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Showing posts with the label Accounting & Tracking

Business continuity and preparedness

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  “If you are not ready to fail, then you are not ready to succeed.” What do you do when your equipment breaks, and you do not have another one that can replace the broken one? You panic. You jump on the internet and try to find the Jack-of-all-trades who might have another or who may be able to repair your broken equipment. The underlying problem is you technically do not have a back-up plan to keep your business running and making money. If something breaks and you do not have a quick solution to repair it, then you’re likely going to be faced with a problem that will cost you money and potentially lead to making no money. For your business to continue even when things break, you need to have extra parts and equipment and/or partnerships with people who can quickly repair your things. Being prepared means being ready to fail. If you are not ready to fail, then you are not ready to succeed. "The story continues..." by SomeDriftwood is licensed under CC BY-NC 2.0

"Value"

"Being value focused helps facilities management to intentionally add value to its organization’s business competitiveness." Unknown

Sometimes, spending more equals more.

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“The cheap decisions today feel like good decisions, but they are often not the best decisions.” HVAC systems with higher SEER ratings that cost less to operate are a good investment. Toilets that flush with a greater force reduce clogs and plumbing repair costs. The goal of spending money on your business should be to spend it efficiently and wisely. If you purchase a cheaper POS HVAC system, then you should not expect 40 years of operation from it. Similarly, if you purchase a cheap toilet and your business sees roughly 500 customers daily, you should expect plumbing costs associated with your frugal plumbing component decision. If you invest your repair,  maintenance, and capital funds into long-lasting, worthy equipment, you should see a good return on those investments. The cheap decisions today feel like good decisions, but they are often not the best decisions. Sometimes, when you spend a little more—or even a lot more—you get something a whole lot better. Spend wisely! "Lo...

Your television has a remote. Why doesn’t your business?

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“Stop working harder when the world around you has made easy to work smarter, and automate your workspace to make managing multiple systems easier.” Wi-Fi, Bluetooth, and network-connected technology have become so commonplace that, if you are not trying to make the things around you smart, people may start thinking you are stupid. Technology offers us a world of opportunity to remotely control a slew of items at work, and leveraging technology can save you time and money. Did you leave the lights on in the workshop? Set a timer to turn them off or flip a switch on the screen of your smartphone. Did you forget to adjust the HVAC thermostat before you left the office? Log in to your temperature control app and turn the thermostat up or down. Basically, take that task that previously required physical effort and turn it into a digital task that takes seconds to complete. Stop working harder when the world around you has made easy to work smarter, and automate your workspace to make manag...

“Identity”

"If we do not establish our identity in Facilities Management, others will. Our recognition depends on what value contributed to occupants and organizations, today." Unknown

Why is that thing running when no one is there?

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“Being smart about your background expenses is the best way to manage your facilities.” If the doors have been locked and the lights have been turned off, then why is the equipment that does not need to be on still running? This concept sounds so simple, but several businesses leave nonessential equipment running when they are closed. Spending money while you are not making money makes no sense. The copier goes to sleep when it is not in use. The computers hibernate. The air conditioning system, whose thermostat is set to 65 degrees, will run all night when you are not there. Being smart about your background expenses is the best way to manage your facilities. "Tap with running water" by leunix is licensed under CC BY-SA 2.0