Savvy cash management helps your bottom line

May 1st, 2018

Cash flow—the amount of money flowing into and out of your shop—is an easy concept to understand, yet not always well managed. Not every owner is aware of the impact skillful cash management has on net income, probably because the importance of managing revenue is far easier to recognize in some types of businesses than […]

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Avoid pitfalls during layoffs

September 1st, 2017

It’s an unwelcome responsibility, but almost every business owner and manager will eventually come face-to-face with the disagreeable task of terminating one or more employees. “Firing people is one of the toughest, most unpleasant things you do as an employer,” says James Walsh in his book Rightful Termination (Merritt Publishing 2006). “Your stomach tightens and […]

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How to control workers’ comp costs

July 1st, 2017

If yours is a typical manufacturing shop, workers’ compensation costs—or the threat of them—can quickly become a major expense. Almost every business in the United States that has employees must deal with the cost of workers’ compensation, so you’re not alone in this potentially damaging liability. Fortunately, there are steps you can take to help […]

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Pre-employment background checks

May 1st, 2017

These days every new employee brings a possible threat to your business, including theft, sexual harassment, physical violence, identity theft, fraud and drug use. The potential for ruinous legal actions is higher today than ever before. That’s why a background check before you hire an applicant could save your business. It’s essential that background checks […]

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Compensation control

July 1st, 2014

You can protect your workers ... while keeping workers’ compensation costs in line. If you’re a typical marine-fabrication business owner, workers’ compensation costs—or the threat of them—can quickly become a major expense burden. Almost every business in the United States that has employees must deal with the cost of workers’ compensation; it’s a perennial issue, […]

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