“Knowledge is the business fully as much as customer is the business. Physical goods or services are only the vehicle for the exchange of customer purchasing power against business knowledge”.

Above statement was made by Peter F. Drucker, a prominent Management and marketing guru.

Any economic result is the result of differentiation. What is that niche you posses that make you hot property in any market. It comes from knowledge. Knowledge is held by organization people. One day all labour can be automated by machines. But knowledge specifically is a human asset. If you have knowledgeable people you can target the sky. Books are more collection of information. Internet is one of the best medium for generating information on particular subject. But information is not a business.

Knowledge itself is not a business when used inside. When it do not produce value to the holder of knowledge, it is useless. It becomes business when applied outside of a business, to the customer, market and end-uses.

Mittal steel is king of steel market today. It posses a peculiar knowledge of converting non- performing public business and factory into highly profitable steel producing entity. It has done this numerous times Laxmi Mittal, Chairman and managing director, and his people do not change much in the plants. According to Aditya Mittal, CFO, and son of Laxmi Mittal, they apply their knowledge and past experience to turn thing around, Mittal steel turned their early acquisition around in 18 months. But now they have refined their knowledge and make any plant they capture profit producer within 6 months. That’s where I say business is knowledge and knowledge is business.

Looking at GE, they have an uncanny ability to mark a new opportunity and jump into it in a big way. GE is one of the leader and rare gem in America to dominate the whole 20th century. None have done that. They posses best of best talent in the market. But still there is no example of a business which they have acquired and which is the leader in its market. They messed up with RCA, and their finance acquisition. Yet they are king with GE capital, a blue eye child of GE.

So what make an organization successful in a specific area, while a distant runner in other area? Assets and money could be acquired but it is the knowledge which turns that asset into real business.

That why an old edge say. Give me 10 knowledgeable people and I will conquer the world.

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With advancement in the field of technology and automobile industry every year variety of latest models of vehicles are introduced in markets throughout the globe to attract new customers. There has been a revolutionary growth in the production of cars and so has the need arisen to obtain quick money to finance it. The most convenient and easy source of obtaining a dream car is by way of an auto loan.

In today’s inflationary period it is not possible to own a car without an auto loan.

There are many ways to secure an auto loan.

1) Banks/Financial institutions: – Now a day nationalized banks and financial institutions provide their customers a wide range of auto loans containing various terms in compliance with their demand. Any person can borrow up to 125% of the assessed value of car. Such loans are generally available for a term of 3-5 years but the term of the loan can be extended up to 6 years if the value of the car goes beyond $15000. Generally bank or financial institution grants the loan only after checking the financial position of any individual.

2) Secured loans: – Secured auto loans are the loans which are issued that are secured by the liens on the car/vehicle that is being purchased. It gives the much needed security to the lender on the lent out money. As repayments are made the securitization liquidates and becomes zero when the entire amount with interest is re paid. Only thing is that one must be regular in paying the repayments as the default causes in loss of vehicle.

3) Unsecured auto loans: – such loans can be obtained easily without placing any collateral against the vehicle. Here there is no fear of losing an asset but it carries a higher rate of interest as compared to secured loans.

4) Bad credit loans: – Generally a person intending to buy any vehicle must enjoy a good credit score. His monthly earning should exceed $2000 and his credit score must touch 550 points to achieve his dream car. But if in case his credit position is less than desired and still he wants to realize his dream of owing a car than he can resort to sub prime loans. Such loans are offered to people with bad credit on a higher rate of interest. One must be smart enough to negotiate a best deal with a suitable lender.

5) Online lenders: – In order to secure an auto loan a person can browse through relevant websites and compare rates with different schemes with a lender only with few mouse clicks. Such lenders starts the process of granting loans immediately through mails and one finds the best deal knocking his door within minutes at his doorstep.

Secure your loan an easy way and take your dreams to a long drive.

Kuntal Mehta owns www.homeandfamilybills.com the site is meant to help individuals and families leverage their financial capabilities to the fullest. Visit www.homeandfamilybills.com/home-refinance-loans/home-mortgage-refinancing-rates.php to read more articles on mortgage and debt
By Kajal Thakkar
Independent Writer