CNC shop owners are famous for putting a tremendous amount of time, money, thought and perspiration into starting and running their business. Unfortunately, many are also notorious for neglecting to plan for retirement. According to financial experts, about 1/3 of small business owners don’t have a retirement savings plan.
We talk a great deal about management skills in manufacturing. In fact, many job titles include the word “manager”: Production Manager, Plant Manager, Shift Manager, Parts Manager – you get the idea. The fact is, if your job includes overseeing people as well as things, you need more than basic management skills to be truly successful. You need to be a leader.