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2024.05.14 12:44 jishithasenthil Role and Importance of fuel tank parts and accessories
https://preview.redd.it/y4m619ryed0d1.png?width=2240&format=png&auto=webp&s=5314bd243567b305d0eb4efaeb5a6e93d3380a53 submitted by jishithasenthil to u/jishithasenthil [link] [comments] The fuel system is made up of the fuel tank, pump, filter, and injectors or carburetor, and is responsible for delivering fuel to the engine as needed. Each fuel tank part and accessories should be able to do its job and perform flawlessly to attain good vehicle safety. Out of all the fuel tank parts and accessories that are important for any vehicle, fuel is the main thing that is needed, as no car, or motorcycle can run without fuel. One can take fuel along in the tank when traveling, so it becomes important to take care of this part. If we don't pay attention to it or don't care, it can affect our vehicle's performance, and if it requires any changes due to poor maintenance, we might end up paying extra money to get it changed. So, it's better to look after the fuel tank part of your vehicle and keep it with less money rather than paying a heavy amount to replace it. Fuel tank parts:- • Fuel Tank Pressure Sensor: • Fuel Tank Sending Unit: • Fuel Tank Cap: • Fuel Tank Venting Valve: Ideally, both plastic and steel tanks are perfect as fuel tanks, and both have plus and minuses; it is also recommended to use polyethylene fuel tanks as they are an excellent choice because they are quite light in weight, condensate less, very clean, and are long-lasting as a steel tank. The main three types of fuel tanks used for aircraft are: (i) integral, (ii) rigid removable (iii) bladder. The most common materials used for fuel tanks are metal or plastic. Metal (steel or aluminum) fuel tanks are usually made by welding of combined stamped sheet metal parts. Plastic fuel tanks are generally made by using the blow molding technique, which helps allow for more complex shapes. If you are looking for trustworthy fuel tank parts and accessories providers, contact Caps and Necks, a famous company that is in the business of supplying fuel tanks, filler necks, and caps. The fuel tank parts from Caps Neck that are purchased can be available in different sizes and are quite safe to use. Buy premium-quality fuel tank parts at a reasonable price from the Caps and Necks website. https://www.capsnecks.com E-Mail: [sales@powerjetparts.com](mailto:sales@powerjetparts.com) |
2024.05.14 12:40 Specialist_Bake6514 Vapiano P3: Italian Food Made in Germany
The kitchen is on fire. Welcome to the final part of the Vapiano story where the tables are turning. In the first two episodes we followed Mark Korzilius' journey from setbacks to founding Vapiano, a groundbreaking restaurant concept, highlighting its fresh ingredients, dynamic atmosphere, and data-driven operations that drove rapid success. While achieving initial profitability and garnering attention from industry giants like McDonald's, Vapiano's global expansion has led to stellar revenue growth. However, it has also resulted in the emergence of numerous side projects (or distractions), operational challenges, increased costs, significant investments, and a notable accumulation of debt. This underscores the prioritization of top-line growth over profitable growth. We will continue on this thread and see how the story ends, but I would encourage you to read part one and two for better context. Vapiano P1: Italian Food Made in Germany (substack.com). Let's dig in. submitted by Specialist_Bake6514 to unpackbusinesses [link] [comments] Before Going Public We are now in 2015 and the year is a disaster for Vapiano's PR department. Employee time stamps are being manipulated, endless overtime for employees and high turnover in managerial roles are reported; mice in the kitchen and even rotten food allegedly found. The company is confronted with allegations of exceeding working hours among trainees in an article published by Welt am Sonntag, while the same outlet accuses Vapiano of manipulating punch times. The auditing firm PwC is commissioned to investigate the allegations and finds that there is no systematic approach but rather misconduct by individual employees, a mistake that’s being corrected. Internal however, investigations into stamp times are carried out regularly now and beyond its obvious reputational impact, this sucks up valuable management time and attention. In the summer of 2015 CEO, co-founder and investor Gregor Gerlach, who has been running the group since 2011 is stepping down and Jochen Halfmann is taking over. A new Vapiano People Program with an App is being developed with the aim to better interact with customers that will incorporate innovate features such as mobile pay. The German website sees a launch of new magazine to further promote the brand and there is now a full inhouse blogger and Instagram team being installed. In October the company buys seven restaurants from original co-founder, former co-investor and ex-president previously responsible for internation expansion Kent Hahne (2x Bonn, 3x Cologne, 1x Koblenz and one in Cologne that’s under construction). This package of Vapiano restaurants is very successful and generates net sales of more than 20 million euros in 2014. Hahne opened his first Vapiano restaurant in Cologne in August 2006 and in 2015 with his company apeiron AG, Hahne operates six L'Osteria franchise restaurants, a direct Vapiano competitor, and two self-owned restaurants GinYuu. Then in November of 2015, the next public relations bomb goes off with allegations regarding the company's quality standards. The company immediately investigates the issue through internal and external specialists but finds no evidence of any quality issues. Nevertheless, knowing that the group is now being closely watched, the company’s already in place hygiene standards are being reinforced. Additional audits and inspections are performed nationally. Further, all Vapianos worldwide are being audited twice by the partners SGS Institut Fresenius and SAI Global. Auditing software is purchased to simplify the implementation of the audits and the resulting measures. Apart from the external examinations, there is a food sampling plan in place being performed continuously. Again, all of this sucks up costs, management time and attention. With all these tumultuous developments the company’s growth engine is undeterred. Revenue grows by a whopping 50 million euros to 202 million euros, an increase of 33%. Impressive. While average spent per customer increases in all countries, the number of customers per day in Germany decreases by 3.3% partially due to the negative press towards the end of the year. Five own, four JV and 19 new franchise restaurants are added that year to the group, the total number of own managed restaurants grows to 51, there are 31 JVs and 84 franchises which bringing the total to 166 Vapiano restaurants. Global restaurant sales are now above 400 million euros. But while revenue grows by an astronomical 50 million euros, operating profits, alarmingly, shrink again. Gross margins are staying perfectly healthy above 75% but operating costs keep growing disproportionately fast. The Company’s outstanding debt jumps by almost 30 million, close to 85 million euros by the end of the year. With operating profits at 9.5 million euros, alarm bells should be going off right now. In Q4 of 2015, new CEO Jochen Halfmann introduces Strategy 2020. The new strategy includes five essential points. One, profitable growth in the newly defined core markets of Germany and Austria as well as in the UK, Netherlands, France and USA. Two, operational excellence through strict “best practice” management. Three, further development and digitalization of the concept considering guest feedback. Four, greater focus on long-term employee retention and five, building a modern and sustainable IT landscape. Sound’s good on paper but let’s see how things pan out. Vapiano's investments (capital expenditures) that year are primarily directed towards new restaurant openings, renovations of existing establishments, and share acquisitions in other Vapiano restaurants from franchisees or JV partners. A significant portion of funds is allocated to the digitalization of the guest experience, including the development of a new app scheduled for market release in 2016 and the implementation of a time recording system across all group restaurants. The world's first standalone Vapiano restaurant with a delivery service that year is built in Fürth, Germany. The company keeps expanding its presence in both inner-city locations and international markets, such as Shanghai, China. To finance all of this, the group has its own operating cash flow which comes in at 18 million while capital expenditures are 26 million euros plus 14 million for acquisitions. The funding gab is filled with 26 million euros of new debt and a seven-million-euro equity raise. At that end of the year and after the equity raise Gregor Gerlach (through his AP Leipzig GmbH & Co. KG entity) holds 30.1%, Hans-Joachim and Gisa Sander through their Exchange Bio GmbH hold 25.5% and the Tchibo heirs, Herz through their Mayfair Beteiligungsfonds II GmbH & Co. KG hold 44,4%. But for the first time the restaurant’s concept that was so successful to date is being questioned. Some customers are starting to mislike the operational flow of the concept itself. If you want pasta, you must queue for pasta. If you want pizza you stand in a different queue. A small side salad, yet another queue. "You spend more time carrying trays than an actress in Berlin-Mitte. The audience in the pasta limbo can only consist of people who have worked for an insurance company for a long time and, like Stockholm syndrome, they can no longer get away from the industrial canteen feeling," writes TV host Beisenherz provocatively. While overly harsh in his assessment he's not entirely wrong judging by customers venting their frustrations in forums and social media channels. It isn’t uncommon for those who ordered pizza to have already finished eating while there is little movement in the pasta queue. Long term that doesn't go down well, QSRs competitors like L’Osteria are handling this process differently, with much success. https://preview.redd.it/6cas01oked0d1.png?width=1200&format=png&auto=webp&s=2da6e0b4bc0e07dbee558de412feb414cd598d4a Tipping PointWhere are now in the year 2016 and things start to deteriorate visibility. Perhaps not for the leman’s eye but any business minded observer can see that there are problems under the hood. Yes, revenue grows yet another whopping 50 million to almost 250 million euros but half of that growth, comes from acquisitions of restaurants that the group didn’t already own 100%, which is now being fully consolidated within the group’s accounts. Here is a concrete example. In the past, Vapiano SE, the group’s top holding company held an indirect 50% stake in a French subgroup via the subsidiary VAP Restaurants SA, based in Luxembourg, and included this as an associated company in the Vapiano SE consolidated financial statements using the equity method. Due to the acquisition of additional shares in September of 2016, Vapiano SE's indirect share in the French subgroup increased to 75%. This means that Vapiano SE takes control of the French subgroup, which is therefore included in the group’s financial statements as part of the full consolidation. The revenue from the acquired subsidiary now recorded in the consolidated income statement amounts to 12.8 million euros. While that’s great for the top line, the loss of the fully consolidated entity equates to 0.2 million euros. Yes, you are buying revenue, but there are losses attached to them, not profits. A similar case is the Swedish entity that runs eight restaurants with revenue of 11.5 million euros but has losses of 235 thousand euros. So much for Strategy 2020 and “profitable” growth.That year the group’s operating profits are absolutely tanking, halving to 3.5 million euros. Operating profits are now a mere 1,4% of revenue. Remember original founder Mark Korzilius who talked about operating margins of 25% to 28% at the restaurant level? Yes, there are overhead costs for the organization that sits above the chain of restaurants, but operating margins that low indicates a course correction is needed. What’s telling is that in the annual report, in the management discussion section, the company starts talking about EBITDA as a proxy measure of profitability, rather than operating profit or net income. This wasn’t the case in the years before. Is this window dressing for an upcoming IPO? EBITDA is short for earnings before interest, tax, depreciation, and amortization. How can you measure profitability of a restaurant chain that absolutely and unequivocally needs capital investment to maintain its restaurant operations, the very source of cash generation, by simply excluding this maintenance charge (depreciation in the income statement)? Vapiano’s own annual report talks about the fact that existing restaurants must be rejuvenated from time to time and that new interior designs have to be implemented every few years. These things wear and tear, they go out of style, kitchen equipment breaks and needs replacement. This business absolutely needs maintenance capital expenditure, why anyone talks of profits before these maintenance costs is beyond me. Fun fact: in the previous annual report EBITDA is mentioned seven times, mostly around restaurant acquisitions and financing, not however as a profit indication for the group. In the new annual report, EBITDA is mentioned 28 times. Maybe it’s just me but belated Charlie Munger liked to call EBITDA: bullsh*t earnings. When in doubt I stick with Charlie. Interestingly, EBITDA for Vapiano keeps growing while operating and net profits keep falling. Operating cashflow for the group that year is about 21 million euros, but capital expenditure is 30 million and acquisitions for subsidiaries another 20 million. To finance these expenditures another 28 million euros of debt and 16 million of equity is raised. Net debt rises above 130 million euro. The operating cashflow of the group before any capital expenditures is 21 million euros. I am not sure free cash flow would be significantly positive after maintenance capex is paid out; it’s not broken out so we can’t be sure. Granted, I am not on the ground during this time, and I am not in the board room, I am simply reading what’s in front of me, but to me this is starting to look like a distressed situation. Regardless, the following year the company goes public. IPOWhere are now in the year 2017 and its Vapiano’s first year as public company. The company’s annual report reads the following “Sales revenue, like-for-like growth (LfL) and the earnings figures EBITDA and adjusted EBITDA are used as the most important financial performance indicators for controlling operational business activities.” The very same report however also says: “The majority of the group's investments regularly go towards opening new restaurant locations and modernizing existing restaurants. The latter are differentiated into regular replacement investments that occur during ongoing operations (Maintenance CAPEX) and fundamental investments in the renovation of a restaurant (Remodeling CAPEX). On average, a restaurant remodeling takes place nine years after opening.” It says it right there in their own report; every nine years a remodeling is taking place. Remodeling and updating is not cost free, so why exclude depreciation charges which reflect capital expenditures? I understand that perhaps you would want to strip out one-off opening costs, that’s fine and fair, but don’t go overboard.The number of restaurants increases by 26 (previous year: 13) to a total of 205. The increase consists of 27 new openings and one closure. Group revenue grows to an astonishing 325 million euros but here comes the shocker, operating profits turn negative to 25 million. Fine, strip out foreign exchange losses of 3 million, IPO costs of 5.8 million and new opening costs of 6.1 million and you still have 10 million euros of operational losses. All the while the debt load of almost 130 million hasn’t materially changed, so those operating losses are before a six-million-euro interest payment. 184 million euros are raised through the IPO of which 85 million go to the company. This money is earmarked for further expansion as the group has ambitions to almost double the footprint to 330 restaurants by the end of 2020. The company is currently not profitable on an operating basis, and still wants to expand aggressively? I don’t get it. The remaining 100 million euros of the IPO money raised is distributed to co-founder Gregor Gerlach and Wella heirs Hans-Joachim and Gisa Sander. The family office of the former Tchibo owners Günter and Daniela Herz with a 44% stake, don’t sell a single share. After the IPO, 32% of all the company’s shares are now in free float. One year later, in 2018, things get even worse. Revenue grows to 371 million, but operating losses mount to 85 million euros, that’s before interest expenses of 9 million. Even the beloved EBITDA figure turns negative, meaning the operating business before any expansionary or even maintenance capital expenditures is loss making. All regions are experiencing significant deterioration in their earnings profiles. Like for like sales are down 1% across the board. That’s revenue, not profitability. The question naturally arises: is the Group approaching its natural saturation point here or this operational by nature? The operating cash flow is now 9 million while financing cost are close to 7 million. That leaves 2 million for maintenance capital for 74 own restaurants and 76 joint ventures ones. Describing this as financially tight, would be an understatement. Things are not looking good at this point. Yet the company still grows restaurants by 26 new sites. 64 million euros are spent on acquisitions, new openings, and maintenance costs, financed through a 20 million-euro equity raise and 72 million of new debt. The Company now has net debt outstanding of over 160 million euros. After the equity raise and by the end of the year 2018, Mayfair owns 47.4%, VAP Leipzig, Gregor Gerlach’s entity owns 18.9% and the Sander couple own 15.5% of the company. Yes, the Sanders and Gerlach may have taken 100 million euros off the table, but they still have substantial skin in the game. Plus, Mayfair hasn’t sold a single share and instead injects more money into the company through the equity round. The stock has now fallen from its IPO price of 23 euros per share to under 6 euros by the end of 2018. Something must be done here. And indeed, there is pivot in strategy and a hard push for change. At last, the management team abandons its aggressive growth plan and curtails new openings significantly. Additionally, the team wants to run a thorough analysis of weak locations to then either discontinue or sell sites. In Europe, the operating focus will be put on corporate restaurants and joint ventures in major cities to ensure the ideal size and location to match the respective demographic target group. Outside of Europe, the franchising business is being expanded and at the same time a consolidation of the existing corporate and joint venture markets is being sought. All future investments will be reviewed to achieve higher rates of returns on new openings. Investments are also being made in the renovation of older restaurants. The goal in the future is to also open smaller formats, like Mini-Vapianos (less than 400 square meters) or Freestander at prominent transportation hubs outside city centers (currently in Fürth and Toulouse) to cater to individual location requirements, and to enter new partnerships. I am not sure why management hasn’t stopped all expansion altogether, bringing the ship in order first, getting profitable, clean up, all hands-on deck before considering any further expansions whatsoever. But again, it’s easy to comment from the sidelines; maybe they saw white spaces that would be covered by competing concepts if they weren’t moving fast and aggressively enough. Although pushing internationally means competing with local players such as Jamie's Italian, Prezzo, Pizza Express, Wagamama, Nando's and many more which brings in its own dynamic. Management also aims to enhance guest satisfaction. This involves refining operational processes, reorganizing the support center, and refocusing on the core offering: providing fresh and high-quality Italian food at affordable prices for a broad audience. The group also aims to reduce waiting times, especially during lunch, while also improving the evening atmosphere. There is even what I would call an evolution, away from Vapiano’s original concept, reorientating the customer journey. The ordering flow is being changed, offering guests synchronized preparations of all dishes while eliminating wait times at the cooking stations. The open show kitchen remains, staying true to original mantra of freshness and transparency but now guests can choose their preferred method of ordering through a mobile app, using a digital order point (kiosk), or by personally placing an order with a waiter. Guests can still freely choose their table and are then informed about the complete preparation of their order through a pager or their smartphone. This is a substantial deviation from the original concept, but a needed one. The group is also exploring and implementing the expansion of take-away and home delivery services but only at suitable locations, not universally across new openings. I am not sure why home delivery is even a priority here; it adds operational complexity. It’s better to clean up shop first and get back to the basics before adding new complexities. To be fair management does try to simplify. There are 49 different permanent dishes on the menu and additional 10 seasonal ones. Customers can choose from eleven different types of pasta. There is simply too much choice, and it makes orders complicated. The company announced to slim the menu down to its most popular and typical Vapiano dishes. There’s no need for an Asian salad at an Italian restaurant. "We have to go back to the roots, i.e. classic, honest Italian cuisine" says COO Everke. Regardless, in November of 2018, the supervisory board pulls the plug on CEO Jochen Halfmann and replaces him with Cornelius Everke. Everke himself has just become COO five months ago. Since 2017 he was responsible for international expansion. From 2011 to 2017 that role was filled by Mario Bauer – put a pin in that name, he’ll play a key role in the groups fate later. Then nine months later, in the middle of 2019, Cornelius Everke quits. He essentially concludes that his skillset and experience in the areas of internation expansion is no longer needed in the foreseeable future. To put it differently: Vapiano has moved from a growth story and has become a restructuring case, and other skills are required for that job. In June of 2019 Everke says the following “(we’ve) made a bit of a mistake when it came to foreign expansion”. No sh#t. Vapiano postpones the presentation of the 2018 annual financial statements three times in the spring of 2019, citing negotiations over an urgently needed loan of 30 million euros. It’s not until the end of May that a binding loan commitment comes through from the financing banks and major shareholders. We are now in August of 2019 and the corona pandemic is just around the corner. Supervisory board chief Vanessa Hall takes over as interim-CEO and things are unravelling. Visitor numbers are declining; originally, it was planned to sell the US business but halfway through the year the buyer cannot come up with the money. But not all restaurants are performing poorly. The group's poor figures contrast starkly as an example with the experiences of the Swiss-German franchisee, who runs six restaurants. The Sodano family in Switzerland pays Vapiano a royalty of 6% of sales for the use of the brand. Enrico Sodano explains in an interview that they operate largely autonomously from the licensor. If an “accident” were to occur, he could immediately replace the Vapiano sign with Sodano, he says. The family concluded the rents and contracts with employees and suppliers independently. The Sodano family have six locations in Bern, Basel and Zurich, around one million guests every year and 350 employees. Things are going well on the ground. The delivery service they’ve built is offering them a second income stream. Expansion into Winterthur, St. Gallen and Lucerne are being planned; small locations with 150 to 250 square meters and an attached delivery service. Originally, Vapiano restaurants used to be huge but for such a large restaurant to be profitable, 800 to 1,000 guests per day are needed. That’s possible in medium-sized cities, but not in smaller towns which is why the Vapiano group now also supports smaller formats. Back to our corporate drama. The 2019 annual report would be the last report the group files. By the end 2019 the outstanding debt of the company is at an astronomical 450 million euros. Revenue has grown by another 7%, produced by four net new openings through two JVs and two franchise restaurants but operating losses come in at 317 million euros. That sound like an absolute shocker at first but depreciation and amortization charges are 345 million, so that operating cash flow is actually positive but unfortunately capital expenditures and interest payments are so large that they are eating up all of the company’s operating cash flow. Then in the beginning of 2020 Corona hits with full force and the world shuts down. As a result of the measures to prevent further spreading of the virus, the group is forced to cease all global business operations (except in Sweden). While all these shutdowns are happening, the group is the middle of negotiating with its lending banks and main shareholders. There are additional financing needs for restructuring measures, even without a pandemic happening in the background. The situation is so dire that the company starts pleading to the German government to roll out the package of financial help more quickly. Unfortunately, it’s to no end. The rapid closure of restaurants and the resulting lack of operating cash inflows in conjunction with the additional financing requirements, lead to the company’s final knockout punch. In April of 2020, the Vapiano group officially files for insolvency proceedings. The end of an era. New BeginningsBecause of the pandemic, the majority of the group's subsidiaries in Austria, the Netherlands, Denmark, the United States, Sweden, and China also file for insolvency or seek liquidation. The US business never gets sold in the end and is wound down. In the summer of 2020, significant group divestments occur, including the sale of 75% shares in the group's French subsidiaries, shares in franchisor companies, Australian subsidiaries, German subsidiaries, associated companies, self-managed restaurants in Germany, and insolvency-related sales in the Netherlands, Great Britain, and Sweden. The buyer of the Vapiano brand and one of these bundles of Vapiano restaurants is company named Love & Food Restaurant Holding, a consortium led by Mario C. Bauer – a name I told you to remember. Bauer was a former Vapiano board member and led the national and international expansion, opening 200 sites in 33 countries from 2011 to 2017 until he was succeeded by Cornelius Everke. Bauer didn’t feel comfortable with the IPO at the time but clearly has a lot of managerial and entrepreneurial talent.The buyer consortium is an absolute A-Team comprised of European QSR top league hitters, including the founder of the Pret A Manger chain Sinclair Beecham; Henry McGovern, the founder and Ex-CEO of the giant international restaurant and foodservice operator AmRest; the Van der Valk Family that runs hotels and Vapiano restaurants in the Netherlands, and co-founder and ex-CEO Gregor Gerlach. The acquisition value is 15 million euros and entails 30 Vapiano restaurants in Germany, albeit that’s just the purchase price which comes on top of any capital investment needed to refresh and return the sites to its former glory. Nevertheless, just as a thought experiment, if you can get each site to 2 million euros of revenue and 400,000 euros in operating profit on average, which wouldn’t be an overly aggressively assumption given the company’s history, you’ve got yourself a package that can deliver restaurant-level operating profits of 12 million euros or more. It’s not disclosed how much capex was needed to refresh the operations, just that fact that the overall investment plus purchase price was a middle double-digit million-euro figure. Stil, it probably was a decent purchase. The same consortium buys Vapiano’s French business for 25 million euros just two weeks prior. After the transaction concludes, the master franchise is given to Delf Neumann and his Gastro & Soul GmbH. Neumann is an experienced operator, and he is ambitious to revitalise the brand with new services and products. For example, instead of pizza, the restaurants will be serving pinsa - a flatbread made from sourdough, wheat and rice flour, topped similarly to a pizza. It targets a more health-oriented customer base looking for a less calory heavy option. The menu overall is expanded by including a variety of vegan and vegetarian dishes. https://preview.redd.it/kpt7ea6red0d1.png?width=1242&format=png&auto=webp&s=c9930ced85ee364e9df414547cae06b47a03fc19 Today Neumann’s Gastro & Soul GmbH operates 18 Vapianos on its own account and has 29 franchise sites, amongst other brands. By the year 2021, Vapiano operates 191 restaurants in 34 countries. This is around 50 fewer sites than before the bankruptcy. The number of branches is particularly thinned out in Germany – from 80 to 55. Nevertheless, Vapiano's home country remains by far the largest market, followed by France with 35 restaurants and Austria with 15 locations. “We have shrunk ourselves to health,” says Bauer in the aftermath and there is no further shrinking planned. Quite the opposite, the smell of expansion is in the air again – pun intended. Not as aggressively as before and with a new menu and ordering process. Overall, the team around Bauer is filled with industry experts with knowledge and networks gained over decades who have a great track record, a long-term view, and the staying power to let Vapiano breath and finds its way back to success. The pressure of being a public company with all the associated quarterly, half-year and yearly disincentives have been removed. The menu is changed and extended with new types of pasta and sauces with significantly more vegetarian and vegan dishes available. Guests can order with restaurant staff, at terminals or on their phones and there are barcodes attached to the tables identify the respective seat. The food is brought to your table, all at the same time if you are in a group, no more annoyances with waiting in line. There is a plan for smaller, 350 square meter locations, with half the number of guests and significantly fewer staff and less set-up costs required to make the economics work. Locations that capitalize on remote work and increased demand for local lunch options, higher population density with shorter delivery routes and therefore cost-effective in house delivery services are targeted. And Bauer is testing the concept of ghost kitchens, which operate without a dining room or service staff, focusing solely on preparing food for delivery services, which for obvious reasons have a very different operational set up and footprint. Original founder Mark Korzilius however is not entirely convinced. He is not a fan of the pinsa for instance and he considers Vapiano's pizza as its cash cow, flagship product and believes that the core Vapiano proposition of Pizza, Pasta, Bar that has given the company its original success is being diluted. He instead admires the competitor L'Osteria, saying they’ve done a better job by focusing on Italian classics, especially the impressively large pizzas that sticks out beyond the plate is leaving every customer in awe. The guys who run L’Osteria are the same guys who have built Vapiano with him in the first place. Bauer on the other hand, like a true business leader, remains undeterred, stating that he is frequently asked whether Vapiano's restart was bold or foolish. He believes in entrepreneurship, franchising, in his experienced fellow partners and importantly the Vapiano concept. By the year 2024 you can find over 140 Vapiano branded restaurant in 27 countries across the globe, including locations far away from its birthplace like Australia, USA, Columbia, Chile, Bahrain, and Saudi Arabia. And why not? Italian food is, and will remain to be, incredibly popular. Vapiano offers fresh and tasty food at affordable prices in a good atmosphere. This combination of attributes should attract a lot of customers. It certainly has in the past. For more stories: WIP Thomas Weitzendoerfer Substack |
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2024.05.14 11:24 TheLotStore Unrestricted Land for Sale: Embrace Unlimited Opportunities
Unrestricted Land for Sale: Embrace Unlimited Opportunities submitted by TheLotStore to u/TheLotStore [link] [comments] Unrestricted Land for Sale: Embrace Boundless OpportunitiesMany dream of owning unrestricted land. Open land presents opportunities to construct a dream home, start a business, or simply relish the liberty of vast open spaces. Whether you are an investor seeking a profitable land investment or an individual searching for the perfect piece of land to call your own, owning unrestricted land welcomes endless opportunities.What is Unrestricted Land?Unrestricted land, also referred to as unrestricted property, denotes a piece of land free from limitations or restrictions on its use. This signifies that the owner has the freedom to utilize the land for any purpose, including residential, commercial, agricultural, or recreational use. 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Unrestricted land provides the freedom to design and build a home that perfectly matches the owner's lifestyle and preferences. Whether envisioning a contemporary, minimalistic retreat or an extensive estate with abundant gardens and amenities, owning unrestricted land offers the chance to transform your ideal home into a reality.When scouting for unrestricted land for sale, potential buyers should assess the location, topography, and available utilities to ensure that the property can accommodate their vision for a custom home. Additionally, it is essential to research local building codes and regulations to guarantee that the intended use of the land aligns with the area's zoning laws.2. Initiating a BusinessUnrestricted land provides an ideal setting for entrepreneurs looking to launch a business. Whether it involves farming, a specialized winery, a lodging establishment, or a commercial development, the freedom to utilize the land for business pursuits can unlock a wide array of opportunities. Unrestricted land can furnish the space and flexibility necessary to bring a business concept to life, without the constraints of zoning regulations that may limit commercial use.When considering unrestricted land for business purposes, it is imperative to evaluate factors such as access to infrastructure, transportation, and customer demographics. Comprehensive market research and a well-devised business plan are crucial for transforming a piece of unrestricted land into a prosperous business endeavor.3. Agricultural OpportunitiesFor those interested in agriculture, unrestricted land offers limitless possibilities for farming and ranching. Whether it involves cultivating crops, raising livestock, or establishing a vineyard, unrestricted land provides the space and freedom to pursue agricultural endeavors. With no restrictions on land use, farmers and ranchers can establish sustainable and profitable agricultural operations that align with their specific needs and interests.When exploring agricultural opportunities on unrestricted land, potential buyers should contemplate factors such as soil quality, water access, and climate conditions to ensure the suitability of the land for their intended agricultural pursuits. Furthermore, it is important to be acquainted with any agricultural zoning regulations that may affect the use of the land.4. Recreational Use and ConservationUnrestricted land also serves as an ideal setting for recreational activities such as hunting, fishing, hiking, and wildlife observation. The natural beauty and seclusion of unrestricted land make it an attractive destination for outdoor enthusiasts and nature aficionados. Additionally, owning unrestricted land provides the opportunity to preserve and conserve natural habitats and wildlife, contributing to the protection of the environment and biodiversity.When purchasing unrestricted land for recreational use and conservation, it is crucial to consider factors such as the presence of natural resources, wildlife habitats, and access to outdoor amenities. Moreover, buyers interested in conservation efforts should be aware of any regulations or incentives available for preserving and protecting natural landscapes.Factors to Consider When Purchasing Unrestricted LandAlthough the idea of owning unrestricted land may seem appealing, several crucial factors need consideration when buying unzoned property.Location: The location of the land plays a pivotal role in its suitability for various purposes, be it residential, commercial, agricultural, or recreational. Buyers should contemplate factors such as proximity to amenities, accessibility, and local regulations that may affect the use of the land.Topography and Terrain: The topography and terrain of the land can significantly impact its potential uses. Buyers should assess aspects such as elevation, slope, and natural features to determine how the land can be utilized in alignment with their intentions.Infrastructure and Utilities: Access to infrastructure and utilities, such as water, electricity, and roads, is indispensable for the development of unrestricted land. Buyers should take into account the availability and cost of connecting to essential services when evaluating potential properties.Zoning and Regulatory Considerations: Even though unrestricted land is not subject to specific zoning regulations, it is crucial to research local laws and regulations that may affect the use of the land. Additionally, buyers should be aware of any environmental or conservation requirements that may apply to the property.Market Value and Potential for Appreciation: Assessing the market value and potential for appreciation of unrestricted land is essential for making an informed purchase. Factors such as location, demand for the type of land use, and economic trends can impact the long-term value of the property.Legal and Financial Considerations: Before purchasing unrestricted land, buyers should seek legal and financial advice to ensure that they comprehend the implications of the transaction and any potential legal or financial risks associated with the property.How to Find Unrestricted Land for SaleFinding unrestricted land for sale necessitates thorough research, strategic planning, and a clear understanding of the buyer's intentions for the property. Here are some tips for finding and evaluating unrestricted land for sale:Work with a Real Estate Agent: A qualified real estate agent with expertise in land transactions can aid buyers in identifying and evaluating unrestricted land for sale. An experienced agent can provide valuable insights into the local market, property values, and potential uses for the land.Explore Online Listings and Databases: Online real estate platforms and databases are valuableassets for locating unrestricted plots for sale. Buyers may utilize advanced filtering criteria to refine their selections according to location, cost, and property dimensions.Participate in Land Auctions and Activities: Land auctions and gatherings provide avenues to uncover unrestricted parcels for sale and connect with sellers, agents, and other participants in the real estate domain. Attendance at these events can yield valuable insights into the existing stock of unrestricted land available for acquisition.Establish a Network of Professionals: Cultivating connections with experts such as real estate agents, land surveyors, legal professionals, and financial consultants can offer invaluable assistance and direction throughout the journey of identifying and procuring unrestricted land.Conduct Thorough Investigations: Apply comprehensive scrutiny to potential properties to confirm their alignment with your intentions and fulfilment of your requisites for obtaining unrestricted land. This might encompass obtaining a land survey, engaging in environmental evaluations, and seeking legal counsel to comprehend any plausible risks or restrictions tied to the property.Explore Off-Market Possibilities: On occasion, unrestricted land may be procurable for sale through off-market avenues, such as private listings, direct negotiations with landowners, or referrals through informal channels. Delving into off-market prospects can expand the spectrum of alternatives available to prospective buyers.Guiding the Process of Acquiring Unrestricted LandUpon identifying a piece of unrestricted land in line with your objectives and aspirations, executing the acquisition of the property necessitates meticulous contemplation and strategic scheming. Here are fundamental steps for navigating the process of purchasing unrestricted land:Secure Funding: Should you require financial backing to procure the unrestricted land, it is essential to explore available options and secure preliminary endorsement from a lending entity. Collaborating with a financial advisor or mortgage intermediary can aid in pinpointing optimal financial solutions attuned to your requirements.Conduct Due Diligence: Prior to finalizing the purchase of a parcel of unrestricted land, undertake due diligence to thoroughly assess the property. This may encompass property appraisals, environmental appraisals, and title investigations to uncover any potential challenges or constraints linked to the land.Negotiate the Acquisition Agreement: Subsequent to completing due diligence, negotiate the terms of the acquisition agreement with the seller or their representative. This may involve aspects such as the purchase price, closing date, and any contingencies necessitating resolution prior to concluding the transaction.Conclude the Transaction: After arriving at an understanding with the seller, proceed to finalize the transaction by concluding the requisite legal and financial formalities. This typically involves executing the requisite legal documents, transferring funds, and completing the transfer of ownership through the appropriate legal channels.Devise a Utilization Strategy for the Land: Upon securing ownership of unrestricted land, formulate a clear strategy for leveraging the property in line with your objectives. Whether it entails constructing a residence, commencing a venture, pursuing agrarian activities, or conserving natural landscapes, a well-defined plan can guide your subsequent steps.Adhere to Legal and Regulatory Stipulations: Exercise prudence regarding applicable legal and regulatory stipulations tied to the utilization of the unrestricted land, such as construction permits, zoning regulations, and environmental considerations. Ensuring compliance with these stipulations is crucial in averting potential conflicts and ensuring the successful utilization of the land.Maximizing the Potential of Unrestricted LandHaving acquired unrestricted land, realizing its potential necessitates vision, meticulous planning, and a strategic approach to development and utilization. Whether your ambition is to erect a custom residence, commence a business, or establish a conservation domain, there are varied strategies for capitalizing on unrestricted land.Formulate a Development Blueprint: Draft a comprehensive blueprint for the development and utilization of the unrestricted land in accordance with your goals and aspirations. This may involve collaborating with architects, engineers, and other professionals to conceptualize a vision for the property.Leverage Sustainable Methods: Embrace sustainable practices and environmentally conscious design principles when developing and utilizing unrestricted land. This might encompass integrating renewable energy sources, instituting water conservation measures, and prioritizing the preservation of natural habitats and landscapes.Explore Collaborative Prospects: in some instances, exploring cooperative ventures with neighboring landowners, conservation entities, or local communities can lead to mutually advantageous partnerships that enhance the potential of unrestricted land.Engage with the Community: Engaging with the local community and stakeholders can foster goodwill and garner backing for your vision for the unrestricted land. This may involve participation in community events, seeking input from local residents, and exploring prospects for collaboration and partnerships.Seek Expert Counsel: Throughout the process of developing and utilizing unrestricted land, seek the guidance of professionals in fields such as land development, real estate, and environmental conservation. Their insights and expertise can aid in making well-informed decisions and optimizing the potential of the property.ConclusionThe prospect of owning unrestricted land presents a myriad of prospects for individuals and investors aspiring to establish a residence, commence a business, engage in agrarian pursuits, or conserve natural habitats. Unrestricted land offers adaptability, autonomy, and the potential for boundless development and utilization, rendering it an alluring option for a broad spectrum of buyers.By embracing the prospects offered by unrestricted land and negotiating the multifaceted considerations tied to its acquisition and utilization, individuals can translate their vision for the land into a reality. Whether it involves fashioning a tailor-made residence, initiating a business endeavor, or conserving natural habitats, the potential of unrestricted land is genuinely limitless. With deliberate planning, due diligence, and a clear vision for the future, ownership of unrestricted land can open the door to boundless possibilities. View our amazing property deals at TheLotStore.Com. Additional Information: https://thelotstore.com/unrestricted-land-for-sale-embrace-unlimited-opportunities/?feed_id=10213 |
2024.05.14 11:24 23ConsistentCloud15 Crackdown and censorship of anatomically correct figures in China. Affecting all 3rd party figures and bodies(TBLeague/Phicen, Jiaou, VeryCool etc) produced in 2024.
2024.05.14 11:20 WolfMaster1997 My systematic approach to high-value B2B lead and deal generation / GTM.
2024.05.14 11:10 liukara Stuck With Your Business Idea?
2024.05.14 10:59 billhelmscream Deposit funds - help!
2024.05.14 10:58 despair-selfloathing Cash deposit on top of cash offer under the table?
2024.05.14 10:49 FitAssistance7609 Aparna Enterprises Limited Featured In EPC World Magazine
https://preview.redd.it/5jd47y3fuc0d1.jpg?width=1600&format=pjpg&auto=webp&s=e5b8fcc928db821f0daa8dea6a6669afa70c81bd submitted by FitAssistance7609 to u/FitAssistance7609 [link] [comments] The rise of RMC proves its uprising as not just an industry trend, representing a fundamental shift in India’s construction industry. Steering the industry’s philosophy towards more sustainable, efficient and higher-quality building practices with minimal time taken. Ready Mix Concrete plays a key role in supporting environmental priorities, resulting in less wastage compared to on-site concrete mixing. In this feature, we take a deep dive to look at the innovations and Aparna Enterprises Limited contribution to the nation, the challenges faced and the strategies being deployed to cement RMC’s place as the bedrock of new India RMC will be a key contributor in India’s ambitious target of $5 trillion economy by 2025. What is your take on this?The growing economy of India has generated significant demand for ambitious infrastructure projects, thereby creating a need for robust and sophisticated construction solutions. As the construction industry relies heavily on Ready Mix Concrete (RMC), it emerges as a crucial part for driving economic growth by enabling the delivery of high-quality products and services.The significance of RMC in India’s economic trajectory stems from its unparalleled efficiency and effectiveness in construction projects. With its emphasis on quality control, consistency, and time efficiency, RMC revolutionizes project execution. Further by enabling heightened productivity and meeting stringent timelines, RMC accelerates infrastructure development. It has emerged as a game-changer in the industry, offering improved consistency, reduced wastage, and enhanced durability. In contemporary times, the widespread adoption of RMC aligns with the government’s emphasis on promoting sustainable development practices. Modern RMC production plants leverage advanced technologies to minimize environmental impact through efficient water usage, dust-control measures, and the incorporation of recycled materials. This commitment to sustainability not only supports India’s environmental goals but also fosters economic progress. India is taking a giant leap in infrastructure development. What is the role RMC is contributing in this development?India’s infrastructure development is undergoing a monumental transformation, with RMC emerging as an integral part in this progress. RMC offers unparalleled flexibility to meet diverse end-user requirements, making it indispensable across commercial, infrastructure, and industrial sectors. From bridges and dams to roads and multi-story buildings, RMC plays a vital role in shaping India’s sturdy modern landscape. The new RMC plants nationwide present lucrative opportunities amidst this infrastructure boom. The construction industry’s shift towards complex architectural structures, including commercial buildings, high-rise driveways, and coastal highways, underscores the soaring demand for high-performance concrete. In order to fulfil these ambitious projects and housing demand, RMC plants have gained significant growth.Moreover, the expansion of the RMC industry to Tier II and III cities signifies its widespread adoption beyond metro projects. This expansion into smaller urban centers and rural areas highlights the growing demand for RMC products nationwide. RMC’s adaptability, efficiency, and eco-friendliness contribute significantly to India’s infrastructure development, aligning with the country’s ambitious construction goals and broader economic growth objectives. How has your organization performed in the last three years?Over the past three years, Aparna Enterprises (AEL) has made remarkable strides in the infrastructure sector, emerging as a leading provider of comprehensive building material solutions. Our commitment to innovation and customer satisfaction has been the reason driving consistent growth across all segments of our operations. In the recent past, AEL has witnessed exponential growth, propelled by strategic expansions and penetrating new markets. Last year, we expanded into the North Indian market, specifically the Delhi NCR region, with our uPVC business brand Okotech, which has swiftly established itself as a prominent player in the industry. We further ventured into South Asian markets such as Vietnam, Bangladesh, Sri Lanka, and Nepal, leveraging the robust demand for Okotech products. Additionally, our RMC business has experienced substantial growth, with new units being established in key regions, particularly in Maharashtra.Our performance over the past three years reflects our unwavering dedication to excellence and innovation. In FY23, AEL achieved a remarkable revenue of Rs 1,650 crore, underscoring our strong growth trajectory. Looking ahead, we are poised to sustain this momentum and explore new avenues for expansion. Innovation, strategic investments and a relentless pursuit of superiority are the driving forces behind AEL’s success. As we continue to push boundaries and set new benchmarks in the building materials industry, we remain committed to delivering unparalleled value to our customers and stakeholders, both domestically and internationally. RMC is largely considered as an unorganized market where these players corner a major chunk of revenue. In light of this, what would be your strategy to increase your market share?In the largely fragmented and unorganized market of RMC, establishing a prominent presence requires a strategic approach focused on quality control, innovation, and collaborative partnerships. We implement a multifaceted strategy which is aimed at delivering superior products and expanding our reach across diverse regions.The most important focus for us has been prioritizing our product quality and exceptional customer service. We continuously innovate and enhance our product offerings. By introducing new products and improving existing ones, we aim to differentiate ourselves from competitors and attract customers seeking reliable solutions for infrastructure projects. Additionally, collaborating with trusted suppliers enables us to streamline product access and expand our distribution channels, thereby reaching a broader consumer base across various regions. Furthermore, by acquiring established leaders in the industry or pursuing mergers with compatible entities, we can consolidate resources, broaden our target audience, and enhance overall competitiveness in the market. Amidst the increasing demand for high-quality products in the Indian market, particularly from multinational companies, we remain steadfast in our focus on quality and innovation which enables us to capture larger market share and driving sustained growth. For the benefit of our readers, please share the challenges RMC manufacturers face while executing realty projects in metrosExecution of real estate projects in metro cities is a formidable challenge for RMC manufacturers. The real estate sector downturn weakened by liquidity constraints impacts demand and revenue streams. In addition, the traffic regulations and congestion on the roads do not allow the delivery of cement, which is very important for maintaining the quality of the product and the timely completion of the project. Another challenge is ensuring a constant supply of raw materials such as aggregates, with logistical limitations and supplier dependencies posing the risk of the disruption of the supply chain.Additionally, the presence of smaller unorganised scale players in the RMC industry complicates the competitive scenario. Traffic regulations and city-space restrictions pose challenges for establishing commercial plants. These challenges call for the RMC manufacturers to come up with innovative ways such as diversifying the marketing efforts to semi-urban areas and improving the logistic operations. Collaboration with the stakeholders and advocacy for simple regulatory procedures are equally crucial for the smooth operationalisation of realty projects in metro cities. What are the other challenges faced by RMC manufacturers while commissioning infrastructure projects in India?Besides the mentioned issues, manufacturers of RMC also face multiple other impediments while deploying infrastructure projects in India. Throughout the whole process, from preparation to transportation and use of RMC, a large number of risks are present and some of them will lead to a lack of consumer confidence and diminished profits unless managed properly. Besides the internal factors, including the incorrect choice of admixture, machine breakdowns, and transportation accidents rank high among the external factors that call for sound management strategies for a streamlined flow of operations and effective completion of the projects.In addition, factors such as the wrong mix formula, unjustified specifications for quality standards, and the transportation lag time contributed by the road traffic introduce unforeseen inconveniences to infrastructure projects. Furthermore, environmental issues may add up to more complex problems. Adhering to the regulations for the environment and minimising the environmental impact of the production and utilisation of RMC should be prioritised. Resolving these problems should be done through a solution that consists of risk management techniques, quality control practices, logistical effectiveness, and environmental consciousness so as to achieve the successful outcomes of RMC projects in India. There is a paucity of skilled manpower in the RMC industry? What are the steps you are taking to increase skill manpower in the RMC sector?The lack of skilled manpower in the RMC industry is a major problem in its growth and efficiency. Recognising this issue, we have implemented several steps to increase skilled manpower in the RMC sector. We have internal programs where extensive training are provided aimed at giving people the skills and the expertise needed for different positions in the RMC sector.We equip them with knowledge on concrete technology, quality control, operation of equipment, safety protocols, customer service, etc. Our skill development helps in skill improvement and career development of the workforce .We invest in the training of professionals with the aim of improving the productivity, efficiency, and sustainability of the RMC sector, and in so doing, fuelling its growth and success in the long run. Your take on the government policies and regulations and the tweaks required to propel the RMC sectorPolicies and regulations of the government are integral in determining the evolution and growth of the RMC sector in India. Efforts by the government such as advocating the use of RMC in infrastructure projects and pushing its benefits in smart city missions has greatly helped the industry to grow.Regarding the RMC sector, more amendments should be made. These include simplifying the regulatory framework in order to promote a friendly business environment for RMC manufacturers, financial and tax incentives to promote the use of RMCs, and improving infrastructure to stimulate construction activities that are the major drivers of demand for RMC. Furthermore, sustainability, research and technology investment towards increased longevity of RMC, and a continuous supply of high-quality aggregates are critical for the sustainable growth of the product in India. All in all, a coordinated approach among government, industry stakeholders, and regulatory bodies is needed to overcome challenges, implement applicable changes, and take the RMC sector to the next level towards sustainability. What are your expansion strategies for the fiscal year 2024-25? Are there plans to launch new products or is a Greenfield or Brownfield facility in the offing?In the fiscal year 2024-25, our expansion strategies are twofold, to strengthen market presence in the North region of India and expand our reach beyond regional confines and actively engage in large and government infrastructure projects. Diversifying our market penetration in North India is a multiple strategic action process.In line with this, we intend to create a more viable sales and delivery network by placing new sales offices and distribution centers at strategic points across the region. Our reputation will enable us to develop alliances and distribution networks in these regions, ensuring that our products and services cater to the specific needs and preferences of different markets. Along with market expansion attempts, we also aim to be part of government ambitious infrastructure projects. We will keep on investing in modern production facilities and also upping the efficiency of our current units to remain steadfast and cater the burgeoning demand of the infra sector. |
2024.05.14 10:11 armchair_panda Share of freehold - other freeholder incapacitated, lives abroad and with no next of kin - can’t sell!
2024.05.14 10:04 Nevada955 [REQUEST] [Steam] Diablo IV (9th attempt)
2024.05.14 09:56 LynnWalton [Get] Paul Ross – Secrets Of Subtle Sales Mastery Deluxe Download
submitted by LynnWalton to u/LynnWalton [link] [comments] https://preview.redd.it/eu4xnqcqlc0d1.png?width=800&format=png&auto=webp&s=7897cd52783abe81cd5c0a5794df3ef580a96421 WHAT YOU GET?Part #1:The Subtle Art Of Superior Mindset – How To Conquer Self-Sabotage, Blast Past Old Limiting Beliefs, And Show Up Aligned And Ready To Win!Have you ever felt that, no matter how sincerely you consciously wanted to win, another part of you was holding you back?When it comes to selling, have you ever had what seemed to start out as a really good day where you were performing at your best, only to then find yourself backsliding into old, stuck patterns that made you wind up feeling defeated? In short, have you ever had those days where despite all your “positive thinking”, pumping yourself up, and getting into peak states, something you couldn’t quite put your finger on made you drop the ball at the one-yard line? Well, you can kiss those days goodbye forever, using the proven and powerful methods in this section that will teach you:
Part #2:Foundations For Your Fortune: The 4 Gold-Key Secrets That Power Your Subtle Selling $uper Succe$$Listen: I’m first to admit, this training will give you word-for-word, fully-fleshed-out phrases and “mini-scripts” you can immediately use to see your cash flow take some nice jumps.But, as with any set of tools, if you know what they are designed to do, their power and precision increases exponentially. That’s why this section of your training is crucial. In it, you’ll learn:
Part #3:How To Double Or Triple The Effectiveness And Bottom Line Results Of Your Sales Presentations (Across Any Platform)Here’s where the rubber really hits the road as I present the “building block” tools and word for word, “mini-scripts” that will powerfully get your prospects to convince themselves to buy so you close your deals in record time at record numbers!You’ll learn:
Part #4:The Subtle Art Of Smashing Objections: How To Increase Your Sales And Closings By Up To An Additional 15-20% With The Power Of Verbal “Jiu-Jitsu”For many of us in sales, objections can be a last minute, even shocking “deal killer”.You’ve established rapport. You’ve asked your qualifying questions. You’ve done your presentation of your “marketing plan” and think you’ve got it all wrapped. Then, suddenly, like a (metaphor) the client/prospect/customer whips out that BS excuse, smokescreen, or stall. In this section of your training, I’m going to teach you how to verbally “flip” that stuff on its head and get your prospects to powerfully talk themselves out of their objections. In essence, you’ll be able to instantly transmute the reason they state they can’t buy – into the reason they MUST buy. (Truly, this is by far the most fun section of the training – many of my students report they have to bite their cheeks from laughing when they see this stuff working in the real world.) You will learn:
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2024.05.14 09:35 whizconsultinguk Optimizing Accounts Receivable for Amazon Sellers: Best Practices for Efficient Amazon Accounting