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:

Investing in CNC Machines: The Human Factor

Aug 11, 2017 9:18:00 AM

Posted by Gosiger on Aug 11, 2017 9:18:00 AM

It’s safe to say that most manufacturers recognize that their greatest asset is their people. They may have the latest and greatest technology, but it is the skills, experience and dedication of those who work for them that make the company what it is.

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Topics: Technology

3 Ways To Reduce Employee Absences

Aug 4, 2017 10:57:00 AM

Posted by Gosiger on Aug 4, 2017 10:57:00 AM

Occasional employee absences or tardiness, although inconvenient, are part of the human condition. However, an employee who habitually arrives late, calls out or simply doesn’t show up is being unfair to everyone who has to take up the slack. Not to mention impacting production schedules, customer deliveries and productivity.

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Topics: Management

Here’s How Marketing Can Help You Get More Customers

Jul 21, 2017 10:54:00 AM

Posted by Gosiger on Jul 21, 2017 10:54:00 AM

Whether you own a CNC shop or are responsible for bringing in business for your employer, you’ll be more successful if you move beyond basic sales tactics to developing and implementing marketing strategies.

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Topics: Marketing

The Time For Exit Planning Is Right Now

Jul 7, 2017 9:02:00 AM

Posted by Gosiger on Jul 7, 2017 9:02:00 AM

Few of us like to think about the end of things, especially a business we’ve just started or have been nurturing for some time. Plus, with all of the other day-to-day workplace challenges, who has time to plan that far ahead?

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Topics: Management

Want More Business? Check Your Shop’s Emotional IQ

Jun 30, 2017 2:28:05 PM

Posted by Gosiger on Jun 30, 2017 2:28:05 PM

Most of us like to think that the buying decisions we make are based strictly on facts and figures. We look at specifications, evaluate the differences between options and make a perfectly logical choice. The truth is, every buying decision is also influenced by our emotions.

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Topics: Management, Culture

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:

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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.

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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:

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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.

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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.

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Topics: Finances, Management