This article acknowledges and discusses how running a family business can be difficult at times. From balancing a family work-life balance to communication issues, this industry can be very challenging. However, by following tips such as actively managing family dynamics, hiring externally when necessary, establishing a structure, and succession planning, your family business can …
This article discusses how U.S. government funding for semiconductor production and research could pose a huge opportunity for manufactures. With the world becoming more and more digitalized, funding is pouring into technology development such as semiconductor processing chips. Further, “a global shortage of semiconductor chips, caused by factors including a rise in demand for …
This article discusses how many businesses felt a significant negative impact due to the coronavirus pandemic this past year. Although most of the setbacks were unavoidable, it is important to do everything in our power to avoid making the same mistakes in the future. For example, mistakes such as not keeping good business records, …
An 18-year veteran of the accounting industry, Lynnette has been a member of the De Boer Baumann & Company team since 2015. She serves in the firm’s Holland & Grand Haven offices, working as a QuickBooks Certified Pro Advisor & Trainer and as Payroll Manager. Lynnette’s extensive professional history allows her to serve her …
Despite expending your very best efforts, you have probably lost a major client at some point during your manufacturing career. If this hasn’t happened to you yet, it probably will eventually. A recent article from Thomasnet offers some helpful tips for what to do in this situation. The article recommends trying to sell additional …
When it comes to digital marketing for a manufacturing business, email campaigns are one of the best tactics, according to a recent article from Thomasnet. Author Helen Carey offers a helpful list of “Do’s and Don’ts” to improve manufacturers’ email marketing efforts. She recommends focusing on crafting a strong subject line, using an email …
The coronavirus pandemic has had a costly impact on the manufacturing sector in the form of intense inflationary pressure on the prices of raw materials. A recent article from Industry Today offers some advice for manufacturers in light of this reality. Authors Joe Basar and Marta Mussacaleca recommend that manufacturers prioritize materials categories, identify …
This article discusses, like most industries, technology is having a significant impact on the agricultural industry. For example, farmers are using technology such as data processing to make faster and more efficient decisions. Additionally, an increase in food safety demands (due to the pandemic), water usage, and telecommunication are also problems being solved by …
This article discusses how, like most industries, technology is having a significant impact on the manufacturing industry. Specifically, the role of e-commerce and how manufacturers should approach this service are all outlined. Whether it is expected online sales growth, buyer-to-buyer expectations, or possessing a modern platform, manufacturing should be gearing up for a wave …
This article discusses the business strategy of time clock rounding in order to ease payroll calculation and prevent employee time theft. With many employees still working from home, these practices are important to review frequently. Legally, if you participate in rounding, there are three approved rules that you must follow. One is the 15-minute …
