Every business owner will eventually transition, whether it is on his/her own terms and timing or being forced to transition because of something unexpected or outside the business owner’s control.

For years, we in the U.S. and in other developed nations have been hearing about artificial intelligence (AI) and how AI technology was advancing.

Held May 23-25 at Huntington Convention Center in Cleveland, Ohio, Forge Fair 2023 – hosted by the Forging Industry Association (FIA) – is North America’s largest event dedicated exclusively to the forging industry.

While growing your sales revenue is important and usually the focus of most business owners, building a solid foundation of processes contributing to your business’ health is essential to scale and build enterprise value, which is the ultimate goal.

You’re irreplaceable, indispensable and unique. You’re also one of the most stressful parts of your business. As the owner, you make all the critical decisions and bear all the risks. Here are some helpful tips for reducing your business’ dependence on yourself so it remains healthy and sustainable even in times of duress. 

Are we in the early stages of an emerging and viable hydrogen economy?

In previous articles in this series, the key concepts and structures of developing a cost model were discussed. Important ideas to review are granularity, processes, level and special process cases.

Supply chains and logistics are an integral and important part of a successful manufacturing operation. They have always been so, but with the advent of the COVID-19 virus and its having shut down the world’s economy for a time during a period of global quarantine, supply-chain issues have since taken center stage for consumers and manufacturers alike.

You are ready to begin building your cost model, or perhaps you are in the process of electing/upgrading your ERP software and want to plan through how it will support your cost model. 

Yesterday I bought a simple, gas-powered Craftsman lawnmower with a Briggs & Stratton engine. It wasn’t very fancy, it wasn’t self-propelled and it didn’t have a lot of “bells and whistles.” It did, however, happen to be exactly what I wanted – a basic workhorse lawnmower to cut grass at my daughter’s rental property.