There have been so many companies that have gone out of business this year and many have been small whereas many of them have been huge?

Woolworths PLC

Well as a former member of the group I must say that I know exactly why the company closed and part of it was indeed down to the poor fixed asset accounting that the company had been doing. They had over 800 stores and quite simply they had a team of idiots behind the company. The directors actuall knew the company was in serious trouble and they just didnt seem to try and do anything about it at all. This obviously failed and I must say a lot of this was to do with the thick headed directors not being able to manage their assetsThis obviously failed and I must say a lot of this was to do with the thick headed directors not being able to manage their assets.

XL

A lot of this was of course down to the fuel prices that had been steadily on the rise in the late part of 2008 and the other was that XL were not filling their planes. Planes were of course the major asset of the company and because of this they were clearly not managing their assets in the best way. One of the other reasons that this company fell is because the recession had started to make people stop and think about going away.

MFI

This is something that can be put to many other things again. One of the major reasons is because they didn’t really put enough time into caring for their customers. The offers that they had were always lying and didn’t include what you thought was included in the deals. Another big problem is that they didnt realise that IKEA would come in and steal the limelight, the fact is they were the better company.

So the advice here? Get some asset tracking in there and make sure your inventory management software is perfect!

One of the initial things that goes through your mind when you consider ordering a takeaway is having to phone through and pick it up. However, as the internet becomes a bigger part of your everyday life, the way you order your take away is beginning to change.

A new online company is started to become more of a player within the takeaway industry. The name of the company is Just-Eat and they give you the ability to order your takeaways via the internet. Only recently has the company made a £10.5 million investment deal for 30% of the company, making it the biggest deal within the food market since the start of the recession.

The owners of Just-eat have said that the money will be used to fund their new advertising campaign which is being launched near the end of this year. This deal should help the company become a larger player within the takeaway industry, it should also make the task of achieving their target of 8000 signed up takeaways simpler.

So far business is going well for the company as they turnover around £3 million every year within the UK, however, that’s not enough for them. A deal is currently being made between Just-Eat and 2 Canadian entrepreneurs who are after seting up a Canadian version. The deal struck up between the 2 sides is for a 50/50 split, this now means that once the Canadian version launches, Just-Eat will be a globally recognised company.

For many people this would be enough to start off with, however, Just-Eat are still searching for more ways to expand. A version for Norway has already been talked about and should be launching next year, then talk will move on to a possible US version.

By the looks of it, we will all soon be buying our pizza online rather than having to phone. I just hope they don’t run out of power for their website.