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

7 Keys to a Successful Family Business

Dec 1, 2017 12:15:00 PM

Posted by Gosiger on Dec 1, 2017 12:15:00 PM

 

 

A number of privately owned manufacturing businesses in the U.S. have more than one family member on the payroll. That’s not surprising when you consider that many people who start or buy a business do so for the good of their family.

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Topics: Management

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

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

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