21 min listen
MC004: 11 Points To Consider DURING The Dreaded Recession
MC004: 11 Points To Consider DURING The Dreaded Recession
ratings:
Length:
22 minutes
Released:
Dec 17, 2014
Format:
Podcast episode
Description
Do you go to the bar or do you take action? Jason and Jim will step you through 11 points to consider WHEN the recession hits the Metalworking Nation. Yes, this subject is a bummer, but MakingChips is going to Equip Manufacturing Leaders no matter the subject. Women in manufacturing Yoda says “No! Try not. Do or Do Not. There is no try” 1. Pay attention to your cash flow – like a hawk – know the numbers. 2. Talk to your staff and be honest about what is going on. 3. Be honest with your partners. 4. Know your core competency and stick to your business model. 5. Minimize purchasing and reduce expenses – can you insource any of your services? 6. Lower your overhead. 7. Minimize your labor costs (OT) – make strategic decisions sooner rather than later. 8. Realize your capacity level. 9. Negotiate with banks. 10. Negotiate with your landlord. 11. Capitalize on opportunities.
Released:
Dec 17, 2014
Format:
Podcast episode
Titles in the series (100)
MC014: Taking Advantage of Federal and State Grant Money: MC014 Taking Advantage of Federal and State Grant Money [Podcast] by Making Chips Podcast for Manufacturing Leaders