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Will Electric Bike Sharing Replace eBike Ownership?

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Will Electric Bike Sharing Replace eBike Ownership

If you look around in any major city, you will likely see bike share stands all over the place. This has become a popular business model during the 2010s and early 2020s. Increasingly, there is interest in sharing electric bikes. Will this replace electric bike ownership for many people? Is the model not quite the same when you add an electric motor?

The Advantages of Bike Sharing

The key benefit of bike sharing is that you don’t have to own your own electric bike. This means that there is no need to pay for it or maintain it. Of course, there is a fee to use the bike each time, which is significantly more than the operating costs (most shares are for-profit businesses). Nonetheless, it can make economic sense for riders in some situations.

Furthermore, there is greater convenience associated with sharing. For example, you don’t have to find a place to charge your eBike. Instead, it will be charged at the bike share stand.

From the perspective of the business, renting out electric bikes can often mean a greater return on each model. A rented bike will earn a lot more over time than a bike sold once, even a high-priced one.

The Advantages of Bike Ownership

Of course, the main benefit of bike ownership is the fact that, once you have purchased it, you can use it however and whenever you like. For each ride, this is usually a lower cost. Furthermore, you don’t have to rely on a bike being available to be shared.

There is a big drawback of electric bike sharing for businesses that doesn’t exist for sold bikes: they’re complicated. Most standard bike sharing businesses use single-speed, basic bikes. They are super reliable and require little maintenance. Even the simplest electric bike needs proper maintenance and care. For example, an inexperienced rider may completely drain the battery riding an electric bike uphill all day. If this happens too often, it will ultimately hurt the eBike’s battery health. Bike owners normally know more about how to care for their motors and batteries.

Which Is Better?

It is unlikely that electric bike sharing will ever completely replace eBike ownership. For people who commute every day, owning an eBike is almost always better. More casual users may find some benefits from electric bike sharing. However, this is only if there is sufficient supply. With some of the logistical and maintenance issues associated with electric bike sharing, this may not be an option.

There is the added wrinkle of theft risk. Electric bikes can fetch a good sum on the secondary market (because they’re great!). From a rider’s perspective, bike sharing is better because the risk is shifted to the bike sharing company. Of course, the relatively high value of eBikes may make many bike sharing companies hesitant to share them.

Learn More

If you’d rather own your own electric bike, you can order one today. For example, you may want to get an electric beach cruiser fat tire bike for riding along the sand. Alternatively, you may want a hybrid bike for commuting. Whatever you prefer, find the right eBike for your needs today.

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5 Tips for Managing a Successful Auto Shop

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There are over 277,000 auto shops in operation throughout the United States. Are you currently managing one of them?

When it comes to running an auto shop, there’s a lot on your plate each day. Not only do you have to make sure the cars and trucks your customers bring in are being cared for, but you also have to support your staff and ensure they’re being treated in a fair and respectful way. 

If you’ve been feeling overwhelmed by the ins and outs of managing an auto shop, read on. Listed below are 5 tips that can help you feel more confident and in control.

1. Understand the Company’s Mission and Culture

This tip applies whether your repair shop is part of a franchise or is independently owned and operated. In either case, a clear understanding of the company’s mission and culture will help to guide your management decisions and ensure you’re embodying the right kinds of values.

If your shop is part of a franchise, read through the company’s onboarding or orientation materials for a refresher on the mission and culture guidelines.

Think about the kind of service that the business owners want each customer to receive. Consider, too, what kind of a workplace they want the shop to be for all employees.

With this information in mind, it’s easier to evaluate your current performance and identify specific ways in which you can improve.

If you own and manage the shop and haven’t already established the company’s mission and culture guidelines, now is a great time to do so.

Start by drafting a mission statement for your business. Then, set some ground rules when it comes to the way the business operates. These guidelines should cover the way customers are treated,the way employees treat each other, and the way you treat employees.

2. Set Clear Goals

As a manager of an auto repair shop, it’s your job to set clear goals for yourself and your team. Goal-setting helps everyone to stay motivated and committed to making the shop a better place for employees and customers. 

When setting goals, make sure they’re “SMART” goals. SMART is an acronym. It stands for Specific, Measurable, Attainable, Relevant, and Time-based.

Use these criteria to set the right kinds of goals for yourself and your team. Goals are much more likely to be met if they’re specific, attainable, have clear metrics that you can use to determine progress, and have a set deadline attached to them. 

In addition to setting goals for everyone else, it’s best if you can give your team members opportunities to set goals for themselves as well. This helps them to feel more accountable and gives them a chance to take ownership over their performance and progress.

Schedule regular goal-setting meetings so everyone has a place to share their goals and explain what steps they’re going to take to accomplish them, too.

3. Evaluate Team Performance Regularly

Another benefit of having regular meetings for yourself and your car shop employees is that they give you a chance to evaluate team performance. Everyone can use these meetings to share their goals, of course, but they can also use them to share which goals they’ve met and what kinds of milestones they’ve hit over a certain period.

It doesn’t matter if you evaluate team performance each week, each month, or each quarter. The key is to have a schedule that you stick to, no matter what happens.

If you go too long without regular performance reviews, your team will feel less accountable to you and to the company. This, in turn, can lead to stagnation and can make it harder for everyone to hit their goals and keep the company on track.

4. Organize and Secure the Shop

As a manager at a car repair shop, it’s your job to ensure everything stays organized and secure.

When it comes to organization, this means establishing and maintaining a solid filing system that helps you make sure everyone’s documents are in order and are accessible to the right people.

Consider using shop management technology to manage your employees and their schedules as well. As the experts who created the Tekmetric mechanic shop program have pointed out, these systems can help you handle interactions with customers, manage inventory, and more. 

As for security, create a plan to protect the shop and its customers. This includes securing the facility itself (i.e., making sure all doors can be locked tight), protecting vehicles, and protecting cash in the register as well as people’s credit card information. All customer information and employee records should be locked down, too, to prevent potential data breaches.

5. Take Responsibility

Finally, as a manager of an auto shop, remember that everything, both good and bad, is your responsibility.

Taking responsibility doesn’t mean that everything that goes wrong is your fault. However, it does mean that it’s your job to deal with the fallout and ensure the same issue doesn’t happen again. 

Remember, too, that taking responsibility as a manager also doesn’t mean doing everything yourself. By delegating to trusted team members, you reduce your chances of making mistakes or forgetting important details that can negatively affect the shop. 

When you accept responsibility for your shop, you’ll likely find that it’s easier to stay motivated and, in turn, to motivate your team. You may experience a greater sense of purpose, too, and will be more engaged in the day-to-day processes that keep the shop up and running.

Level Up Your Auto Shop Management Today

Managing an auto shop can be tricky, but it’s not impossible. After implementing these 5 tips into your management practices, you’ll find that you have an easier time handling customers, supervising employees, and making sure the shop runs as smoothly as possible.

Do you need more advice on the right way to run your shop? Check out the business section of our site today. From best marketing practices to tips on accounting and bookkeeping, you’ll find everything you need here.

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Can I Rent Luxury Cars on Vacation? YES!

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Do you have a luxury vacation coming up?

Perhaps you’re planning to dine at the nicest Parisian restaurants and then fall asleep in your room at the Ritz. Or maybe you’re a bigger fan of the tropics and can’t wait to sunbathe and scuba dive in the Fiji Islands. You might even keep it local, hitting up New York City for a thousand-dollar, gold- and truffle-flaked bagel.

Well, luxury vacations require extravagant essentials (we’re not just talking about Dr. Barbara Sturm’s $225.00 FLIGHT ESSENTIALS KIT or Zestt Organic’s cotton travel set, complete with eye mask).

Can you rent luxury cars when you travel—or will you be stuck sightseeing in a Toyota? What are your odds of securing a Lamborghini, a McLaren, a Ferrari? Is there a Bentley or Rolls Royce in your future?

Buckle up and keep reading for everything you need to know about luxury car rental.

Treat It Like a Standard Car Rental (Even Though It’s Not)

Just as you’d rent a traditional vehicle, you can rent an exotic car by similar means. It requires the same type of research—seeing what establishments nearby offer luxury cars for vacationers—and booking. 

Car rental companies typically offer a wide range of vehicles that run the gamut of pricing. Similarly, you can rent a car for one single day or the whole leg of your trip, depending on your wishes. 

Google keywords like “luxury car rental near [name of destination].” Compare results based on price, availability, and preferences. Confirm your reservation, and voilà—you’ve secured a Cadillac Escalade for three days in Bora Bora.

With Luxury Comes a Higher Price Tag: Consider the Budget

Luxury doesn’t always mean endless pockets.

You might be interested in driving around a luxury car, but not enough to spend more on it than you would mouthwatering meals, awe-inspiring hotels, and fun adventures. If that’s the case, narrow down how much you’re willing to spend on a vehicle and then start comparing.

Let’s consider some of the vehicles we’ve mentioned so far:

  • Cadillac Escalade | $595/day
  • Bentley Continental GT | $995/day
  • Ferrari 488 GTB | $1,295/day

As you can see by these numbers, luxury is still flexible!

See If Your Insurance Lets You Rent Luxury Cars

Finally, it’s important to check with your insurance company about coverage beforegetting behind the wheel.

Most comprehensive and collision insurance policies do cover rentals—but only of vehicles similar to your own. This is fine for individuals who already own and insure a luxury vehicle.

But, if you’re driving something more low-key at home, your policy might not cover the full cost of repairs in the event of an accident.

Vroom, Vroom, Vacation! 

Not only can you rent luxury cars while you travel, but you should—especially if all the other elements of your trip are expensive. 

Why not splurge on what gets you from A to B? It’s like taking a first-class flight. You wouldn’t settle for economy knowing those in the front of the plane are getting treated to fresh-squeezed orange juice mimosas and a delicious charcuterie board.

Use this guide to help you through car rental, and don’t forget to wear your seatbelt.

Need more trending content to keep you entertained on long flights? Keep scrolling our page!

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VEHICLE’S ENGINE AND BODY PARTS

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VEHICLE’S ENGINE AND BODY PARTS

Everyone knows that there are countless car parts and that the engine is the most important part in a car, but many people should not know that the engine is not the most expensive part in a car, nor is it the engine, but the body frame. Next, let’s introduce the approximate proportion of each part to the total value of the car.The exterior part is roughly divided into the front part of the body and the rear part of the body, and the names of the parts and parts are explained.Let’s take a closer look at the Track Tech parts and parts such as the bonnet, roof, pillars, bumpers, fenders, side sills, windshield at the front of the body, and the rear bumper, back door glass, rear wiper, and trunk lid at the rear of the body.

Part name of the front part of the body:

Introducing the names and roles of parts and parts that can be seen from the front and sides of the exterior of the car.

Bonnet:

The car has an engine room for mounting the engine. The lid of this engine room is named bonnet and is sometimes called the engine hood.

The bonnet has the role of protecting the engine from rain and wind, and softening the impact when it collides with a pedestrian.It can be opened and closed for engine repair and maintenance.

ROOF:

The roof means a roof when translated into Japanese, and as the name implies, it is the part that becomes the roof of a car. It has the role of protecting the occupants from rain, wind, snow and sunlight.

Normally, an iron plate is used as the roof material, but plastic, aluminum, carbon, etc. may be used to reduce the weight of the car body, or glass may be used to brighten the interior of the car and give a feeling of openness.

The first is car interiors, which accounted for 10% of the total value.

The car is used not only to drive, but also to ride. Especially now that people are rich, they naturally pursue a better and more comfortable environment, and their requirements and prices will naturally not be low. Today’s car interiors are not uncommon, whether they are LCD touch-screen instruments or all kinds of real leather and solid wood. They are often carefully designed by designers, and various tests such as flame retardancy and abrasion resistance are required. If it is very good, the price will not be low if it is tested to a very late car, and this proportion is considered normal.

Then there is the transmission system, which accounts for 10% of the total value.

what is this? This is a system through which the engine transmits power to the wheels, and the gearbox is also part of it. Although the current transmission system is various, there are front and rear drives, and optical four-wheel drive, but as a system for transmitting kinetic energy, the price is naturally not low.

As the most important part of a car, the engine accounts for 15%.

As the core technology of the engine, its complexity is beyond imagination, and the research cost is naturally very expensive. And the engine often does not exist in isolation, it also needs a cooling system and an electronic control system, that is, the water tank, air conditioning, etc., so the proportion is naturally not low.

The latter is the body structure, which also accounts for 15%.

The body of a car is like a human skeleton. It is the mounting base for the engine and the chassis. Its design is also very demanding. It cannot be erected by a few steel frames, but must be close to a millimeter. The most important thing is that the frame determines the safety of a car. It is the thing that protects us most while driving. With it, the car can be assembled. In some cars, although the iron skin is not thick, it is fine after the collision, because the body structure is good enough. Therefore, as such an important part, it also accounts for the same proportion as the engine.When buying a car, you must not only look at the engine, but also look at the body structure. Because the engine is not the most expensive one, your own safety is even more important.

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