New technologies speed up marine production process
Published On: June 14, 2016Categories: Management, ResourcesThese days, customers are driving the marine fabrication industry to move faster, and that means finding opportunities to make every stage of production move as quickly as possible. In fact, many marine technological advances have emerged, in part, because of end users’ feedback. “We are constantly working to improve how easy it is to pattern, [...]
How marine fabricators can be practical and proactive
Published On: June 7, 2016Categories: Management, ResourcesLike many manufacturing industries, marine fabricators continually struggle with maintaining the right mix and amount of inventory to use in the production of their custom products. Sure, you can invest in comprehensive inventory management software to translate your inventory management into effective production processes. However, other inventory techniques can also result in an improved bottom [...]
The 2016 State of the Industry
Published On: May 1, 2016Categories: Features, Industry News, New Markets, ResourcesPositive outlook projected for marine businesses. Six years after the world economy emerged from the Great Recession of 2009, a return to a strong global expansion remains elusive. The downside risks to the world economy appeared more noticeable than ever in 2015. Economic growth has improved in the advanced economies—the United States, Japan and Europe. [...]
Amending tax returns and other changes that can benefit your business
Published On: May 1, 2016Categories: Management, ResourcesEvery marine fabrication business faces an increasing amount of red tape in the form of rules, regulations, fees and taxes. At the same time enforcement on every level is becoming more aggressive and issue-focused—with even more costly results. Experienced fabricators know that tax mistakes are sometimes inevitable. Fortunately, a combination of unique tax write-offs and [...]
No election blues here
Published On: May 1, 2016Categories: ResourcesIf you are a regular reader of Marine Fabricator, you have probably noticed that Jim Tarbox’s photo is missing from this page—either that or he has drastically changed his look. Jim hasn’t changed his look, but he has stepped down as editor of this publication, and I’m taking over his duties. I will be the [...]
Great Lakes host tall ships race
Published On: March 1, 2016Categories: ResourcesThe only “tall ship” I’ve ever been on is the USS Constitution. We were in Boston following a week of horse riding in the Green Mountains of Vermont, and it felt good to get my feet back on the ground. The main thing I learned touring the fabled vessel was that no matter how tall [...]
Proposals: An overview
Published On: March 1, 2016Categories: Management, ResourcesAs you sell products or services, you might find yourself preparing a number of different types of sales proposals: Unsolicited proposal. A proposal that you initiate solely as a prospecting tool. Usually (although not always), you’ll speak to the customer before you submit it. RFP response. This is a proposal generated after you receive a [...]
Great sales proposals: The basics
Published On: March 1, 2016Categories: Management, ResourcesAs marine fabricators, you sell both products and services, and sales proposals are probably part of your business. Proposals educate prospective customers, motivate them to buy, and ultimately inspire them to establish and deepen a business relationship with you. What makes a great sales proposal? For starters, it: Establishes your credibility, providing evidence to your [...]
Marine fabrication: Working with rigid enclosures
Canvas Designers CEO Mike Erickson, MFC, gives IFAI Expo attendees training and tips on crafting a quality enclosure for customers. “Working with Rigid Enclosures,” presented Oct. 7th at IFAI Expo 2015 in Anaheim, gave attendees an opportunity to learn some tips from the owner of Canvas Designers Inc., Riviera Beach, Fla., the largest custom marine [...]
Know your market, make your sale
Published On: February 8, 2016Categories: Management, ResourcesSocial media is a tool that can directly tie conversions to the efforts you set aside to utilize its potential. There are two main sectors of social media that businesses of all sizes can utilize to market their products and services: organic and paid. “Organic social” is the free, content side of social media. The [...]