Cutting-edge technology is having a significant effect on the automotive industry, something that obviously affects the shops tasked with performing auto repairs. According to Keubix, a next-generation transportation management system provider, there are five ways technology is shaping the automotive industry: Internet of Things (IoT). The concept of everything being connected to everything has three [...]
While the construction industry as a whole seems to be booming, subcontractors and specialty trades face some unique challenges, including being asked to meet requirements imposed by larger prime contractors that may be unfavorable to them, such as time constraints, payment terms, and contract provisions. On top of that, the skilled labor pool is aging, [...]
No one really likes to talk about taxes, since they’re often considered a necessary evil, but your small or medium-size business may be missing out by not taking advantage of all the deductions available to it. One of the most advantageous is Section 179 — which allows businesses to write off the entire purchase price [...]
The manufacturing sector has been helping carry the U.S. economy and drive growth in 2018. While the near-term outlook for that trend to continue is strong, there is growing concern about 2019 and beyond, according to many economists. An article from the Association of Equipment Manufacturers notes a number of warning signs suggest significant economic [...]
The practice of dentistry has been around for a long time, but it is constantly evolving — bringing new challenges for dentists who want to not just survive, but thrive. According to Dentistry IQ, three changes happening now in the industry that is expected to continue in the short term are: Integrated healthcare growth. An [...]
While there are many different types of manufacturing, its definition — from BusinessDictionary.com — encompasses them all: The process of converting raw materials, components, or parts into finished goods that meet a customer’s expectations or specifications. Manufacturing commonly employs a man-machine set up with division of labor in large-scale production. Why Manufacturers Need Financing Regardless [...]
All healthcare organizations face the challenge of financing and implementing the latest, ever-changing medical equipment while carefully managing budget dollars. The challenge is amplified for small and rural hospitals, which face higher demands from patients and an increased focus on improving the patient experience — but perhaps don’t have the cash flow to keep up [...]
As technology evolves, electronics manufacturers are faced with the need to be flexible and adaptable to keep up with constantly changing customer demands. Smart electronics devices continue to grow in popularity, and pressures are mounting for green electronics manufacturing. There’s also a push for energy-efficient electronics, forcing manufacturers to develop new methods to produce devices [...]
Based on the premise that there’s no place like home, home healthcare agencies offer a wide range of in-home healthcare services for those suffering from illness or injury. While a majority of users are in the fast-growing senior population, people of any age may seek this type of care, which is usually less expensive, more [...]
According to the national restaurant association, in 2017 the restaurant industry was the second-largest private-sector employer, providing jobs and careers for about one in 10 working Americans. However, restaurant operators faced a challenging business environment, something that’s par for the course in this highly competitive industry; studies by Professor HG Parsa, chair of the Department [...]
Even in times of an economic downturn, people like to look their best and even pamper themselves. While they may be more price conscious during those times, their spending continues — so it should be no surprise that the beauty business is booming. According to Salon Builder, the salon and spa service industry is at [...]
Most researchers are optimistic that the construction industry will continue to flourish through the end of this year and beyond — although labor shortages may limit the number of new jobs being added. For 2017: FMI Corporation — which provides management consulting to the construction industry — believes the combination of favorable general economic conditions, [...]
