Technology and markets are continually evolving, dividing industrial companies into three broad categories: innovators, followers, and status-quo. What determines which camp a business falls into is largely decided by who is at the helm; are they a risk-taker or conservative with the company’s resources? First we’ll distinguish leasing versus buying, then apply those differences to […]
Put It Out To Pasture: When Replacement Makes More Sense Than Repairing Machinery
When you buy heavy industrial machinery you spend a lot of time researching your next purchase, sometimes hiring consultants to aid in your selection process. The hope is that you can use this machine or piece of equipment for decades to come, however, in most instances this isn’t feasible due to wear and tear/costly repairs […]
How Small Machine Shops Gain Competitive Edge
You’ve been in business for several decades or recently purchased an older, established machine shop from another proprietor and you’re sensing a squeeze from more competition and smaller margins. Long-standing clients brought their prototyping in-house and are looking for ways to shave costs on manufacturing runs, pushing your prices lower to retain their business. Is now […]
How Choosing Quality Over Low Cost Builds Your Bottom Line
When shopping for new industrial equipment for your business, we’re often faced with a range of options, from vintage used machines to the Cadillac from top labels and everything in between. Whether you’re looking to purchase with cash or finance, it’s easy to start your evaluation with the lower cost units first, however it’s important […]
Struggling to Increase Your Top-Line? Here’s How Growth-Minded Businesses Do It
“It’s all in marketing’s hands”, or “the sales team needs to be more proactive.” These statements, although may be somewhat true, are rather dismissive of some even greater opportunities for improving your company’s revenues. It can go deep—product selection and design deep, but combine these strategies with your high-performing marketing and sales teams and your […]