Reflection R-Rent A Car Essay Example | Topics and Well Written Essays - 500 words

Reflection R-Rent A Car - Essay Example The following week, we faced a new challenge and that is handling the scheduling of the fleet. Many customers are demanding and would not hesitate to transfer to another car-rental service company in case the vehicle they specified is not given to them. This is what makes competition in a free trade â€Å"survival of the fittest†. Smaller companies cannot compete with bigger ones since they have limited resources and manpower. I just realized that scheduling vehicles even on a daily basis is complicated. Timely coordination with other staff and drivers are crucial in giving the service on time. If there was one skill that I developed, it would be time management. In the real world setting, there are many things that needs to be done. The key to being organized is managing one’s time very well. Smaller tasks must be put aside so more important ones could be accomplished. Even personal time is sacrificed in the real workplace. One must be very flexible and willing to deal with any sudden change. Also, I learned that planning is a very important part of handling a project. Like the former project, my soft skills on communicating, negotiating and leading were developed. I had to break out of my comfort zone and feel confident in meeting new people. During interviews, I had to look confident and sure of what I was doing. As I mentioned, planning is very important. I learned that when one is not prepared for a task, then eventually there would be many problems. Among the skills that I really have to develop and master is the numerical skills involved in making financial projections. As I have mentioned in the report, the Rent-A-Car business is seasonal and the market has few barriers to entry. As a business owner or manager, one must have good financial skills that would help him plan in making the company meet its expenses despite low sales. I have to learn more also about financial planning or maybe budgeting. Budgeting should