A recent survey provides insight into the cash flow management at manufacturing and distribution and distribution companies.
Recently, financial and senior executives from manufacturing and distribution and distribution companies were surveyed about their cash flow practices. Only 46% of them had implemented a working capital plan, despite the fact that 88% believe more efficient working …
Energy propels your business. From the climate and working conditions to the manufacturing and distribution of your product, energy is involved with every aspect of your operation. Senior industry specialists discussed the myths about energy management, and how you can maximize what you use.
First, look at the three driving factors of energy costs: how …
Earlier this month, industry leaders met during the U.S. Soy Global Trade Exchange to discuss the foodie phenomenon, and how to market to this consumer. The keynote speaker defined a foodie as “someone who considers food a key hobby and is socially active in discussing those subjects.” Foodies had been the subject of much …
If you’re operating overseas, you should be aware of the economic impact new Brexit rules could have. Requirements will become more complicated and it could become more expensive to do business. The Value Added Tax (VAT) system that currently exists will be eliminated between the UK and other members of the EU. With the …
Is there a piece of machinery you’re thinking about replacing? Maybe that’s not necessary. Experts agree: the best insurance policy is an effective maintenance program. However, if you’re at the point where your machine is on its last legs, here are some things to consider before you replace it.
It’s a good idea to collect downtime …
What do your buyers want? It’s not all about price! Here are some other factors that impact their decisions.
When you take on a new client, you are building a relationship. That process starts when they are still prospects, and you’re trying to convince them you’re the best fit for their needs. Price point might …
Hopefully you have an e-commerce site up and running. If not, what’s holding you back? Sometimes it can be a desire to maintain the relationships they have with resellers, and they think offering e-commerce directly to end users will weaken that relationship.
If you’re still on the fence about whether it’s the right decision for …
In December 2015, the Protecting Americans from Tax Hikes (PATH) Act was passed. The PATH Act has seen a lot of benefit to business owners. Small and mid-sized manufacturers distributors can now benefit more from these credits than they have in the past.
Your CPA is the best resource for information about tax credits, but …
You might have read our blog about labor force and dispelling common myths. There is a definite workforce shortage, but there are steps to take to prepare future generations of workers.
Getting more women into the field will go a long way to make up for labor shortages. To get more women in the field, …
Whether you’re still building your business or you’re firmly established and looking ahead to the next phase, it’s a good idea to be informed about retirement so you can best prepare.
Social Security benefits
Social Security benefits can begin between the ages of 62 and 67, depending on several factors. Benefits may be available to spouses, …
