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... Read More February 2021 Issue #13259 Page 31
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... Read More February 2021 Issue #13259 Page 46
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... Read More January 2021 Issue #13258 Page 28
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... Read More January 2021 Issue #13258 Page 45
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... Read More December 2020 Issue #12257 Page 29
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... Read More December 2020 Issue #12257 Page 44
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... Read More November 2020 Issue #12256 Page 26
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... Read More November 2020 Issue #12256 Page 43
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... Read More October 2020 Issue #12255 Page 27
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.... Read More October 2020 Issue #12255 Page 40