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Gosiger Blog

Select a topic to read more expert advice:

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

May 12, 2017

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

April 28, 2017

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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7 Ways To Protect Your Shop Data From Cyberattacks

March 31, 2017

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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5 Things to Consider When Buying An Existing Business

March 10, 2017

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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What’s Next?

February 10, 2017

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

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What Makes Your Business Unique?

January 20, 2017

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

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

January 6, 2017

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

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

December 23, 2016

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

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What Does Insurance Have To Do With Succession Planning?

December 9, 2016

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

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How Not To Hire a Disruptive Employee for Your CNC Shop

December 2, 2016

Sometimes even an employee with good job skills and experience can create problems with fellow employees that drain enthusiasm and impact productivity. That’s why it’s important to consider a job candidate’s personality and track record before making a hiring decision.

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