Mechanical Business Briefs

View all our Mechanical Business Briefs below. Each article is a short, 3-minute read, offering advice and general business tips from various industry experts.

How to choose a business loan

When shopping for a business loan, many entrepreneurs make the mistake of focusing solely on the interest rate at the expense of other factors.

Emerging Contracting Models explained

There is an abundance of information in the capital project marketplace about new and emerging contract models. It may make selecting the right model a challenge.

Minimize the risk of burglary

The aftermath of a burglary often requires repairs to damaged property, temporarily closing the business for investigation and repairs, and replacing stolen assets.

Understanding debt

You seldom hear the question, “Do you have enough debt?” The usual caution is having too much and being unable to make the payments.

10 ways to transform employee referral management

Does your company have an effective employee referral management system? According to Simplicant, recruitment from employee referrals has increased from 18 per cent to 33 per cent since 2000, and in top performing companies, nearly half of employees were hired through employee referrals.

Rebate with a twist: no paperwork, no waiting

The rebate and incentive world can be like navigating a maze for contractors and their customers. Some contractors are reluctant to get involved because of the research, work and follow up involved, yet customers expect to receive the rebates they see heavily promoted by governments and utilities.

Four barriers to delegating and what to do about them

A major pitfall for many growing businesses is the owner’s inability to let go and delegate responsibility to employees. In effect, the limitations of the entrepreneur become the limitations of the business.

Building Your Brand

While many businesses are doing their best to merely survive the COVID-19 crisis, others are taking advantage of the slowdown to refocus their business and better position themselves as they move forward.

How To Hire And Retain Great Employees

When it comes to challenges being faced by small and medium-sized businesses, the hiring and retention of great employees is one of the biggest. According to feedback from a business summit held in the U.S. in 2018, a staggering 70% of attendees reported having a hard time finding and keeping good…

Managing Your “Money Wellness”

Ever feel overwhelmed when it comes to managing money, or the cash flow, for your company? Well, you’re not alone. According to SCORE, a non-profit association dedicated to helping small businesses, nearly half (42%) of small business owners say that managing money (cash flow) is “challenging.”