The Story of Rome: From Ancient Empire to Eternal City
Alphabet Inc.: The $1.78 Trillion Tech Titan Shaping Our Future
21 Tombs Around the World Tales of Power, Belief, and Architecture
Insilico Medicine Chief Business Ofcer
The Story of Rome: From Ancient Empire to Eternal City
Alphabet Inc.: The $1.78 Trillion Tech Titan Shaping Our Future
21 Tombs Around the World Tales of Power, Belief, and Architecture
Insilico Medicine Chief Business Ofcer
MARKETING COORDINATOR (AMERICAS)
Peter J.
PR & MARKETING COORDINATOR
James H.
BUSINESS DEVELOPMENT EXECUTIVE
Erin P.
CREATIVE CONTENT EDITOR
Shalmali W.
CREATIVE DESIGN HEAD
Sankalp K.
GRAPHIC DESIGNER
Mahadev P.
SOCIAL MEDIA MANAGER
Narendra S.
DIGITAL CIRCULATION MANAGER
Amanda V.
IntherapidlyevolvingworldofAI-drivendrugdiscovery, standsasabeaconofleadership MichelleChen andinnovation.Asthe at shebringsauniqueblendofscientific ChiefBusinessOfficer InsilicoMedicine, expertiseandbusinessacumen,propellingthecompanytotheforefrontofthebiotechindustry.Michelle’s passionforscienceandherabilitytobuildhigh-performingteamshasmadeherakeyfigureinthesector, drivingimpactfuladvancementsindrugdiscovery.Herjourney,whichbeganwithachildhoodfascinationfor science,hasnowpositionedherasoneofthemostinfluentialbusinessleadersin2024.
GrowingupinShanghai,MichellewasinspiredbyscientificlegendssuchasMadamCurieandThomas Edison.Herearlydesiretouncoverthemysteriesofnatureledhertopursueadegreeinbiochemistryat ZhongshanUniversity.Atjust19,shemovedtotheUnitedStatesonascholarshiptocontinueherstudies, ultimatelyearningaPhDinBiochemistryfromtheUniversityofWashington.Heracademicpathwasfurther shapedbypostdoctoralworkatUCSFandbioinformaticstrainingatStanford,whereshewasmentoredby NobelLaureateswhoinfluencedherscientificandleadershipdevelopment.
Transitioningfromacademiatoindustry,Michelleexcelledinvariousroles,fromR&Dandproduct commercializationtobusinessdevelopment.AtInsilicoMedicine,sheappliesherextensiveknowledgeto bridgethegapbetweengroundbreakingAItechnologiesandreal-worldapplications,particularlyindrug discoveryanddevelopment.
AsoneofTheMostInfluentialBusinessLeadersToFollowin2024,MichelleChencontinuestoinspire futurescientistsandinnovatorsbydemonstratingthepowerofscience,technology,andleadershipinshaping thefutureofhealthcare.HercommitmenttoadvancingAI-drivensolutionspromisestoredefinethe landscapeofmodernmedicine.
Shalmali W. halmaliS
MichelleChen,theChiefBusinessOfficer Insilicoat Medicine,exemplifiesthefusionofscientificpassionand leadershipexcellence.Fromherearlyfascinationwith sciencetoherpivotalroleinadvancingAI-powereddrug discovery,Michelle’scareerisatestamentto perseverance,innovation,andvisionaryleadership.At InsilicoMedicine,aleaderinAI-drivenbiotechnology,she overseesaglobalteamattheforefrontofusingAIto revolutionizedrugdiscoveryanddevelopment,bringing transformativesolutionstolife.
Michelle'spassionforsciencewassparkedduringher childhoodinShanghai,whereshespenttimechasing butterfliesandgazingatthestars,captivatedbythe wondersofnature.InspiredbyscientificiconslikeMadam CurieandThomasEdison,Michelleaspiredtouncoverthe lawsofnatureandmakeadifference.Herjourneytookher fromstudyingbiochemistryatZhongshanUniversityin ChinatoearningaPhDinBiochemistryfromthe UniversityofWashington,andcompletingpostdoctoral workatUCSF.Shefurtherhonedherskillswith bioinformaticstrainingatStanfordUniversity,guidedby NobelLaureatessuchasDr.EdwinKrebs,Dr.EdFisher, andDr.LeeHartwell.
Heracademicpathledhertothebiomedicalfield,andshe transitionedintoindustryrolesinR&D,marketing, businessdevelopment,andinvestment.Hercareerhas beenmarkedbysuccessfulcontributionstodrug discovery,commercialization,andbuildingstrong, innovativeteams.AtInsilicoMedicine,sheisnowleading effortstointegrateAIwithdrugdevelopment,bridgingthe gapbetweengroundbreakingtechnologyandreal-world medicalimpact.
The Story of Rome: From Ancient Empire to Eternal City 21 Tombs Around the World Tales of Power, Belief, and Architecture
Alphabet Inc.: The $1.78 Trillion Tech Titan Shaping Our Future
To Buy or To Rent - 6 Factors to Consider Before Getting a Forklift for Your Business
Leadership today is not about having all the answers or always being in control. It's about overcoming the unexpected, staying open to new ideas, and nding ways to bring out the best in everyone around you. True leaders know that the path to success can be full of twists and turns, and they use these challenges as chances to learn and grow. They create spaces where people feel heard, valued, and motivated to push beyond what they thought was possible.
Michelle Chen understands this well. As the Chief Business Ofcer at Insilico Medicine, she combines a passion for science with a talent for building strong, innovative teams. From her early days inspired by the great minds of science to leading a global team at the forefront of AI-driven drug discovery, Michelle's journey has been all about adapting, learning, and leading with purpose. As a key executive of Insilico Medicine, she continues to explore new frontiers in drug discovery and development powered by AI, bridging the gap between innovative technology and real-world impact.
MichellewasborninShanghai,China, andherfamilyrelocatedfrequentlydue toherparents'jobs.Astheyounger childinafamilywithamucholder brother,therewasnoexpectationfor hertotakeonaleadershiprole. Instead,shewasgivenfreedomto choosewhatevershelikedtodo,from chasingthebutterfliesinthefield,to stayinguppastmidnighttowatchthe starrysky.Shebecamefascinatedby scienceandherchildhoodaspiration wastobecomeascientist,motivated byadesiretofocusondiscoveringthe lawsofnaturewithoutthecomplexities ofsocialinteractions.Herearlyheroes werescientistslikeMadamCurie, ThomasEdison,andGalileoGalilei, knownfortheirsignificantscientific discoveriesandcontributionsto society.Shewasthevaledictorianfrom herhighschoolandwasadmittedto multipletopuniversitiesinChina withouttheneedtotakethecollege entranceexamwhichwasrequiredfor moststudents.Eventuallyshechoseto studybiochemistryatZhongshan University.
Attheageof19,Michelledecidedto movetotheUnitedStatesonacollege scholarshiptofurtherhereducation. ShewentontoearnaPhDin BiochemistryfromtheUniversityof Washington,completedher postdoctoralworkatUCSFand receivedbioinformaticstrainingat StanfordUniversity,fulfillinghergoal ofbecomingascientistinthe biomedicalfield.Throughouther academicjourney,shehadthe opportunitytolearnfromleading scientistsandresearchers,including NobelLaureatessuchasDr.Edwin Krebs,Dr.EdFisher,andDr.Lee Hartwell,whogreatlyinfluencedher academictrainingandfuture development.
Upontransitioningfromacademiatoindustry,Michellehasachievedastrong trackrecordofsuccessinR&D,marketing,productcommercialization,business development,companybuildingandinvestment.Throughherversatilecareer paths,sherecognizedtheimportanceofteamwork,partnerships(internaland external),andexecution,particularlyintheareasofdrugdiscoveryand development.
Currently,Michelleisleadingaglobalteamofbusinessdevelopment professionalswithexpertiseindrugdiscoveryanddevelopment,AI,R&D,and operationsatInsilicoMedicine,totrailblazethenewandexcitingtechbiofield.
InsilicoMedicineisagloballyleadinggenerativeAI-driventechbiocompanyin theclinicalstage,integratingbiology,chemistry,medicine,andscienceresearch. ThecompanyemploysadvancedAIplatformsthatusedeepgenerativemodels, reinforcementlearning,transformers,andothermodernmachinelearning techniquesfordiscoveringnoveltargetsandgeneratingmolecularstructures withspecificproperties.InsilicoMedicineisfocusedondevelopinginnovative therapeuticsforavarietyofconditions,includingcancer,fibrosis,immunity disorders,centralnervoussystemdiseases,infectiousdiseases,andage-related conditions.
“
People tend to associate leadership with great success. But I think you can learn more from the "zig-zag" path to success.”
— quotes Michelle.
Years ago, Michelle led a crucial project and a team of 20-30 people at a large pharmaceutical company. Despite extensive preparation of technical materials, rehearsals, and stakeholder engagement, the management rejected the proposal due to budget constraints. This decision left the team feeling demotivated for a period. However, Michelle and her team persisted. When the budget situation improved six months later, they resubmitted the project proposal to management. Ultimately, the proposal was approved, and the project proceeded to eventual success. Michelle views resilience as a fundamental aspect of effective leadership.
“
I believe, to be successful, one needs to master the art of management."
— quotes Michelle.
AnearlyexperiencefromMichelle's graduatestudieswithDr.LeeHartwell influencedherleadershipapproach.Duringa yeastgeneticsclass,manystudentsdidnot performwellonanexam.Insteadof reprimandingthem,Dr.Hartwellofferedto discussanyconcernsaboutthegradingand invitedstudentstopresenttheirarguments. AlthoughMichelledidnotapproachhimat thetime,shewasimpressedbyhis willingnesstolistenandengagewith differingviewpoints,evenasaleading expert.LeelaterwonaNobelPrizein PhysiologyorMedicineandbecamethe PresidentofFredHutchCancerCenter,a leadingcancerinstituteintheworld. “I think being humble and motivating others to work toward a common goal is essential to strong leadership.” qualitiesMichelle aimstoincorporateintoherleadershipstyle.
Michellevaluesmentorshipasanimportant aspectofdevelopingeffectiveleaders. Throughouthercareer,shehashadthe privilegeofreceivingguidancefrommultiple mentorswhohaveplayedasignificantrolein shapingherlifeandprovidingsupportforher thoughtsanddecisions.
Inreturn,Michellehascommittedherselfto mentoringothers,includingstudents, scientists,R&Dmanagers,andindividuals consideringatransitionfromscienceto business.Shehaseitherservedorisserving onvariousnon-profitboardsandhas providedguidancetoorganizationssuchas BayHelix,CaliforniaLifeSciences,Canway Youth,theStanfordSPARKprogram,and schoolPTAs.Sheisalsoaboardtrusteeof BethanyCollegeaspartofhercommitment togivebackandimprovethequalityof highereducation.Becauseofher achievementandleadership,Michellehas beenselectedasoneofthisyear'sTop25 BiotechExecutivesbytheHealthcare TechnologyReport. (https://thehealthcaretechnologyreport.com/t he-top-25-biotech-executives-of-2024/)
Michelle's approach to decisionmaking in complex or high-stakes situations involves a threedimensional strategy: managing up, managing down, and managing laterally.
Managing up entails communicating effectively with superiors, including direct bosses and their higher-ups. These individuals typically prefer a concise summary of the issue and recommended solutions rather than detailed complaints.
Managing down focuses on conveying the vision to the team and motivating them to work toward the same goal. This involves spending additional time with the team to address the details and develop effective solutions.
Managing laterally involves collaborating with peers within the company and external partners, especially in business development contexts. This ensures that external partnership needs are met and aligns business development efforts with both scientic and business objectives.
AsperMichelle,exceptionalleaders aredefinedbytheirvisionandtheir skillineffectivelycommunicatingit, motivatingotherstostrivetowarda sharedobjective.Theyalsoexhibitthe braverytotakeonactionsthatmight bedivisiveorunpopular,guidingwith confidenceandrelyingonevidence ratherthanonlypowerandauthority
Inherleadershipapproach,Michelle consistentlyreinforcesherteam's overarchinggoals,especiallyintimes ofdisagreement.Additionally,she activelypromotesopencommunication andproductivediscussionamongthe managementteaminherroleasan executive,ensuringcohesive implementationafterdecisionsare reached.
Michelle'sVisionforAIInnovation
Michelleenvisionsafuturewhere leadershipinAI-powereddrug discovery(AIDD)significantly impactsthehealthcarelandscape.At theintersectionofdisruptive technologyandtraditionaldrug development,sheviewsInsilico Medicineasaleaderindemonstrating how AI can reduce time and costs whileimprovingsuccessratesindrug discovery
Sincethefieldisstillemerging,with AI-developeddrugsyettobeapproved bytheFDA,Michellebelievesthat leadershiprequiresvision,courage, andinnovation.Hergoalisnotonlyto driveInsilicoMedicine'ssuccessbut alsotofosteracommunityand consortiumthatsupportsothersinthe industry,ultimatelycontributingto advancementsthatbenefitpatients worldwide.
Michelle advises that the highest level of leadership is not about bossing people around but about guiding those whom you are leading. She believes that focusing on coaching rather than authority helps prevent ego from getting in the way of effective leadership.
By shifting from a mindset of “bossing” to one of “coaching,” communication channels improve, resistance decreases, and outcomes become more effective. Michelle emphasizes that true leadership should be based on inuence, fairness, encouraging good behaviors, and correcting bad behaviors. Empowering and developing others as leaders multiplies the impact and leads to lasting changes.
The best coaches inspire players. I want to be one of them.” “
— quotes Michelle.
Rome is often referred to as the “Eternal City,” and for good reason. With over 2,700 years of history, it stands as a living testament to human ingenuity, endurance, and the passage of time. The blend of ancient ruins, Renaissance art, and bustling modern life creates a city like no other—a place where every corner tells a story. But beyond the ruins and the relics, Rome offers a unique experience that seamlessly blends history with the vibrant pulse of a contemporary metropolis.
Did you know that by the early fourth century, the Romans had constructed a road network spanning an impressive 53,000 miles? Each Roman mile was about 4,800 feet and marked by a milestone, a simple innovation that gave rise to the age-old saying, “All roads lead to Rome.” These roads not only connected a sprawling empire but also laid the foundation for modern infrastructure as we know it today. They carried legions, traders, and ideas, weaving together the cultural and political heart of an empire that still captivates our imaginations.
NotriptoRomeiscompletewithoutvisitingthe Colosseum,astunningsymbolofancientRoman engineering.Oncehosting50,000spectatorsfor gladiatorbattlesandpublicspectacles,itsarchesnow echothedistantroarsofthepast.Nearby,theforum offersaglimpseintothedailylifeofancienttimes, wherehistoricalfigureslikeJuliusCaesarwalked. Witnesstheruinsintheirgoldenglorybyvisiting duringthesofthoursofdawnordusk.
(DecembertoFebruary)isquieter,withfewertourists andfestiveholidaymarkets,thoughit’scolderandcan berainy.Fortheidealmixofgoodweatherandfewer crowds,aimforApriltoJuneorSeptemberto October.
ThebesttimetovisitRomeisduringspring(Marchto May)andfall(SeptembertoNovember),whenthe weatherismildandcrowdsaremanageable.Spring offersbloomingflowersandpleasanttemperatures, whilefallprovidesbeautifulautumnsceneryandfewer tourists.Summer(JunetoAugust)islivelywith festivalsbutcanbehotandcrowded.Winter
TheVaticanCityissmall,butit'sfullofwonders. MasterpiecesofMichelangeloandRaphaelwillbe availableintheVaticanMuseums,whilefrescoesof theceilingintheSistineChapelshouldbepaidgreat attentionto.Itissaidtobethebiggestchurchinthe world-oneshouldbeimpressedbyitsarchitecture; however,itsviewofthedomeisincrediblyrich.Apart fromtheVatican,there'smuchmoretoexplore.The quietandsecludedAventineHillprovidesapeaceful retreat,offeringauniqueviewofSt.Peter'sBasilica throughthefamedkeyholeoftheKnightsofMalta. HistoryenthusiastswillenjoyvisitingtheCatacombs ofSanCallistoforanauthenticexperience.
Craving a taste of Italy? Rome offers a diverse culinary scene. Here are the top 5 best cuisines to try in here:
Pasta with guanciale, egg yolks, pecorino, and black pepper.
Sweet buns lled with whipped cream, a traditional Roman breakfast. Artichokes, either braised (alla Romana) or fried (alla Giudia).
Salt cod fried in a light, crispy batter.
Oxtail stew with tomato, wine, pine nuts, raisins, and spices.
A perfect blend of simple ingredients, a Roman pasta staple.
A unique, historic pastry found at places like Pasticceria Regoli.
A Roman classic, showing off the versatility of artichokes.
A delicious Roman appetizer, crispy and avorful.
One of Rome’s richest and most avorful stews.
These dishes represent the heart of traditional Roman cooking, offering a delicious blend of avors and textures that highlight the city’s culinary heritage.
BeforeexploringthebeautifulhistoryofRomeandgettingan adrenalinerushfromthefood,herearesometimesthatcanhelp youenjoytheplacemore:
Takeyourtimetoexplore:Awalkablecityfilledwithsights.Totrulyappreciateit,focusononeortwo neighborhoodseachday Thisapproachhelpsyouavoidfeelingrushedandallowsyoutosoakinthelocal atmosphereandhiddengems.
UtilizeEfficientPublicTransport:Thecityoffersareliablepublictransportationsystem,includingbuses, trams,andmetroservices.Usetheseoptionstocoverlargerdistancesquickly,makingiteasiertoreach variousattractionsthroughoutthecity.
WanderthroughWindingStreets:Someofthemostmemorableexperiencesherecomefromwanderingits narrow,windingstreets.Allowyourselftogetlost;youmightstumbleuponcharmingcafes,localshops, andbeautifulpiazzasthataren’tintheguidebooks.
WearComfortableShoes:Withcobblestonestreetsprevalentthroughoutthecity,comfortablefootwear isessential.Bepreparedforplentyofwalking,asyou’llwanttoexplorethecity’srichhistory,culinary delights,andleisurelypacewithoutdiscomfort.
Rome may be steeped in history, but it’s far from a city frozen in time. Today, it’s a bustling, modern metropolis, home to over 2.8 million people. Old and new blend can be seen combined together with full evidence in its cultural ambience, showing everything from cutting-edge fashion boutiques to modern art galleries. The metro, though not as large as those of other European capitals, unites ancient with modern districts, bringing comfort to residents and visitors who cope with the stretched plan of the city. As far as it is concerned, it's not a city; it's an experience. Whether tracing emperors' steps, indulging in its culinary delights, or simply enjoying the relaxed pace of life, it invites people to open up to its charm and history. Indeed, every road leads to discovery in the Eternal City.
Have you ever thought of the tales and the past of the well-known tombs present in the world? They have always been more than a mere burial ground of the eminent people in history. These places have provided a glimpse into the belief systems of the people who built them. From ancient pyramids to royal mausoleums, every tomb is one more interesting story. In this article, we will take a closer look at 21 tombs around the world, their importance, the beauty of architecture, and what they hide inside.
TheTombofKazanlak,aUNESCOWorldHeritagesite,isafascinatingexampleofThracianburialpracticesfrom the4thcenturyBCE.LocatedintheValleyoftheThracianKings,thistombisadornedwithstunningfrescoes depictingelaboratescenesofaThraciannoblemanandhiswife.Theintricateartworkshowcasestheadvanced artistictechniquesofthetime,makingitoneofthemostimportantarchaeologicalsitesinBulgaria.
Oneofthemostremarkabletombs intheworldistheMausoleumof theFirstQinEmperor,whichis famouslyguardedbytheTerracotta Army.Discoveredin1974,this burialsitecontainsthousandsof life-sizedclaysoldiers,each uniquelycraftedtoprotectthe emperorintheafterlife.The mausoleumitselfremainslargely unexcavated,shroudedinmystery andlegend.
TheMingTombs,locatednear Beijing,serveasthefinalresting placefor13emperorsoftheMing Dynasty Thisexpansivecomplex featuresgrandarchitecturesetagainst thebackdropofthemajestic mountains.Eachtombisdistinct, showcasingtheuniquereignofits emperor,andcollectively,theyoffera glimpseintotheopulenceofancient Chineseimperiallife.
$1.78 Trillion
Did you know Alphabet, Inc. is the primary owner of Google and other ex-Google rms? It is the world’s second-largest tech giant with a market value of $1.78 trillion. The company not only works as a search engine as Google, beyond this it manages different projects. From developing AI to working on self-driving cars, it plays a major role in shaping the technology, impacting how you live, work, and interact daily.
In this article, you will learn about Alphabet’s history, performance, role in the Tech Industry, interesting facts, challenges, and more.
AlphabetInc.wascreatedin2015tohelpmanageGoogleanditsother projectsbetter.Beforethis,Googlehandledeverything,butasitgrew, itstartedworkingonmanydifferentthingslikeself-drivingcarsand healthtechnology.Tokeepthingsorganized,Google’sfounders,Larry PageandSergeyBrin,decidedtocreatethecompany.
Alphabetbecametheparentcompany,withGoogleasonepartofit. ThisallowedGoogletofocusonsearchengines,advertising,and YouTube,whileothercompaniescouldworkontheirprojects,like Waymoforself-drivingcarsandVerilyforhealthcare.
Today,itisoneofthebiggesttechcompaniesintheworld,leadingin areaslikeartificialintelligence,cloudcomputing,anddigitalads.
Here are some values in the growth of revenue that will help you learn about the performance of the company:
Revenue for the quarter ending June 30, 2024
$84.742B, a 13.59% increase year-over-year.
Annual revenue for 2023
$307.394B, an 8.68% increase from 2022.
Revenue for the twelve months ending June 30, 2024
$328.284B, a 13.38% increase year-over-year.
Annual revenue for 2022
$282.836B, a 9.78% increase from 2021.
Annual revenue for 2021
$257.637B, a 41.15% increase from 2020.
Google, a tech giant, has established a signicant presence in various technological domains. Beyond its core search engine, the company has expanded into several strategic areas: Alphabet plays a major role in the tech industry being one of the world’s largest companies. It leads in several key areas.
1. Search and Advertising:
Googleisabigplayerinonlinesearchanddigitalads.Itearnsbillionsfromads onGoogleSearch,YouTube,andothersites.
2. Articial Intelligence:
ThecompanyleadsinAIwithprojectslikeGoogleAIandDeepMind.Theyuse AItomakesearchresultsbetterandevensometimeshelpinhealthcare.
3. Cloud Computing:
GoogleCloud,partofthecompanyisoneofthetopprovidersofcloudservices. Itoffersbusinessesanddeveloperstoolsforstorage,computing,andanalyzingthe data.
4. Self-Driving Cars:
Waymo,aself-drivingcarprojectofthecompany,isaleaderinmaking autonomousvehicles.Theirobjectiveistoreduceroadaccidentsandsavelives.
5. Innovation in Health:
WiththesupportofcompanieslikeVerilyandCalico,thecompanyisworkingon newwaystoimprovehealthandfocusonpreventingdiseases.
Googlewasoriginallycalled“Backrub”becauseitenquiredbacklinkstodeterminehowimportantawebsite was.LarryPageandSergeyBrincameupwiththeideaofthisname.
ThenameGooglecomesfromthemathematicalterm.Whilethinkingofthenames,someonesuggestedthename “Googleplex”whichgotshortenedto“Google”.
Thebutton“I’mFeelingLucky”usedtocostGoogle$110millioneachyearbecauseitskippedadsandtook usersdirectlytothetopsearchresults.Later,Googlechangedthistosavemoney.
Googleboughtdomainswithcommonmisspellingsofitsnamelike“goggle.com”and“gooogle.com”,etcto makesureusersreachedtherightwebsite.
In2016,therewereover2.3millionGooglesearcheseverysecond,addinguptobillionsofsearcheseachmonth andmorethantwotrillionsearcheseachyear.
ThefirstGoogleDoodlewasinspiredbytheBurningManfestivalin1998.
WhileGooglehasachievedsignificantsuccess,ithasalsofacedanumberofchallengesrelatedto antitrust,privacy,andemployeerelations.
1. Antitrust Issues: Googlehasfacedchallengesindifferentcountriesforusingitspowertocontrol onlineadsandblockcompetition.
2. Privacy Concerns: Googlehasbeencriticizedforhowithandlesusers'data.Thecompanyhas beenfinedfortrackingpeople’sonlineactivitieswithoutaskingpermission.
3. Employee Relations: Ithasbeencriticizedseveraltimesforhowittreatsitsemployees.Thereare manyclaimcasesofsexualharassment,discrimination,andmistreatment.
These challenges have raised questions about Google's ethical practices and its impact on consumers and employees. As the company continues to grow and evolve, it will be important for Google to address these concerns and maintain a positive reputation. The report says the company stock has grown steadily in the past three years which means the future of the company looks promising as it continues to expand and innovate in multiple areas.
AlphabetInc.hasbecomea cornerstoneofmodernlife,whether you’researchingforinformation, watchingvideos,orinteractingwith anyoneonline.Itsadvancement towardsAIhashelpedtoreduce accidentswithautomatedcarsand revolutionizehealthcarewith innovativesolutions.Despitefacing challengeslikeprivacy,antitrust,and employeerelationsitscontinuous innovationpromisestofurtherenrich livesanddrivetechnologyforward.
When buying a forklift, it’s essential to recognize that these machines are crucial for businesses needing to move heavy items frequently in storage facilities. They’re designed to be both efcient for transporting and organizing goods while ensuring worker safety. As such, forklifts are instrumental in increasing warehouse productivity while ensuring that workers are able to accomplish their jobs with very minimal risk of injuries.
If you’re starting to have difculties transporting items within your warehouse, then it might be time to either buy a forklift of your own or look into forklifts for rent. To know which works best for your business, here are some points to consider to determine whether buying or renting is the right move for you.
Yourtoppriorityshouldbeselectingthe righttypeormodelofforklifttomeetyour operationalneeds,sothingstoconsider whenbuyingaforklift,suchasthe expectedworkloadandanyspecific featuresrequired,likeaparticularload capacityoramorecompactdesignfor navigatingnarrowwarehouseaisles.
Onceyouroperationalrequirementsare mappedout,you’llthenhaveacleareridea ofwhatspecifictypeormodelofforklift youneedtolookforinalocaldealeror rentalcompany.Then,dependingonwhat’s available,you’lleitherhavetobuyoropt torentinstead.
ConsiderThingsBuyingaForkliftforYour Business|TheEnterpriseWorld Investinginnewequipmentiscostly, whichiswhymanybusinessowners choosetorentinsteadastheyseeitbeing thecheaperalternative.However,thatisn’t alwaysthecase.Buyingaforkliftupfront canbethemoreeconomicaloptioninsome situations,particularlyifyouseeyour businessmakingfulluseoftheforkliftfor thelongterm.Notethatyourforklift purchasemayalsoqualifyforatax deduction,whichcanhelpdrivedownthe overallacquisitioncosts.
Thatbeingsaid,rentingcanstillbea viableoption.Notallbusinesseshave enoughcapitaltoaffordtobuyaforklift rightoffthebat,sorentingcanbeawayto obtaintheequipmentwithouthavingto shelloutahugeamount.Rentingalso wouldn’tstrainyourcurrentfinancesas muchasbuyingupfront,whichallowsyou toinvestyourcapitalinyourother businessgoalsinthemeantime.
Whilesomebusinesseswillrequirea forkliftonaregularbasis,thereare alsothosethatmayonlyneedoneto fulfillshort-termprojects.Hence, considerthedurationinwhichyour businesswillmakeuseoftheforklift. Forinstance,ifyourwarehouseonly needsaforkliftduetoseasonal demandbutwouldn’tnecessarilyhave usefortheequipmentwhenit’soffseason,thenrentingfortheduration ofthatperiodisthebestoption. Meanwhile,ifforkliftsaretobean integralpartofyouroperations, buyingcangiveyoutheassurance thattheequipmentwillbeavailableto youwheneveryouneedit.
ConsiderThingsBuyingaForkliftfor YourBusiness|TheEnterpriseWorld
Whenyouallocateabudgetfor repairs,maintenance,andinsurance, thingstoconsiderbuyingaforklift,as thisisessential.Conversely,ifyou choosetorentaforklift,the maintenancecostsaretypically coveredbytherentalcompany However,dokeepinmindthatifyou damagetherentalforklift,youmay stillenduphavingtopayhefty penaltyfees.
Rentalcompaniesmaygiveyou accesstonewerforkliftmodelsthat youcouldn’taffordtobuyupfront, allowingyoutotakefulladvantageof advancedfeatureswithoutbreaking thebank.Thiscouldalsobeawayfor
youtotryoutthespecificmodel firstbeforefullycommittingto buyingoneofyourowninthe future.
Ifyoudohavethemeansto purchasethenewermodelupfront, however,thenitcouldprovetobe thebetteroptionbecausetheforklift willalwaysbeonhandasopposed tothelimitedavailabilitythatcomes withrentals.
ConsiderThingsBuyingaForklift forYourBusiness|TheEnterprise World
Theremaycomeatimewhenyou nolongerneedaforkliftorwantto upgradetoanewermodel,soas thingstoconsiderbuyingaforklift, rememberthatowningitallowsyou tosellitandrecoupsomeofyour investment.Obviously,this wouldn’tbepossibleinarental setup,thoughyoucanaskyour rentalcompanyiftheyofferany rent-to-ownprogramsthatgiveyou achancetoeventuallykeepthe forklift.
Havingaforkliftforyourbusiness canbeagame-changerintheway youmanageyourwarehouse.Even so,it’simportanttonotrushinto purchasingoneandinsteadevaluate firstwhetherbuyingorrentingisthe idealmove.Takethefactors discussedinthisarticleinto considerationtoensureyou’llbe abletosecureaforkliftinawaythat suitsyourbusinessrequirements andfinancialmeans.