Top Business Trends for 2023

The year 2022 was a tough one for businesses, with the recovery from the pandemic being hampered by inflation, supply chain risks and the war in Ukraine. However, there is room for optimism, with technological advances allowing companies to progress in ways they never thought would be possible. Thanks to research on consumer sentiment, new business trends emerge each year. This enables companies to adapt to what the customer desires and to provide a more enhanced user experience. We’ve looked at the top business trends for 2023 to see which ones will have an impact this year. 1. Investing in sustainable products With consumer behavior indicating that sustainable products are becoming more popular than ever, businesses are expected to invest in affordable sustainability. Research from Deloitte suggests that consumers are increasingly making conscious decisions to live more sustainably; a trend which is driven by concern around climate issues and the cost-of-living crisis. Some of the key findings showed that c...
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How to Use Small Business Tax Deductions

As a small business owner, there are many costs and opportunities for savings that you should be aware of. Optimizing your balance sheets to deliver profitability becomes much easier when you know how your way around small business tax deductions. Successfully running a small business means having a clear overview of the expenses that you encounter throughout the year. Come tax time, it is important to understand that there are many small business expenses that the United States federal government has determined to be tax-deductible. Which Costs Can I Claim When Filing my Taxes? There are many different small business tax deductions available for small and medium-sized companies. Areas such as rent, inventory, payroll, and utility costs are some examples of small business deductions that you can claim when you file your yearly taxes. It is important to understand how to use small business tax deductions so that you can be sure you are not overpaying for normal outbound expenses that can be written off. Taking advantage of small business deductions is an important opportunity that every American business owner should be aware of. Though it is very challenging and time-consuming for many small business owners to file their yearly taxes, the government has created a policy framework that offers special benefits for small business tax filers. In this article, learn mo...
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Fleet management strategies and services to inject dynamism into your business

A business man is using his laptop
Having an efficient, reliable, and cost-saving strategy to solve your mobility needs is crucial. At SIXT, we have ample experience working with the most varied corporate clients. In this article, we share with you our extensive know-how on fleet management. It is important to consider some key aspects that will help you develop an effective strategy, such as understanding the types of costs that companies face in traditional corporate fleet management and using SIXT’s approach that saves time and money thanks to its innovative conception of mobility and state-of-the-art technology. Fleet management, how to develop the right strategy What is fleet management? What activities need to be coordinated and taken into account by a fleet management system? Fleet management for a company includes the development, organization, and implementation of all the processes required to manage a corporate fleet. This involves all the steps between the acquisition of vehicles, their maintenance, and their disposal. A successful strategy will minimize costs, ensure compliance metrics, increase productivity and efficiency, and, of course, will ensure the satisfaction of employees and team members. A point that companies often underestimate is that mobility needs change. The right fleet management strategy will develop ways to cope with uncertainty and build resilience. The first step ...
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Corporate travel apps for organizing and enjoying your business trip

Business man is sitting in a car and using his smartphone
Business travel can be both stressful and messy at times. Downloading a few apps to make your trip smoother and easier can be the key to transforming work into play. Figure out the best way to navigate to your destination, the best way to find unique and spacious accommodation, and pick the perfect place to impress an important client over dinner with our selection of corporate travel apps. Most of these apps are available for all types of smartphones and completely free of charge or available at a low cost. Make sure to always check out the privacy policy when using a new app. 1. Arrive at your destination comfortably without getting lost Momondo – Flights, Hotels & Car Rental Momondo's simple app with a sleek user interface is a great way to find the best deals on flights for business travel. You can easily filter the results according to your company’s flight rewards programs, your desired travel time, as well as book hotels and car rentals at the same time. A clear overview of airlines, flight options, and rates If you don't want to book your flight immediately, you can save it and sync your account with another device, or send your desired travel itinerary to someone else Sort tickets according to flight time or price, and save even more by being flexible with your dates Set...
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How to start a delivery Service with a company car rental

Starting your own business can feel daunting when you first look at it. A business, however, can and should be something simple that helps people in their daily lives. In recent times, particularly in the past year, food services and other delivery businesses have thrived despite the economic downturn. Not only do delivery services facilitate the needs of struggling businesses and provide a safe shopping experience for customers, but they are one of the easiest businesses to start, too. A great way to start is by using a rental car for your deliveries. What type of delivery service is right for you? Delivery can seem simple on the surface; you offer a service that moves an item from one point to another. To succeed when opening your delivery service, you probably have to narrow down your idea into something more tangible and maybe focus on a niche of the delivery market. You could either deliver a product that you produce yourself, such as food from your restaurant, or a product that can also be bought in your physical store. Allowing customers to order online with fast delivery is also popular. Many delivery services, however, are not involved with creating the goods that are to be delivered, or with acquiring customers, but simply facilitate the transaction. You can narrow down your business when it comes to the goods that you transport and your other areas of f...
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Calculate business mileage: Complete guide and tips to get your trips reimbursed

Mobility runs through our DNA. One of our core undertakings is solving the mobility needs of companies. This is a thorough guide on how to calculate mileage for tax deduction purposes, elucidate some of the technical jargon, and provide you with useful tips. Whether you use your private car to go from one meeting to the other or for the transportation of goods for your company, there are some tax benefits you can enjoy. We will explore what calculation of mileage means, the methods available for deducting business-related mobility expenses, and some tips about cutting-edge technology. 1. What does it mean to calculate mileage for tax deduction? Whenever a person uses a car for business-related purposes and incurs costs derived from these business trips, the Internal Revenue Service (IRS) foresees tax deduction benefits. These benefits are part of the broader concept of tax-deductible business expenses that include costs of travel, transportation, gifts, and non-entertainment-related meals. "If you use your car only for business purposes, you may deduct its entire cost of ownership and operation (subject to limits…). However, if you use the car for both business and personal purposes, you may deduct only the cost of its business use." - Business Use of Car, ...
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What are the benefits of small business car rental?

Until recently, long-term car rental used to be taken up by international corporations and large companies. This method is becoming increasingly popular among small and medium-sized businesses—and not without reason! The times of having to own a vehicle seem to be far behind us. Buying a car tends to strain the smaller and medium organizations financially and may not always be commercially viable. Are you a small business? Instead of buying a car, you can consider a long-term rent. Find out how this form of car rental can be beneficial to your company! First things first. What is small business car rental? Long-term car rental allows renting a car for a specified time, whether one month or one year. The minimum rental period is 30 days, and there is no limit to the duration of the contract. There are times when small business car rental makes more sense than buying or leasing a car. Whether it is due to the seasonality of the small business (like operating only in summer), a significant employee turnover, or the need to maintain the cash flow, car rental comes with multiple benefits. Find out how it works and what are the main advantages below. How is small business car rental different from leasing? ...
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Insights into a successful strategy to start a business

At SIXT, we have years of experience working with the most diverse palette of corporate clients. Big corporations with thousands of employees in several places of the world, startups in the world's most vibrant metropolises, one-person companies, and many more use our services regularly. In particular, we pay a lot of attention to emerging companies, closely listening to their experiences and needs. This helps us both finding new ways to improve our service and staying at the forefront of innovation. Here we share compelling insights about the right mindset and approach to start a business. 1. The right mindset to start a business: agility, flexibility, and resilience Even before the COVID-19 pandemic, it was clear that the business landscape is characterized by fast-paced change and dynamism. Enduring forces such as accelerated technological innovation, globalized and highly interconnected networks, and the pressure of climate change were already stressing and stretching global economies and business systems. Now that some long-thought stable structures proved fragile, many companies were forced to recognize the importance of agility and flexibility. The more tradition...
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How to come up with a business name

Choosing a business name is an exciting yet challenging part of setting up your own business. After all, your company name is what makes the first impression on your customers and it can be crucial to the success of your business. In this article, SIXT Corporate takes you through how to come up with a business name. We’ll be looking at steps to take, important aspects to consider when choosing a business name and how to avoid potential pitfalls. Every business needs a name! So, you need to come up with a name for your new start-up? Having the chance to choose its name should be one of the best things about starting your own business. Choosing a business name that is catchy, simple and memorable while telling potential customers what your business does is not that simple. SIXT comes as a good example here. In 1912, Martin Sixt founded the namesake company for what was back then the first car rental company in Bayern with a 3-strong fleet. The name is simple, relatable, easy to pronounce, and proved to be a wise choice. What’s in a name? The name of your business should leave a lasting impression on your customer...
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Top Business Trends For 2021

2020 has been one of the most challenging years for businesses due to the ongoing global pandemic. All businesses, small and large, have been significantly affected in many ways. Even though the fight against the pandemic is far from over, many business owners are optimistic that 2021 will be better than the last year. Now that many vaccines are being rolled out and administered in most countries, we finally start seeing light at the end of the tunnel. Every year, new business trends emerge that can help businesses grow, and 2021 is no exception. Here are some of the business trends for 2021 that every entrepreneur should pay attention to: 1. Remote work is the new normal When the government issued lockdown orders to avoid the spread of the virus, this led to employees staying at home for some time. Companies had to quickly adjust to a remote workforce. This was challenging because most companies did not see it coming, but all in all, they had to adjust. Ultimately, this made many companies rethink their business model. Some businesses even saw an increase in productivity when their employees started working remotely, and 2021 i...
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