One of the most efficient and popular tax breaks for small to midsize businesses is the Section 179 tax deduction, and if you’re not currently taking advantage of it, you should certainly consider doing so. Here is how it is defined: Section 179 is an immediate expense deduction that...

Economic studies prepared by the multinational professional services company, KPMG, show that the pace of job gains has slowed due to the Delta variant and is leading to a reduction of economic activity in the 3rd Quarter of 2021. KPMG lowered its 3rd Quarter GDP growth numbers from 6.4% to...

According to a recent Wall Street Journal article written by Josh Mitchell, the economy is holding up quite well. “Resilient” is the word he used to describe the situation. “Households have plenty of money,” he quotes a chief economist as saying. While travel has...

What are companies doing these days with the uncertain rise of COVID variants? They’re hoarding cash! According to an updated Wall Street Journal article published on August 16, 2021 by Anna Hirtenstein, companies are sitting on record levels of cash, and ramping up their requests for...

Suppose you want an effective incentive program that improves productivity, saves your company labor cost, and rewards your most valued production crews with additional wages. Perhaps you also want to improve the accuracy of your production scheduling that allows for a proper understanding of...

Every year, I assist with, on average, 20 plant upgrades. Although each one is unique, they have certain things in common. Most importantly, these component manufacturers have agreed that they want to capture greater efficiencies and maximize their production with customized and optimized best...

Understanding the do’s and don’ts for component manufacturing (CM) equipment purchasing (wood trusses and wall panels) can save or waste your company 100’s of thousands of dollars at the time of purchase and long after. Everyone knows the building economy is on fire, so it...

As prefab manufacturing continues to have a spotlight thrust upon it, new factories are popping up nationwide. If you have ever been a part of a new factory startup, you probably have the scars to prove it – mentally, emotionally, and physically. Every new factory startup is a lot of work...

In this series of articles focused on job management, the main theme has been adaptability. Component fabricators shouldn’t be required to adapt their operation to a piece of software. Instead, the value is in a software solution that adapts to their needs. No two component manufacturing...

The building industry is once again on fire, and too many are stating, “I don’t have enough time” all too often. If your group is always talking about needing more people, equipment, and time, improving time management would undoubtedly benefit you. Improving time management...