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... Read More January 2023 Issue #15282 Page 26
Proof That Even the Largest Wood Truss CMs are Not Immune to Losing Tens of Millions of Dollars with Outdated Reporting Todd Drummond Despite the fantastic profits these past few years, some of the largest wood truss component manufacturers (CM) are losing tens of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... Read More December 2022 Issue #14281 Page 26
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... Read More December 2022 Issue #14281 Page 88
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... Read More November 2022 Issue #14280 Page 24
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... Read More November 2022 Issue #14280 Page 82
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... Read More November 2022 Issue #14280 Page 94
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... Read More October 2022 Issue #14279 Page 24
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.... Read More October 2022 Issue #14279 Page 80
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... Read More October 2022 Issue #14279 Page 86
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... Read More October 2022 Issue #14279 Page 98