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Should I buy a car for the transportation of my staff?

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Should I buy a car for the transportation of my staff?

As we started 2022, I told my team at Ameyaw Debrah Media that I would review their salaries by mid-year because I had seen a lot of improvement in the quality of the work.  But before leaving town for Coachella in April, the team called me for an emergency meeting to raise a few concerns before I left.

At the core of their concerns was the impact of rising food and fuel prices on the cost of moving from their homes to the office to work. Due to the compounding impact of COVID-19 and the new realities of the Russian invasion of Ukraine, fuel prices had changed more than five times in the past two months.

In May 2022 Blomberg reported that surging food and fuel prices are adding to inflation pressures across Africa. In Ghana, the headline figure hit an 18-year-high despite measures aimed at taming prices.

So when the team raised concerns about the review of salaries, earlier than I had scheduled, I understood them perfectly. I effectively raised their salaries to give them a little buffer until things were a lot more stable.

Read Also: 6 Reasons To Be A Work At Home Mom

Today, daily commutes to work can be challenging for most employees living far from work. It has become stressful, daunting, and costly! I see some of my team members arrive to work exhausted on a daily, which directly leads to a decrease in productivity and performance.

This has led me to explore the possibilities of buying a vehicle for the purpose of transportation for staff. I believe that staff transportation is necessary and not a luxury because it can ultimately have a positive impact on business productivity, employee morale, and company performance.

But what kind of vehicle would work best for me in this instance? What can I afford for this purpose and what would be the other cost implications of having such a vehicle? How can we run a vehicle for staff in a cost-effective manner?

In terms of buying a vehicle, carpaymentcalculator.net gave me a fair idea of what to expect with considerations such as type of vehicle to purchase, buying a new versus a used vehicle, and getting a trade-in among others.

Being able to calculate the price of a vehicle that fits a monthly payment or loan payment amounts, and printable amortization schedules make it easier to decide on what would work best for me.

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2022 Kia Forte

Since the high cost of fuel has led me to explore getting a car to use as the transport for staff, it would only make sense if the car I purchase has a low fuel consumption rate.  After calculating what would be a reasonable fuel budget, the Kia Forte comes in as a good option. It is especially good on the highway, with an EPA estimated at 41 mpg. The base price is $20,115 with an EPA total range of 490 miles, and a 147 horsepower.

Read Also: Some unusual ways you should be relaxing after a busy week at work

Nissan Versa

Nissan Versa

Another car that got my attention is the Nissan Versa which starts at a wallet-friendly price of $19,615. Looking at the reasons for wanting a new car, I think the latter is more cost-effective. The Nissan Versa will surely serve the following purposes:

Employee Punctuality

With a dedicated car for staff, I have some assurance that they will work on time. I hope this will give the team a sense of teamwork and enthusiasm.

Cost-Effective

Staff can find ways to reduce their transportation costs and all the reimbursements I have to do from Uber or Bolt fares when they go on assignments will also reduce. I will have better control over travel expenses that involve work.

Company Reputation

Imagine what an Ameyaw Debrah Media branded vehicle can do for company’s reputation whenever my team arrives at a location for an assignment.

With all these potential benefits of getting a vehicle for team Ameyaw Debrah Media, I guess the only thing left to do is to crunch the numbers with the finance department to see what we can come up with.

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2 Comments

2 Comments

  1. PoultryABC

    June 14, 2022 at 11:08

    Staff motivation should always be prioritized. They chose to work for your media and not any other. If they deserve it, give it to them.

  2. Ameyaw Debrah

    June 14, 2022 at 13:57

    well said

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People & Lifestyle

5 Ways to Get More YouTube Views

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Promolta shares the 5 best ways to get more views on your YouTube videos. If you follow these tips, your videos will gain more traction. (more…)

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Simon El-Longwell reveals his intents for PUSAG Presidency 2022

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The mantle of leadership transcends from one generation to another successive one which builds a large prospects of development in our various institutions, organizations and perhaps countries. (more…)

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Crazy online gaming Wins: Biggest in the world!

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The online gaming and esports industry has boomed in recent years, with millions of individuals taking part in these games worldwide.

With such explosive growth, there have consequently been a number of substantial prize purses, made all the more fascinating due to their sheer magnitude. Similarly, staggering winnings are sometimes seen by online gamblers, too. For example,’BetMGM Awards Over $800K’ was recently in the news in one lucky US state.

While we can’t tell you how to get lucky when gambling or gaming online, we are going to show you some of the biggest wins from online gaming. 

How do Gamers Win Money? 

Below, we’re going to show you how gamers have made money by winning some of the most prestigious online gaming tournaments in the world. But, there are other ways these professional gamers make money

 

Some have paid sponsorships and partnerships with gaming companies, computer brands, and even global giant drinks manufacturers like Red Bull and Mountain Dew. 

 

Others are paid salaries from the teams or leagues they belong to – it really is just like any other sport in this regard. 

1. Fortnite World Cup (2019) – $30.4 million 

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It’s no secret that Fortnite is one of the most popular video games in the world right now, and the first-ever Fortnite World Cup is also one of the highest-ever online gaming wins.

In 2019, over $30 million was awarded to the winning players – the winning solo player, Kyle Giersdorf, took home $3 million, while David W and Emil Pedersen split $3 million between them as the top-ranking duo. 

 

Winning contests isn’t the only way players earn from Fortnite, though. It also has a huge following on Twitch, with many gamers making a decent amount of money from live-streaming their gameplay to their adoring fans. 

 

Fans have to pay to subscribe to their favorite channels, and there are often different tiers available for those who wish to show more support. So, for someone streaming a popular game such as Fortnite, this is a great way to make a steady income. 

2. Honor of Kings World Championship Cup (2021) – $7.7 million 

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Last year’s Honor of Kings tournament, the World Championship Cup, was hosted in Beijing. Twelve teams of the best Honor of Kings players entered the contest, with the winning team ultimately taking home a cool $7.7 million between them. 

 

The battle was closely fought between two teams, Gank Gaming and QG Happy, with the latter eventually coming in the number-one spot and claiming the colossal prize. 

 

The tournament is going to be even bigger in 2022, with a prize pool of $10 million for the winning team. It’s expected that 16 teams will take part in this year’s event. 

3. Call of Duty League Championship (2020) – $4.6 million 

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Call of Duty has been popular for almost two decades – fans were playing the series long before online gaming and esports became big. But, it’s only more recently that players have been able to make considerable sums of money from playing their favorite first-person shooter. 

 

Call of Duty is so popular it’s not just one event but an entire league dedicated to it! At the end of the League, Dallas Empire won the Championship event and netted themselves the tidy sum of $1.5 million. 

 

4. The International 10 (2020) – $40 million 

Dota 2’s annual championship event in 2020 was the biggest of its kind to date, and one of the biggest ever online gaming wins ever. With a total prize fund of $40 million, it’s no surprise that the 16 teams who entered fought so fiercely to emerge victorious. 

 

After various rounds and stages, Team Spirit from Russia netted themselves over $18 million to share between them. The tournament was held in Bucharest, Romania, at the Arena Naţională. 

Final Thoughts

Aren’t esports exciting? It’s one of the fastest-growing industries in the world, and it has only just begun to hit its stride. So, expect the prize funds given out at these tournaments to grow year on year. 

 

If you keep practicing your favorite game, maybe you too could one day join the likes of these players and teams above and become a multi-millionaire overnight. 

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People & Lifestyle

Itel Ghana Donates Library and School Items worth GHC40,000 to Ayikai Dablo M/A school

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Itel Ghana Donates Library and School Items worth GHC40000 to Ayikai Dablo MA school6

Itel Ghana this Friday 24th June 2022  embarked on yet another corporate social responsibility project themed “ itel Wandering Library Project” in the Ayikai Doblo M/A Basic School. (more…)

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African-centric video games leap forward

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The number of gamers has skyrocketed in Africa, going from 77 million in 2015 to over 185 million by the end of 2021. Driven by ever-improving Internet access and the increasing affordability of smartphones, mobile gaming is leading the way. Estimations project that nearly 95% of African gamers use mobile devices. With 650 million smartphones in circulation, the mobile gaming market is even expected to grow at an annual 12%. And as gaming booms across the continent, so thrives the demand for games made in Africa. (more…)

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People & Lifestyle

Best small business ideas to promote online

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If you have a passion for doing something but are lacking the capital you may be wondering how to start a small business with little money. Well, you are not alone. There are thousands of people just like you who are looking for the best ways to make money. The internet is a great resource for finding your clients. On the platforms like https://fee4bee.com/, you can use your skills and expertise to start your own small business and offer your services to sell a product online.

First, you must decide on your small business idea. Before choosing an idea, be sure to get some input from friends and family members. Often, they can help you come up with ideas that will help you earn money while still having a great time. And don’t forget to have fun while working! It’s very important to find a business idea that you can enjoy.

Starting a small business in Сanada

You have decided that starting a small business in Canada is the right choice for you. While it might seem like an overwhelming task, it does not have to be. You can start your own business while working your current job and still have time to devote to your new venture. Start by developing a business plan, which will outline your goals, milestones and success measures. Some of the most important parts of a business plan include the objective of the business, the market position, the competitive landscape, financials, and target market information. Before submitting your plan, you should know the differences between the various business structures that are available in Canada.

A winning business idea is essential to starting a small business. When creating your business plan, focus on the latest technologies and trends, and fill a gap in your local industry. You should also consider the needs and interests of potential customers to ensure that you have a profitable business. 

Small business ideas for little money

There are countless small business ideas for little money out there, but which one is right for you? While money is always a motivation to get started, there’s more to the idea than just making money. To find the right idea for you, bounce it off of friends and family to get their feedback. Also, don’t be afraid to have fun while you’re working! Listed below are some of the most popular small businesses:

  • Handyperson. One of the best small business ideas to start is to provide a service. Although this may not be the most passive form of self-employment, it is a viable choice if you have specific skills and time that others would be willing to pay for. Such businesses can range from home repairs to building construction. To be a handyman you don’t need a large amount of capital to get started.
  • Furniture assembling. If you know how to assemble Ikea furniture, you can start a profitable business. As the popularity of Ikea furniture grows, you can expand the service to other areas. Who knows maybe someday you grow into a full furniture factory.
  • The pet industry is also ripe for small business ideas. From grooming services to dog walking services there are countless opportunities. Dog walking is a common service, and you can set a schedule for walks and charge a flat rate. You can also offer pet boarding services if you are interested in earning extra money. 
  • Video content making. If you want to run a small business, you can opt for video production. Video content is popular across various social media platforms and on the internet. Whether you wish to produce videos for your own business or for clients, you can learn the skills of cutting, editing and shooting videos. Even if you do not have any previous experience in video production, there are many online courses that will teach you the skills.
  • If you’ve recently quit your job and still have the expertise to offer, you can turn that knowledge into a business. Consulting services, for example, are in high demand, with a $263.5 billion market expected by 2022. You can turn your knowledge and experience into a business by filling a need in the market. Many consultants are needed across different industries, and they charge for their services.

These small business ideas are a great source of extra cash, and they’ll also give you a sense of independence. So, start today. Don’t wait until your next paycheck is coming in – invest in yourself and your small business idea today.fee4bee small business ideas img2

How to promote small businesses online?

There are many cost-effective ways to promote small businesses online. Two models of promoting your business online include your own website promotion and cooperation with grand marketplaces.

Not for all the local businesses you need a business website. You have to build high-quality landing pages on your site and budget for large expenses so that the website generates income. 

If you don’t have the time or the budget to do this yourself, you can consider alternative ways to promote online. Social media presence and services marketplaces are great places to list your business for free. These sites are often well-known with high search engine rankings. Listed businesses tend to get local customers. Profiles on these marketplaces don’t take long to set up and can help you promote your business to nearby customers. 

Reviews are another way to get local customers to try your business. Word-of-mouth can be very powerful for your small business. Getting customer feedback on services platforms is the best. This way, potential customers can read what others have to say about your business and decide if it is the one for them.

Another free way to promote your business is through social media. Tik-tok, Instagram, and Pinterest are among the most popular social media sites. Make sure to include your contact information on your page, and create useful and engaging content to attract users. These platforms are great for local businesses because they can promote their products and services 24/7.

Using video on your social media is a great way to reach a wide audience for free. Also, you can use hashtags and contests to increase your exposure. Update your profile regularly. And don’t forget to follow your competitors, too. These social media sites are a great way to reach local customers.

 

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