This article discusses the importance of having a succession plan. According to the Dayton Daily News, about 3 out of 4 small businesses currently do not have a succession plan. Succession plans should not be a birthright, but instead, should go to the most qualified individual. Planning for successor years ahead can eliminate power …
Rachel has experienced something of a stilted start to her professional accounting career due to the coronavirus pandemic, but that has not stopped her. She joined the De Boer Baumann & Company team as an intern in January of 2020 and worked with the firm through March, when the stay-at-home-order went into effect. Rachel …
Lead generation is a key factor in the success of any manufacturing operation. After all, without customers to buy a product, there is no need to produce it. Thomasnet recently released a thorough article offering more than thirty helpful tips for manufacturers seeking to refine their lead generation tactics and pursue business growth. The …
As a manufacturer, you are well aware of the importance of your operation’s return on assets (ROA). This key performance indicator speaks volumes about how a manufacturing operation is running. A recent article from Manufacturing Business Technology offers a helpful overview of what ROA is and how you can work to improve it. Click …
Manufacturers today are fortunate to have a bevy of cutting-edge technology designed to meet their needs; however, harnessing the power of new technologies is no small task. A new article from Industry Today offers key advice for using technology to grow your business. The author’s three main recommendations are to use new technology to …
The digital revolution is in full swing in the manufacturing sector. In order to achieve success with digital transformation, manufacturing leaders need to focus on much more than simply acquiring modern equipment—they need to understand how to integrate the new machines with the old and develop a system for tracking and managing all of …
This article discusses how marketing is essential for any successful business, especially startups. However, sometimes the best marketing practices can be extremely expensive with little return on investment. However, using simple tips such as getting a social cost, having a referral program, and sending emails to the right people are all inexpensive ways that …
This article discusses how General Motors’ factories in Fort Wayne, Indiana; Wentzville, Missouri; Spring Hill, Tennessee; and Lansing, Michigan have been affected by a shortage in computer chips. General Motors, the parent company of GMC, Chevrolet, Buick, and Cadillac, will see a halt in production involving their “most profitable vehicles, including pickup trucks and …
This article discusses the best methods to practice before selling your business to someone who values it as much as you do. Firstly, it is important to determine your business value. In order to successfully do that it is necessary to follow the asset method, market method, and income method. It is also important …
This article discusses a variety of emerging trends that are expected to have a significant impact on the agricultural industry this year and beyond. For example, sustainable machinery, precise agriculture, robotics, and better irrigation systems are all trends that have emerged due to the coronavirus pandemic. Further, the growing importance of software is going …
