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:

Management Advice

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

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

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?

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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?

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Topics: Management

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?

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Topics: Marketing, Management, Succession Planning

How To Retain Key Employees to Protect the Value of Your Shop

Oct 14, 2016 11:23:48 AM

Posted by Gosiger on Oct 14, 2016 11:23:48 AM

Succession Planning Question 4: How can you retain key employees.

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Topics: Management, Succession Planning

5 Reasons To Consider Forming An Advisory Board

Aug 26, 2016 10:30:00 AM

Posted by Gosiger on Aug 26, 2016 10:30:00 AM

CNC shop owners tend to be independent types. After all, that's why they run their own businesses. For some, this independent streak also means they seldom take advice from others. However, few of us are skillful in every aspect of owning and operating a business. That's why it makes sense to consider developing a board of advisors made up of people with various talents that compliment your own.

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Topics: Management

Do You Plan to Sell the Business? If so, to Whom?

Aug 12, 2016 11:30:00 AM

Posted by Gosiger on Aug 12, 2016 11:30:00 AM

Succession Planning Question 2: Do you plan to sell the business? If so, to whom?

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Topics: Management, Succession Planning

What is Your Personal Vision and Timing?

Jul 15, 2016 9:00:00 AM

Posted by Gosiger on Jul 15, 2016 9:00:00 AM

Succession Planning Question 1: What is your personal vision and timing?

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Topics: Management, Succession Planning

Want A Happy Ending? Answer These 10 Questions

Jul 8, 2016 11:00:00 AM

Posted by Gosiger on Jul 8, 2016 11:00:00 AM

Most manufacturing business owners are much more interested in starting and running their shop than planning for the day they step away from it.

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Topics: Management, Succession Planning