Todd Drummond

Insider’s Secrets for the Buying/Selling of Component, Modular, and LBM Companies

Todd Drummond

Our industry has been changing in a big way. Independents once dominated our industry, but now through mergers and acquisitions, that is no longer the case. Right now, some of the people reading this article are either contemplating or in actual talks about selling their business. From...

#13259 Cover image
February 2021
Issue #13259
Page 31
Ben Hershey

Rise to Operational Challenges

Ben Hershey

            Last month’s article, Change Impact, talks about what impact changes at your company will have this year. Well, after 2020 and the challenges we faced, especially for the operations-intensive companies in our industry, it...

#13259 Cover image
February 2021
Issue #13259
Page 46
Ben Hershey

Change Impact

Ben Hershey

Goodbye 2020 and Welcome to 2021!!! Our business world has been changing fast, especially this past year, and we continue to move forward through complex issues and how best to provide our goods and services to our customers within the building industry and beyond. But what...

#13258 Cover image
January 2021
Issue #13258
Page 28
Todd Drummond

Hazards with Some Advisements for New Investments

Todd Drummond

When looking for new opportunities for improvements in your operation, it is quite natural to ask for advisement from outside your company to give you a better perspective. Who you should trust to help you take your company to higher performance is not as clear cut as it may appear. Costly...

#13258 Cover image
January 2021
Issue #13258
Page 45
Todd Drummond

Waste, Inefficiencies, and Defects of the Project Communication Process

Todd Drummond

Think beyond the physical investment of trucks, equipment, and buildings when it comes to investments for improving the bottom line for 2021. If a company wants to improve the net profits, improving the project communication process can add serious dollars to the bottom line. Most companies...

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December 2020
Issue #12257
Page 29
Ben Hershey

A Renewed Focus for 2021

Ben Hershey

The importance of making changes for Offsite Manufacturing For some it seems like this past year, 2020, has been either a waste or was put on pause. There have been numerous challenges in our businesses, politics, the economy, our homes, and many more all disrupted by the Covid pandemic that...

#12257 Cover image
December 2020
Issue #12257
Page 44
Ben Hershey

Fight the Management Drift

Ben Hershey

Many of us started 2020 with resolutions/goals both for ourselves and our businesses, but then our year was turned upside down with the Covid worldwide pandemic and other issues such as lumber prices topping highs we thought we would never see. While many LBM/component businesses are working at...

#12256 Cover image
November 2020
Issue #12256
Page 26
Todd Drummond

Preparing for the 2021 Build Season

Todd Drummond

Despite all the turmoil of the skyrocketing lumber prices, pandemic, and elections, the building industry is doing very well. Hopefully, your company is doing very well, and now your attention is focusing on potential growth for 2021. Most companies are looking for modest tweaks to their current...

#12256 Cover image
November 2020
Issue #12256
Page 43
Todd Drummond

Basic Principles for Effective Employee Attraction and Retention

Todd Drummond

Last month’s article, “Better Profits with Effective Employee Retention and Growth,” got a lot of attention. The labor shortage issues that companies are experiencing, despite the high unemployment numbers, are having a negative impact on many companies’ manufacturing...

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October 2020
Issue #12255
Page 27
Ben Hershey

Servant Leadership and One of Our Industry’s Best

Ben Hershey

I remember it clearly; I was in the Lounge at Portland International Airport when I got a call from Joe Kannapell. Joe was going to be sharing with the MiTek team in the next day that he would be officially retiring at the end of 2020; Joe has been a part of the industry for more than 46 years....

#12255 Cover image
October 2020
Issue #12255
Page 40
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