Taking the Mystery Out of Labor Inventory
Many colleagues in the industry seem to be confused about managing labor inventory in their shops. Much of the confusion comes from the terminology thrown around the industry and because the definitions for these terms vary. I would like to clarify, from my perspective, what I believe to be the proper terminology and formulas for managing labor inventory.
Kristen Phipps Joins Hastings Team as Director of Business Development
Kristen Phipps comes to Hastings with more than 20 years of sales and marketing experience including 16 years at Federal-Mogul, where she managed numerous functions ranging from operations, customer service, inside sales, brand marketing, global supply chain, and global marketing.
5 Ways to Keep Your Business Out of Court
When it comes to business, there are so many things that owners need to do and think about to keep the shop running. The last thing they need is a lawsuit related to employment matters that can be easily avoided. Here are five tips to avoid employment lawsuits.
Four Reasons Job Descriptions Are Essential to Small Businesses
What a job description does for a company is why they are so important to have for each role. Most companies use job descriptions as a recruiting tool, to define performance standards, and career planning. Those are all great uses, but here are four more areas that job descriptions should be used for in a company.
Knowledge is Power
What does a guy or gal do when the next unfamiliar job walks in the front door? Where does one go for technical information about the really old or the recently designed engine job you’ve just been presented with? Read on to find out.
Lessons From Jack Welch
Jack Welch is one of the most successful business leaders of the last century. For those unfamiliar with him, Jack Welch was the CEO of General Electric from 1981 until his retirement in 2001. Over his 20-year tenure, Welch earned numerous awards for his leadership as CEO, culminating with Fortune magazine naming him “Manager of the Century” and ranking GE as “the most admired company” in 1996 and 1997.
New Year Means New Rules and Time to Review and Revise
Each New Year brings with it new laws, rules and regulations based on the trends of business and human resources management. Here are just a few things that are happening in 2015 that employers need to be aware of and apply to their business if it makes sense.
5 Tips for Avoiding Legal Issues
When it comes to business, there are so many things that a business owner needs to do and think about to keep the business running. The last thing they need is a lawsuit related to employment matters that can be easily avoided. Here are five tips to avoid employment lawsuits for small businesses:
Year-End Tax Planning for Businesses
While the fate of several business-related tax extenders such as R&D credits, bonus depreciation and Section 179 expensing that expired at the end of 2013 is uncertain, there are still a number of end of year tax strategies businesses can use to reduce their tax burden for 2014.
Exceeding Expectations Builds Customer Loyalty
No customer likes surprises when it comes to doing business with any type of service provider. When customers can count on consistently great service each time they do business with you, their confidence increases and they are far less likely to shop around for their engine rebuilding needs. But when the customer’s experience is inconsistent —
Schumann’s Puts Wet Sump Oil Pump Program Up for Sale
Verne Schumann has been around racing since the mid-‘50s. He knows a thing or two about the industry and so does his business, Schumann’s Sales & Service, Inc., an engine parts supplier located in Blue Grass, IA, which Verne founded in 1970. Now, nearly 45 years later, Verne and his wife are beginning to ponder
Top 5 Reasons Business Deals Fall Apart, And How To Prevent It
A business sale requires the full attention and cooperation of the seller. Take your vacation before putting the business on the market. Then be prepared to dig in, be available and be actively involved in the stages of the selling process. Once it’s sold, then it’s time for that trip of a lifetime. Your engine
