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.
Mechanical Business Briefs
Five profit margin killers you must eliminate
How to stop profit leakage from draining your company’s lifeblood
Know about your google business profile
A Google My Business (GMB) profile provides an online suite of tools used to manage a business’s presence on Google.
Is your cyber security up to the task?
Research from KPMG in Canada indicates that more than nine in 10 (94 per cent) small- and medium-size Canadian companies say...
A simple tool to prioritize efficiency improvements
Pareto analysis − aka the 80-20 rule − lets you leverage data to focus on the “vital few” and ignore the “trivial many”
The shift toward digital payments
Mobile technology adoption “innovation is moving at a scarily fast pace.” So said Bill Gates several years ago.
How techs can increase revenue with a field service app
Service technicians are the face of your business. They are sales people, customer service representatives and skilled technical workers, all in one.
How can entrepreneurs deal with price increases?
Input prices are rising. Here are strategies you can use to avoid raising prices for your customers.
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.
The Secret Weapon to Better Hires − The Structured Interview
Whether in person or on Zoom, having a prepared list of questions for candidate ensures not only will you project a professional image, but also that you’ll gather great information which will help you make a good hiring decision.
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.
