5 Tips To Help You Keep Your Conveyor Chains Operational

Conveyor chains are used to drive different types of conveyor units and use different types of power transmission. If you want to get the most out of your equipment, make sure you maintain them. This is even more important if they are installed in the mining and construction industry. Given below are a few tips that can help you ensure your conveyor chains will continue to work properly.

1. Follow the Maintenance Schedule

First of all, you may want to inspect and service them to ensure proper alignment, lubrication and tension. If inspected on a regular basis, they can last up to 15,000 hours. It’s better if you schedule filter and oil changes every 3 months. On the other hand, the cleaning of bigger parts, such as shafts, machine lubrication and replacement of damaged or worn sprockets and sideplats should be done on an annual basis.

Following the maintenance schedule is paramount, especially if you have installed the conveyor chains in the construction and mining industry.

2. Lubricate Wisely

For smooth operation, conveyor drives and chains should be free of moisture and dust. Most of these systems require petroleum-based oil. It’s not a good idea to opt for heavy greases and heavy oils. The reason is that they are overly stiff and can’t lubricate the system properly. Given below are some common ways of lubricating the conveyor chains. Some of them are listed below:

Stream lubrication
Disk lubrication
Drip lubrication
Manual lubrication

Based on the power and chain speed, the right method can be used. For reducing wear and tear and enjoying all the benefits, it’s important that you lubricate the system properly.

3. Get Heat-Treated Parts

Heat treatment can be used to improve the mechanical components. Therefore, manufacturers control the treatment methods for best results. In other words, to reduce wear and tear, it’s important to perform proper heat treatment.

Case hardness and depth are the two primary parts of component heat transfer. This plays a great role as far as resistance and durability is concerned. If the depth is too much, the parts may break while working due to brittleness.

4. Make sure there is Proper Alignment and Tension

Make sure you check the slack span and chain tension, and perform the required maintenance. If you need to reduce the tension, you can eliminate two pitches and then connect the chain again. However, you may need to replace the entire chain if the wear and tear goes beyond the functional limits.

Also, you may not want to connect new chains to the worn one as it can damage the drive. Misaligned sprockets can also cause the link plates of the roller chain to get a lot of wear and tear.

5. Check the Primary Parts

Typically, conveyor chains have two main parts that go through wear and tear: sprockets and chain. Chain stretching happens due to this very reason and results in the complete replacement of the sprockets and chain.

Therefore, you should inspect conveyor chains for any broken parts, deformation and cracks.

In short, these are the tips you can follow to maintain your roller chains.

How to Improve Your Financial Management

It must be in your veins to have strong desire to constantly improve your financial management.

You are certainly aware of the importance of excellent financial management. You need it at the high level of improvement in order to achieve the financial freedom you deserve. The best financial management possible can lead you to the success you only dream of.

Brian Tracy is giving you a hand and he wants you to know how to make more money by implementing professional financial management into your life.

He claims you should immediately improve your personal finance. Tracy is sure that you are able to achieve your freedom only by keeping financial management at the high level of perfection.

Brian Tracy wants to teach you the mystery of reaching your financial goals by increasing productivity and performance. All you have to do is to learn how to set better priorities every day.

All the tips presented by Brian Tracy to help you make more money and become a truly successful person are really very simple. All you need is persistence. You must focus on small actions repeated regularly. And don’t forget to make the actions a daily habit. Those conditions seem to be the key factors of your financial independence.

Tracy encourages you to make a habit of investing the first hour of every day in yourself. Try hard to have a good will and decide to spend your first hour after waking up on personal development. What can you do then? Well, reach out for a good book on personality growth and read it every single morning. This fruitful habit will pay you in the future. The hour spent this way will give you more productivity and increase your performance in daily work.

If you really want to improve your financial management, you must rewrite and review your goals every day and think of how you could accomplish them. This activity will take you only a couple of minutes but its outcome may be huge indeed.

According to Brian Tracy, your financial management will stay excellent if you make an effort to plan every day in advance.

The best time to do this is the night before. The very act of planning each day, each week, each month, in advance will make you far sharper and more precise at everything you do. You will find yourself with better focus and a greater sense of self-control and personal power when you work from a list. Your efficiency will automatically jump and your financial management will be performed more professionally.

It is very important for your efficient financial management to learn the best methods of concentrating on the most valuable use of your time.

Don’t waste it on the things you don’t consider of high importance for your great success. Learn how to best choose your activities. It is not always an easy task but you have to do what it takes to learn it. Your financial management will only take advantage of this learnable habit of focusing on the most essential things to do.

Do you drive a lot? Do you spend several hours a day behind the wheel going to work? How about choosing to put a high quality audio program into your CD player in the car instead of listening to music? This way you may easily gain more skills in your profession and then improve your financial management.

Core Small Business Skills – Financial Management

With research into Australian small business failures revealing that 90% of small business failures occurring as a result of a lack of key management skills, it pays small business owners and entrepreneurs to develop a core set of key management skills on which they can draw. Developing strong financial management skills is one of the core skills essential for the management and growth of any small business and entrepreneurs should learn to master these skills to ensure their ongoing viability and success.

Financial Responsibility

Many entrepreneurs abdicate responsibility for the financial management of their business to their accountants.This is a rookie mistake. As the business owner you must take responsibility and accountability for the management of your finances. For the planning, for the ongoing management and monitoring of the financial aspects of your business performance.

You are also responsible for learning to read and thoroughly understand the key financial reports. Work with your accountant to learn how to read each of the reports and to look for indicators as to your business’s financial health.

Financial Planning

Financial planning and in particular forecasting is vital especially when it comes to managing capital and liquidity, because any shortfall for either will lead to the early demise of your business. You need to be continually looking ahead to determine your upcoming financial situation and to asses what needs to be done to meet those financial commitments.

Accounting System Management

The first core requirement is the ability to maintain an accounting system that is compliant with current taxation requirements, such as MYOB or Quickbooks. These systems provide a raft of automated processes including the delivery of key financial documents such as Balance Sheets, Income and Expense Statements and Cash Flow forecasts.

You need to be able to understand each business transaction and translate and record the details of each transaction into the accounting system. This information can then be used to generate your financial reports, and can also be used as the basis for your taxation returns.

Estimating and Pricing

Incorrectly estimating jobs or pricing your goods and services can be disastrous for your business. If you consistently charge less than it costs you to do the job, you will quickly run out of cash. While if you prices are too high you may just price yourself out of the market. Building your skills in estimating and pricing is paramount to the success of your operation and you should make yourself familiar with the various pricing models and learn to apply the model most appropriate to your situation.

Taxation Management

Taxation rules and regulations are a huge, constantly changing body of work, and it is best left to the experts in the field. However, that does not mean you don’t have to build your own basic to intermediate body of knowledge. You need this to work effectively with your financial and taxation advisors. You need to know how to ask pertinent questions about the cause and effect of particular decisions and how they are declared for tax purposes, so that you can make informed tax management decisions.

You don’t have to be a fully qualified bookkeeper or accountant, but it certainly pays to know and understand the accounts and financial elements of your enterprise. Work with your accountant and tax specialists to determine the most appropriate solutions in your particular situation but don’t abdicate responsibility. Make sure you have them mentor your financial management skills along the way.

Karen L. Paiyo is an Australian Small Business Counsellor, supporting and nurturing the spirit of entrepreneurship in the Asia Pacific Region. Karen empowers small business owners by transferring to them the skills and expertise needed to help them take their business ideas from creative concept to profitable reality, faster and with less risk.