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 […]Read More
Avoiding Collisions During Deer Season
As a child, seeing a deer along the road was exhilarating. A big, majestic creature, standing motionless, observing, listening, then with explosive power, bounding off into the woods. Incredible. As an adult, I still feel that same rush of adrenaline when out of the corner of my eye I spot a deer alongside the road […]Read More
Manufacturing Downturn: What Does Recovery Look Like?
Right now the US is experiencing a slump in the manufacturing sector. The downturn has many factors stemming from the trade war. However, there is more to the picture than just trade wars and tariffs. Consider the downturn of the manufacturing industry in terms of the whole economic scene in order to understand the potential […]Read More
How Installation Floater Insurance Covers The In-Between
In any business, minimizing financial risk is critical. The same applies to not just commercial but industrial business owners. In some situations, it is crucial to provide a further-reaching, more comprehensive insurance policy to minimize expensive losses that could occur. A very common area where some companies suffer loss is in the “in-between” periods. This […]Read More
Is Your Business Covered During a Mechanical Breakdown?
As you consider the chance of financial loss to your business, be sure to take a close look at equipment breakdown insurance. If your business constructs or manufactures using equipment then protecting your earnings from mechanical breakdown is worth consideration. What is Mechanical Breakdown Insurance Equipment breakdown insurance, also called mechanical breakdown insurance protects your […]Read More
Get The Facts About Inland Marine Insurance
When you move equipment or product outside of your facility, or in logistics, freight, or as a function of internal operations, I’m sure your commercial insurance agent has discussed an Inland Marine policy with you. If you’re in middle America, I’m sure having “marine” as the title of any insurance policy you carry may seem […]Read More
The Construction Industry Snapshot & Predictions
If there’s one thing that’s true about the construction industry and its outlook, it’s that things are always changing. But how are they changing, and how can you position your construction business to take advantage of that upcoming growth? Here’s a quick look at where we expect the market to move in the last quarter […]Read More
Deciding Between Equipment Lease or Finance: What’s Right For You?
Walking into an industrial equipment dealer your purchase options can seem a bit fuzzy, with terms like “dollar-out” and “early purchase option”, which makes the deal sound a lot like financing. Let’s start simple on terms: ownership. With an equipment lease, the lessee is renting the equipment at a monthly rate for an agreed upon […]Read More
What Can We Expect For Holiday Sales in 2019?
When it comes to economic news, the headlines are dominated by international trade—particularly the trade wars between the U.S. and China, with each levying new tariffs, countering the other party’s aggressive move in a game of global chess. Despite the jostling for trade superiority, analysts across the nation are expecting a boost in holiday spending […]Read More
Tales From The Trenches: Trucker Interviews About ELDs
Recently I sat down with a couple of professionals working hard in the trucking industry. They had some insight into how electronic logging devices and hours of service rules are slowing them down. See how well this relates to your own experiences in the trucking world, and if so, reflect on ways to resolve this […]Read More
Building Your Business on Healthy Profit Margins
Some companies start off with a rich, financially sound backing due to investors. Some founders launch new businesses off of successfully built and sold companies. Others are brand new startups, just being launched from an idea. In all cases, profits should matter. Companies must pay close attention to not just if they are selling product […]Read More
How More Manufacturers Are Making Data-Driven Decisions
Manufacturing is undergoing a shift in operations. The primary challenge to the current status quo is the increase in tariffs on US products. American companies are anticipating a rise in costs for raw materials, which will, in turn, be passed along to consumers. The concern here is losing the customer due to the price increase. How […]Read More
What Every Trucker Should Know About the AOBRD to ELD Transition
The latest news from the Federal Motor Carrier Safety Administration (FMCSA) regarding electronic logging is that AOBRDs will no longer comply. If you are a truck driver or fleet manager that has dependent on an automatic on-board recording device, you are going to have to switch over soon. The only permitted method for recording hours […]Read More
Do I Need Construction Equipment Insurance?
“I have a GC and Liability policies already, isn’t that enough?” Let’s step back for a moment and take a look at why policies are specialized. If you look closely at your policies, most of the language will focus on the risk of injury, death, or property damage to others. If your own equipment is […]Read More
Construction Industry Watch: What’s Trending in 2019
2019 has been a big year for construction innovation! With the rise of smart technology and the integration of this technology into everyday products, the construction industry is being transformed. Here’s what you need to know about construction industry trends in the year 2019. Safety Equipment Modern construction safety equipment does more to protect construction […]Read More
Electrified Freight: The Who’s Who Of Electric Semis in 2019
In the truck manufacturing sector, electric truck talk has been rampant for years. Yet 2019 is proving to be rather anticlimactic. For starters, Tesla is not rolling the Semi out on the assembly lines this year as scheduled. The main competitor, Nikola Motor Company, is also showing signs of slowing production. The biggest issue? Having […]Read More
Are New Tariffs Helping or Hurting American Businesses?
Set all aspects of politics aside for a moment. Consider the new tariffs being proposed and put in place globally. Whether in North America, China, or otherwise, tariffs change the way people invest and spend. The Trump Administration is putting in place numerous tariffs. They claim this should support businesses and drive manufacturers to produce […]Read More
Resting On The Road: What Every Trucker Should Do On Their Break
New laws are putting more requirements on truck drivers to take longer breaks between shifts. That’s giving you more time to rest. Yet, most drivers are having trouble filling that extra time. What if you could use that downtime to help you to secure more affordable general liability insurance for your transportation business? What if […]Read More
Are You A Business Insurance Companies Want To Insure?
It’s quite the challenging time to be in the construction industry. Though many areas of the country are seeing increasing demand for new homes and commercial buildings, companies themselves are struggling with a robust economy that has one of the lowest unemployment rates in recent history. That’s making it hard to find the type of […]Read More
When Is The Right Time To Buy Construction Equipment?
It’s easy to assume a new piece of machinery will solve your job site challenges or be the “game changer” you’ve been looking for to really grow—and that may be partly true—but before running out and picking out a nice $300,000 piece of construction equipment, let’s weigh your options and determine if now is the […]Read More