Todd Drummond

Don’t Be Blind to Simple Truths for the 2023 Build Season

Todd Drummond

An article written and published by Russ Kathrein on LinkedIn, “The Eyes See What the Brain Believes,” struck a nerve for me. In summary, the statement “believe it when I see it” is more often than not false. As someone who has made a living assisting others for over...

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January 2023
Issue #15282
Page 26
Todd Drummond

Proof That Even the Largest Wood Truss CMs are Not Immune to Losing Tens of Millions of Dollars with Outdated Reporting

Todd Drummond

Despite the fantastic profits these past few years, some of the largest wood truss component manufacturers (CM) are losing tens of millions of dollars hidden in plain sight. Talk to any of the executives at these CMs, and they will be able to rattle off the EBITA or other P/L results, yet they...

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December 2022
Issue #14281
Page 26
Carl Villella

About Those Rising Interest Rates…

Carl Villella

It’s true that interest rates have been rising. With inflation at its highest in decades, the Federal Reserve (“the Fed”) had few options but to raise interest rates in its attempt to cool the upward movement of prices. And yet the job market continues strong, indicating the...

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December 2022
Issue #14281
Page 88
Todd Drummond

Labor Shortages Worse Than Most Understand and Automation is Not Going to Be the Cure-All Solution

Todd Drummond

Time and again, executives state they are having problems finding enough qualified people to staff all the needed positions within their company. The truth is that this problem will get much worse, and you need to understand why to fix it. TDC has found that companies with the best employee...

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November 2022
Issue #14280
Page 24
Carl Villella

Securing Funding in a Rising Interest Rate Economy

Carl Villella

With interest rates on the rise, it’s important to consider working with funders who are not as quick to increase rates. You need a lender who will help you not squeeze you, in this economic climate or any climate. You need a company that will work with you to do the best they can for...

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November 2022
Issue #14280
Page 82
Lesko Financial Services Team

Fourth Quarter Arrives with More Questions and Challenges Ahead

Lesko Financial Services Team

The markets and the economy still face a number of challenges from lingering inflation, ongoing Fed rate hikes, and geopolitical instability. This is playing out within a context of a stock market that has declined—recent gains the exception—even if it has already priced-in a lot of...

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November 2022
Issue #14280
Page 94
Todd Drummond

Including Meaningful Process Improvement on Your Capital Investment Checklist

Todd Drummond

Time and time again, TDC has witnessed too many companies spending millions on capital investments to achieve marginal improvements while others spend far less and achieve spectacular results. It may feel obvious that adding a saw or auto-puck table will significantly enhance output, but the...

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October 2022
Issue #14279
Page 24
Steve Shrader

Getting Started with CNC Automation

Steve Shrader

Ah, ‘tis the season. Sure, you traditionally hear that expression around wintertime, but we’re talking about a different season altogether: BCMC Season! Which means Shopping Season! It’s that season when CMs start to study automation and equipment that gains automation....

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October 2022
Issue #14279
Page 80
Carl Villella

Added Value From Your Funding Source

Carl Villella

It’s important to explore your options when considering the financing of your business equipment.  There are a number of financing companies out there, as well as local banks, and it’s likely that the rates and additional interest charges will differ. Do you go with the...

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October 2022
Issue #14279
Page 86
Geordie Secord

Design Connections: Are We Selling Trusses or Lumber?

Geordie Secord

It is common for truss plants to be owned at least in part by a lumber yard. This relationship should, at least in theory, provide for a great business relationship. The lumber yard can focus on relationships with the builders, home owners, and developers knowing that they have a dedicated...

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October 2022
Issue #14279
Page 98
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