Business Solutions

Welcome to Business Solutions Center where you can find answers, ideas and best practices for running your CNC Shop. In the Business Solutions Center Gosiger will offer unique and effective solutions to help power your business.

Select a topic to read more expert advice:

5 Reasons To Use Social Media To Bring In More Orders

Jun 16, 2017 1:50:40 PM

Posted by Gosiger on Jun 16, 2017 1:50:40 PM

Social media is not a panacea for building your business, but it is an important part of an integrated marketing program. Along with personal selling, a strong Internet presence, advertising and public relations, social media can help you increase orders from existing customers and introduce your shop to new ones. Here are 5 other reasons to use social media:

Read More

Topics: Marketing

5 Ways The Fed’s Rate Hikes Could Affect Your Business

May 12, 2017 11:42:00 AM

Posted by Gosiger on May 12, 2017 11:42:00 AM

Confident that the U.S. economy is on firm footing, the Federal Reserve Board has begun gradually increasing interest rates and plans to do so at least two-to-three more times this year with additional increases in 2018. Along with the average consumer, businesses will soon begin to feel the effects in some obvious and not-so-obvious ways. This is especially true for small business (defined as those with 500 or fewer employees) who own or employ about half of the American workforce.

Read More

Topics: Finances

Should You Offer A 401(k) Plan To Your Employees?

Apr 28, 2017 10:29:00 AM

Posted by Gosiger on Apr 28, 2017 10:29:00 AM

There’s no question that finding good employees for your CNC shop is challenging – as is holding onto them. Employees leave companies for a variety of reasons including uncertainty about their financial futures, particularly their ability to someday retire comfortably. One way to relieve this concern is to establish a 401 (k) plan. The IRS has specific guidelines for such plans, but in general here’s how they work:

Read More

Topics: Finances, Management

7 Ways To Protect Your Shop Data From Cyberattacks

Mar 31, 2017 5:37:59 PM

Posted by Gosiger on Mar 31, 2017 5:37:59 PM

Many who run small to mid-size businesses tend to think of cybercrime as only a big business problem. While it’s true that large corporations, governments, banks and retailers are likely targets for Internet based crimes, smaller businesses – including CNC shops – are not immune. According to the 2016 Internet Security Report from Symantec, 43% of cyberattacks last year targeted small businesses.

Read More

Topics: Technology

5 Things to Consider When Buying An Existing Business

Mar 10, 2017 11:59:00 AM

Posted by Gosiger on Mar 10, 2017 11:59:00 AM

Let’s say you’re a CNC shop owner looking for new ways to compliment your existing business. Or, perhaps, you have an itch to add a new business to your portfolio. In either case you can start from scratch, or acquire an existing enterprise.

Read More

Topics: Finances, Management

What’s Next?

Feb 10, 2017 10:21:00 AM

Posted by Gosiger on Feb 10, 2017 10:21:00 AM

Succession Planning Question 10: What will you do after you sell your business?

Read More

Topics: Management

What Makes Your Business Unique?

Jan 20, 2017 11:08:00 AM

Posted by Gosiger on Jan 20, 2017 11:08:00 AM

Succession Planning Question 9: Are you investing in innovation and R&D?

Read More

Topics: Management

How Your Company Culture Adds Value When It’s Time To Sell

Jan 6, 2017 8:57:00 AM

Posted by Gosiger on Jan 6, 2017 8:57:00 AM

Succession Planning Question 8: What is your company’s culture?

Read More

Topics: Succession Planning, Culture

How Being A One-Person-Band Can Make It Harder To Sell Your Business

Dec 23, 2016 11:00:00 AM

Posted by Gosiger on Dec 23, 2016 11:00:00 AM

Succession Planning Question 7: How dependent is your business on you?

Read More

Topics: Marketing, Management, Succession Planning

What Does Insurance Have To Do With Succession Planning?

Dec 9, 2016 10:38:00 AM

Posted by Gosiger on Dec 9, 2016 10:38:00 AM

Succession Planning Question 6: What about insurance and buy-sell agreements?

Read More

Topics: Finances, Succession Planning