Whether you are a small moving company or you have a larger one like Safebound Moving & Storage, you should always strive for betterment. In this guide, we will take you through the process of improving the performance of your huge business, or converting your small moving business into a much bigger one.
Lease a Truck
Whether you’re a trucker or own a moving business, leasing a truck can be a great way to boost your business’s performance. Some of the advantages are:
- It can free cash flow and give your business the flexibility it needs to grow
- It is more affordable than purchasing
- Leasing a truck can give you the flexibility of newer technology. With new trucks on the market every year, you’ll have a wide variety of options to choose from. You can even find newer trucks with eco-friendly engines and other advanced technologies designed to help you save on fuel.
- Leasing a truck can also save you money on maintenance. A leased truck is backed by managed maintenance programs through the leasing company. You’ll also have peace of mind knowing that you’re covered in the event of an emergency.
Leasing a truck involves a commitment of a few years, but in return, you’ll have a new truck that’s ready to go when you need it.
Use Credit Cards Wisely
Using credit cards wisely can improve the performance of your moving business in a variety of ways. Among them is the ability to make purchases without having to lug around cash. It also gives you the benefit of zero fraud liability and offers a slew of perks in the form of credit card rewards.
Using a credit card may not be for you, but if you do, there are ways to boost your bottom line. These include using a business credit card in conjunction with a business checking account. This can reduce your receivables and improve cash flow. If you choose to take out a loan for some reason, make sure to get a credit card that offers a low-interest rate and pay it off in full each month.
Get Social and Ask for Reviews and Testimonials
Getting social and asking for reviews and testimonials is an excellent way to improve the performance of your moving business, regardless of how big or small it is. 85% of consumers trust online reviews more than personal recommendations. It is also important for modern brands to have positive online reviews. There are a few quick and easy tips that have helped brands increase their positive reviews.
If you’re out-of-state or international movers, shipping goods and valuables across shores, it is always advised to have a robust social media promotion strategy, with the help of web experts that know the art of SEO & SMO like the back of their hands.
You should make an effort to respond to all reviews that are left on your Facebook page. You can thank the reviewer humbly as it will encourage them to return and engage with you or hire you in the future. While this may seem trivial, it results in your customers returning with positive reviews and bringing in more customers via their reviews and recommendations.
Allow Your Workers More Freedom While Keeping Gas Expenses Under Control with Business Prepaid Cards
You should be aware of the new tool of business such as prepaid cards, which incorporates never-before-seen technology to manage costs and provide unparalleled real-time insight into employee spending. Despite your confidence in your workers, you shouldn’t give them money up ahead. Give them a commercial prepaid debit MasterCard instead, like the Bento Card, to reduce the risk of payment fraud or embezzlement and boost your business’s cash flow.
While employees are an essential part of any business, you have to put your company first. By restricting petrol purchases to the pump, you may plug the “leaks” in your budget caused by workers using their own money to buy unnecessary refreshments like energy drinks and coffee.
Reduce the Length of Your Receiving Period
Reduce the amount of time it takes for you to collect your debts. It has a significant positive impact on your available cash. The most effective strategy for increasing the amount of money you are owed by consumers is to negotiate a crystal-clear contract with them before starting to work with them and ensure that they fully comprehend the terms of the deal. You need to be rewarded more quickly so that you may proceed with your following step.
You can also boost your business by providing precise and timely invoices as it will encourage prompt payment from your clients.
Customer Care Always Comes First!
The most important step toward the betterment of your business’ performance is ‘always put the customer first.’ Research shows that the companies that put customer care on priority are always ahead of those that prefer other departments to focus on.