Implementing accounting methods that are specific to your farm or ranch operation is an important aspect of running a successful business in this arena, explains a recent article from Farmbrite. The author offers an overview of various helpful tools, tips, and accounting standards that can help agriculture businesses thrive. Click here to read about …
Labor shortages are a major issue in many industries these days, and the agricultural sector is no exception. What steps are you taking to improve your workforce retention? In a recent article from AgWeb, author Taylor Leach recommends engaging with your employees regarding their total compensation statement—that is, all of the ways that they …
The agriculture sector is undergoing major transformation due to many factors including technological development, cultural shifts, and the coronavirus pandemic. In a new article published by AgWeb, Peter Martin examines how four major trends will impact farming operations. Click here to learn about anticipated changes in the logistics of supply chain payments, the use …
Regularly performing an evaluation of the economic sustainability of your agribusiness is an important habit to establish, explains Brittney Goodrich in a recent article from Growing Produce. This includes both updating your budget and taking the time to evaluate your organizational risk. Click to read the helpful strategies for risk management that the author …
Despite the global upheaval caused by the coronavirus pandemic, many manufacturers have managed to retain their entire workforce—and a significant amount are even looking to hire additional team members. In a recent article from Industry Today, author Jeffrey Rohrs offers some tips for manufacturers in need of skilled professionals.
Track Your Applicants – Consider using …
As a result of global disruptions caused by the coronavirus pandemic, a new opportunity may exist for North American manufacturers. A recent article from Thomasnet examines how global conditions are causing a locational shift of many production and sourcing operations and how that shift is beneficial to some manufacturers.
Causes of Reshoring
Historically, the major cause …
Strong company leadership is a key component of successful lean manufacturing operations. That said, developing strong leadership is a difficult task. A recent article from Industry Week examines the benefits of people-centric leadership (PCL) and offers the following tips for developing PCL within your manufacturing organization:
Introspection – Encourage your company’s leaders to focus their …
In the wake of the coronavirus crisis, many manufacturers need to reevaluate their pricing models. In a recent article from Industry Week, author Stephan Liozu suggests a two-part plan for transitioning to a better pricing model.
Cost-Based Pricing Improvements
First, manufacturers should focus on improving their current cost-based pricing system. Liozu suggests working towards a more …
One of the benefits included in the COVID-19 epidemic stimulus package is the ability of an employer to defer payment of the employer’s share of certain federal payroll taxes. The deferral applies to the employer’s 6.2% share of the Social Security (OASDI) payroll tax.
The deferral does not apply to the employer’s 1.45% share of …
If you’re a small business owner struggling financially due to the COVID-19 outbreak, there is help available. The SBA is offering Economic Injury Disaster Loans of up to $2 million – here are answers to the FAQs.Q: How much funding can I get?Small businesses that need support through the disaster recovery period can borrow …
