Financial Performance

This month I want to discuss costs in a little more depth.This month I want to discuss costs in a little more depth.

As we start this new year, I want you to consider how much a good idea is worth to you. How much would you pay to purchase a solution that immediately increases your production capacity by five percent or removes a troubling barrier in your market and opens up additional sales opportunities?

A new tax reform bill features enhanced deductions under Section 179 that lower the cost of commercial property improvements, including the roof.

The housing industry is clearly firing on all cylinders, even as labor constraints and building material prices are repeatedly brought up as headwinds for the housing market.

When times are good and business is continually flowing in as it is right now, it’s easy to just keep the foot on the gas pedal and deal with what’s right in front of me. However, I make better decisions when I have the ability to look at the bigger picture. If I am only comparing myself to my past performance or my pre-determined expectations, I’m missing a huge opportunity.

Communicating cost increases with our customers

Joe Hikel—co-founder, president and CEO of Shelter Systems—and Dan Holland—president of Clearspan Components—are both committed collectors of operational data. With different size plants in different markets, even with different sales goals, the two find common ground in describing why metrics are so critical to effective management. 
Improving the presentation of your income statement helps you make sense of the financial data you’re assembling.
The more business you do, the higher the cost of downtime.