready to leave the tech headaches behind, read on to discover how these firms can transform your operations.   What do computer support companies offer?  Think of computer support companies like AxiaTP as the superheroes of the tech world, swooping in to rescue businesses from IT nightmares! These tech wizards offer a whole range of services that can be tailored to fit your company’s unique needs. So, if you want to keep your business running like a well-oiled machine, it’s time to call in the experts! Benefits of partnering with computer support companies  Partnering with IT support in Orlando and other locations offers many benefits for businesses of all sizes. Here are some of them:  Access to expertise and experience  You’ll have access to IT professionals with extensive knowledge and experience in various technologies and systems. Also, these companies stay current with the latest technological advancements and industry best practices, ensuring your business benefits from the most up-to-date solutions.   Cost-effective solutions  Outsourcing IT support eliminates the need for hiring, training, and maintaining an in-house IT team, significantly reducing operational expenses. Many companies offer scalable pricing options, allowing you to choose services that align with your budget and business needs.  Enhanced security and compliance  IT support companies implement robust security protocols to protect your business from cyber threats like malware, ransomware, and data breaches. They also help ensure your business complies with industry-specific regulations and standards, mitigating the risk of legal and financial penalties.  Increased productivity and efficiency  By constant supervision and counterchecking, the IT support companies help you to avoid critical incidences that could hinder your businesses from functioning optimally. Outsourcing IT support can provide an internal focused team therefore minimizing interruptions, which can help in focusing on core business activities and development. Scalable solutions  Hiring a specialized IT group gives you access to scalable solutions that quickly adapt to changing requirements, ensuring your IT infrastructure supports your business goals. Access to advanced tools and technologies  Computer support companies invest in advanced tools and technologies that may be cost-prohibitive for individual businesses to acquire independently. This access ensures your IT infrastructure benefits from the latest innovations.   Improved customer support  Many computer support companies offer help desk services, providing your employees with quick and efficient assistance for any IT-related issues they encounter.  By partnering with a reliable computer support company, businesses can enjoy these benefits, leading to enhanced operational efficiency, reduced risks, and a stronger focus on strategic objectives.  Finding the right computer support company  Finding the right computer support company for your business is crucial for ensuring smooth and efficient IT operations. Here are some key steps to help you choose the best provider: Assess your needs Start by evaluating your specific IT needs. Consider the size of your business, the complexity of your IT infrastructure, and the types of services you require. This will help you identify the level of support you need, whether it’s basic troubleshooting, network management, cybersecurity, or comprehensive IT solutions. Evaluate range of services Ensure that the companies you are considering offer a comprehensive range of services that align with your needs. This might include help desk support, network management, cybersecurity, cloud services, and more. A provider offering a broad spectrum of services can be a one-stop solution for all your IT requirements. Customizable and scalable solutions Your business needs may change over time, so it’s important to partner with a company that can adapt to your evolving requirements. Customizable services ensure that you receive tailored support, while scalability allows the IT support to grow with your business. Check response times and availability Inquire about their response times for different types of issues and their availability for emergency support. Choose a provider that offers 24/7 support to ensure that help is available whenever you need it, regardless of time zones or working hours. Consider local presence A local company can offer quicker on-site support when needed and will have a better understanding of the regional market and specific challenges faced by businesses in the area. Evaluate customer support and communicationPay attention to their responsiveness, willingness to provide detailed information, and overall professionalism. Compare costs and value While cost should not be the sole determining factor, it’s important to compare the pricing models of different providers. Consider the value offered by each company in relation to their prices. Look for a provider that offers competitive pricing while delivering high-quality, reliable services. By following these steps, you can find a computer support company that meets your specific needs, provides reliable and efficient services, and supports your business’s growth and success.  Conclusion  In today’s highly digitized world, hiring the services of a competent computer support company becomes advantageous to a business. Whether in terms of expense reduction and security or the ability to leverage professional knowledge and service, these firms are invaluable in ensuring and supporting your IT department. So go ahead, explore your options, and make the right choice!

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How Building a Laneway Home/Garden Suites Can Boost Your Rental Income

How Building a Laneway Home/Garden Suites Can Boost Your Rental Income

A Laneway home is a detachable structure built on your main residential property. The laneway home faces the lane. In case there is no lane, the house is called a garden suite or coach house. Building a laneway home has many benefits. It increases the value of your property, which is a plus in case you decide to sell. It’s also a cheaper way of providing a home to your loved ones such as an aged parent or a grown child. It also provides a way to boost your rental income. Building a Laneway Home in Toronto Building a laneway home in Toronto was approved in 2018. Homeowners can build a secondary home on their property as long as its fronting or backing is on a laneway. The homes come in handy to reduce the shortage of rental houses in the city. When built for rental, they provide additional income to the homeowners who can use it to pay for mortgage or other expenses. Also, they are useful to accommodate aged parents or adult children, who might otherwise not afford to buy a similar house in the city. One of the many benefits of laneway homes is to generate rental income. Here is more on how the home can boost your rental income. Rent Out the Laneway Home In cities such as Toronto, Canada, there is a shortage of rental houses. Also, when you build a laneway home, you can rent it out and earn that extra income. With the high rents, you are assured of recovering your investment within no time. Living in Toronto is expensive and therefore most tenants are looking to save money on rent. Since the demand for housing is greater than the supply, the rent is high. However, rents are lower on laneway homes and that’s why they attract more tenants. These homes provide the comfort of a standalone house at a cheaper price than an apartment. Therefore, when you build a laneway home, you are assured of tenants and consequently rental income. You can use the money to pay your mortgage and remain with extra. Your rental laneway home qualifies you for a tax deduction on interest on your mortgage if you built it using a loan on your main residence. This way, you pay less mortgage. However, to claim a tax deduction, you need to report the rental income. Nevertheless, the additional property tax is less in comparison to the rental income the home will generate. Rent Your Main House You may choose to move into the laneway home and rent out your main house. This way, you can earn more rental income enough to pay your mortgage and remain with a substantial amount for your personal use. Increase Your Home Value If you build a laneway home, it means your property has a high sqft. You can get rental income from the extra space. If you intend to sell, your home will be more attractive to the buyers than a property without a laneway home. The secondary home adds more value to your property and you are likely to sell at higher prices. The buyer will be looking at the extra space they will get at the property and the additional rental income they will get if they decide to rent it out.

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Essential IT Services For Modern Construction Firms

Essential IT Services For Modern Construction Firms

Key Takeaways: Skyrocketing construction costs and tighter deadlines demand peak efficiency. But how do you achieve that when the industry itself is grappling with a digital shift? The answer lies in a strategic arsenal of IT services. These services are no longer just conveniences; they’re the cornerstones of success in today’s competitive landscape.  That said, this guide cuts through the clutter, focusing on the essential IT services that empower modern construction firms. It will explore how service providers can streamline workflows, boost collaboration, and ultimately, build a foundation for project success.  Project Management Software  Imagine juggling blueprints, managing budgets, and coordinating subcontractors – all while ensuring every detail falls into place. That’s the daily reality for project managers in today’s construction industry. Thankfully, they’re no longer going it alone. Software like Procore and Buildertrend acts as a digital foreman, overseeing projects from start to finish. These platforms foster seamless collaboration, keeping everyone – from architects to electricians – in the loop with real-time updates. But the best tools need a skilled technician.  Partnering with specialized IT support, such as Revotech’s Vancouver IT support team, is like having a dedicated IT guy on-site. They ensure your software runs smoothly, maximizing its potential and keeping your projects on track, on budget, and most importantly, stress-free.  Building Information Modeling (BIM)  BIM has revolutionized the way construction projects are planned and executed. Software like Autodesk Revit allows construction firms to create and manage digital representations of physical and functional characteristics of buildings.   This enhanced visualization capability enables better coordination among architects, engineers, and construction teams, significantly reducing errors and rework. BIM also facilitates improved planning and decision-making by providing detailed insights into every aspect of the project.    Cloud Computing  The adoption of cloud computing has become indispensable for modern construction firms. Utilizing cloud platforms such as AWS, Google Cloud, or Microsoft Azure allows firms to store and process vast amounts of project data remotely. This capability ensures that all team members, regardless of their location, have access to the most up-to-date information.   Cloud computing offers scalability, enabling firms to adjust their resources according to project needs. Additionally, it enhances data security by providing robust measures to protect sensitive information. For more insights and solutions on leveraging cloud computing, you can visit generationix.com or other service provider sites.  Collaboration Tools  In construction projects, effective communication and collaboration are the glue that holds everything together. Tools like Microsoft Teams, Slack, and Zoom play a starring role in this high-stakes performance, providing seamless communication channels for team members to stay in sync. These platforms enable instant messaging, file sharing, and virtual meetings that bring everyone together, no matter where they are. This reduces the risk of miscommunications and errors, leading to a more efficient and harmonious project execution.  Enterprise Resource Planning (ERP)  ERP systems, such as SAP, Oracle, and Microsoft Dynamics, integrate various business processes within construction firms. These comprehensive systems streamline operations by managing everything from procurement and inventory to finance and human resources. By centralizing these functions, ERP systems provide a holistic view of the organization’s operations, enabling better decision-making and resource management.    Customer Relationship Management (CRM)  Keeping track of clients can be a juggling act for construction firms. That’s where CRM tools like Salesforce and HubSpot come in, these platforms help remember every detail about your clients, from initial contact to project completion.  Think of it as a central hub where all your client communications live – emails, phone calls, even those handwritten notes. In addition, these tools also help manage potential clients, or ‘leads,’ nurturing those relationships and turning them into happy customers. Mobile Applications  Mobile applications designed specifically for construction management have transformed how field operations are conducted. Gone are the days of paper trails and frantic phone calls. Today’s construction teams are armed with smartphones and tablets, acting as mini-command centers in their pockets. This allows them to capture data – send photos of completed tasks or instant updates on material deliveries – and share it with project managers on the fly. This real-time flow of information cuts down on miscommunication and delays.  Cybersecurity Solutions  In today’s digital age, construction firms are no strangers to stockpiles of sensitive data – blueprints, budgets, client contracts – it’s all there. But just like a fortress needs a strong guard, this information needs robust cybersecurity solutions to keep it safe.  Think of firewalls as digital gatekeepers, controlling who enters the system. Encryption scrambles information, making it gibberish to anyone who shouldn’t see it. And intrusion detection systems are like guard dogs, constantly on the lookout for suspicious activity.  These security measures are vital not just for protecting your company’s sensitive info, but also for maintaining client trust and keeping up with regulations.  Data Analytics and Reporting  Data analytics and reporting tools are indispensable for modern construction firms aiming to make data-driven decisions. These tools analyze vast amounts of project data to generate insightful reports that help in performance tracking and trend identification. By leveraging data analytics, firms can optimize their processes, identify potential issues early, and make informed decisions that enhance project outcomes.    Virtual Reality (VR) and Augmented Reality (AR)  VR and AR are ushering in a new era of innovation, offering construction firms mind-bending ways to visualize and simulate projects. These cutting-edge tools conjure up immersive experiences for design reviews, client presentations, and training sessions that’ll make your head spin. By harnessing the power of VR and AR, construction teams can peer into the intricate depths of complex designs and make necessary tweaks before breaking ground, reducing the risk of costly curveballs down the line.   Conclusion  In a world where deadlines are razor-thin and budgets are constantly scrutinized, the future of construction hinges on efficiency. By strategically adopting essential IT services, construction firms can transform from brick-and-mortar builders to data-driven powerhouses. Don’t get left behind in the digital dust. Take advantage of this guide to identify the IT services that will propel your construction firm towards the future. 

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Calling all Health and Safety Procurement Managers!

Calling all Health and Safety Procurement Managers!

Construction & Utility sites are full of potential hazards. A good proportion of these can be reduced by having the correct footwear. Whether simply walking across a site, digging a ditch or climbing a ladder, you need safety boots with a good grip and effective non-slip soles. Risks such as falling materials cannot be removed, but the severity can be greatly reduced by wearing adequate toe protection – i.e. a steel toe cap or one manufactured with composite materials. The risk of underfoot injury should also be considered, with many sites containing debris, sharp materials and uneven ground. Choosing safety footwear with a steel or para-aramid anti-puncture protective midsole may be a wise option in order to protect the sole of the foot from punctures that may lead to infection. Distractions cause accidents Construction and Utility workers need to multi-task – doing their actual job whilst being aware of the dangers around them, if their main focus is discomfort of their footwear, accidents can potentially follow and could have severe consequences, especially on busy sites. Comfort increases wellbeing Protection and support should be the major concern when choosing safety footwear for a construction or utility site. However, with spine issues and plantar fasciitis being a big problem for workers who are on their feet for lengthy periods whilst working in extreme conditions, comfort and support should also be considered as a must have. Fortunately, with top-quality safety boots, there is no reason to compromise on safety for comfort. Additional comfort can be achieved by adding Activ-Step footbeds for arch support, Activ-step anti-fatigue footbeds and Activ-step socks. Comfortable safety boots start with quality components that are kind to the foot and the planet. Always look for footwear that meets or even better exceeds official safety standards and is suitable for the environment that the wearer is working in – for some roles you may need more than one type of footwear to support the role that worker is covering. Strong outsoles and comfortable inner soles that fit correctly are a good start. Fit for purpose On any site there should be a good range of footwear available to the worker, with accessories available to provide arch support, insole comfort and correct fastenings to ensure that the fit is correct for everyone. It is essential to consider different shapes and sizes of people’s feet. The person responsible for providing the safety footwear needs to be aware of the ergonomic hazards that may pose a risk of injury to the musculoskeletal system in as much detail as they focus on for site hazards. Offering a wide and varied selection of safety footwear is sure to increase attendance and productivity. Rock Fall UK Can Help! With over eighty styles of footwear and a wide variety of accessories to increase safety and comfort Rock Fall UK are a one-stop shop for the busy H&S/Procurement Managers. We have an unequalled range of footwear that covers every size and environment in today’s demanding environments readily available. Our women’s Hurricane and Carbon Safety boots took the big win the at the SHE Awards 2024 for the Best Health and Safety Project of the Year! To give some background behind the collaboration that led to the development of these award winning safety boots here’s a short video.   Want to know more ?  Call 01773 608616 or contact: sales@rockfall.com for immediate assistance. Rockfall.com

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How To Turn Drone Photography Into A Real Estate Business

How To Turn Drone Photography Into A Real Estate Business

Real estate is a competitive field. Real estate agents are always looking for ways to make their listings look better than the rest. Drone footage can give them that advantage. Aerial views show properties in a way that can turn a normal listing into something special. If you get your A2CofC drone pilot certificate then you’ll have plenty of work from these agents looking for an edge. As a professional, you help them show properties in the best light, leading to more business for you. Your drone business will grow as more agents see the benefits of aerial footage. In this article, we will go over several steps to take to turn your drone hobby into a viable business. Understand the market To start a drone business for real estate, you need to know what the market needs. Real estate agents are always searching for new ways to show off their properties. Drones have become very popular for this. The demand for drone services in real estate is growing fast. More agents are seeing how drone footage can help attract buyers. Regular photos and videos often miss important details. Drones can capture stunning views from angles that are hard to get otherwise. It’s also important to keep up with the latest trends and technology in drone photography. New drones and software make it easier to get great aerial shots. Staying updated with these changes means you can offer the best service to your clients. Have a business plan Starting a drone business for real estate takes good planning. First, decide what services you will offer. Will you only do aerial photos and videos, or also offer 3D mapping and virtual tours? Knowing your services helps you market your business better. Make a business plan and be sure to include your goals and how you will reach them. Write down how much money you need to start and how much you expect to earn. A clear plan keeps you focused and organized. Next, choose a legal structure for your business. You might choose to be an LLC or a sole proprietorship. Each type has different tax and legal rules, so it’s good to talk to a lawyer to decide which is best for you. To get business, make a professional portfolio of your best work. Build a website and use social media to reach out to potential clients. Grow the business Once your drone business is up and running, it’s time to grow. One way to expand is by offering new services. Think about adding virtual tours, 3D modeling, and thermal imaging. These can attract more clients and give them more options. Virtual tours let buyers explore properties online, 3D modeling shows detailed views of buildings, and thermal imaging helps with inspections. As your business gets bigger, you might need to hire more drone operators. Find skilled pilots who are certified and experienced. Train them to meet your standards. A good team helps you handle more projects and keep up quality.

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Getting the Highest Value for Your Manufacturing Business When It's Time to Sell

Getting the Highest Value for Your Manufacturing Business When It’s Time to Sell

If you are contemplating selling your manufacturing business, obtaining an appraisal should be among your first steps. Doing this will provide tangible goals to work toward for the sale and allow you to set realistic expectations. Your company’s value will depend on your niche segment, market conditions and growth prospects. Potential buyers are likely to prioritize customers you can retain upon exit as one factor of evaluation. 1. Prepare Your Financials Business owners decide to sell their manufacturing companies for various reasons. Lifestyle changes, family concerns or simply being disenchanted with running the company could all be catalysts for selling, but regardless of why this decision has been made it’s vital that all parties involved make sure the highest value possible for their investment when selling is made. First step of this process should be obtaining a professional company valuation. This will provide an accurate understanding of your company’s worth, helping you set an equitable asking price. Also important before selling is starting is making sure all legal issues have been settled; otherwise prospective buyers might be turned off by any unresolved legal matters that come to light during negotiations. Cleaning up the financial records as part of preparing to sell your manufacturing company is also key in getting ready to sell it, including tax returns and accounting records. Aiming for this goal 1-3 years before selling can make for an easier transition. Finally, make sure that you network within your industry to find potential buyers for your manufacturing business. Networking will enable you to connect with individuals who are truly interested in purchasing it. Once all these steps have been completed, it’s time to list your company for sale. Be patient as you go through this process and keep emotions under control; at its completion you will feel an incredible sense of freedom and accomplishment! Just don’t forget about taking care of yourself post-sale! 2. Create a Marketing Strategy Crafting and maintaining an effective marketing strategy is vital for any manufacturing business, not only because it will ensure they produce top-quality products but also to attract new customers while strengthening existing ones, leading to higher sales and brand recognition. Before embarking on any marketing strategy, it is crucial that you have a firm grasp on your desired goals for your business. Doing this will enable you to set SMART goals that align with overall company objectives – such as revenue targets, introducing new products or increasing market share – while making sure marketing objectives support such goals within available resources and capabilities. An effective marketing plan is also key to increasing your chances of selling your manufacturing company in the future. Showing evidence that it is growing and flourishing will make your manufacturing firm much more attractive to potential buyers, while creating an engaging sales proposal should highlight all its unique assets that could be leveraged by new owners is also useful. As well as creating an effective marketing strategy, networking is another effective strategy to use when selling a company. Not only can networking help identify prospective buyers but it’s also an opportunity to share knowledge of your industry while creating relationships with prospective buyers. 3. Hire a Broker Your manufacturing company was likely started for various reasons, from starting up a new venture or retiring; one thing remains certain; when the time comes, you want to extract maximum value from selling. To do so successfully, it’s crucial that you hire a broker with relevant experience and skills. Ideally, a business broker for manufacturing companies should possess significant manufacturing industry expertise as they will understand how best to navigate the unique challenges associated with selling a manufacturing business. In addition, your chosen broker should possess a large network of potential buyers as they go the extra mile in promoting your company to generate interest among qualified prospects. When selecting brokers, be sure to read testimonials from past clients as a barometer of satisfaction. Also be sure that they have an established track record in successfully connecting manufacturing businesses with buyers. Lastly, select a broker with an excellent grasp of the sales process who will keep you up-to-date throughout its entirety. Once you’ve secured an experienced broker, they can assist in valuing your manufacturing business. By considering its financials and any major capital investments made recently, an accurate estimation will be reached. Once this information has been compiled, they’ll use it to assist with finding a buyer and negotiating terms of sale. Once the deal has been finalized, they’ll assist with transferring ownership and making sure all necessary documents are complete – leaving you to enjoy newfound freedom knowing you got maximum value when selling. 4. Organize Your Team One of the greatest mistakes business owners make when it comes to manufacturing companies for sale is not starting their preparations early enough for sale. Prep work must begin years ahead of when you plan to sell. Attracting buyers means consulting an accountant who will assist in making adjustments that will make your business more attractive to buyers (as seen here), including altering tax advantages or shifting towards bottom-line earnings and growth strategies. Furthermore, key employees may need to be replaced so you can delegate tasks more easily while focusing on marketing initiatives. Train someone else to fill your role, particularly if you have been the primary contact between customers and your manufacturing company. Buyers may become alarmed if left with only one point of contact for any problems that arise; having an effective manager or staff member take on these duties can demonstrate that your manufacturing business is more than just you alone. Preparing to sell your manufacturing business can be an intricate and lengthy process, yet crucially essential if you hope to maximize its worth. By following these tips, you can increase its worth and ensure it continues long after you leave. Get in touch with Acquira now so we can assist with this journey and help estimate its worth using various valuation techniques as well as

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Looking Forward To New York's $12BN Casino Skyscraper

Looking Forward To New York’s $12BN Casino Skyscraper

The Big Apple is planning on building a 12 billion dollar hotel-casino skyscraper making it the most glamorous place on earth. The ambitious project of this casino shall help in promoting New York as a leader in terms of luxury and leisure, a city full of towering architectural wonders, and a lively spot for entertainment. Wynn New York City has recently revealed beautiful photos which are all about the condo tower designed in the latest way, with every part of it reflecting sophistication and luxury. The glass exterior of the building will let the city have a fresh museum with its glittering, appealing façade while standing above the clouds of New York. Besides its ravishing look, this resort is also marking a new era of the city’s dynamic entertainment and hospitality with the ever-growing demand for themed entertainment. As if revealing the extension of the current worrying scenario, large-sized projects like this indicate a continuous hopeful and investment outlook for the city. At the heart of this project is the integration of a world-class casino, offering visitors a lavish gaming experience unlike any other. With the dramatic rise in popular casino games online, one can argue that this project makes sense in tapping into the growing demand for immersive and experiential entertainment options. By combining the allure of traditional casino gaming with cutting-edge technology and amenities, the Wynn New York City aims to set a new standard for luxury gaming destinations. Furthermore, the skyscraper will be equipped with various facilities and attractions that are planned to be enjoyed by a varied group of people. Wynn New York City contains high-end restaurants, exclusive shops, spa facilities with the latest technology, and entertainment programs and thus aims to be a touchstone of attraction. Wynn New York City has something for everyone, whether they are looking for an adrenaline rush or a peaceful place to unwind, as the city is a complete destination with numerous possibilities. Aside from the fun it brings, Wynn New York City shall also be the developer of the economy, and this will be significant. The project construction is going to produce thousands of work opportunities, in addition to the ones that will arise at the time when the property will be functioning. Besides the real estate, which is the prime business beneficiary, the location will also benefit as we can expect various industries to utilise the tourists’ wave and thereby influence the dealer and the neighbourhood positively. Yet the journey to the full realisation of this ambitious goal might be marked by a few obstacles. Like every gigantic project, the project will be subject to a number of legal constraints, and the approval process will require technically feasible planning and coordination of all involved parties. Furthermore, the issue of the skyscraper’s influence on the urban areas and greenery will be a major concern, and it is our duty to deal with it properly. Despite these challenges, the unveiling of plans for the Wynn New York City marks an exciting chapter in the city’s storied history. As New York continues to evolve and adapt to emerging trends and technologies, projects like this serve as a testament to the resilience and innovation that define the city’s spirit. In the midst of uncertainty and upheaval, the promise of a $12 billion casino skyscraper offers a glimmer of hope and excitement for New York City’s future. With its blend of luxury, entertainment, and economic opportunity, the Wynn New York City is poised to redefine the skyline and capture the imagination of visitors from around the world.

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The Importance of Locksmiths on the Construction Site

The Importance of Locksmiths on the Construction Site

There are lots of essential roles that contribute to the successful completion of a project in construction, but some of these are less obvious than others. We all see the bricklayers building the walls and the scaffolders and roofers adding roofs and structures, but there are lots of other behind the scenes and less ‘obvious’ jobs too. From the original architecture drawings and planning of the site itself, the labourers keeping things running smoothly and those that add security or finishing touches. And locksmiths are a part of the last group, and play a critical, albeit often overlooked, role in ensuring the safety, security, and functionality of any new building. Here’s why locksmiths are indispensable in the construction industry. Security from the Ground Up From the very beginning of a construction project, security is a primary concern. Sites often contain valuable materials, tools, and equipment that need protection. Locksmiths are essential in providing the necessary security measures. They install robust locks on temporary structures, gates, and storage units to prevent theft and unauthorised access. This initial security setup safeguards the site and helps maintain a controlled environment, so that construction can proceed smoothly. Precision  When the building reaches the stage where doors, windows, and access points are installed, the expertise of commercial locksmiths becomes even more critical. Precision in lock installation is so important for  both security and functionality since poorly installed locks can lead to security breaches, potential damages and higher costs in the long run. Professional locksmiths bring their expertise to install high quality locks correctly so that they function as intended and provide the maximum level of security. Advanced Security Systems Modern construction projects often need advanced security solutions that go further than traditional locks and keys. This is where locksmiths’ expertise in high tech security systems becomes invaluable. Things like keyless entry systems to sophisticated access control systems, locksmiths can integrate these advanced technologies into the building’s security infrastructure. They make sure that these systems are installed correctly, tested thoroughly, and function seamlessly with other building systems. Locksmiths can also offer customised security solutions tailored to these specific requirements. Whether it’s a residential complex needing secure entry points and communal access control or a commercial building requiring restricted access areas and comprehensive surveillance systems, locksmiths design and put in place solutions that address these unique challenges. Regulatory Compliance Construction projects have to comply with numerous local, state and federal regulations- including those related to safety and security. Locksmiths make sure that all locks, security systems, and access controls meet the necessary standards and codes. Their knowledge of these regulations helps avoid potential legal issues.  Post-Construction Services The role of locksmiths doesn’t end when the construction is completed. Post construction, locksmiths provide essential services like re keying, lock changes, and maintenance of security systems. They make sure that the building remains secure and that all systems continue to function as best as they can.

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Nuh Cement and ABB complete retrofit of haul truck from diesel to zero-emission, fully electric propulsion

Nuh Cement and ABB complete retrofit of haul truck from diesel to zero-emission, fully electric propulsion

ABB has completed the retrofit conversion of a Nuh Cement-owned diesel-fueled Euclid R85B haul truck into a fully electric, zero-emission vehicle. The two companies worked together closely to design and build this retrofit project, which is the first time in the world that a vehicle of this size and class type has been fully electrified. In addition to overall system engineering, ABB’s contribution to the project included a BORDLINE® CC200, traction battery, an air-cooled traction motor, vehicle control electronics, a battery thermal management system, and a DC Fast charger. The cement mine, which is located in Kocaeli-Körfez, east of the Marmara region surrounding Istanbul, Türkiye, is positioned in such a way that the trucks travel downhill, fully loaded, on an average ramp gradient of between 18-20%. Regenerative braking enables the truck to recharge its battery as it descends, and once unloaded, ascend to the top of the mine using only previously regenerated electric power. The project delivers significant benefits by revitalizing a machine that was approaching the end of its operational lifespan. This approach further supports Nuh Cement’s sustainability goals by extending the lifespan of its haul truck, which had reached the end of its 30-year operational cycle, allowing it to operate for many more years. Rather than scrap and replace the original mining vehicle, which would involve disposing of several tons of material and purchasing a new vehicle at the cost of several million dollars, the project propelled greater returns on the initial investment made by Nuh Cement some 30 years’ ago. In addition to the economic efficiencies, the retrofitting of this one truck will save approximately 100,000 litres of diesel fuel and prevent 245 tons of CO2 emissions annually, equivalent to 58 gasoline-powered passenger vehicles driven for one year.1 The use of ABB’s electric drivetrain solutions in place of a diesel combustion engine offers significantly lower operating costs via a reduction of both fuel consumption and maintenance requirements. In addition, the truck operates with higher performance, thereby increasing the vehicles productivity. On-site workers also benefit from the switch to electric propulsion through reduced noise, less vibration, and a cleaner work environment. Many of the largest mining operators have committed to reducing greenhouse gas emissions by 30% by 2030. Retrofitting trucks in this way is a viable, quick solution that mining operators can take advantage of as an immediate step towards meeting their ambitious sustainability targets. Group CEO of Nuh Cement, Gökhan Bozkurt said, “This retrofitting conversion is one of the first in the world and we’re delighted with the result. It leads the way towards a more sustainable future for the mining and cement industries and will significantly reduce our costs and impact on the environment.” ABB Motion’s Traction Division President, Edgar Keller said, “The completion of this project is enormously satisfying because it gives new life to machines that otherwise would have expired, whilst simultaneously lowering costs, reducing carbon emissions and boosting the productivity of Nuh Cement’s operations. It proves that converting diesel vehicles to full electric power is possible and at immediate reach. The time to decarbonise the mining industry has well and truly arrived.”[1]https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator#results Building, Design & Construction Magazine | The Choice of Industry Professionals

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