Developing Strategy When Faced with a Pandemic Ben Hershey Our roles as managers and owners sometimes feels as though we are constantly changing over the past several decades, but how we planned and strategized sped up dramatically after the 2008 global financial crisis. Managers who understood the need to be a strategic leader and a disruption... Read More September 2020 Issue #12254 Page 26
Better Profits with Effective Employee Retention and Growth Todd Drummond In the almost 20 years of my consulting services, TDC has witnessed that the highest performing companies with the highest profit as a percentage of sales, generally in the high teens to mid-twenties, are the same companies with very low employee turnover. However, it is far more than just... Read More September 2020 Issue #12254 Page 40
What is Worse than Poor Services? Denial by the Group that has Terrible Services! Todd Drummond Nothing is more frustrating than dealing with poor services by a department within your company or a vendor when you need to resolve a problem or find information on a timely basis. However, what is even worse than the poor services is having that troubled group in complete denial about their... Read More August 2020 Issue #12253 Page 26
The Battle Within Our Operations Ben Hershey Does this conversation sound familiar? “How fast can we reliably supply that component job to our customer?” asks the sales manager. “And don’t make us look like fools by telling me a date that will never be met or is too far out!” “I will tell you how... Read More July 2020 Issue #12252 Page 26
Critical Summertime Repeated Problem Areas Hindering Sales Todd Drummond Year after year, too many companies suffer needlessly with the same common problems. Even after making new equipment investments and receiving assurances that things will be different, the old issues keep rearing their heads. ! Even with the additional equipment investment, production... Read More July 2020 Issue #12252 Page 44
Are You Communicating the Same Old Message? Ben Hershey Here we are at the start of 2020 — Happy New Year! As we begin the year, we’ll likely have times when we look at the past and then look forward, as we plan our strategy and set the tone for our teams and work with our colleagues. But… there are others who will trod out the... Read More January 2020 Issue #12246 Page 28
Set the Course of Your Business Ben Hershey Many of us just returned from this year’s BCMC show. How appropriate it was to be in Columbus, a city named after a visionary who discovered the new world, and the theme was “Set Your Course.” In your business, no matter the role you serve, you have a chance to set the course... Read More November 2019 Issue #11244 Page 26
Time to Step Up Your Game Gary Fleisher When you look out the window at the constantly evolving building industry, not only in the US but around the globe, you see change, innovation, and entirely new ways of marketing and selling your product which have sprouted up like freshly planted corn. Yes, there are plenty of weeds also,... Read More October 2019 Issue #11243 Page 88
Two Common Mistakes Cost At Least 2-3 Points of Net Profit Every Year Todd Drummond Most, if not all, are now caught up in the summer building season to make serious money for their component divisions. However, far too many companies are allowing tens of thousands of dollars to be lost because of commonly accepted bad practices. Practices such as using non-precise labor... Read More August 2019 Issue #11241 Page 24
Does the Manufacturing Facility’s Environment Affect Quality? Glenn Traylor Can quality be determined by examining the environment of the facility manufacturing the product? It seems like the two are unrelated, but, after evaluating hundreds of facilities, quality seems to be proportional to the environment of the manufacturing. By this, I’m not saying that brand... Read More August 2019 Issue #11241 Page 34